BARCO - for clients
The Bar's own escrow account.
Insured. Secure. Trustworthy.
BARCO has produced a guidance leaflet for
clients which provides necessary information
about using the service. Many of the key points are summarised
below and the leaflet is available to download here.
If you are an
international client and would like to find out more
information about how BARCO supports working with English
barristers, click here.
BARCO please call + 44 (0) 20 76114680 or email
Who pays to use BARCO?
Normally, only your barrister. The exceptions are if you decide
to fund the provision of legal services with a credit or debit card
(when you will be charged approximately 2% of the value of the
funds transferred) or if you close the account earlier than
Additionally, all costs incurred in sending or arranging the
transfer of the funds remains your responsibility.
If you are an international client, BARCO works with Currencies
Direct to enable you to pay into BARCO in your own currency.
Currencies Direct converts your local currency into GBP at
prevailing exchange rates and uses this payment directly to fund
the specified BARCO account.
For further information email email@example.com
or call 0207 847 9229.
All interest earned whilst funds are in the BARCO account is
passed on to you.
on interest can be found in the Guidance leaflet available to
BARCO has procedures and controls in place which are designed to
forestall and prevent money laundering. BARCO will ask you to
identify yourself and/or your company before opening an
account and appreciates your cooperation.
If BARCO suspect that a client is committing a money laundering
offence as defined by the Proceeds of Crime Act 2002 and Money
Laundering Regulations 2007, BARCO will in accordance with its
legal responsibilities disclose the suspicion to the Serious
Organised Crime Agency ('SOCA').
Subject to all parties having read, understood and signed the
standard BARCO Framework Agreement, all parties to the Agreement
agree to appoint BARCO as the payment service provider which is
exclusively permitted to receive funds in accordance with the terms
of the legal services agreement.
BARCO should receive the signed BARCO Framework Agreement and
the legal services agreement at least 48 hours before receiving any
funds but must have it within 24 hours of receiving the funds, or
they will be returned to the sender unprocessed.
All parties agree that BARCO will provide payment services
throughout the duration of the Agreement and that no payments will
be made other than payments made to or by BARCO. In the event of
conflict, the terms of the standard BARCO Framework Agreement take
precedent over any conflicting terms contained in any other legal
services agreement between a barrister and their client.
Bar Services Company Limited, trading as
BARCO, is registered with the Financial Conduct Authority
(FCA) in the United Kingdom (Firm Reference Number [FRN]: 589580)
to carry on payment services activities under the Payment Services
Regulations 2009 (PSRs). It is also registered with HM Revenue and
Customs under the Money Laundering Regulations (MLR), MLR
Registration Number: 12697968.