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March 18, 2015 05:52:03 PM
In reply to Danielle, Shamong
That's a great question you asked, Danielle! We'll be more than happy to provide the information that you need to open an attorney trust account.
Attorney Trust accounts can be opened at any TD Bank location during lobby hours and you would need your client's Tax ID Number for the account opening process. However, if you are holding multiple clients' funds in one account, you would use your own Tax ID Number. Please note that if you are opening a consolidated account for multiple clients, this account cannot be interest bearing. The law office will be the primary owner of the account and you, as the attorney, would be the authorized signer. We'd like to also point out that state laws require that the account title include one of the following on all account titles, trust checks and deposit slips:
-Attorney Trust Account
-Attorney Escrow Account
-Clients' Funds Account
Feel free to stop by any one of our convenient locations during lobby hours; click here: http://bit.ly/TDStores for hours and locations near you. If you should have any additional questions, give us a call 24/7 at 888-751-9000.
Hope this helps and enjoy the rest of your day, Danielle!
Katherine G, Mount Laurel
March 18, 2015 05:53:37 PM