Maximise interest and diversify your cash

To open an account, all the beneficiaries must be:

• Over 18 years old (unless in the case of a trust)
• UK citizens
• Permanent UK residents (residency permit will be required where the client is not a UK citizen)
• UK incorporated legal entities or arrangements
• UK tax-payers

Please note we cannot open accounts for any individuals living outside the UK or US Persons submitting tax returns to the US Inland Revenue Service (IRS).

We offer over 26 client types, including corporates, charities, trusts, power of attorney, court of protection, SIPPs, SSASs, and more.

We require appropriate verification of identity and address for personal customers. For legal entities or arrangements, we need identification and verification of beneficial owners, controlling parties, and business activities. Evidence of the source of funds and assessment of source of wealth are also necessary. Additional information or documentation may be required to meet regulatory requirements.

No, you do not need to change your current daily banking relationships, unless you have accounts with a provider not on appearing on the Bank of England’s list of authorised banks.

You can deposit and place surplus cash on our platform while keeping day-to-day transactions with your existing banking provider.

We offer US dollar and Euro accounts across our individual, joint, corporate, charity and trust accounts.

We accept paper application forms, although processing may take longer to process.

We conduct anti-money laundering checks on all clients as required by banks the law and regulations that apply to us.

Client data, including personal and organisational information is encrypted using proprietary encryption methods. All Personal data is encrypted when data is at rest and access is only permitted to authorised personnel.

Access to the Cash Management Platform is secured using Strong Customer Authentication (SCA username, password, and PIN code sent to registered mobile).

Our only charge is the annual account service fee, which is based on the total deposit, which is due monthly in arrears. There are no other fees for the Insignis Cash service.

Once a client deposits funds into their Hub account, we set aside the annual account service fee and draw down monthly payments in arrears from this fee reserve account. We charge a minimum of one quarter of the fees, after which fees are charged pro rata. While the funds are in the fee reserve, they remain in the client’s name. There are no other fees for the Insignis Cash service.

Funds can take up to one business day to appear in the Insignis Cash Hub account, provided they come from the client’s linked account with the correct reference. Clients receive an email notification once the funds are available to be placed.

You can have as many people as you would like with ‘view only’ access on the account and these individuals can be added once your Insignis Cash account is opened. In addition, when completing your application, you can choose to have either one (single authority) or two (dual authority) on the account. This/these individual/s will be responsible for adding, moving, and withdrawing funds from the Insignis Cash platform.

You can open an Insignis Cash account for a holding company as well as trading companies.

You can open multiple Insignis Cash corporate accounts for your different businesses, however, you will need to have separate email addresses for each account.

We offer multiple account types, including, but not limited to, individual, joint, charity, trust, and pension accounts. Please get in touch with
info@insigniscash.com if you would like to open a second account.

We don’t charge the banks or building societies that offer products on the Insignis Cash platform, meaning the client receives the full interest rate that the bank is offering. The only fee for the Insignis Cash service is out annual account service fee, which is based on your total deposit.