Get instant access to funds you are holding for clients
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Deposits
Client Deposit Manager
How we could help your business
Client Deposit Manager allows you hold monies that belongs to your clients in a separate account.
Get instant access to funds
Earn daily interest that’s paid quarterly
No monthly fees or withdrawal penalties
Get separate accounts for each client or have just the one
Get cheque books and credit books
Earn interest daily
Earn daily interest that’s paid quarterly into your client accounts or to your business account.
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No monthly fees or withdrawal penalties
There's no minimum or maximum balance.
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Have flexibility for your accounts
Set up separate accounts for each of your clients, or run a single account for all your client funds.
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Get instant access to funds
Manage your accounts online or over the phone. You can also access this account using Bankline.
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Get cheque books and credit books
A great way to help you manage your clients’ funds.
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Interest rates
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If you already have a Client Deposit Manager savings account with NatWest and you are impacted by a rate change, you will receive a notice from us in due course. The notice will tell you when the rate change takes effect.
Can I apply if I am not a NatWest customer?
If your business doesn't have an account with us and your turnover is under £2m, you'll need to arrange a callback so we can get key business information to make your application quicker.
Let us know your preferred date and time for a callback by completing our Savings Account Enquiry Form.
If your business doesn't have an account with us and your turnover is over £2m, you'll need to call us.
If your business is based in Scotland and you don't currently hold an existing NatWest business or personal account, please apply with Royal Bank of Scotland or give them a call on 0345 600 2230. Customers with hearing and speech impairments can contact RBS using the Relay UK Service: 18001 0345 600 2230.
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Can I apply for a Client Deposit Manager?
You can apply for a client deposit manager account if you can demonstrate your eligibility by evidencing you meet at least one of the following:
1) UK Money Laundering Regulated or equivalent supervisory body (e.g. HMRC, ICAEW)
2) Appointed by authorities to manage funds on behalf of a vulnerable person. In these cases, we'll need to verify the vulnerable person's identity through either:
- Valid Licences or government-issued ID documents (such as passports, driving licences or birth certificates), OR an official document issued within the last 6 months, which can include: Doctor's prescription, NHS letter, Utility bill, Department for Work and Pensions correspondence, Court of Protection order, Bank or Building Society statement, HMRC document, Local Authority issued document.
- The document(s) must include the vulnerable person’s full name and either residential address or date of birth.
- You will need to send a copy of the document(s) along with your completed application form.
3) Have a business or contractual arrangement to hold money that belongs to your clients, including when acting as Appointed Representative on behalf of a UK Money Laundering Regulated company or as an intermediary agent (e.g. Property Manager or Insurance intermediary).
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