Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a law firm use internet banking to perform their trust account and general banking transactions?

April 26, 2017account Banking Internet Banking law firm perform transactions Trust

0

Posted

Can a law firm use internet banking to perform their trust account and general banking transactions?

1 Answer

0

Posted

A law firm can set-up Internet banking to review balances, but all trust payments must be made with a cheque and all deposits require detailed duplicate deposit slips. It is not permissible to transfer funds from the trust bank using internet/electronic transfers.