Can I set up a trust without a lawyer?
In most modern banking systems, you generally cannot use online or "net" banking without first registering for the service. Banks treat online banking as a distinct service that requires a specific enrollment process to bind your bank account to digital access credentials. While you do not always need to visit a physical branch, you must complete an activation process, which typically involves verifying your identity using information such as your account number, debit/credit card details, or Aadhaar/PAN details (in regions like India). You can often complete this registration through the bank’s official mobile app or website by following the "First-time user" or "Register" flow. Once you have authenticated your identity via OTP or other secure methods provided by the bank, your digital access will be enabled. Always check your bank's specific instructions, as the exact registration flow varies significantly by institution.
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Setting up a corporate trust account or appointing a commercial bank trust department as a fiduciary involves tiered administrative and legal establishment fees.