The Finance Algorithm
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 until paid to the landlord.

Trust accountsBank updated 22 Sept 2026
At a glance
No headline figures published.
§ 02 — Fees · 35
FeeTypeAmountWhenNotes
Bulk coin countDeposit$5Maximum charge
Foreign cheque conversion (value AU$10,000 and greater)Deposit$50Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
Foreign cheque conversion (value less than AU$10,000)Deposit$25Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
Manual deposit other institutionDeposit$10
Audit CertificateEvent$30Per certificate
BPAY payment returnEvent$5
Card replacement (in excess of 1 p.a.)Event$10
Copy of Financial Institution chequeEvent$16Maximum charge. Charges either wholly or partly imposed by third parties.
Copy of personal chequeEvent$15
Copy of withdrawal or deposit formEvent$15
Default feeEvent$25When your savings account is overdrawn for 20 days, a Default fee will be debited from your account on the 20th day and a further Default fee debited each month thereafter while your account remains…
Default Notice feeEvent$30A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding…
Interest statement - ElectronicEvent$2.50Per page
Pin replacement (in excess of 1 p.a.)Event$5
Recalculation of interestEvent$30Per page
Rejected post-dated BPAYEvent$5
Research feeEvent$30Per page
Retrieval of archived documentsEvent$20Per page
SMS AlertsEvent$0.25Per alert
Special clearance on chequesEvent$16Maximum charge. Charges either wholly or partly imposed by third parties.
Stop payment fee (IMB cheques)Event$12.50Maximum charge. Charges either wholly or partly imposed by third parties.
Stop payment personal chequeEvent$15
Trace on Electronic Debit/CreditEvent$20
Trace on Financial Institution chequeEvent$50Charges either wholly or partly imposed by third parties.
Trace on personal chequeEvent$50Charges either wholly or partly imposed by third parties.
Transaction Listing - Electronic - 10 pages and overEvent$0.50Per page
Transaction Listing - Electronic - up to 10 pagesEvent$5
Transfers between accounts to cover overdrawn balanceEvent$15
Unclaimed monies/dormant accountEvent$40Maximum charge per account
Urgent Visa card mailingEvent$20
Visa voucher requestEvent$15Per request. Charges either wholly or partly imposed by third parties, such as Visa.
Visa Cardholder Facility FeePeriodic$1.60Every 1 moFee will be charged on the first day of each month for each Visa Card on issue.
Overseas Visa card replacementReplacement$150Charges either wholly or partly imposed by third parties.
Purchase of foreign currencyWithdrawal1.00% of transaction$10 or 1% of the value of the total order (whichever is greater).
Total cash withdrawal over $2,000 in a dayWithdrawal0.20% of transactionA fee of 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day.
§ 03 — Features
Instant paymentsDigital bankingFraud protectionUnlimited transactions
  • · Direct debit is available on this account type.
  • · Direct Credit is available on this account type.
  • · Make and receive Electronic Funds Transfers (EFT) from this account type.
  • · IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.
  • · IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm
  • · PayTo is available on this account type.
§ 04 — Eligibility & limits
  • · Available to businesses
  • · Opening balance $1
  • · Available only to registered real estate agents
§ 05 — Compare
§ 06 — Run the numbers

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Published by IMB Bank under the Consumer Data Right, last changed by them on 22 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.