---
title: "Retention Money Trust — Bendigo Bank"
description: "Regulated Trust Accounts from Bendigo Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/bendigo-bank/products/3109cb87-fd74-4918-852f-48134908494b
source: "CDR Compare"
language: en-AU
last_updated: 2026-07-10T04:29:19.045Z
---

# Retention Money Trust — Bendigo Bank

> Regulated Trust Accounts from Bendigo Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Regulated Trust Accounts**

Head contractors working on projects with a value of at least $20m in NSW and are required by law to hold retention money in trust.

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| BPAY WITHDRAWAL | Transaction | $0.40 |
| E-Banking Internal Transfer | Transaction | $0.40 |
| Phone Banking Transfer | Transaction | $0.40 |
| E-Banking Pay Anyone Transfer incl. Osko | Transaction | $0.40 |
| Branch Cash Withdrawal | Transaction | $1.75 |
| Branch Transfer | Transaction | $1.75 |
| Agency Withdrawal | Transaction | $1.75 |
| Collection Item | Transaction | $0.70 |
| EFTPOS Withdrawal | Transaction | $0.70 |
| Cheque Withdrawal | Event | $0.70 |
| Bank Cheque Withdrawal | Event | $10.00 |
| EFT Credit Transfer | Event | $4.00 |
| Periodical Payment by Cheque | Event | $3.75 |
| Periodical Payment to Other Financial Institution | Event | $3.75 |
| Cheque Withdrawal — This fee will continue to be charged where the bank is notified that all customers of the account are deceased, as a service will continue to be performed. Existing Accounts Only. Cheque Facilities and Cheque books not available on new accounts opened from 1 August 2023. | Withdrawal | $0.70 |

## Features

- **Bill payment (BPAY)** — BPAY
- **Digital banking** — E-Banking
- **PayID** (An account of this product type can be used as the target of an NPP PayID)
- **Real-time payments (NPP)** (An account of this product type can be used as the target of an NPP PayID)
- **Minimum opening amount of $1.**
- **No monthly service fee.**

## Eligibility

- **Business customers** (Required to hold a trading account with Bendigo Bank to re-direct fees)

## More information from Bendigo Bank

- [Overview](https://www.bendigobank.com.au/business/business-transaction-accounts/regulated-trust-accounts/)
- [Terms & conditions](https://www.bendigobank.com.au/globalassets/documents/disclosures/bendigo-business-accounts-and-facilities.pdf)
- [Eligibility](https://www.bendigobank.com.au/globalassets/documents/disclosures/bendigo-business-accounts-and-facilities.pdf)
- [Fees & pricing](https://www.bendigobank.com.au/globalassets/documents/disclosures/business-fees-and-charges.pdf)

## Data provenance

- Published by Bendigo Bank under the Consumer Data Right
- Product ID: `3109cb87-fd74-4918-852f-48134908494b`
- Last updated by the provider: 10 July 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/bendigo-bank/3109cb87-fd74-4918-852f-48134908494b
- Provider page: https://www.cdrcompare.au/brands/bendigo-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000115

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/bendigo-bank/products/3109cb87-fd74-4918-852f-48134908494b) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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