Real Estate Trust Account
Real Estate Trust Account allow funds to be held by a registered real estate agent for purchases or rental deposits i.e.holding a deposit for a property until settlement or for holding the deposit of rental payments until paid to the landlord.
Fees
| Fee | Type | Amount |
|---|---|---|
| Transaction Listing - Electronic - up to 10 pages | Event | $5.00 |
| Special clearance on cheques Maximum charge. Charges either wholly or partly imposed by third parties. | Event | $16.00 |
| BPAY payment return | Event | $5.00 |
| Rejected post-dated BPAY | Event | $5.00 |
| Trace on Electronic Debit/Credit | Event | $20.00 |
| Default Notice fee A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding monies. Refer to the PDS Member Guide to Transactional Banking for further information. | Event | $30.00 |
| Transfers between accounts to cover overdrawn balance | Event | $15.00 |
Features
- Unlimited transactions
- Digital banking
- Internet Banking and Mobile Banking App.
- Direct debit is available on this account type. — Direct Debit
- Direct Credit is available on this account type. — Direct Credit
- Make and receive Electronic Funds Transfers (EFT) from this account type. — Electronic Funds Transfer
- IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. — Branch
- IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm — Phone Banking Operator Assisted
Eligibility
- Business customers
- Available only to registered real estate agents
Constraints
- Opening balance — $1.00
Published by IMB Bank under the Consumer Data Right · Last updated 3 March 2026 · Product ID RTA-16-1 · View on CDR.gov.au · View Source Data (JSON)