curiousgeorge

Hi Cobra,

Most strata managers operate an individual bank account for each OC and so funds should be directly deposited into the individual account.

In most but not all states strata managers are allowed to operate a common trust account for all of their OCs. This may the situation with your OC.

In Victoria there can be multiple OCs for one property and these can share a bank account despite being different OCs.

Which state is your OC in? I’m curious to know which manager you are using if you wouldn’t mind sharing.

[Please restrict naming the manager to a Personal Message (PM) the button for which you can find above the post on the right – JimmyT]