Victorian Retail Lease Account
Regulated Trust AccountsData Sharing Status
A transaction account to hold the security deposit paid by the Tenant to a Landlord under a lease in relation to a 'retail premises' in Victoria.
- Base rate
- 0.05%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty Not applicable | 15.16% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Not applicable | 0.05% | Amount | monthly |
Features
- Digital banking — Digital banking is available for this product, allowing customers to access their accounts via Internet Banking or NAB Connect.
- Fraud protection — Fraud protection is available, and any fraudulent transactions are monitored and alerted by the Fraud Team
- Real-time payments (NPP) — This product type can be used to receive fund as a result of BSB/Number based NPP payment
- PayID — Can be used as the target of an NPP payID
- Relationship management — Relationship management access is available.
- Unlimited transactions — Unlimited Digital Transaction available
Eligibility
- Business customers — Only available to businesses that need to keep client's money in a retail lease account in order to meet their industry governing bodies’ legislation such as Real Estate Agents.
- Individuals only — Only available to natural persons that need to keep money in a retail lease account in order to meet their industry governing bodies' legislation such as Landlords.
Constraints
- A transaction account to hold the security deposit paid by the Tenant to a Landlord under a lease in relation to a 'retail premises' in Victoria.
More Information
Published by NATIONAL AUSTRALIA BANK under the Consumer Data Right · Last updated 9 April 2025 · Product ID 79281b0d-8708-41c1-b242-d18df59d4f15 · View on CDR.gov.au