SMSF Bank Account Rules

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2 Comments

  1. Michael

    Hi

    If I change my smsf name can I keep the same bank account but just get the bank to change the title and provide legal details of the new trust title?

    Reply
    • Chris Strano

      Hi Michael,
      This is a good question. In theory it should be possible, because it would be akin to an individual changing their name and subsequently changing the name of their bank account. It is possible for a SMSF to change it’s name, so your only hurdle would probably be limitations on this process imposed by the bank itself.
      Let me know how you go.
      Chris

      Reply

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