Real Estate Trust Account

Summary: 

For use by Real Estate Agents, auctioneers and commercial agents, such as motor dealers and debt collectors who operate in in QLD or NSW.

Ideal for:

  • deposits for purchase of property or other assets
  • rental receipts

Features

Fee-free items
  • Each month, the first 20 Branch deposits and cheque withdrawals are free.
Access
  • Access your account using the Branch or your chequebook.
Interest
  • No interest is paid to the account holder. Instead, interest earned is paid in accordance with legislation.

Fees

Account-keeping fee $5 per month if your minimum monthly balance falls below $10,000
Branch deposits $0.70 per transaction
Cheque withdrawals $0.60 per transaction
Cheque deposits $0.60 per transaction