Blog

Author: DavidBryde

New Solicitor Trust Account

Our Product Manager David Bryde hopes The Greater’s new Solicitor Trust Account is his only brush with the law.

Solicitors often have to hold clients’ funds in the course of the provision of legal services. Under the Legal Profession Act 2004, a general trust bank account can only be established in an approved authorised deposit-taking institution (approved ADI).

The Greater has become the latest financial institution approved to hold general trust accounts in New South Wales. There are currently only 11 banks, three building societies and three credit unions with Solicitor Trust Accounts. The Greater is the only mutual financial institution in the lllawarra and NSW South Coast to operate such an account.

Our Solicitor Trust Account is perfect for solicitors. It provides easy and convenient access to funds via cheque, EFT transfers, Internet Banking, Mobile Banking or any of our branches. Greater business accounts have low fees and you also get The Greater’s outstanding customer service and longer branch opening hours.

I am sure that our work in establishing this account will be my only brush with the law.

The Greater also offers a Real Estate Trust Account.

To open a Solicitor Trust Account or a Real Estate Trust Account simply call us on 1300 651 400 or visit your local branch.

Comments

Leave a comment