Westpac Deposits Transition to Bank@Post

The transition period from Westpac Deposits to Australia Post Bank@Post has been extended which is outlined below:

Presentment of cheque withdrawals on the 034-866 BSB is allowed until 31 January. Any presentment of a cheque after this date will be dishonoured.

It is encouraged clients start using the cheque book on BSB 704-922 as soon as it has been received. This is to mitigate cheques being dishonoured on the old BSB as much as possible.

Credit books on the 034-866 BSB are able to be used at all Westpac branches until 26 February 2021. This will mean clients will be able to use Westpac deposit facilities until that date.

Reminder: When depositing cash at Westpac there is a maximum deposit limit of $7,500.00.

If a Westpac branch refuses a deposit please inform us so we can advise the Westpac branch of the updated extension period.

We require the below information to inform Westpac:

  • Branch details (suburb, state)
  • Date and approx. time of day
  • Type of deposit (Cheque, cash or cheque and cash)
  • Approx. amount if known
  • If they refused service or warned it was ending soon
  • The account you were lodging to
  • How you made the deposit (Westpac book at counter, BED bag, ATM or single deposit slip)

Due to circumstances out of our control the credit book orders were put on hold. This was because an issue was identified during testing phase that would prevent clients from being able to use the Bank@Post facility.

Both our internal and external teams have been working around the clock to have this issue corrected.

We have now received confirmation that all credit books ordered have been mailed. We are subject to postal time frames of Australia Post, and should be received around mid to late February. We encourage you to continue using facility at Westpac until the deadline of end of February.

For further information or assistance with this, please contact our Client Services Team on clients@bfs.org.au.

Contact us

1300 650 542

Registered address

Level 4, 5 Saunders Close, Macquarie Park NSW 2113

BSBs

704-922 – EFT transactions
034-866 – Cash/Cheque deposits (Via Westpac branch)

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The accounts and investments in this advertisement are debentures products and not deposit products. Baptist Financial Services (BFS)  ABN 56 002 861 789 AFSL 311062 is a Registered Charity and issuer of the debentures products. BFS is not prudentially supervised by APRA. Therefore, an investor in our products will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. Investments in our products are intended to be a means for investors to support the charitable purposes of BFS. We are required by law to notify investors that our products are intended only to attract investors whose primary purpose is to support our charitable purposes, are not comparable to investments with banks, finance companies or fund managers, and investors may be unable to get some or all of their money back when they expect or at all. Persons should consider whether or not the debentures are appropriate for them.

Indue Limited ABN 97 087 822 464 (registered office located in Brisbane) is the issuer of the BFS Visa Prepaid Card and the BFS Visa Prepaid PayCard. AFS Licence No. 320 204. Baptist Financial Services Australia Limited ABN 56 002 861 789 (AFS Licence No. 311 062) is an agent of Indue. Please refer to the Financial Services Guides. The Product Disclosure Statements available for the BFS Visa Prepaid Card and the BFS Visa Prepaid PayCard can be obtained on our website at https://www.bfs.org.au. You should consider the Product Disclosure Statements in deciding whether or not to acquire any of these cards.

Notice: Transition from Westpac Deposits to Bank@Post ExtendedView Info
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