Controlled Money Account
Our Controlled Money Account is an account kept by a law practice for the purpose of holding controlled money upon written direction from the client. The client or beneficiary, will earn interest on money held by the law practice on behalf of them.
Fees
| Fee | Type | Amount |
|---|---|---|
| Direct Credit Fee Free | Deposit | $0.00 |
| Direct Debit Fee Free | Payment | $0.00 |
| Branch Deposit/BOQ ATM Deposit Fee Free | Deposit | $0.00 |
| Monthly Card Fee (VISA Debit) Charged monthly · Free | Ongoing | $0.00 |
| Branch Withdrawal Fee Free | Withdrawal | $0.00 |
| Cheques Written Fee Free | Transaction | $0.00 |
| Account Maintenance Fee Charged monthly | Ongoing | $10.00 |
Features
- Accounts established under the exclusive control of the law practice
- Variable at-call and fixed rate accounts available. Fixed-term account is available with our Term Deposit Account. At-call account is available with our Business WebSavings Account
- All statements and account correspondence sent directly to the law practice
Eligibility
- Business customersThis product is available for sale to Solicitors registered to practise in Queensland and New South Wales only
More Information
Published by Bank of Queensland Limited under the Consumer Data Right · Last updated 11 March 2026 · Product ID f4176288-5c03-ee11-8f6e-00224814dce7 · View on CDR.gov.au