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Bank Account Recommendations for CMP Compliance
General Discussion

Snowman
Snowman
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1 Posts
3 years ago
0
Hello

I was wondering if anyone could share any experiences or recommendations for setting up easy to use bank account set up for client money protect compliance

Lloyds offer segregated accounts but said this needs to be individual accounts for each client. Is this the case that if you have 100 clients you would need to have 100 indiviudal accounts and account details?

Or is there an offering that provides a single segregated account for all client monies that can then be sub divided per property?

Welcome any insights

Thanks

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