Real Estate Trust Account
For use by Real Estate Agents, auctioneers and commercial agents, such as motor dealers and debt collectors.
This account can only be opened by customers who operate one of the above businesses in Queensland or New South Wales. It is generally used for:
- deposits for purchase of property or other assets
- rental receipts.
| Feature |
Description |
| 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
| Item |
Description |
| 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 |
