NAB Statutory Trust Account
Regulated Trust AccountsData Sharing Status
A transaction account to keep your clients’ money in trust and meet your industry’s regulatory requirements.
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty Not applicable | 15.16% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Monthly Account Service Fee Charged monthly | Ongoing | $5.00 |
| Banker Assisted Transaction | Transaction | $2.50 |
| Non-Banker Assisted Transaction | Transaction | $0.60 |
| Cheque Fee | Transaction | $0.60 |
| Electronic Transaction (where available) - Excludes Multiple Funds Transfers, made via NAB Internet Banking, which will incur a different fee | Transaction | $0.00 |
Features
- Digital banking — Digital banking is available for this product, allowing customers to access their accounts via Internet Banking or NAB Connect.
- Digital banking — Please remove. duplicate
- Fraud protection — Fraud protection is available, and any fraudulent transactions are monitored and alerted by the Fraud Team
- Notifications — Please remove
- 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.
Eligibility
- Business customers — Only available to businesses that need to keep a client's money in statutory trust in order to meet their industry governing bodies’ legislation such as: Solicitors, Real Estate Agents, Conveyancers.
Constraints
- Interest paid to the state governing body at the end of month. — 15000
More Information
Published by NATIONAL AUSTRALIA BANK under the Consumer Data Right · Last updated 9 April 2025 · Product ID 98d30e6f-d7f1-4308-ba76-d5407ba10875 · View on CDR.gov.au