Streamline the way you manage your clients' funds
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Deposits
Clients' Monies Service
How we could help your business
Client Monies' Service (CMS) is a secure, easy-to-use, virtual account system that helps you manage third-party funds.
The service allows you to identify and manage money belonging to each client without the need for separate bank accounts. It also lets you transfer funds electronically to and from your clients’ accounts.
CMS client accounts are:
- Separate deposit accounts held by us
- Identified by a client reference number
- Instant access - you can move money freely without providing any notice
CMS lets your administrators control user access, tailored to the needs of your organisation. Authorised staff access the system using their unique User ID and pin/password.
Easy client management
Self-serve all aspects of your client account management, with accounts opened and closed instantly.
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Real-time reporting
Easy access to reports on transactions, balances, and interest, helping you track everything in real-time. Statements and certificates of interest are available.
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Keeps you compliant
Clients' Monies Service helps you comply with professional obligations and provides a full electronic audit trail of transactions.
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Safe and secure
Nominated administrators control access to the portal by allocating roles and privileges to individual members of your team.
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Automatically calculate and pay interest to clients
Define the interest allocation rules to reduce your own admin.
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For clients who:
- need to manage and service funds on behalf of clients
- have the need to regularly open and close client accounts
- will use the service to manage a minimum of 25 client accounts, or balance of £300,000
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Considerations
Eligibility is subject to a pre-account opening check.
If you're managing fewer than 25 client accounts, Client Deposit Manager may be more suitable for your business.
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How to apply
Give us a call on 0345 900 0652
Relay UK Service: 18001 0345 900 0652
For more information on accessibility, visit our accessibility webpage.
We'll need details of your business (name, address and contact number) and to see proof of identity for all the parties to the business account. If you run a limited company, we will also need your company’s certificate of incorporation.
Further checks may need to be completed during the registration.
Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.
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Already using CMS?
If you're an existing customer of our Clients' Monies Service (CMS), click the button below to login.
You can find training material on how to set up and use the Clients' Monies Service at our dedicated Clients Monies Service support hub.
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