Statutory Trust account

 General Lending Rates

 Product Features

• Other Additional Information: If your business is a solicitor?s office, real estate agency, collection agent (QLD), conveyancer or settlement agent (WA), you may be required by law to deposit funds held on behalf of your clients, into a Statutory Trust Account. This is a special type of account designed to comply with statutory requirements, that may require you to provide certain details or documents at account opening.

• Other Additional Information: Helps you comply with statutory requirements when holding clients? funds in trust

• Other Additional Information: Statutory Trust for Real Estate Agents account is suitable for real estate agents (in all states) and collection agents (in Queensland)

• Other Additional Information: Statutory Trust for Solicitors account is suitable for solicitors

• Other Additional Information: Statutory Trust for Conveyancers and Settlement Agents account is suitable for conveyancers (all states) and settlement agents (in Western Australia)

• Fraud Protection Additional Information: The product includes fraud protection features.

• Guarantor Additional Information: Subject to Terms and conditions, guarantor is available for eligible customers

• Digital Banking Additional Information: With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.

 Product Eligibility

• Min Age - 18. Additional Information: Applicant plus all signatories

• Other Additional Information: Operating in Australia with an Australian address

• Other Additional Information: Must be a member of a professional association and required by law to deposit funds held on behalf of clients in statutory trust accounts

• Other Additional Information: Needs an eligible business transaction account from which fees and charges can be debited.

 Bank Fees and Charges

• Account Keeping Fee (Periodic), Amount: 0.00.

• Self-service (electronic) Withdrawals (Withdrawal), Amount: 0.00.

• Self-service (electronic) Deposits (Deposit), Amount: 0.00.

• Cheques Collected / Deposited (Event), Amount: 3.00.

• Cheques Written (Event), Amount: 3.00.

• Staff-assisted Withdrawal (Withdrawal), Amount: 3.00.

• Staff-assisted Deposit (Deposit), Amount: 3.00.

• Periodical Payments (Transaction), Amount: 0.00.

• Group Telephone Banking (Transaction), Amount: 0.00.

• Online Banking (Transaction), Amount: 0.00. Additional Information: Account enquiries are always free when you use Online Banking.

• Overdrawn Fee (Event), Amount: 15.00. Additional Information: $15.00 per occurrence

 Document Downloads

  deposit-accts-bus-customers-tandc.pdf (869 K)