Retention Money Trust
Regulated Trust AccountsData Sharing Status
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 |
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 customersRequired to hold a trading account with Bendigo Bank to re-direct fees
More Information
Published by Bendigo Bank under the Consumer Data Right · Last updated 10 July 2026 · Product ID 3109cb87-fd74-4918-852f-48134908494b · View on CDR.gov.au · View Source Data (JSON)