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
-
WHO IT’S FOR
-
WHY IT’S SAFE
-
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.