The Finance Algorithm
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NAB Statutory Trust Account

A transaction account to keep your clients’ money in trust and meet your industry’s regulatory requirements.

Trust accountsBank updated 9 Apr 2025

At a glance

Monthly fee
$5

Rates

The one rate NAB publishes for this trust account.

TypeApplies toTermBandRateComparisonConditions
PenaltyP&I--15.16%-Not applicable; Overdrawn penalty rate

Fees

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

While you hold it1

  • Monthly Account Service Fee
    $5 a month

When you make a transaction4

  • Banker Assisted Transaction
    $2.50
  • Cheque Fee
    $0.60
  • Electronic Transaction (where available) - Excludes Multiple Funds Transfers, made via NAB Internet Banking, which will incur a different fee
    No fee
  • Non-Banker Assisted Transaction
    $0.60

Features

Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactionsRelationship manager

Eligibility and limits

  • Available to businesses
  • Interest paid to the state governing body at the end of month.

Published by National Australia Bank under the Consumer Data Right, last changed by them on 9 Apr 2025. 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.