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Statutory Trust Account
A trust account that meets legal obligations
St.George’s Statutory Trust Account is an account for solicitors, real estate agents and other professionals who are required by law to hold funds in trust on behalf of their customers. Bank fees are to be debited from a separate nominated general account. Any interest paid on the account will be paid to the appropriate State governing body at the prescribed rate.
St.George deposit products are covered by the Australian Government Deposit Guarantee***
- Meets statutory obligations of trust accounts in the state where the solicitor or real estate agent operates.
- Land Agents/Brokers and Valuer's Trust Account suitable for real estate agents
- Solicitor's Trust Account suitable for solicitors, land agents and brokers
- 15 free withdrawals or deposits per month
- 15 free cheque deposits or merchant envelopes per month
- Calculated daily and paid in accordance with each State's trust account legislation
- Paid into nominated account
- Free online legal and taxation advice for tax and accountancy issues specific to your business
- Business SMS and Email Alerts to keep track of account balances, deposits and withdrawals
- Cheque and branch
- $6 monthly account keeping fee
- Charged when monthly fee-free allowance is exceeded. Read more about fees and charges
- Print and complete the following documents:
- Call our team of dedicated business banking specialists on 1300 781 605 8am - 6pm (AEST), Monday to Friday
- Your Business and/or Company must be registered in Australia
- Information you’ll need to complete your application
Important information
The Product Disclosure Statement (PDS) for Statutory Trust Account includes: Terms and Conditions , Fees and charges and interest rates. The PDS is important and we encourage you to view, save and/or print these supporting documents. If you would like a paper copy of the document, please visit your local branch or request one by post. St.George issues the products on this website. If you would like a paper copy of the PDS, please visit your local branch or request one by post.
