Regional Australia BankStatutory Trust Account
A trust account to meet the specific needs and statutory requirements of Law firms seeking to hold funds in trust with the Law Society of NSW per industry requirements.
At a glance
No headline figures published.
Rates
The one rate Regional Australia Bank publishes for this trust account.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest rates are available on request for this product. Interest is calculated on the daily balance and paid to the Law Society Monthly. | - | - | - | 0.00% | - | paid every 1 mo |
Fees
3 fees published, grouped by when they're charged.
When you make a transaction2
- Cheque Deposit Fee
Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque. No fees can be charged to this account. Any applicable fees will be charged t…
$0.50 - Staff Assisted Fee- Industry Trust Accounts
Applies per withdrawal or debit transfer processed by branch or Service Support Centre Staff. No fees can be charged to this account. Any applicable fees will be charged to another account under your…
$2.25
When particular things happen1
- Financial Institution Cheque Fee
Applies for each bank cheque you order from us. No fees can be charged to this account. Any applicable fees will be charged to another account under your membership.
$11
Features
- A cheque book is available on request. For full details refer to our Conditions of Use. Fees and charges apply.
- Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.
Eligibility and limits
- Minimum balance $1
- The customer must be a trading Law Firm.
- A Statutory Trust Account must be operating alongside a general account under the same membership number so that any fees relating to the operation of the trust can be charged.
- As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
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Published by Regional Australia Bank under the Consumer Data Right, last changed by them on 30 Apr 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.