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How to open a trust account?

I run a small business offering sports holidays for children. I think the best option for me is to open a trust account to meet the Package Travel Regulations. However, I am struggling to find a bank that will open this type of account or anyone who knows what I mean when I say ‘trust account’ – can any other GTO recommend anyone? What is the best route to take?

Additionally, is there any specific bank I should approach who offer better deals for people wishing to organise group finances? I realise it can be quite a confusing subject for most GTOs so if anyone has any personal experience they can draw from to advise me, that would be great!

Lisa Kerr
Director
All Sports Club, London

Published on 31 Jul 2007