Trust Bank Account

[frodob]

When creating a trust, the trust has to have a bank account opened in its name. Does anyone know what kind of account this has to/can be? Does it have to be a business account, or could it be a personal savings account, for instance?

 

[Mars]

It needs to be some kind of transmission account.

I tried my damndest to get something other than a check account for my trust, but the banks refused me.

 

[frodob]

Thanks. By the looks of it, I need to go and speak to the banks, and compare their offerings.

 

[Freshy-ZN]

Business account.