Real Estate Trust Accounts

Why choose our Real Estate Trust Accounts?{yellow-border}

Account types

Variable at-call and fixed rate accounts available

Exclusive control

Accounts established under the exclusive control of the eligible Real Estate/Agent

Direct correspondence

All statements and account correspondence sent directly to the eligible Real Estate/Agent

Real Estate Investment Trust Account{yellow-border}

Real Estate/Agents Investment Trust Account allows real estate and other agents to open an interest-bearing account to hold trust money which they hold on behalf of a client. These accounts are used when agents will hold trust money for an extended period (generally a period greater than 60 days).

For New South Wales customers, Real Estate/Agents Investment Trust Accounts are only available for existing customers who already hold a general Real Estate Trust Account with BOQ.

Variable At-Call accounts are available with our Business WebSavings Account.

Earning high interest with no monthly account keeping fees and unlimited transfers.

Tab Title

Variable At-Call Account

Fixed term accounts are available with our Term Deposit.

Be rewarded with higher interest if you deposit more than $5,000. The longer you lock in your funds, the greater return you'll receive.

Tab Title

Fixed Term Account

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Statutory Trust Accounts{yellow-border}

QLD PAMD (Property Agents & Motor Dealers) Trust Account

Available to licensed property agents and motor dealers to hold funds in trust for clients in QLD only
Complies with trust account legislative requirements in the Property Occupations Act 2014, Agents Financial Administration Act 2014, Motor Dealers and Chattel Auctioneers Act 2014, and Trust Accounts Act 1973 (QLD).
Standard monthly account maintenance fee of $6.00
Access the account via cheque book, in-branch or through Internet Banking.

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Important information{yellow-border}

For important information on the Farm Management Deposit Accounts, view the Terms and Conditions.

Business Banking Guide to Fees and Charges

PDF{sub-tag}

/content/dam/boq/files/terms-and-conditions/business/business-banking-guide-fees-and-charges.pdf

Business Transaction and Investment Accounts Terms and Conditions

PDF{sub-tag}

/content/dam/boq/files/terms-and-conditions/business/business-transaction-and-investment-terms-and-conditions.pdf

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What you need before you apply{yellow-border}

Information required

To open a Statutory Trust Account, bring the following information into your local branch. You can download the applicable checklist from here.

A copy of your Agent's licence
Your name, address, date of birth and occupation
Details of the name of the account
Details of all signatories to the account
Any other name by which you or any signatories may be known (such as a maiden name)
The name, address and date of birth of any director, officer or authorised person of the company that the account is held in
Your Tax File Number (TFN) (not compulsory)

If you or any signatories on your Account are not already a customer, please contact one of our branches to determine what identification is required to open your Account. You can download the individual checklist here. Generally you can satisfy our identification requirements by providing the following: