Your browser version is no longer supported, so you may experience issues while using this site.
Please upgrade to a current browser to enjoy the best experience.

Statutory Trust Accounts

Accounts for custodians who are legally required to hold money for clients.

To open an account with us:

Find my nearest branch Call 13 11 55

What is a statutory trust account?

Statutory trust accounts are for specific groups or organisations that need to hold money for clients.  As the requirements for how these trust accounts operate differs depending on your type of business, we have 2 options available: Solicitor’s Trust Accounts and Agent’s Statutory Trust Accounts.

A Solicitor’s Trust Account is a specialised account for Queensland solicitors who are legally required to hold client monies in a statutory trust.  It can be used  for conveyancing, probate work, litigation settlements, commercial transactions (e.g. Floating Companies) and matrimonial money held under Court Order whilst holding client funds on trust.

Key features

  • Access, manage and transact on your account anytime with Internet Banking and the Suncorp App through External Payments or Business Payments Credit*. A Security Token Code must be entered for each electronic transaction.
  • Enjoy unlimited fee-free cheque transactions, as well as staff-assisted branch transactions. 
  • Receive monthly statements (by post or eStatements).
  • Check transactions and balances anytime with Telephone Banking.
  • Interest earned is paid to the Department of Justice and Attorney General in accordance with legislation. No interest is paid to the account holder.

*To make Business Payments Credit, an Australian Payments Clearing Association Identification is required.




Account-keeping fee

Branch deposits

Cheque withdrawals

Cheque deposits

External Payments

Direct Credits


No Fee






Product information document

For more information about our Trust Accounts, please read the Product Information Document

Ready to apply?

Visit us

Call us

We're open 8am - 5.30pm, Mon - Fri

Business Deposit Products are issued by Suncorp-Metway Ltd (“Suncorp Bank”) ABN 66 010 831 722 AFSL No 229882. Fees, charges, terms and conditions apply and are available on request.

Products and services including banking, superannuation and insurance (including life insurance, home and car insurance) are provided by separate companies in the Suncorp Group. Suncorp Bank is only liable for the banking products or services it provides and not the products and services of the other companies in the Suncorp Group.

© Copyright Suncorp-Metway Ltd ABN 66 010 831 722.