PEXA source account

[Sumlou]

If I am using PEXA for lodgement of estate related documents - eg Transmission applications,; and do not ever act for purchasers or vendors in general conveyancing, and I do not have a trust account, will the Pexa source account be used for Pexa fees? 

[MeganTenn]

Hi Louise,

Great question!  When lodging a Transmission or Survivorship Application via PEXA, the fees are setup to direct debit from your office account, so you do not need a trust account for these types of standalone transactions.

If you are lodging a transfer to beneficiary, as there is a settlement date associated with this transaction, funds cannot be debited from office, but you can use the PEXA Source Account to cover the cost of this type of transaction.

You can find further information about the PEXA Source Account here: https://community.pexa.com.au/t5/Ask-the-PEXA-Community/PEXA-Source-Account-Critical-Information/m-p...