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Conveyancer Trust Account

An account for licensed conveyancers who are required by law to hold client's money in a complying trust account.

Trust accountsBank updated 1 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Upfront fee
$500

Rates

Every rate The Mutual Bank publishes for this trust account, 2 in all.

TypeApplies toTermBandRateComparisonConditions
VariablePenalty Interest will be charged on overdrawn accounts.---20.00%--
VariableInterest is paid to the Department of Fair Trading monthly after close of business at the end of the month as required by the relevant regulating body.---4.14%-paid every 1 mo

Rate changes

One change logged, newest first.

DateRateWasNowChange
2 Oct 2026Variable3.92%4.14%up 0.23

Each change is logged the night it appears in the rates Maitland Mutual Limited publishes. See how every lender answered the RBA on the rate tracker.

Fees

13 fees published, grouped by when they're charged.

When you take it out1

  • BECS_SPONSORSHIP

    Subject to approval if your business requests sponsorship within BECS. $500.00 upfront fee, $0.25 per non direct debit item for The Mutual Bank, $Nil per direct debit item for The Mutual Bank.

    $500

When you make a transaction2

  • UNCLAIMED_MONIES_FEE

    The lessor $20.00 or account balance. Payable when an account is classified as dormant.

    $20
  • PHYSICAL_FOREIGN_CURRENCY

    1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased.

    1.00% of transaction

When particular things happen10

  • CHEQUE_DISHONOUR

    A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured.

    $9
  • DIRECT_ENTRY_DISHONOUR

    Payable when a direct entry (inward and outward) is dishonoured.

    $9
  • DOCUMENT_FEE

    $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Accoun…

    $60
  • DORMANT_ACCOUNT_FEE

    This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance.

    $20
  • FINANCIAL_INSTITUTION_CHEQUE

    Payable when you request us to issue a financial institution cheque.

    $2.50
  • MISCELLANEOUS_SERVICE_FEE

    $60.00 per hour. Payable if you request information not covered by the Document Fee.

    $60
  • ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD)

    Payable if you use online banking to transfer funds internationally.

    $30
  • OVERDRAWN_FEE

    If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be cha…

    $9
  • OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY

    Payable if we assist you send funds electronically overseas in Australian dollars.

    $50
  • OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY

    Payable if we assist you send funds electronically overseas in a foreign currency.

    $30

Features

Instant paymentsPayIDDigital bankingUnlimited transactions

Eligibility and limits

  • Residency: Australian citizen or permanent resident, or as otherwise approved
  • Available to businesses
  • A Business Cheque Account must be opened and maintained for fees and charges associated with this account

Put this product through a calculator

Published by Maitland Mutual Limited 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.