Lloyds TSB Designated Clients’ Account

Published on 28 September 2010 by Raffick Marday

The Lloyds TSB Designated Clients’ Account enables an individual to hold the clients’ individual funds in separate accounts. It’s appropriate for all the professional practices and various other businesses that hold money for its clients, which includes- accountants, solicitors, estate and managing agents, insurance brokers and various others.

What benefits can you expect from the Lloyds Designated Clients’ Account?

The account holders enjoy a lot of facilities provided by the bank which includes regular access to bank statements. You can get the statement whenever you want, on daily, weekly or monthly basis. You can have instant access to the available balance at your account.

Moreover, the minimum amount that you have to deposit is only ₤1 and the maximum limit would be ₤5 million on the Clients’ call account. As long as you possess cleared funds, you can enjoy unlimited withdrawal according to your deposited amount.

You are getting the facility of free transaction, as there are no transaction charges. All the interests are calculated on a daily, paid monthly and can also be paid gross or net acquainting with the tax status of each and every client.

There are huge benefits of using this account and the functioning of the account is least complicated to save the precious time of the clients who are mostly professionals.

Terms and Conditions:

As soon as you get aware of any sort of fraudulent activities or illegal transactions, never hesitate to inform the Lloyds Group. You can do so by calling on 0845 072 5555 to make an appointment at the earliest.

An individual should also keep in mind that he/she will be liable for any kind of unauthorized ort incorrectly executed transactions on the account. The organization won’t be liable for any loss of profits, business, goodwill or any special form of damages.

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