Trust Accounts

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Notice: Please be advised that due to ongoing labour disruptions at Canada Post, there may be delays in mail delivery. As a result, this may impact our ability to process and deliver certain services.
If you are affected and need to discuss alternative methods to serve you better, please click here to contact us.
Please note that call wait times may be longer than usual. We appreciate your patience and understanding.
Attention: Notez qu’en raison d’une interruption de travail à Postes Canada, il pourrait y avoir des retards dans la livraison du courrier. Par conséquent, cela peut avoir une incidence sur notre capacité à traiter certaines transactions et à fournir certains services.
Veuillez cliquer ici pour communiquer avec nous si cette situation vous affecte ou si vous voulez discuter d’autres façons de mieux vous servir.
Prenez note que les temps d’attentes pourraient être plus longs que d’habitude. Nous vous remercions de votre patience et de votre compréhension.

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.