Legal & Realty Trust 


Business Trust Accounts

Legal and Realty Trusts are used to safeguard funds for clients until they are required for their intended purpose.  All fees and interest associated with these accounts are set by their governing bodies.


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Legal Trust

The purpose of a legal trust account is to enable law firms to safeguard funds received from clients or third parties. Legal trusts are critical to ensure money entrusted to lawyers for a specific purpose isn't comingled with law firm funds or used incorrectly. At Oshawa Community, our Legal Trust Accounts are regulated and therefore fees and interest are set by their governing bodies. Our Legal Trust Account has no monthly administration charge or service fees. To learn more, contact the branch or stop by to speak with one of our friendly and experienced Member Service Representatives.


Realty Trust 

A Realty Trust Account is used by real estate companies to control funds set aside for costs associated with real estate transactions. A Realty Trust also holds any other funds put forth by the buyer and/or seller prior to the closing date. At Oshawa Community, our Realty Trust Accounts are regulated and therefore fees and interest are set by their governing bodies. Our Realty Trust account has no monthly administration charge or service fees.  To learn more, contact the branch or stop by to speak with one of our friendly and experienced Member Service Representatives.

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