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Is there any difference between a credit request and a trust request?
Is there any difference between a credit request and a trust request?
Maninder Kaur avatar
Written by Maninder Kaur
Updated over a year ago

Yes, there's a difference. A trust request puts money into a special account called a trust account, while a credit request puts money into the regular account that the law firm uses for its everyday operations.

  • Credit Request: Asking a bank or lender for money that the law firm will use for its own needs, like paying bills or growing the business.

  • Trust Request: Handling money that belongs to clients. Lawyers hold onto this money for specific reasons, like legal work or settlements, and must be very careful to use it only for those purposes. Requests here involve moving or using the money that belongs to clients correctly, following strict rules.

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