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CBILS

Paid into client account?

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A client has proposed that a loan we are helping them apply for is paid into our client account, I deduct the balance owing to us and transfer the remainder to them. 
 

I suspect the answer is 'no', but are the bank likely to pay the money into one account and have the DD repayments set up from another (ie the client's own account)?

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RLI
By lionofludesch
26th Mar 2020 22:55

I vote no.

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By Duggimon
27th Mar 2020 09:13

The bank would probably be the best people to ask, but they're unlikely to post here. In their absence I also vote no.

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