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.
Trust accountsBank updated 2 Sept 2026
At a glance
- No headline figures published.
§ 02 — Fees · 15
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Bank Cheque Withdrawal | Event | $10 | — | — |
| Cheque Withdrawal | Event | $0.70 | — | — |
| EFT Credit Transfer | Event | $4 | — | — |
| Periodical Payment by Cheque | Event | $3.75 | — | — |
| Periodical Payment to Other Financial Institution | Event | $3.75 | — | — |
| Agency Withdrawal | Transaction | $1.75 | — | — |
| BPAY Withdrawal | Transaction | $0.40 | — | — |
| Branch Cash Withdrawal | Transaction | $1.75 | — | — |
| Branch Transfer | Transaction | $1.75 | — | — |
| Collection Item | Transaction | $0.70 | — | — |
| E-Banking Internal Transfer | Transaction | $0.40 | — | — |
| E-Banking Pay Anyone Transfer incl. Osko | Transaction | $0.40 | — | — |
| EFTPOS Withdrawal | Transaction | $0.70 | — | — |
| Phone Banking Transfer | Transaction | $0.40 | — | — |
| Cheque Withdrawal | Withdrawal | $0.70 | — | 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… |
§ 03 — Features
Instant paymentsPayIDDigital banking
- · Minimum opening amount of $1.
- · No monthly service fee.
§ 04 — Eligibility & limits
- · Available to businesses
§ 05 — Compare
Published by Bendigo Bank under the Consumer Data Right, last changed by them on 2 Sept 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.