St. George Bank
Statutory Trust Account
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.
Savings & transaction accountsBank updated 29 June 2026
At a glance
- Pricing
- Rates on application
- Monthly fee
- $6
§ 02 — Fees · 13
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Cheque Clearing (deposit) | Deposit | $3 | — | — |
| Direct Credit | Deposit | No fee | — | — |
| Overdrawn Fee | Event | $15 | — | — |
| Account Keeping Fee | Periodic | $6 | Every 1 mo | — |
| Agency | Transaction | No fee | — | — |
| Bank@Post | Transaction | No fee | — | — |
| Collection Item | Transaction | $3 | — | — |
| EFTPOS | Transaction | No fee | — | — |
| Internet Banking | Transaction | No fee | — | — |
| Phone Banking | Transaction | No fee | — | — |
| Staff assisted transactions | Transaction | $3 | — | — |
| Cheque Clearing (withdrawal) | Withdrawal | $3 | — | — |
| Direct Debit | Withdrawal | No fee | — | — |
§ 03 — Features
Digital banking
- · Helps you comply with statutory requirements when holding clients' funds in trust
- · 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…
- · Statutory Trust ? Real Estate Agents account is suitable for real estate agents (in all states) and collection agents (in Queensland)
- · Statutory Trust ? Solicitors account is suitable for solicitors
- · Statutory Trust ? Conveyancers and Settlement Agents account is suitable for conveyancers (in all states) and settlement agents (in Western Australia).
§ 04 — Eligibility & limits
- · Minimum age 18
- · Operating in Australia with an Australian address
- · Must be a member of a professional association and required by law to deposit funds held on behalf of clients in statutory trust accounts
- · Needs an eligible business transaction account from which fees and charges can be debited.
§ 05 — Compare
§ 06 — Run the numbers
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Published by St.George Bank under the Consumer Data Right, last changed by them on 29 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.