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.

 

About this Agreement

These Account Conditions detail the specific terms which apply to the Account. These Account Conditions, together with the Application Form, the relevant Customer Relationship Agreement and the Confirmation we will send to you (referred to collectively as the "Agreement"), govern the relationship between us and you.

 


Money Market Call Account in US Dollars held with Trust International Premier Bank, as indicated in your Application Form. The Account as detailed in the Table of Accounts in the Trust International Premier Bank Customer Relationship Agreement.

Section 1 – Definitions

  • 1.1 Definitions

  • In these Account Conditions, the following words have the following meanings.

    Account: means each

  • Call Account in a currency other than Sterling, US Dollars or Euros held with Trust International Premier Bank, as indicated in your Application Form. The Account as detailed in the Table of Accounts in the Trust International Premier Bank Customer Relationship Agreement.
  • Account Conditions: the conditions contained in this document, which relate to the Account.

    Application Form: the application you have made to us to open the Account.

    Customer Relationship Agreement: the agreement between us and you, of the same title, which is available on our website trustipbank.com and as may be requested by you at any time by contacting us.

    Minimum Opening Balance: £50,000, US$50,000, €50,000 or for an Account denominated in any other currency, such amount as we advise you when you enquire about or apply for the Account.

    We/Usmeans Trust International Premier Bank or Trust I.P.B. if you have an Account in the Trust Group.

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 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 If you do not satisfy the eligibility criteria for the Account at any time, we reserve the right to refuse to open the Account or to close the Account if already opened, in accordance with the relevant Customer Relationship Agreement.

Section 3 – The Account

  • 3.1 - Currency, funding and fees

  • 3.1.1 The Account will be denominated in a single currency of your choice of Sterling, US Dollars, Euros or any other currency available at the time you apply for the Account, as confirmed to you in your welcome letter.
  • 3.1.2 The Account requires you to make an initial deposit of at least the Minimum Opening Balance, upon opening the Account.
  • 3.1.3 There may be charges for particular banking or other services we provide. We may also charge you for making deposits, withdrawals, transfers and/or payments. By making a deposit or withdrawal or instructing a transfer and/or payment 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 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 Statements at the address specified in the relevant Customer Relationship Agreement.

 

  • 3.2.2 Deposits cannot be made in cash, only to Platinum Service Accounts may be eligibly.
  • 3.2.3 Direct Debits, and bill payments from the Account are not available, some services are available only to Platinum Service Accounts.
  • 3.2.4 Provided you have sufficient funds in your Account, and subject to condition, 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.
  • 3.2.5 Your payment, transfer or withdrawal request may be made through Telephone Banking or Internet Banking (if you are registered for these services), or by writing to us at the Trust International Premier Bank at the address specified in the relevant Customer Relationship Agreement. 

 

  • 3.3 - Interest

  • 3.3.1 You will begin to earn interest on your Account from the date we receive 'cleared funds', into the Account, subject to condition 'Cleared funds' are funds that are in your Account and available for you to use.
  • 3.3.2 Interest will be paid on credit balances at the variable rate for the Account. 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'. 

 

  • 3.4 - Where interest is payable by us 

  • 3.4.1 for Accounts in Sterling, US Dollar and Euro Accounts we will pay interest monthly on the 9th of each month; and/or
  • 3.4.2 for Accounts in any other currency we will pay interest twice a year on 1 January and 1 July.
  • 3.4.3 We will pay interest without deduction, unless otherwise required (i) by law or (ii) by you.
  • 3.4.4 If the interest payment date is not a Working Day, interest will be paid on the next Working Day.
  • 3.4.5 We will credit any interest payable by us to the Account, unless you instruct us to pay any interest to another Money Market Call Account or Call Account you hold with us, which must be in the same currency as the Account.
  • 3.4.6 For full information on our current interest rates please contact us.

 

Section 4 – Platinum Service

4.1 - Platinum Service Account

         4.1.1 You are automatically eligible if you open your account with a minimum deposit of $ 500.000 US Dollars.

         4.1.2  You can be eligible if you upgrade your account for this service, with a deposit of $ 500.000 US Dollars at any time

         4.1.3  You are eligible if your balance due a year period, as a deposit balance superior than $ 1.000.000 US Dollars

 

 

4.2 - 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