Joint Accounts and Third-Party Accounts — SQE1 FLK2 Solicitors Accounts

Two clients, one pot of money, and a trainee who is certain you need two bank accounts to keep it straight.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/solicitors-accounts?utm_so…
In this episode:
• Two different things get called a joint account, and only one is rule 9
• The ledger separates client money, not the bank account
• Rule 9 leaves statements and the bills record, and nothing else
• A client's own account is one you operate as signatory
• Money you do not hold never goes on a client ledger
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.