Author Topic: Which bank do you recommend for a trust account?  (Read 1136 times)

Online AsherO

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Which bank do you recommend for a trust account?
« on: March 23, 2023, 10:00:51 PM »
Looking to open a bank for a trust (personal living trust) account. Which banks do you recommend and why?

Had a Chase account but they decided to A/A the account.

Citibank seemed to be a good fit but they’ve dragged their feet for a week and the account still isn’t open.

Bonus points if you can recommend a banker in NYC that has experience with these and can get an account opened quickly and painlessly.

Thanks!
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Offline aygart

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Re: Which bank do you recommend for a trust account?
« Reply #1 on: March 23, 2023, 11:30:43 PM »
A month ago I would have told you Signature
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Online AsherO

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Re: Which bank do you recommend for a trust account?
« Reply #2 on: March 23, 2023, 11:31:50 PM »
A month ago I would have told you Signature

What about now they they’re being swallowed by NYCB?
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Offline aygart

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Re: Which bank do you recommend for a trust account?
« Reply #3 on: March 24, 2023, 12:20:02 PM »
What about now they they’re being swallowed by NYCB?
It somewhat remains to be seen. NYCB was never a big player on the deposit side. That is part of what they are looking to get out of the transaction. If they give the Signature team enough room to work they should be very good, but that remains to be seen.
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