Professional Trustee Account
Secure your clients’ funds with confidence.
Under the Retail Payment Activities Act (RPAA), Payment Service Providers (PSPs) may now be required to safeguard end-user funds. This may be accomplished by establishing an express trust and opening an account with a recognized financial institution to hold end-user funds in trust.
At Peoples Trust, we offer our Professional Trustee Account to help PSPs manage and safeguard client funds with confidence and ease. Our purpose-built accounts are designed to help you meet your compliance needs while providing a secure and efficient way to hold client funds.
Key Product Features:
- Dedicated Safeguarding: Our accounts are structured to segregate client funds from your operating funds, providing you with the tools and functionality you need to comply to industry regulations.
- Purpose-Built Structure: We provide a ready-made structure to help you meet the compliance and safeguarding requirements of the Retail Payment Activities Act (RPAA).
- Integrated Technology: Our platform includes tools and APIs that allow for the seamless organization and transfer of funds.
Partner with Peoples Trust for a trusted solution that facilitates compliance and operational efficiency, so you can focus on growing your business.
Ready to get started?
Contact us today at [email protected] to learn more about our Professional Trustee Account.