- olorinsledgeMember@olorinsledgeJoin Date: 2003Post Count: 50
Got a question regarding opening a bank account for a Trust.
I’ve got a company (ABC Pty Ltd) as trustee for a discretionary trust (XYZ Trust) – now, in whos name should the bank account be opened?
Any help would be greatly appreciated!byronent_2Participant@byronent_2Join Date: 2004Post Count: 337
Name of the trust
Adelaide SAp0sitiveCasHfl0wMember@p0sitivecashfl0wJoin Date: 2003Post Count: 133
Bank account name should be in the form:
ABC Pty Ltd As Trustee For XYZ Trust
Who took my MONEY[?]TerrywParticipant@terrywJoin Date: 2001Post Count: 16,213
The later. It can’t be in the trusts name as it is not a legal entity.
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