--- title: "Statutory Trust Account — CommBank" description: "Regulated Trust Accounts from CommBank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/commbank/products/4fe647a4500a40459ccc46c494e43b9b source: "CDR Compare" language: en-AU last_updated: 2026-08-29T01:15:32.000Z --- # Statutory Trust Account — CommBank > Regulated Trust Accounts from CommBank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Regulated Trust Accounts** Transaction account used to deposit funds held in trust on behalf of certain business customer's client. They are required by certain industries to be held by law and are also referred to as General Trust Accounts in some States and Territories. ## Fees | Fee | Type | Amount | | --- | --- | --- | | Cash Handling Fee — For coin handling is 1% of the total value of the coin component of all deposit and withdrawal transactions, where the total value of coins handled exceeds $1,000 per day | Event | 1% of transaction | | Dishonour fee — Charged to the nominated redirection account when we are unable to debit your account due to insufficient available funds. | Event | $5.00 | | Cash Handling Fee — For note handling is 0.25% of the total value of the notes component of all deposit and withdrawal transactions, where the total value of notes handled exceeds $50,000 per day | Event | 0.25% of transaction | | Monthly Account Fee — Charged monthly · Calculated at the end of each month and charged to your nominated redirection account on the first day of the following month. Monthly Account Fee payable for partial months is calculated pro-rata on a daily basis. | Ongoing | $5.00 | | Assisted transactions — Withdrawals or transfers made via telephone banking using an operator. | Transaction | $5.00 | | Assisted transactions — Withdrawals made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/Bank@Post). | Transaction | $5.00 | | Cheque Transaction — Cheques written by you and negotiated through the clearing system. Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking). | Transaction | $5.00 | | Assisted transactions — Cheques drawn on your account and cashed over the counter at any CommBank branch. | Transaction | $5.00 | | Assisted transactions — Deposits made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/Bank@Post). | Transaction | $5.00 | | Quick Deposits — Fee per deposits made via the Quick Deposit Box or QuickCash envelope banking. | Deposit | $10.00 | ## Features - **The Statutory Trust Account allows a customer to receive funds through online banking, cheque, ATMs and staff assisted channels including at a branch.** - **Digital banking** (You'll have visibility of your statutory trust account 24 hours a day, 7 days a week, through our online banking services, NetBank or CommBiz. You can track transactions as they happen and view images of cheques deposited to your account. You'll also benefit from more detailed transaction data, making it easier to use and reconcile your account. Integrating your online accounting software, like Xero, MYOB, QuickBooks or Wiise with your bank account could save time on admin and manual reconciliations.) - **Digital banking** (Use QR Cardless to deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM) - **Fees and charges are not charged to the Statutory Trust Account but are redirected to a valid CommBank transaction account nominated by you.** - **Any interest earned on Statutory Trust Accounts is paid to the relevant state or territory statutory body.** - **Deposits in Sealed Envelopes (QuickCash) allows for a deposit via a Bank-supplied envelope (QuickCash Bag), to authorised and approved customers - for use to deposit cash and/or cheques at a CBA branch that is nominated to accept deposits via the QuickCash Service.** - **Payments through the Electronic Lodging Network (ELN) from your eligible Statutory Trust Account or other eligible trust account can only be made if you are a subscriber to an ELNO and have provided the ELNO with the necessary authority. In addition to these terms and conditions, transactions carried out through the ELNO are subject to the relevant ELNO's Financial Settlement Terms and Conditions. We are entitled to treat instructions received by the ELNO which are authorised by your sigantories' log in and pssword through the ELNO as duly authorised by you.** ## Eligibility - **Business customers** (To hold this product, Customers will need to have a relevant industry license, practice certificate or membership, as legal practitioners, real estate agents, auctioneers, conveyances or settlement bodies. Before a customer opens this account, they may want to confirm with the relevant Statutory Body to determine if they are required to hold this account.) - **Business customers** (To hold this product, Customer will need to have a valid CommBank transaction account for the redirection of fees and charges) - **Residency status** — Residency Status (In the case of domestic businesses (eg. a sole trader, partnership, company, etc), To hold this product customer will need to have an ABN or ACN where relevant; or in the case of foreign companies that carry business in Australia, be registered with ASIC. The eligibility of other foreign companies will be subject to review on a case by case basis) ## More information from CommBank - [Overview](https://www.commbank.com.au/business/bank-accounts/statutory-trust-accounts.html) - [Terms & conditions](https://www.commbank.com.au/content/dam/commbank/business/pds/ADB2916.pdf) - [Eligibility](https://www.commbank.com.au/content/dam/tmd/Statutory-Trust-Account/06-03-2023/statutorytrustaccount-tmd-060320231231.pdf) - [Fees & pricing](https://www.commbank.com.au/content/dam/commbank/business/pds/ADB2916.pdf) ## Data provenance - Published by CommBank under the Consumer Data Right - Product ID: `4fe647a4500a40459ccc46c494e43b9b` - Last updated by the provider: 29 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/commbank/4fe647a4500a40459ccc46c494e43b9b - Provider page: https://www.cdrcompare.au/brands/commbank - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000008 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/commbank/products/4fe647a4500a40459ccc46c494e43b9b) — product data published by Australian data holders under the Consumer Data Right. 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