TRUST INTERNATIONAL PREMIER BANK | Other products

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If your Account is held in the U.S.A, your Agreement in Trust International Premier Bank. Please note any new Trust International Premier Bank Accounts will be opened at our International Branches. If your Account is held in Europe, your Agreement is Trust International Premier Bank (Europe). These contact details are also set out at Appendix 2 of the relevant Customer Relationship Agreement, as described below.
 
Section 1 - About this agreement

 
These Account Conditions detail the specific terms which apply to the Account.
These Account Conditions, together with the Application Form and the relevant Customer Relationship Agreement (referred to collectively as the "Agreement"), govern the relationship between us and you.
If your Account is held with Trust International Premier Bank, you should read these Account Conditions alongside Trust International Premier Bank (Europe).
 
In the event of any conflict between these Account Conditions and Trust International Premier Bank, these Account Conditions will apply.

 


If your Account is held Trust International Premier Bank (Europe) you should read these Account Conditions.

Section 2 – Eligibility criteria

  • 2.1 You will only be eligible for the Account if the law or regulations in your home country or country of residence do not prohibit you from entering into the Agreement.
  • 2.2 In addition to condition 2.1, other eligibility criteria may apply to the Account. We will make you aware of any additional eligibility criteria when you enquire about or apply for the Account.
  • 2.3 You must advise us of any change in the information that you provided to us in the Application Form or as part of the application process at any time, as this may mean that you are no longer eligible for the Account.
  • 2.4 We may change the eligibility criteria for the Account from time to time. In such circumstances, we will notify you of the changes to our eligibility criteria in accordance with the relevant Customer Relationship Agreement.
  • 2.5 We will undertake reviews regularly and if you do not satisfy the eligibility criteria for the Account at any time, we reserve the right to:
  • 2.5.1 refuse to open the Account; or
  • 2.5.2 if the Account is already opened and to the extent that you meet the eligibility criteria for the International Account, convert your Account into an International Account upon not less than two months' notice to you (see Section 4 below); or
  • 2.5.3 close the Account, in accordance with the relevant Customer Relationship Agreement.

Section 3 – The Account

  • 3.1 Currency, funding and charges

  • 3.1.1 The Account will be denominated in a single currency of your choice of Sterling (Accounts with Trust International Premier Bank only), US Dollars, or Euros. In accordance with the eligibility criteria applicable to your Account, minimum funding requirements in the selected currency may be specified. If you fail to meet the funding requirements notified to you within the time provided this will be regarded by us as a serious breach of this Agreement entitling us to exercise our rights under clause 2.5 above.
  • 3.1.2 Provided that you continue to satisfy the eligibility criteria applicable to the Account from time to time, no monthly fee shall be payable. However, there may be charges for particular banking or other services we provide at your request. For instance, we may charge you for making deposits, withdrawals, transfers and/or payments. By making a deposit or withdrawal or instructing us to make a transfer you agree to pay any charges which apply. For information on our standard fees please see our banking charges guides, and for other charges please contact us, visit our website or contact your relationship manager if you have one. Any changes to our fees will be notified to you in accordance with the relevant Customer Relationship Agreement.
  • 3.2 Deposits, payments, transfers and withdrawals

  • 3.2.1 If you have a US Dollar or Euro Account:
  • 3.2.1.1 You may make a deposit into your Account:
  1. from another Trust I.P. Bank Group account through Telephone Banking or Internet Banking (if you are registered for these services);
  2. from any other account by electronic funds transfer; or
  3. by sending a personal cheque or bank draft, together with your account details, to us at the Trust International Premier Bank at the address specified in the relevant Customer Relationship Agreement.
  • 3.2.1.2 Deposits cannot be made in cash, only to Platinum Service Accounts may be eligibly.
  • 3.2.1.3 You may set up a standing order, but not a Direct Debit. Cash withdrawals are only permitted from cash machines
  • 3.2.1.4 Cash Withdrawals is available to Platinum Service Accounts if eligibly.
  • 3.2.1.5 Provided you have sufficient funds in your Account, and subject to condition
  • 3.2.1.6 you may make payments, transfers or withdrawals from the Account, subject to any applicable limits, to an account held by you or someone else, either with us or another bank, or request payment by way of a bank draft.
  • 3.2.1.7 Your payment or transfer request may be made through Telephone Banking or Internet Banking (if you are registered for these services), by writing to us at the Trust International Premier Bank at the address specified in the relevant Customer Relationship Agreement, or through your relationship manager if you have one.
  • 3.3 Interest

