A bare trust is a trust arrangement between you and our trustee company, Aera 22 Nominee Limited (the “Trustee”).
What this means is that the Trustee holds funds on behalf of you and can only act when you provide instructions, such as choosing to open a Deposit Accelerator account with particular features or underlying assets, or purchasing milk at your local dairy using your Aera member’s Visa Card.
As the funds are on trust for you, your money is always yours, held under your name and is never intermingled with Aera’s own funds.