Westpac Banking Corporation

Bank accounts

Controlled Money Account - Conveyancers

Essentials

  • For Conveyancers in VIC to deposit money on their clients’ behalf

     

  • The deposit must be a minimum of $50,000 or with a settlement period of at least 60 days
  • The account is to be controlled by the licensed Conveyancer
  • No monthly service fee
  • 30 free transactions each month
  • Access to your funds using cheque, branch and Business Online Banking
  • Account enquiries via Business Telephone Banking.
Apply for Controlled Money Account - Conveyancers now

Did you know?

In 2011, Money Magazine has awarded Westpac the prestigious 'Business Bank of the Year" award for the fourth year in a row.

  apn_BBOY_150x150.png



Related documents

Deposit Accounts for Business Customers Terms and Conditions (PDF 665kb)

Things you should know
  • This account is only available to members of professional associations who are required by law to deposit funds held on behalf of their clients to a trust account with a financial institution.  Approval of applications is at the discretion of the Bank.
  • Adobe Acrobat Reader
    To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format.

Fees

Controlled Money Account for Conveyancers fees
Description Fee
Monthly service fee Nil
Number of free transactions per month1 30 
Transaction fees (charge per transaction when the number of free transactions per month is exceeded)
Description Fee
Self service (electronic) withdrawal $0.20 (where applicable)
Self service (electronic) deposit $0.20
Cheques written $0.60
Cheques written collected/deposited2 $0.60
Staff assisted withdrawal3 $1.00
Staff assisted deposit $1.00
Narrated credits4 $1.00
Transaction fees (charge per transaction not included in the free transactions per month)
Description Fee
Non-Westpac Group branded ATMs (within Australia) N/A
Overseas ATM N/A
Business Telephone Banking

N/A

Business Online Banking Account enquiries are always free when you use Business Online Banking.
Related documents

Deposit Accounts for Business Customers Terms and Conditions (PDF 665kb)

Things you should know
  • 1. Fees and charges apply per transaction when the number of free transactions per month is exceeded.
  • 2. A deposit to an account with two cheques will count as three transactions, one for the deposit (which is charged as a branch transaction) and one for each cheque lodged because each item requires individual processing
  • 3. The branch staff-assisted electronic fee is not applicable if your business account does not have card access
  • 4. Narrated credits are branch transactions using a serial number encoded deposit slip designed to allow you to identify the deposit from the serial number used
  • This account is only available to members of professional associations who are required by law to deposit funds held on behalf of their clients to a trust account with a financial institution.  Approval of applications is at the discretion of the Bank.
  • Adobe Acrobat Reader
    To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format.

View products...