ANZ Statutory Trust Account
The ANZ Statutory Trust Account is a transaction account that has been specifically designed for businesses that receive money on behalf of their customers and are required by law to hold this money in trust. Almost all real estate agents and solicitors use trust accounts.
The terms and conditions of an ANZ Statutory Trust Account are in line with all appropriate laws and in accordance with bilateral agreements between ANZ and the relevant statutory body.
At a Glance
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Purpose
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A transaction account for solicitors, real estate agents and anyone who is required by law to hold money in trust for customers.
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Interest
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In accordance with legislation, interest earned on the ANZ Statutory Trust Account must be paid to a government body or institute.
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Transactions*
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Effective 19 December 2007, ANZ will no longer charge an Account Service Fee, accounts will receive nil free transactions*.
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Ways to access your account
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- ANZ Internet Banking** - value transactions where legislation permits; otherwise non-value access only.
- ANZ Phone Banking** - value transaction where legislation permits; otherwise non-value access only.
- ANZ Branch or Cheque Book (optional).
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Business overdraft
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Not available with this account. The ANZ Statutory Trust Account must always have a credit balance.
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Cheque facility
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An optional cheque facility is available.
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Statements
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Monthly or on request. You also have 24 hour access to your account details via ANZ Internet Banking** and ANZ Phone Banking**
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Fees and charges
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For all fees and charges, please refer to ANZ Business Banking Transaction Fees and Charges.
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