Clients' Monies Service
Streamline the administration of client funds
The Clients’ Monies service is designed for FSA regulated companies, as well as regulated solicitors, accountants, insolvency practitioners, pension trustee firms, property managers, letting agents and housing associations.
Clients' Monies Service is an online banking system that helps you to manage client monies. Designed to help you comply with your industry's regulations, all of your online transactions are carried out in a secure environment.
It uses industry standard security techniques to protect your client information and follows HM Revenue & Customs regulations for interest and commission payments.
Key features
- Convenient and secure – use your computer to carry out your banking transactions
- Simple to use - open and close client accounts in minutes, undertake multiple transactions using a range of currencies
- Easy auditing - funds held on behalf of each client remain separate with individual audit records
- Higher interest potential - pool your clients' funds to earn a higher tiered interest rate
Benefits
- Added value for your clients - send out individual bank statements, interest and tax certificates for each client
- Easy reconciliation - link to your own client reference numbers for easier administration
- Support - easy to install, with access to a dedicated helpdesk when you need it
- Secure - secure connection from your PC to our server, passwords and user IDs ensure confidentiality
