South Africa
Third-Party Fund Admin
Manage funds for multiple accounts from a single bank account that offers competitive rates on term deposits, top-notch security and automated facilities.
Some of the benefits
Convenience
Set up multiple accounts from your desk
Competitive rates
Make term deposits online at wholesale rates
Auto collections
Automate admin fee collections on all accounts
Secure
Access is secured through the use of unique user ID’s, tokens and passwords
What you get
- Interest calculated on full balance of accounts
- Term deposits of 32 days to 5 years on all accounts
- Multiple release capabilities
- Inter-account transfers and electronic payments
- Balances, statements, VAT invoices
- System reports for admin and closing
- Dedicated account executive and support team
- Electronic property guarantees for attorneys
WHO IT’S FOR
Each industry has specific qualifying criteria and facilities.
- Asset managers
- Attorneys
- Accounting firms
- Debt collectors, liquidators and sheriffs
- Estate and fund administrators
- Estate agents and property managers
- Fresh produce agents
- Share traders
WHY IT’S SAFE
- User and operator IDs, tokens and passwords
- User, operator, beneficiary and transaction limits
- Segregation of duties for specific roles
- Usage statistics to view, print or download
- Automated functions to avoid manual input errors
- Audit trails for monitoring access and usage
- 128-bit encryption technology
How to get it
If you already have a Business, Trust or Executor account
- Speak to your business banker
You’ll need to be a registered attorney taking stewardship of third-party funds, and comply with Section 68(1) of the Legal Practice Act of 2014.
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What you get
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WHO IT’S FOR
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WHY IT’S SAFE
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How to get it
- Interest calculated on full balance of accounts
- Term deposits of 32 days to 5 years on all accounts
- Multiple release capabilities
- Inter-account transfers and electronic payments
- Balances, statements, VAT invoices
- System reports for admin and closing
- Dedicated account executive and support team
- Electronic property guarantees for attorneys
Each industry has specific qualifying criteria and facilities.
- Asset managers
- Attorneys
- Accounting firms
- Debt collectors, liquidators and sheriffs
- Estate and fund administrators
- Estate agents and property managers
- Fresh produce agents
- Share traders
- User and operator IDs, tokens and passwords
- User, operator, beneficiary and transaction limits
- Segregation of duties for specific roles
- Usage statistics to view, print or download
- Automated functions to avoid manual input errors
- Audit trails for monitoring access and usage
- 128-bit encryption technology
If you already have a Business, Trust or Executor account
- Speak to your business banker
You’ll need to be a registered attorney taking stewardship of third-party funds, and comply with Section 68(1) of the Legal Practice Act of 2014.
Tips and guidance
Getting started
Getting started
Learn to make the most of your new card.
Managing your business
Managing your business
Growing your business
Growing your business
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Registering for chat services
Registering for chat services
Speak to your banker anytime through social media.
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Business Current Account
Run your business with a business bank account that lets you manage your money and transact 24/7 from your Banking App or Internet Banking. Our business current account gives you access to secure electronic transfers, pre-paid purchases and payments, and allows you to boost your business’s cashflow with tailored business lending solutions.
Attorney Trust account
Manage client funds in trust with a bank account that ticks all the legal boxes while earning interest.