Trust accounts
Statutory trust accounts for professionals.
24 trust accounts from 12 banks, read every night from what each one publishes under the Consumer Data Right.
Which banks offer trust accounts?
12 institutions publish 24 trust accounts between them, for people the law requires to keep clients' money apart from their own. Going by their names and descriptions, they're for real estate agents (7), solicitors (6), conveyancers (6) and head contractors holding retention money (2). 8 of them publish a monthly fee: 5 charge none, and the highest is $5.00.
Trust accounts, by institution
| Product | What it is | Account fee | Transactions from | Features |
|---|---|---|---|---|
| ANZ ANZ Statutory Trust Account | A specialised trust account for real estate agents, conveyancers and solicitors to hold funds in trust for your clients | - | $0.50 | Digital banking, instant payments, PayID8 fees listed |
| bcu Real Estate Trust | Real Estate Trust | - | - | Digital banking, instant payments, PayID5 fees listed |
| Bendigo Bank Conveyancer Trust (VIC) | Licensed Victorian Conveyancers to hold their clients' trust monies. | - | $0.40 | Digital banking, instant payments, PayID12 fees listed |
| Bendigo Bank Real Estate Trust | Businesses that receive money on behalf of their clients and are required by law to hold this money in trust. | - | $0.40 | Digital banking, instant payments, PayID12 fees listed |
| Bendigo Bank Retention Money Trust | Head contractors working on projects with a value of at least $20m in NSW and are required by law to hold retention money in trust. | - | $0.40 | Digital banking, instant payments, PayID13 fees listed |
| Bendigo Bank Solicitor Trust | Businesses that receive money on behalf of their clients and are required by law to hold this money in trust | - | $0.40 | Digital banking, instant payments, PayID12 fees listed |
| CommBank Statutory Trust Account | Transaction account used to deposit funds held in trust on behalf of certain business customer's client. They are required by certain industries to be held by law and are also referred to as General Trust Accounts in… | $5 a month | $5 | Digital banking10 fees listed |
| IMB Bank Real Estate Trust Account | Real Estate Trust Account allow funds to be held by a registered real estate agent for purchases or rental deposits i.e.holding a deposit for a property until settlement or for holding the deposit of rental payments… | $1.60 a month | - | Digital banking, instant payments35 fees listed |
| Macquarie Macquarie Business Banking Regulated Trust Account | A regulated trust account designed for business customers who are required to operate the account in accordance with relevant State or Territory legislation, and where interest is payable directly to the relevant… | - | - | Digital banking, instant payments |
| The Mutual Bank Conveyancer Trust Account | An account for licensed conveyancers who are required by law to hold client's money in a complying trust account. | $500 upfront | - | Digital banking, instant payments, PayID13 fees listed |
| The Mutual Bank Real Estate Trust Account | An account for licensed Real Estate Agents for holding client funds pending settlement of purchases and depositing of rental monies. | $500 upfront | - | Digital banking, instant payments, PayID13 fees listed |
| The Mutual Bank Solicitors Trust Account | An account for Solicitors for holding client payments relating to property conveyancing, estate settlements, investments and other trust monies. | $500 upfront | - | Digital banking, instant payments, PayID13 fees listed |
| The Mutual Bank Solicitors Trust Statutory Deposit Account | An account for Solicitors for holding client payments relating to property conveyancing, estate settlements, investments and other trust monies. | $500 upfront | - | Digital banking, instant payments, PayID13 fees listed |
| NAB NAB Statutory Trust Account | A transaction account to keep your clients’ money in trust and meet your industry’s regulatory requirements. | $5 a month | $0 | Digital banking, instant payments, PayID5 fees listed |
| NAB Victorian Retail Lease Account | A transaction account to hold the security deposit paid by the Tenant to a Landlord under a lease in relation to a 'retail premises' in Victoria. | - | - | Digital banking, instant payments, PayID |
| Regional Australia Bank Real Estate Trust Account | A trust account to meet the specific needs and requirements of Real Estate Agents. | - | $2.25 | Digital banking, instant payments, PayID3 fees listed |
| Regional Australia Bank Solicitors Trust Account | A trust account to meet the specific needs and statutory requirements of Solicitors. | - | $2.25 | Digital banking, instant payments, PayID3 fees listed |
| Regional Australia Bank Statutory Trust Account | A trust account to meet the specific needs and statutory requirements of Law firms seeking to hold funds in trust with the Law Society of NSW per industry requirements. | - | $2.25 | Digital banking3 fees listed |
| Suncorp Bank Agent’s Statutory Trust Account (QLD) | The Agent’s Statutory Trust is a specialised account for licensed Queensland Real Estate Agents, Auctioneers, Motor Dealers, Resident Letting Agents and Debt Collectors (Field or Collection agents) to hold deposits on… | $0 a month | - | -11 fees listed |
| Suncorp Bank Solicitor's Trust Accounts (QLD) | 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… | $0 a month | - | -11 fees listed |
| Westpac Project Trust Account | Project Trust Accounts are designed for construction projects in Queensland, to help you comply with your banking requirements under the Building Industry Fairness (Security of Payment) Act 2017. An account must be… | $0 a month | - | Digital banking8 fees listed |
| Westpac Retention Trust Account | A Retention Trust Account must be opened when the construction contract includes a requirement to hold cash retention amounts. It's used to hold cash retention amounts for eligible contracts until payments to… | $0 a month | - | Digital banking8 fees listed |
| Westpac Statutory Trust account | Our Statutory Trust Accounts help you comply with statutory requirements. | $0 a month | - | Digital banking11 fees listed |
23 of 24 trust accounts match these filters. 1 with restricted eligibility (staff, profession, age, green or business-only) are hidden.
Published by each institution under the Consumer Data Right, last changed by them on 7 Nov 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.