Statutory Trust Accounts

A simple transaction account designed to help customers in the legal, real estate and conveyancing professions who are required to hold client monies in trust to meet their specific State/Territory and industry based legislative obligations.

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• Interest earned on these accounts is payable to the relevant industry governing body (except NAB Retail Lease Account - Victoria).
• A separate NAB Business Transaction Account must be maintained in order for bank fees, government charges, and debit interest (relating to the Statutory Trust Account) to be charged.