Solicitor's Trust Accounts (QLD)
Regulated Trust AccountsData Sharing Status
A Solicitor’s Trust Account is a specialised account for Queensland solicitors who are legally required to hold client monies in a statutory trust. It can be used for conveyancing, probate work, litigation settlements, commercial transactions (e.g. Floating Companies) and matrimonial money held under Court Order whilst holding client funds on trust.
Fees
| Fee | Type | Amount |
|---|---|---|
| Account keeping fee Charged monthly | Ongoing | $0.00 |
| Card Replacement | Event | $0.00 |
| Copy of bank cheque | Event | $12.00 |
| eStatements | Event | $0.00 |
| Interest Certificate | Event | $10.00 |
| Physical Security Token | Event | $20.00 |
| Real Time Gross Settlements (RTGS) - outward | Event | $35.00 |
| Record Search/Copy Fee (cheques, records, voucher retrieval) | Event | $70.00 |
| Request for Audit Certificate | Event |
Features
- Unlimited transactions
- Unlimited fee-free electronic, branch and transactions. A Security Token Code generated by the Suncorp Bank Secured App must be entered for every electronic transaction.
- Pay $0 account keeping fees
- Deposit only card
Eligibility
- Business customersFor QLD Solicitors only - Please see Suncorp Bank website for more information
More Information
Published by Suncorp Bank under the Consumer Data Right · Last updated 31 July 2024 · Product ID Soltrust · View on CDR.gov.au