Statutory Trust - Real Estate Agents
Essentials
- Ideal for real estate agents who are required by law to deposit funds held on behalf of clients
- 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.
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.
Related documents
Things you should know
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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.
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Fees
| Description | Fee |
|---|---|
| Monthly service fee | Nil |
| Number of free transactions per month1 | 30 |
| Description | Fee |
|---|---|
| Self-service (electronic) withdrawal | $0.20 (where applicable) |
| Self-service (electronic) deposit | $0.20 |
| Cheques written | $0.60 |
| Cheques collected/deposited2 | $0.60 |
| Staff assisted withdrawal3 | $1.00 |
| Staff assisted deposit | $1.00 |
| Narrated credits4 | $1.00 |
| Description | Fee |
|---|---|
| Non-Westpac Group branded ATMs (within Australia) | N/A |
| Overseas ATM | N/A |
| Business Telephone Banking |
NIL |
| Business Online Banking | Account enquiries are always free when you use Business Online Banking |
Related documents
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
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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.
-
-
To view PDF files you need Adobe Acrobat Reader. Use Adobe's online PDF conversion tools to convert to another format.
