Investment Trust Accounts

We offer Investment Trust Accounts to eligible solicitors and real estate/agents in Queensland and New South Wales only. 

 

Our Investment Trust Accounts are ideally suited to holding trust money in an interest-bearing account, on your client's behalf.

Controlled Money Account

Our Controlled Money Account is available to law practices who have written direction from a client to hold money in an interest-bearing Controlled Money Account, on your client's behalf.  

 

We offer Controlled Money Account to solicitors registered to practise in Queensland or New South Wales only. We offer both at-call and fixed term investment Controlled Money Accounts.

 

Features and Benefits 

  • Accounts established under the exclusive control of the law practice
  • All statements and account correspondence sent directly to the law practice
  • Fixed-term Controlled Money Account is available with our Premier Investment Account
  • At-call Controlled Money Account is available with our Business WebSavings Account.
Restrictions
  • Only available to registered practising solicitors in Queensland or New South Wales
  • A copy of the client's written direction must be provided to BOQ
  • Cash, ATM/EFTPOS and telephone banking withdrawals or transfers are not permitted on Controlled Money Account
  • Approval of an application for a Controlled Money Account is at the discretion of the Bank
  • The law practice must keep a copy of the written direction in relation to the initial deposit and any subsequent withdrawal from the account.

Solicitors Investment Trust Account

Our Solicitors Investment Trust Account is available to law practices who have written direction from a client to hold money in an interest-bearing account, on your client's behalf. It is designed to provide your client with the ability to invest and earn interest on funds while held on trust.

 

We offer Solicitors Investment Trust Account to solicitors registered to practise in Queensland or New South Wales only.

 

Features and Benefits

  • Accounts established under the exclusive control of the law practice
  • All statements and account correspondence sent directly to the law practice
  • Fixed-term Solicitors Investment Trust Account is available with our Premier Investment Account 
  • At-call Solicitors Investment Trust Account is available with our Business WebSavings Account

 

Restrictions

  • Only available to registered practising solicitors in Queensland or New South Wales
  • All deposits and withdrawals must be conducted through the solicitor's general Trust Account
  • Cash, ATM/EFPOS and telephone banking withdrawals or transfers are not permitted on Solicitors Investment Trust Account
  • Approval of an application for a Solicitors Investment Trust Account is at the discretion of the Bank.

 

Real Estate/Agents Investment Trust Account

Our Real Estate/Agents Investment Trust Account is available to real estate/agents who have written direction from a client to hold money in an interest-bearing account, on your client's behalf.   

 

We offer Real Estate/Agents Investment Trust Account to Real Estate/Agents who are licensed to operate in Queensland or New South Wales only. 

 

Features and Benefits 

  • Accounts established under the exclusive control of the eligible Real Estate/Agent
  • All statements and account correspondence sent directly to the eligible Real Estate/Agent
  • Fixed term Accounts available with our Premier Investment Account
  • At-call Accounts are available with our Business WebSavings Account.
Restrictions
  • Only available to Real Estate/Agents licensed to operate in Queensland or New South Wales
  • Cash, ATM/EFTPOS and telephone banking withdrawals or transfers are not permitted on Real Estate/Agents Investment Trust Account
  • Approval of an application for a Real Estate Agents Investment Trust Account is at the discretion of the Bank.

Interest Rates