Availability of these facilities is subject to compliance with the relevant Act and/or Regulations of the State or Territory in which the Statutory Trust Account is opened. Some States and Territories prohibit electronic transactions. Some State or Territories prohibit cash withdrawals; others require withdrawals to be made only by cheque.
Solicitor Trust Account
Available to solicitors operating in all Australian states (excluding Tasmania) and some territories.
- Monthly maintenance fee of $5.00 may apply
- Fee rebates may be available 2 There is no entitlement to a rebate when the credit balance falls below $1,000 at any time during the month. The rebate amount cannot exceed the amount of fees charged in the month.
- Up to 5 free paper transactions per month, $0.60 per paper transaction thereafter
- Up to 5 free electronic transactions per month, $0.25 per electronic transaction thereafter.