From time to time we hold money for clients and others.  We do not make an administrative charge for the administration involved nor for payment by cheque but may charge for the electronic transmission of money.  This document sets out our current policy on the payment of interest on money that we hold.  Any changes in our policy are posted on our intranet.

which bank?

It is our policy to ensure that client money entrusted to the firm is held in the most appropriate bank accounts.  We continue to monitor our banks on a regular basis.  We also monitor the accounts held and interest paid, to ensure that we get fair market rates for monies held on clients' behalf.  Currently we choose accounts from one of the following banks;

  • HSBC
  • Barclays
  • Santander

interest policy

In view of current bank interest rates, it is no longer possible to obtain higher rates of interest on client monies by placing them in a Designated Deposit Account (DDA). Hence all monies will be held in a General client account in the name of 'Bevan Brittan LLP client account' and we will not place client monies in a DDA unless specifically requested to do so. All interest that accrues on monies held by us which has been placed on a DDA is automatically credited to the client balance. Monies held on our General client account will be credited with interest once the interest due exceeds £20.

further information

Should you require more information about either our bankers or accounts please liaise with your main Bevan Brittan LLP contact.  We will supply further interest breakdown or tax certificates upon request. 

 

Other important information

Key Information

Anti-bribery and corruption policy


Get in Touch

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collection and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone.
For more information on how these cookies work, please see our Cookies page.