How soon after a deposit into trust should a withdrawal be made?
A withdrawal from a trust account should only be made after the funds have cleared through the bank. If the law firm receives funds which are not either cash, certified cheque or money order, a cheque should not be written on behalf of that client until the funds have cleared the bank account. If funds are required to be disbursed reasonably quickly, a client should be asked to provide the law firm with some form of guaranteed deposit funds or confirmation sought from the bank.
