dospay
Product Notes
Household PayMaster Accounts

Product Notes: Household PayMaster Accounts

Supporting house managers and family offices in single- and multi-residence households with outsourced payment and accounting services.
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Product Notes

Product Notes: Household PayMaster Accounts

Product Notes

Product Notes: Household PayMaster Accounts

Further information on our accounts.
Benefits for the Household
Our Household PayMaster accounts support trust and transparency between principals and their house management / family office teams.
Benefits for the House Management Team / Family Office
As we operate multiple payment runs each day, there is never a long delay before bills are paid, and our transparent and auditable approvals process ensures that all of the relevant stakeholders can have oversight over the expenditure.
Eligibility
We work with UK-based family offices and households only. Our accounts can only be funded from UK-based bank accounts held in the name of the principal(s).
Fees
Fees
Fees are quoted on an account-by-account basis in order to ensure that we can deliver you the best value.  You can find out more about our fees and pricing on our pricing page.
Compliance
We are required to carry out compliance on all parties to the arrangements, including understanding their source of funds and source of wealth.
Interest
Our accounts do not pay interest. We hold your funds safeguarded and segregated, and they are protected 100% (including above the £85,000 FSCS limit), because they are held on trust for you and are kept liquid an unencumbered at the Bank of England. Unlike other escrow providers whose banks lend out deposited sums, your funds will simply sit there safely.

We carry significant overheads to maintain our regulatory status, carry out all of our initial and ongoing compliance and to rent the facility to open accounts for your funds at the bank.  While we do receive a small amount of interest on your deposits, we use this interest to subsidise and support the costs of providing the service.  Regrettably, we are not able to pass on any interest on your deposit.

Some of our clients choose to make a simultaneous deposit in our zero-risk, high-interest Cash Deposit Manager accounts in order to defray the costs of the account - we can help you to calculate the required deposit to either get your escrow arrangements for free, or to even earn money during their term.
Discover our zero-risk, high-interest Cash Deposit Manager Accounts
Benefits for the Project Manager / Client Team
Benefits for the Supply Chain
Benefits for the Procurement Agent

What our clients say

Don't just take our word for it - hear from our clients who have added trust and security to their escrow and payment requirements.

FCA-Regulated

We're regulated by the Financial Conduct Authority for the provision of payment services.

Digital Accounts Portal

Access your account, view your transactions and documents and provide read-only access to all of your relevant stakeholders.

White-Glove Service

Your named account manager can help you manage your accounts at any time, by email, phone or WhatsApp.

High-Speed Account Opening

We can open escrow accounts in as little as a day - our systems and processes are built for speed.

Ultra-Secure Deposits

We deposit all pound sterling sums at the Bank of England, offering the lowest-risk escrow service in the United Kingdom.

Any duration, any value

We can hold funds for as little as a few hours, for many years, or even longer depending on your specific requirements.
© DOS & Co. Ltd.
dospay is a trading name of DOS & Co. Ltd, a company registered in England and Wales with company number 08294966.
DOS & Co. Ltd. is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (FRN: 833374) for the provision of payment services.
All of our GBP escrow and third-party managed accounts are segregated and safeguarded at the Bank of England.
www.dospay.co.uk