  • 3.3.1 If interest is payable, you will begin to earn interest on your Account from the date we receive 'cleared funds', into the Account. 'Cleared funds' are funds that are in your Account and available for you to use.
  • 3.3.2 We calculate interest daily and the amount of interest you receive will depend on the credit balance of your Account. Interest is only paid on 'cleared funds'.
  • 3.3.3 Where interest is payable we will pay interest monthly on the 9th day of each month.
  • 3.3.4 Interest is paid without deduction, unless otherwise (i) required by law or (ii) requested by you.
  • 3.3.5 If the interest payment date is not a Working Day, interest is paid on the next Working Day.
  • 3.3.6 We will credit the interest to your Account or, where you ask us in writing, to another account in your name at the same branch.
  • 3.3.7 For full information on our current interest rates please see the interest rate guide for this Account, contact us or visit our website.
  • 3.4 Overdrafts

  • 3.4.1 We may agree to provide you with an overdraft on a Sterling Account. Further details of overdrafts, including Planned Overdrafts and Unplanned Overdrafts, are set out in the Trust International Premier Bank Customer Relationship Agreement and the Trust International Premier Bank (Europe) Customer Relationship Agreement. Details of current interest rates can also be found in our interest rate guide. A Planned Overdraft is also available for a US Dollar Premier Account and the Euro Premier Account.
  • 3.4.2 The charges and the amount of interest you have to pay for an overdraft depend on whether it is a Planned Overdraft or an Unplanned Overdraft.
  • 3.4.3 When your Sterling Account goes into Unplanned Overdraft (but not when we increase one you already have), we will write to tell you we have agreed to it, but we will ignore any Unplanned Overdrafts which are repaid by the end of that day when our accounting systems are updated (this is not usually before 8pm). We only provide Unplanned Overdrafts for a limited period and we will tell you when you must repay one. Your Unplanned Overdraft will in any case end as soon as you have available funds again in your Account (but this does not stop you requesting a new Unplanned Overdraft in future).
  • 3.4.4 Where interest or fees are payable by you to us for a Planned Overdraft or an Unplanned Overdraft, we will debit any monthly interest on the 9th day of each month from the Account. If the interest payment date is not a Working Day, interest will be debited on the next Working Day.

Section 4 – Conversion to the International Account

  • 4.1 If your Account is converted into an International Account in accordance with 2.5.2 above ("Conversion"), your Account number and Sort Code will remain the same after Conversion.
  • 4.2 In the event that your Account is converted into an International Account, it shall, from such point and subject to any subsequent reversion to a Premier International Account in a case where the relevant eligibility criteria are once again met, be governed by the International Account Conditions which are contained in this Account Conditions booklet.
  • 4.3 In the event of Conversion we will set out in the notice that we send to you details of the eligibility criteria and benefits applicable to your International Account.

Section 5 – Ancillary Services

  • 5.1 We may offer different benefits packages (covering various insurance or other benefits) with the Account, which may vary from time to time and may be provided by third parties. We will tell you about these benefits packages when you apply to open the Account. These benefits packages (including any related charges which may be debited from the Account) will be governed by separate Terms and Conditions. Depending on the type of benefit, these separate Terms and Conditions will either be issued to you by us when you complete your Application Form or will be issued to you directly from the third-party supplier.

Section 6 – Applying to Platinum Service

  • 6.1 - Platinum Service Account

  • 6.1.1 You are automatically eligible if you open your account with a minimum deposit of € 500.000 Euros.
  • 6.1.2 You can be eligible if you upgrade your account for this service, with a deposit of € 500.000 Euros at any time
  • 6.1.3 You are eligible if your balance due a year period, as a deposit balance superior than € 1.000.000 Euros

 

  • 6.2 - Platinum Service description

  1. Personal Bank Manager
  2. Cash deposit Management anywhere in the world, if eligibly. (in some countries are unavailable)
  3. Cash withdrawal Management anywhere in the world, if eligibly. (in some countries are unavailable)

Please see other premier account conditions