Real Estate Trust Account

Trust accounts to meet the specific needs and requirements of Real Estate Agents

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Features & Benefits

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Manage funds held in trust
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Interest as per industry requirements
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No Monthly Service Fee
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Range of access methods

Our Real Estate Trust Account is available to registered Real Estate Agents to manage funds held in trust on behalf of clients, such as rent or settlements. Interest is calculated on funds held in the account and paid as per the requirements of the Department of Fair Trading.

Additionally, these accounts are exempt from all monthly Access and Transaction Fees. Funds can be accessed via Internet or Mobile Banking, cheque, by calling our Service Support Centre on 132 067 or visiting the friendly staff at your local branch.

Product Details

Community Partnership Program
No
Visa Debit Card (ATM and Eftpos)
No
Access Card (ATM and Eftpos)
No
Internet and Mobile Banking
Yes
Phone Banking
Yes
Direct Debits and Credits
Credits only
Cheques
Yes
Branch and Service Support Centre
Yes (no cash withdrawals)
Minimum Balance
No
Overdraft Available
No
Monthly Service Fee
None
Internet, Mobile and Phone Banking Transactions
Free
Direct Credits
Free
Over the Counter Withdrawal
Free
Staff Assisted External Transfer
$2.251
Bank Cheque Fee
$11.001
Cheque Deposit
$0.501
All Credit Balances
Interest paid as per Department of Fair Trading Requirements

Disclaimer

1 No fees can be charged to this account. Any applicable fees will be charged to another account under your membership.

Terms, conditions, fees and charges apply. See Fees & Charges for full details.
Please refer to the Product Details and Conditions of Use when considering if this product is right for you.
Community Mutual Ltd is the issuer of the product.