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Wherever you are on your business journey, our dedicated Business Bankers can help. Find out more and enquire today!
What is a formal trust?
A trust is a formally documented legal arrangement where a trustee holds and deals with assets on behalf of, and for, the benefit of a beneficiary. The trustee(s) can be a company or individual(s). Unlike a company a trust is not a legal entity. A formal trust deed is required.
Follow the steps below to learn how to set up a trust fund with People's Choice.
Step 2. Get a head start with your business account
Download a copy of the application forms below and fill in your details to get a head start on your business account. Be sure to have the documents handy when getting in touch with us.
Business membership application
Click the link below to download the application form. All trustees must sign the membership application form.
ABN
We'll also need the Australian Business Number (ABN) of your Trust. ABN not to hand? Look it up on the Australian Business Register.