Controlled Monies

A Controlled Monies Account (CMA) is designed to assist solicitors in NSW, SA or VIC, and real estate agents in NSW or SA hold client funds securely and meet legal requirements.
Controlled Money Trust Account. Standard variable interest rate up to: 3.40 % p.a.

Key features

Keeps client funds separate from your Business accounts to satisfy regulations
Withdrawals only made with an 'Authority to Disburse' form
Clients can earn interest on the funds with options to suit their needs:

Controlled Money Trust Account

  • At call account - ideal for funds that need to be accessed quickly or frequently
  • Commonly used for settlements or staged payments

Term Deposit

  • Best for funds which do not need to be accessed for a fixed period
  • Great for clients who want a guaranteed return
  • Competitive fixed interest rates
Enquire
Controlled Money Trust Account Interest Rate Annual Rate
Standard variable interest rate 3.40% p.a.
Fees
Monthly Account Keeping Fee $0.00

Frequently Asked Questions

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*For funds available at call. For fixed terms, term deposit rates are applicable.

To open an account please visit any of the BOS branches with your original identification documents and complete your application in person.

Please take a moment to read through the below information before applying, as this advice is general and does not take into account specific individual needs.

General Banking Fees & Charges
Deposit, Saving & Transaction Accounts PDS

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