Trust Account

The Trust Account is designed to assist Solicitors and Real Estate Agents in NSW in managing client trust funds whilst meeting legal obligations. This account can be used for routine transactions like property settlements, legal retainers or advance costs.

Key features

Manage client trust funds whilst complying with NSW regulations
Interest is paid directly to the relevant statutory body: NSW Law Society (for solicitors) or NSW Fair Trading (for real estate agents)
No minimum balance required

Complement your Trust Account with a Businsess Advance Account to manage everyday business transactions - kept seperate from client funds.

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Fees
Monthly Account Keeping Fee $10.00
(charged to a nominated Bank of Sydney Account)

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Talk to one of our friendly staff Mon-Fri (Excluding Public Holidays).

Call 13 95 00

To open an account please visit any of the Bank of Sydney 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

More information about our product and services is available here.