ANZ

The ANZ website contains the following categories:

The Business category contains the following sections:

Transaction Banking

ANZ Statutory Trust Account

For funds held in trust for your customers under applicable legislation.

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
Purpose
A transaction account for solicitors, real estate agents and anyone who is required by law to hold money in trust for customers.
Interest
In accordance with legislation, interest earned on the ANZ Statutory Trust Account must be paid to a government body or institute.
Transactions*
Effective 19 December 2007, ANZ will no longer charge an Account Service Fee, accounts will receive nil free transactions*.
Ways to access your account
  • 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).
    		•
    Business overdraft
    Not available with this account. The ANZ Statutory Trust Account must always have a credit balance.
    Cheque facility
    An optional cheque facility is available.
    Statements
    Monthly or on request. You also have 24 hour access to your account details via ANZ Internet Banking** and ANZ Phone Banking**
    Fees and charges
    For all fees and charges, please refer to ANZ Business Banking Transaction Fees and Charges.
    Tell me more about...
    Computer ANZ Internet Banking
    $ ANZ Business Classic Account
    Open an account...
    Phone Call 1800 801 485 Monday – Friday, 8am-8pm
    Branch Visit any ANZ branch
    Questions...
    Email Send an online enquiry
    Phone Call 1800 801 485 Monday – Friday, 8am-8pm

    * Transaction includes any deposit, withdrawal or transfer, cheques drawn by you and any cheque or manual merchant slip deposited to your account. For example, a deposit to an account with two cheques will count as three transactions, one for the deposit (which if Staff Assisted will be charged as a branch transaction) and one for each cheque lodged because each cheque requires individual processing.

    ** Temporary service interruptions may occur. Technical requirements apply.