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Designated Account for Trustees

The account behind your trusteeship, one transaction at a time.

You are the trustee; we are the banking infrastructure. Dedicated accounts for lawyers and professionals appointed as trustees for a one-time transaction or event: a real estate closing, a settlement, an escrow arrangement. Trustee as account holder, full segregation, and reporting that stands up to scrutiny.

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A trustee signing documents at a desk beside legal volumes and bound case files, city view through the window
Built for trust money, opened fast
1 transaction per account, by design
Trustee as account holder, fully segregated
Capabilities

The account behind your appointment.

Built for trustees banks don’t prioritize

Your trusteeship deserves better than a generic account.

We specialize in accounts for funds held by trustees. Our opening process is tailored to trusts for one-time transactions, supported by a team familiar with their requirements.

  • Opened fast, built specifically for trust money
  • Trustee as account holder, under our FASP license, with funds fully segregated
  • Statements and reporting your beneficiaries can rely on

Single-transaction integrity

One transaction. One trustee. One audit trail.

The trustee is the account holder and must authorize each payment to the relevant recipient. The scope is one transaction, with unified reporting.

  • Trustee as account holder
  • Scope fixed to a single transaction
  • Unified audit trail, fully reported
How it works

From instruction to ongoing reporting.

01

Trustee instruction.

Provide the trust terms, beneficiary list and asset details; we structure the account and the documentation.

02

Account set up.

The dedicated account is opened in the trustee’s name and the legal documents are signed. The trustee authorizes payments to the relevant recipients.

03

Beneficiaries registered.

Digital KYC for all beneficiaries; each registered with PEaX access where appropriate.

04

Ongoing reporting.

Distributions, statements and reporting managed through PEaX for the life of the trust.

FAQ

Common questions

Direct answers on trustee accounts for professionals.

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Who is this account for?
Lawyers and professionals who serve as trustees for a one-time transaction or event, such as a real estate closing or a settlement, and whose main business is not trusteeship. You hold the appointment; we provide the segregated account, the payment rails and the reporting underneath it.
Is this a trust service?
No. This is an account service under our FASP license, with funds fully segregated and no trust layer: you are the trustee and we provide the account. Trust services, where Psagot Equity itself acts as trustee, are a separate part of the house.
Can this hold a family trust or a long-term private trust?
No. These accounts serve trustees of one-time transactions and events: a real estate closing, a settlement, an escrow arrangement. Long-horizon family or estate trusts have different needs, and this account is not built for them.
How is this different from Psagot Equity’s trust services?
Here you are the trustee and we are your banking infrastructure. In our trust services, Psagot Equity itself acts as trustee. Some clients start here and later hand the trusteeship to us; both doors are open.

Related accounts and services

When you’d rather we act as trustee

Appointed as trustee and need the account? Talk to our team. We move at deal speed.

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