Business Custodial Account

For businesses looking to receive funds from clients and to pay suppliers both domestically and abroad.

The Trust department of Medici Bank offers multiple types of Custodial accounts. In each and all, funds are held in fiduciary trust by the Medici Custody Trust for the benefit of the client. Funds in custody are never used by the bank for making loans or investments. Which account is appropriate for you depends on your specific need. In some cases, you may opt for multiple custodial accounts. Presently, Medici offers three custodial accounts: Trust, Pool, and Escrow.
* Medici Bank is neither a broker nor a financial advisor and does not provide any advice regarding financial investments.

Save time by gathering your information in advance:

  • Business tax ID number (EIN)
  • Proof of business address (recent utility bill)
  • Proof of formation (Articles of Incorporation)
  • Your valid government ID (passport, license)
  • Your personal tax ID number (SSN)

Prohibited Business Industries & Countries

Medici Bank can provide accounts to people and businesses from over 150 countries around the world--but not some countries. Apply only if you are not a citizen of nor resident of a listed country.


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