Who provides custodial services?

Usually, custodial services are offered by banks or financial institutions. These banks are responsible for the security of clients’ physical possessions, money, equity, stocks, and other forms of financial assets. You are free to use this image on your website, templates, etc, Please provide us with an attribution link

What does a custodian do?

Most custodians offer related services such as account administration, transaction settlements, the collection and distribution of dividends and interest payments, tax support, and foreign exchange management. A custodian bank may handle investment activities for customers.

What does a custodial financial institution do?

A custodial financial institution may charge you a custodial fee for the safekeeping of your money. A financial custodian will send you a monthly or quarterly statement for your account letting you know what they are holding on your behalf.