Private banking for trusts
Banking, deposits and investment advice for trusts
Weatherbys Private Bank provides banking, lending, deposit and wealth management services to trustees of UK trusts and trusts with a UK nexus.
Through a dedicated private banker, we work closely with trustees to help simplify administration, support effective governance and provide a highly personal service tailored to the needs of each trust.
The trusts we work with
We support a wide range of trust structures, including:
- Discretionary trusts
- Bare trusts
- Interest in Possession (IIP) trusts
- Revocable trusts
- Family trusts and other private trust arrangements
- Trusts connected to the UK through beneficial owners or UK assets.
How we support trustees
Banking and cash management
We provide dedicated trust bank accounts alongside day-to-day banking services designed to support the effective administration of trusts.
Deposits and savings
Trusts can access the same competitive deposit rates available to our private banking clients, helping trustees make the most of cash reserves while maintaining flexibility.
Lending solutions
We can support borrowing, specifically where residential property is offered as security, providing tailored lending arrangements where appropriate.
Investment advice
Through our investment and wealth advice service, trustees can access professional advice focused on:
- Long-term stewardship of capital
- Well-diversified portfolios
- Cost-conscious investing
- Advice-led planning aligned to trustee responsibilities
Why trustees choose Weatherbys
A long-established understanding of trusts
Trusts have formed an important part of our clients’ financial affairs for many years. We understand the structures, responsibilities and complexities involved, allowing us to deliver a smooth and efficient experience.
A highly personal service
We deliberately work with fewer clients than many larger institutions. This allows us to build meaningful relationships and gain a deeper understanding of the families, trustees and objectives behind every trust we support.
Solutions tailored to your needs
No two trusts are the same. We take the time to understand your specific requirements and create a banking arrangement that works for your trust and its beneficiaries.
No investment asset requirements
Unlike many providers, we are happy to provide banking, deposits and cash management services without requiring trustees to place assets under management with us.
A joined-up approach
Where appropriate, our banking and investment specialists work together to provide trustees with a coordinated service supported by a clear understanding of the wider family picture.
Speak to us about trust banking
As a family-owned institution, we understand the value of building lasting relationships based on trust, continuity and personal understanding. Our experience supporting trustees, combined with our ability to see the wider family picture, enables us to provide a service that is both practical and personal.
Whether you are establishing a new trust banking relationship or looking for a more responsive alternative, we would be pleased to discuss how we can help.
What you need to know
Tax laws may change and taxation will vary depending on your own personal circumstances.
Investments can go up and down in value and you may not get back the full amount you invest.
Our trust specialists
FAQs
Yes, we can support offshore trusts where there is a clear UK connection, such as a UK-based beneficial owners or UK situs assets.
No. We can provide banking, deposits and cash management services without requiring trustees to place investment assets under management with us. Where appropriate, trustees can also access our investment and wealth advice service, supporting long-term capital stewardship, diversified portfolios and advice aligned to their responsibilities.
Trustees are supported by a dedicated private banker who takes the time to understand the trust structure, objectives and wider family circumstances.
Yes. We regularly speak to trustees and families who are looking for a more responsive banking relationship or need support following changes to their existing banking arrangements.
We always start with a conversation to discuss the requirements and understand whether Weatherbys is the right fit for their trust banking needs. We then work closely with trustees to understand the trust structure, beneficiaries, signing authorities and due diligence requirements, helping to make the onboarding process as smooth as possible.
Trustees are responsible for checking whether their trust needs to be registered with HMRC for UK tax reporting. Visit https://www.gov.uk/guidance/check-if-you-need-to-register-a-trust for guidance on registering a trust to understand whether registration may be required and what information may be needed.