Client funds, payments on account and interest
Roscoe Reid LLP does not provide banking services and we will accept client funds only to the extent necessary to undertake professional services for you, and to hold money on account for anticipated costs and expenses including our own. Where Roscoe Reid LLP holds money in its client accounts, interest will be paid that is fair and reasonable for the whole period for which the client money is held. Roscoe Reid LLP holds client accounts with Barclays Bank plc. Interest payable will be calculated by reference to the rate set by Barclays Bank plc which is a variable rate subject to change. No interest is payable if the amount calculated on the balance held is £20 or less. In the event of a negative balance you will be required to reimburse any charge for which we become liable.