Client Money account
Subject to your Relationship Agreement with the Bank.
Subject to your Relationship Agreement with the Bank.
- The Client Money account is available to regulated UK & non-UK domiciled companies for the purpose of holding or controlling client money in line with CASS, CMP and SRA regulations.
- Eligible clients: Investment Managers, Stockbrokers, Insurance Brokerages, Financial Advisers, Professional Services
- More detailed eligibility criteria are available on bankoflondon.com/legals/eligibility
To open your account:
- You can open your account using our digital onboarding process at bankoflondon.com or for existing customers you can register your interest via our online banking service.
- Your application must be signed in accordance with the articles of association, partnership agreement, limited liability partnership agreement or other constitutional documents of your company. You must have the authority to open an account on behalf of the company and obtain consent from the owners and directors of the business.
- We will do the appropriate data checks of the owners and directors of your business to validate their identity.
To manage your account:
- The account can be managed using our online banking service. secure.bankoflondon.com/login
- You can instruct withdrawals, view your balance and transactions through our online banking service.
- Should you wish to close your account please call Client Services (0330 165 9131).
- To request a withdrawal, simply log in to our online banking service - secure.bankoflondon.com/login
- Withdrawals can be made 24 / 7 / 365
Fees subject to your Relationship Agreement with the Bank.
- Physical and Virtual accounts
- Externally addressable (unique sort code and account number)
- Currency: GBP
- Money movement: in / out across domestic networks:
- Internal Transfer
- Faster Payments; Immediate, Future Dated & Recurring.
- Bacs: Direct Credit
- Bacs: Direct Debit
- CHAPS
- Confirmation of Payee (CoP)
- Client dashboard and monthly PDF bank statements.
- Distribution Channel: Banking Portal and Client API
- Can be Interest-bearing (BoE Bank Rate Tracker)
N/A
'Bank of London’, ‘The Bank of London’ and ‘TBOL’ are registered trading names of The Bank of London Group Limited. Our registered office is at 4th Floor, 77 Cornhill, London, EC3V 3QQ, United Kingdom. Our company number is: 12844788.
Bank of London is a bank authorised by the Bank of England’s Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority. Our Firm Reference Number or FRN is: 930379.
Eligible deposits with Bank of London are protected up to a total of £85,000 (or £170,000 for joint accounts) by the Financial Services Compensation Scheme (FSCS), the United Kingdom’s deposit guarantee scheme. Due to FSCS’s own eligibility criteria some clients may not be covered.
Client Money account v2.2-06022025