In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Bendigo Bank Trust Account

Bendigo Bank Trust Account
Account keeping fee
$0

Summary

Open a trust account that provides easy access to your money while earning interest.

The Bendigo Trust Account works in holding money in a trust that is not subject to regulation by any governing body. If the balance in this account exceeds a certain limit it starts attracting interest. You don’t have to pay any account keeping fees to maintain this account, and you can access your money in different ways.

Pros

  • Many Bendigo Bank branches available
  • No monthly account service fee
  • Fee rebate available

Cons

  • No debit card access

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Bendigo Bank Trust Account
Monthly account fee $0
Card access No Debit card
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Eligibility

Joint account availability No
Minimum opening deposit N/A

Key features

Account keeping fees

This account does not attract any ongoing account keeping fees.

Fee rebate

The Bendigo Trust Account comes with a $6 fee rebate that works in offsetting eligible transaction fees. However, this account does not qualify for any other rebate.


How to apply

To open this trust account you should get in touch with a Bendigo Bank business banker and to submit an online enquiry visit Bendigo Bank website. Bendigo Bank provides an Easy Switching process that simplifies the process of changing banks. To contact a business banker, you have the following options:

  • Speak to business banker over the phone
  • Submit an online enquiry

Your reviews

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Leigh W

June 27, 2023

My father, who has just recently passed, holds an account with Bendigo Bank.


I would like to know 2 things:


– The process and first steps required for setting up a trust account under his name


The bereavement process for closing his current account.


Thanks,


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Raj Lal Finder

June 27, 2023

Hi Leigh,

I am sorry to hear about your loss.


It would be best to contact Bendigo Bank in regards to this matter. You can find their contact details here https://www.bendigobank.com.au/contact-us/.


Thanks

Raj


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