All Topics / Help Needed! / What bank should I open my trust with?

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  • Profile photo of DalkuiDalkui
    Participant
    @dalkui
    Join Date: 2022
    Post Count: 0
    September 15, 2022 - 4:09 pm

    Hello all, just wondering if anyone has any advice on what bank I should go with to open my corporate trustee/trust account.
    I’m looking for buy and hold deals only if that changes anything.
    I was in the process of opening one with ING but have decided against it for various reasons.
    thanks heaps, regards Dallas

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 3, 2022 - 3:36 am

    If the trustee is going to borrow money it might as well open an account at the same bank it gets its loan from – ideally an offset account.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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