Clients' Monies Service

Clients' Monies Service is an electronic banking system that gives you instant access to accounts and flexible management options. It is designed to help you comply with your industry's regulations.

Using a dial-up modem, Clients' Monies Service makes a secure connection to our system, letting you manage accounts for your clients' money independently.

You can make multiple transactions in sterling and other currencies.

With Clients' Monies Service you can manage your third party funds in the way that best suits your business.

Account set up
You can set up thousands of accounts. They can be set up in an individual client's name or pooled.

Easy auditing
Even with pooled accounts, the funds held on behalf of each client remain separate with individual audit records.

Easy reconciliation
You can to create client reference numbers that match your internal records and produce a comprehensive range of reports.

Time-saving automation
Clients' Monies Service automatically generates client statements and tax certificates.

Export data
You can export payment data in standard formats that allow you to import them directly into your business' systems.

You could earn more interest by pooling your clients' funds together.

Interest frequency
Interest can be paid monthly, quarterly, half-yearly or annually and client listings can be given different interest rate structures.

Interest recipient
You choose whether to pay all, some or none of the interest to your clients (subject to your professional regulations).

Tax status
Interest is calculated automatically by Clients' Monies Service and payments can be gross or net of tax according to each client's tax position.

Compliant
Clients' Monies Service follows HM Revenue & Customs regulations for interest and commission payments.

Keeping your clients' money safe and secure is at the core of Clients' Monies Service. It is protected by a number of industry-standard technologies.

Secure connection
Clients' Monies Service runs from standalone or networked PCs that dial directly into our Clients' Monies Service Centre via a secure connection.

User authentication
Logging on to Clients' Monies Service requires a combination of passwords and user IDs. Passwords are changed regularly for added security.

Privilege settings
The administrator is able to set different access levels to users in your business, ensuring confidential information can be protected.

To find out more about Clients' Monies Service and how it can help your business run more efficiently, contact your relationship manager.

New to NatWest?
Please contact your nearest business centre to find out how to bank with us.

System requirements
Runs on a standalone or network PC with:

• minimum 100MHz processor with 32MB RAM
• 100MB of free disk space
• Windows 98, NT, 2000, ME, XP or Vista
• dial-up networking (except Novell for NT)
• SVGA screen (resolution 800x600)
• a telephone line capable of supporting a V34 compatible modem and fax
• laser or inkjet printer
• a CD-ROM drive

Clients' Monies Service will not operate where NT4 Service pack 6a is used in conjunction with Microsoft Office 2000 Service release 1a.

Internet Explorer is not required. However, if loaded a minimum of version 4 is required for Clients' Monies Service to run.