Cheque signatories and withdrawals from client account
Produced in partnership with Institute of Legal Finance and Management
Cheque signatories and withdrawals from client account

The following Practice Compliance guidance note Produced in partnership with Institute of Legal Finance and Management provides comprehensive and up to date legal information covering:

  • Cheque signatories and withdrawals from client account
  • Key terms
  • Regulatory requirements
  • Withdrawals in your favour
  • Payments from client account
  • Who is appropriate person?
  • Withdrawing against uncleared funds
  • Withdrawals policy
  • Systems and controls

The SRA AR 2011 require specific authority for a withdrawal from client account by an appropriate person. This practice note aims to help you consider who should have authority to authorise withdrawals from client account and what to consider when formulating procedures for client account withdrawals

Key terms

Manager sole practitioner or a partner, member or director of a firm
SRA Solicitors Regulation Authority
SRA AR 2011 SRA Accounts Rules 2011

Regulatory requirements

A withdrawal from a client account can be made only after:

  1. a specific authority

  2. has been signed by an appropriate person or persons

  3. in accordance with the firm’s procedures for signing on client account

The authority to withdrawal from client account can be signed electronically, subject to appropriate safeguards and controls.

You must put in place appropriate systems and procedures governing withdrawals from client account, including who should be permitted to sign on client account. .

There is no need to comply with SRA AR 2011 r 21.1 when transferring money from one general client account to another general client account at the same bank or building society.

Withdrawals in your favour

A withdrawal