Business account
Includes all the facilities required for day-to-day business transactions, no monthly account keeping fees plus:
Available2
Calculated daily, paid 6 monthly
Monthly
Nil
Branch, Internet Banking, Mobile Banking app and Phone Banking
Create information feeds to accounting software and facilities such as MYOB BankLink and Xero3
Cashcard, Visa Debit Card1
Send and receive
Yes, Available on application
$1.00
Available only to registered real estate agents
Account Balance | Rate |
---|---|
$100,000 and over | 0.01 % p.a |
$50,000 to $99,999.99 | 0.01 % p.a |
$20,000 to $49,999.99 | 0.01 % p.a |
$5,000 to $19,999.99 | 0.01 % p.a |
up to $4,999.99 | 0.01 % p.a |
PDS – Fees Charges and Limits | |
IMB Member Guide to Transaction Banking – Product Disclosure Statement |
Business account
To open a Real Estate Trust Account, you will need to provide IMB with a ‘Notice of Opening a Trust Account’ from NSW Fair Trading with a unique identifying number FTUID. This is needed by the bank to show that you are licensed in NSW.
Monthly
Nil
Branch, Internet Banking, Mobile Banking app, Direct Credit, EFT, Direct Debit and PayTo Payments.
Create information feeds to accounting software and facilities such as MYOB BankLink and Xero3
Not available
No
No
$1.00
Available only to registered real estate agents
No interest is paid to this account.
Transactions fees do not apply to Real Estate Trust Accounts.
INSTANT CUSTOMER PAYMENTS
Faster payments across over 50 financial institutions, 24/7 – even weekends!
You can use 28 characters to describe who’s getting paid and why, including emojis – whatever characters you need!
You can use a PayID to pay and get paid with something simple like a registered mobile, email or ABN. Or you can still use a BSB and account number.
It’s backed by BPAY® and us, so it’s very secure.
Security is a fundamental right for our customers, and we hold it as one of our core values.
General
Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply.
You should consider the relevant Terms and Conditions or Member Guide to Transaction Banking - Product Disclosure Statement before deciding whether to acquire any IMB products or facilities. Target Market Determinations available here.
Osko and BPAY are registered trademarks of BPAY Pty Ltd ABN 69 079 137 518.
Rates and features
1. $1.60 monthly VISA Debit Card fee applies. IMB Visa Debit Card is only available to Members aged 15 years and over.
2. Merchant Facilities provided by Westpac Banking Corporation ABN 33 007 457 141, AFSL 233 714 and Mint PaymentsABN 51 122 043 029. Terms and conditions, fees and charges apply.
3. Xero is provided by Xero Australia Pty Limited and MYOB Banklink is provided by MYOB Australia Pty Ltd. Terms and conditions, fees and charges apply.