3 docs tagged with "client money"

Our dedicated and pooled models only apply to safeguarding accounts and client money accounts.

Pooled safeguarding or client money accounts are used to hold money on behalf of multiple customers, also known as members of the pool. You are responsible for making sure membership of the pooled account is accurate and up-to-date.

This approach to opening bank accounts is being deprecated. If you are working on a new integration, or updating your existing integration, see opening a bank account.