---
title: "NAB Statutory Trust Account — NATIONAL AUSTRALIA BANK"
description: "Regulated Trust Accounts from NATIONAL AUSTRALIA BANK. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/national-australia-bank/products/98d30e6f-d7f1-4308-ba76-d5407ba10875
source: "CDR Compare"
language: en-AU
last_updated: 2025-04-09T13:59:59Z
---

# NAB Statutory Trust Account — NATIONAL AUSTRALIA BANK

> Regulated Trust Accounts from NATIONAL AUSTRALIA BANK. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Regulated Trust Accounts**

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.
- **Unlimited transactions** — Unlimited Digital Transaction 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 from NATIONAL AUSTRALIA BANK

- [Overview](https://www.nab.com.au/business/accounts/specialised-accounts/nab-statutory-trust-account)
- [Terms & conditions](https://www.nab.com.au/business/accounts/specialised-accounts/nab-statutory-trust-account/statutory-trust-accounts-terms-and-conditions)
- [Eligibility](https://www.nab.com.au/business/accounts/specialised-accounts/nab-statutory-trust-account)
- [Fees & pricing](https://www.nab.com.au/business/tools/rates-fees-and-charges/business-banking-fees-and-charges)

## Data provenance

- Published by NATIONAL AUSTRALIA BANK under the Consumer Data Right
- Product ID: `98d30e6f-d7f1-4308-ba76-d5407ba10875`
- Last updated by the provider: 9 April 2025
- Source payload (JSON): https://www.cdrcompare.au/api/raw/national-australia-bank/98d30e6f-d7f1-4308-ba76-d5407ba10875
- Provider page: https://www.cdrcompare.au/brands/national-australia-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000004

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/national-australia-bank/products/98d30e6f-d7f1-4308-ba76-d5407ba10875) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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