Bendigo BankRetention 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.
Trust accountsBank updated 1 Oct 2026
At a glance
No headline figures published.
Fees
13 fees published, grouped by when they're charged.
When you make a transaction9
- BPAY Withdrawal$0.40
- Branch Cash Withdrawal$1.75
- Branch Transfer$1.75
- Collection Item$0.70
- E-Banking Internal Transfer$0.40
- E-Banking Pay Anyone Transfer incl. Osko$0.40
- EFTPOS Withdrawal$0.70
- Phone Banking Transfer$0.40
- Cheque Withdrawal
This fee will continue to be charged where the bank is notified that all customers of the account are deceased, as a service will continue to be performed. Existing Accounts Only. Cheque Facilities a…
$0.70
When particular things happen4
- Bank Cheque Withdrawal$10
- Cheque Withdrawal$0.70
- EFT Credit Transfer$4
- Periodical Payment to Other Financial Institution$3.75
Features
Instant paymentsPayIDDigital banking
- Minimum opening amount of $1.
- No monthly service fee.
Eligibility and limits
- Available to businesses
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Published by Bendigo Bank under the Consumer Data Right, last changed by them on 1 Oct 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.