NAB Statutory Trust Account

Meet your industry's regulatory requirements

Keep your client’s money in trust and meet your industry’s regulatory requirements.

Interest paid automatically

We pay credit interest to your industry’s governing body automatically depending on your industry, state or territory.

Account balance

No minimum account balance needed.

Access your account

You can access your money with a cheque book, NAB Internet Banking and NAB Connect.
You can also use NAB Internet Banking and NAB Connect to view your account and access online statements.

Fees and charges may apply depending on your industry, state or territory¹.

Eligibility

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.
You'll also need to have one of our business transaction accounts open, for bank or government fees and charges, and debit interest relating to the statutory trust account to be charged.

Important information

¹Other service fees may apply.

Business Banking Fees – A guide to fees and charges

Statutory Trust Accounts Terms and Conditions

NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding these products. These products are issued by National Australia Bank Ltd ABN 12 004 044 937.

The Target Market Determination for this product is available at nab.com.au/TMD.

Closing your account

You or any other authorised person can request to close your account by calling your Relationship Manager, or by calling our contact centre. There may be certain circumstances in which we are unable to immediately close your account, and in these cases we may request further information from you.

NAB may exercise its reasonable direction to close an account due to unsatisfactory conduct or any other reason it deems appropriate. In this event, NAB will provide you notice in writing.