ING Privalis Services

With 18 branches in the main law courts in Belgium, ING's Privalis services are always close by, right where you work.

The Privalis team is familiar with the secrets of the legal profession and can offer solutions that are perfectly aligned to your needs and to the situations you are faced with in your profession.

Lawyers third-party accounts

The Lawyer third-party account is a must-have for every lawyer. This is the account on which you receive funds from customers or third parties to pass on to other parties. It allows you to make a clear distinction between your own assets and third-party funds.

Debt negotiation account

The lawyer acting as mediator collects the income of the person who has debt problems. This allows you to distribute the income between the various creditors and the debtor.

Bankruptcy account

The bankruptcy account is a sub-account for the receiver to deposit all recovered funds from a bankruptcy. The money remains on this account until it is distributed among the creditors.

Consignment account

A consignment or escrow account is opened in the name of 2 or more lawyers representing their respective customers involved in litigation with each other. The funds are temporarily deposited into this account pending the court's decision. After the decision the funds are allocated to one of the parties or distributed among the parties.

Case account

A case account is opened at the request of a lawyer during an on-going court case for the purpose of depositing funds in relation to the case in question.

An account under management is an account opened on behalf of a person whose affairs are placed under provisional administration by court order. The designated provisional administrator applies for the account to be opened.

Several variations are available, satisfying every need you may encounter: the current account under management, your “day-to-day” current account, savings accounts under management (offering a high base rate or generous fidelity premium), the invest account under management (to which you can link a securities portfolio in the event the person in interim receivership owns securities).

Read more about the CRS regulation

Do you want the best return on your cash reserves? ING offers a wide range of flexible savings plans with a high return in the short or long term.

Already an ING Privalis client? ING is pleased to offer you a complete range of payment methods along with other services perfectly suited to the needs of legal professionals. The Courts Service Coupon, for instance, simplifies your court cost payments while our flexible accounts and bank cards simplify life considerably for you and your clients whose finances are placed under provisional administration.

Registry coupons are covered by a confirmed bank guarantee.

In addition to a credit card for professional use, ING MasterCard Business, ING also offers a debit card specifically tailored to the legal profession:

LimiCard

The LimiCard is a debit card with limits on services and spending limits.

It is granted by an interim receiver or debt negotiator to a person under interim administration, or to a debtor involved in a debt mediation. Thanks to the LimiCard, this person can make withdrawals in euro at all Self’Banks in Belgium, with a minimum of 20 euros* per withdrawal in euro. The person thus has a secure, practical tool for everyday expenses.

Each LimiCard has a customised withdrawal limit in euro. This limit is set by the lawyer granting the LimiCard. They may change this withdrawal in euro limit at any time.

*Withdrawals in euro of a minimum of 20 euros, and then in tranches of 5 euros with a maximum of 500 euros.

Find a Self'Bank in your area.

Contact your Business Developer Privalis Services for more information.