Weatherbys Account Types

Weatherbys offers a variety of account types tailored to meet the needs of individuals involved in horse racing and private banking. The main account types include:

• Private Bank Current Account: Designed for high-net-worth individuals, offering personalized banking services and access to investment and wealth management advice.

• Racing Bank Current Account: Specifically for racehorse owners, syndicates, and trainers, this account facilitates racing-related financial transactions.

• Multi Owner Account: Ideal for groups of owners, allowing them to manage shared racing finances efficiently. This account is available for syndicates, clubs, and racing partnerships.

• Fixed Term Deposit Account: A savings account that allows clients to earn interest on their deposits over a set term.

• Notice Accounts: Accounts that require notice before withdrawals, offering higher interest rates compared to instant access accounts.

Weatherbys Broker Account Opening Process

Opening a broker account with Weatherbys involves a straightforward process:

• Eligibility Assessment: Ensure you meet the eligibility criteria for the specific account type you wish to open, such as beneficial ownership requirements for multi-owner accounts.

• Documentation Submission: Prepare and submit necessary documentation, including identification and proof of address. For multi-owner accounts, additional documentation regarding the ownership structure may be required.

• Application Form: Complete the relevant application form for the chosen account type, providing all required personal and financial information.

• Verification Process: Weatherbys will conduct a verification process to confirm your identity and the source of funds. This may include onboarding processes for syndicates and partnerships.

• Account Approval: Once approved, you will receive your account details, allowing you to access online and mobile banking services.

• Initial Deposit: Fund your account according to the minimum deposit requirements, if applicable, and start managing your finances through Weatherbys' banking services.

For more detailed information, visit Weatherbys Private Bank.