Solicitors Trust Account

Trust account to meet the specific needs and statutory requirements of Solicitors.

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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 Solicitor Trust Accounts are available to registered legal firms to manage funds held in trust on behalf of clients or other third parties. Interest is calculated on funds held in the account and paid to the relevant Law Society, as per their requirements.

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 relevant Law Society 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.