ING Privalis Services
Are you a first-year trainee lawyer?
- Discover the special conditions of Privalis for trainee lawyers.
- Order your professional business cards free of charge (FR) when you open a lawyers account.
Accounts for lawyers
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.
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.
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.
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.
Accounts under management
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).
Contact your Business Developer Privalis Services for more information.