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Michael Rogers, the so-called "trolley man", drew widespread praise for pushing the trolley repeatedly at Hassan Khalif Shire Ali as the 30-year-old man attempted to stab police.

Michael Rogers, now known as "trolleyman", was spared time behind bars by Melbourne magistrate Bob Kumar on Saturday but under strict conditions that he stay away from Melbourne CBD, observe an overnight curfew and report to police daily.

Just a day before the attack on Bourke Street, it's alleged Rogers broke into a CBD cafe and took $500 from the till.

Donna Stolzenberg, CEO of the Melbourne Homeless Collective that set up the GoFundMe campaign, told the Herald Sun she was with Rogers on Thursday evening when he rang police about their concerns and that he would "own up and do the right thing" if there were any charges.

Rogers made a brief appearance in the Melbourne Magistrates Court, and is expected to appear again later this weekend to apply for bail.

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Humbled by public generosity giving him the opportunity to turn his life around, "Trolley Man" made a decision to face the music and turn himself in to police. "He's never handed himself in to the police", she said. "They gave him the opportunity to turn his life around".

The police prosecutor argued on Saturday that Rogers did not deserve bail as he posed an unacceptable risk of reoffending and had a lengthy criminal history.

Rogers is being assessed for a court support program which would allow him to be bailed with conditions including that he receive treatment and community support services.

The court heard Rogers would not have free access to the thousands of dollars donated to him.

Rogers' case returns to court on November 27.