This product is a specific purpose account for members of professional associations such as solicitors, real estate agents, conveyancers, motor dealers who are required to meet specific legal requirements when holding and managing funds on behalf of their clients.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Applies to | Conditions | Source | Since |
|---|
Source
CDR officialConsumer Data Right product dataShow where this comes from
- Fetched
- 1 Nov 2026
- URL
https://digital-api.banksa.com.au/cds-au/v1/banking/products/BSATrBusStatutoryTrustAccount- Content hash
sha256 b22c6b5fddabf66bb2aff4e3907f5f4d0a68e8bad768dac83ec4a189403188d6- Rule version
mapper@0.1.2
Consumer Data Right product dataev_cdr_b22c6b5fddabf66b_906e40f6Show details
- Checked
- 1 Nov 2026
- URL
https://digital-api.banksa.com.au/cds-au/v1/banking/products/BSATrBusStatutoryTrustAccount- Content hash
sha256 b22c6b5fddabf66bb2aff4e3907f5f4d0a68e8bad768dac83ec4a189403188d6- Excerpt
- —
- Rule version
mapper@0.1.2
Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee | Periodic | $6.00 |
| Internet Banking | Transaction | $0.00 |
| Phone Banking | Transaction | $0.00 |
| EFTPOS | Transaction | $0.00 |
| Bank@Post | Transaction | $0.00 |
| Direct Credit | Deposit | $0.00 |
| Direct Debit | Withdrawal | $0.00 |
| Staff assisted transactions | Transaction | $3.00 |
| Cheque Clearing (withdrawal) | Withdrawal | $3.00 |
| Cheque Clearing (deposit) | Deposit | $3.00 |
| Collection Item | Transaction | $3.00 |
| Agency | Transaction | $0.00 |
| Overdrawn Fee | Event | $15.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Free txns | 5 | 5 fee-free transaction allowance and 5 fee-free cheque deposits |
| Notifications | Stay up to date: SMS and email alerts to keep track of your account activity. | |
| Other | Helps you comply with statutory requirements when holding clients' funds in trust | |
| Other | If you are a solicitor, real estate agent, 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, and it may require you to provide certain details or documents at account opening. | |
| Digital banking | 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. | |
| Other | Statutory Trust ? Real Estate Agents account is suitable for real estate agents (in all states) and collection agents (in Queensland) | |
| Other | Statutory Trust ? Solicitors account is suitable for solicitors | |
| Other | Statutory Trust ? Conveyancers and Settlement Agents account is suitable for conveyancers (in all states) and settlement agents (in Western Australia). | |
| Eligibility: min age | 18 | Applicant plus all signatories |
| Eligibility: other | Operating in Australia with an Australian address | |
| Eligibility: other | Must be a member of a professional association and required by law to deposit funds held on behalf of clients in statutory trust accounts | |
| Eligibility: other | Needs an eligible business transaction account from which fees and charges can be debited. |
Rate history
No earlier values recorded yet.
Tags
| Tag | Meaning | Effect |
|---|---|---|
purpose:special-purpose | purpose:special-purpose | |
quality:no-interest | quality:no-interest | |
special-purpose | Reason this product is not ranked | |
Registered channels
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