In this document we will be going over the steps on how to close a physical trust bank. 

If you need to close a physical trust bank, you will need to transfer the trust balance in each client file from closed trust bank to the new opened trust bank. Since you can’t post one lump sum check for multiple clients in esiLaw 360 do the following.

Step #1:

Print the Trust Listing by Bank report as of the closing date.
Step #2:

If you can make an electronic funds transfer from the closed bank to the new opened bank. Transfer the total amount in the Trust Listing by Bank report to the new bank by EFT. 

Otherwise hand write a trust cheque with the total amount of the Trust Listing by Bank report with payee as the new trust bank.
Step #3:

In esiLaw 360, make a Trust Transfer for each client file in the Trust Listing by Bank report one by one.    

You may enter all trust transfer together, then post them as one batch in one audit.

(Also see attached video guide)