Solicitors Trust Account
A trust account to meet the specific needs and statutory requirements of Solicitors.
Category: Trust Accounts Last Updated April 30, 2026 Effective June 3, 2026
General Lending Rates
No product information is currently listed. Please make contact with us for more information.
Product Features
- Notifications Additional Information: Track payments with SMS and email alerts
- Other Additional Information: Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.
- Unlimited Txns Additional Information: Internet, Mobile & Phone Banking transactions
- Other Additional Information: A cheque book is available on request. For full details refer to our Conditions of Use. Fees and charges apply.
- Bill Payment Additional Information: Automatic payments can be scheduled to pay your bills and/or split your pay into designated savings accounts.
- Npp Enabled Additional Information: This account can be used to send an NPP payment.
- Npp Payid Additional Information: This account can be used as the target of an NPP PayID.
- Digital Banking Additional Information: Bank 24/7 wherever you are and whenever you want with RAB mobile and internet banking.
- Unlimited Txns Additional Information: Full branch access for deposits, withdrawals or counter cheques, however no cash withdrawals are allowed.
Product Eligibility
- Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
- Other Additional Information: A Solicitors' Trust Account must be operating alongside a general account under the same membership number so that any fees relating to the operation of the trust can be charged.
- Other Additional Information: The customer must be an Australian Registered Solicitor.
Bank Fees and Charges
- Financial Institution Cheque Fee (Event), Amount: 11.00. Additional Information: Applies for each bank cheque you order from us. No fees can be charged to this account. Any applicable fees will be charged to another account under your membership.
- Staff Assisted Fee- Industry Trust Accounts (Transaction), Amount: 2.25. Additional Information: Applies per withdrawal or debit transfer processed by branch or Service Support Centre Staff. No fees can be charged to this account. Any applicable fees will be charged to another account under your membership.
- Cheque Deposit Fee (Deposit), Amount: 0.50. Additional Information: Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque. No fees can be charged to this account. Any applicable fees will be charged to another account under your membership.
Limitations & Restrictions (Constraints)
- Min Balance of 1.00 Additional Information: A minimum balance of $1 is required to earn interest on this product.








