Same Day Settlement
Bank of Melbourne Same Day Settlement allows you to access your Bank of Melbourne EFTPOS terminal's settlements on the same day, 7 days a week including weekends and public holidays.
Don't wait until Monday
If your business trades daily, including weekends, don't wait until Monday to receive your weekend EFTPOS settlements. Switch to Bank of Melbourne now to receive your EFTPOS funds on the same day, every day of the year.
What are the benefits of Same Day Settlement?
- Improved cash flow
- Access to funds, 7 days a week - pay suppliers, pay staff or place orders
- Simplify reconciliation – keeping track of payments is made easy as payments will appear in the your account on the same day
- Get a better understanding of your financial position at any time
Settle your Bank of Melbourne EFTPOS terminal into a Bank of Melbourne Business transaction account before 9PM Melbourne time. (Terminals can only be settled once in a 24 hour period). Excludes UnionPay transactions.
Applications for merchant facilities are subject to approval. Conditions, fees and charges apply.
You can only settle a Bank of Melbourne issued EFTPOS terminal once within a 24 hour period. Settlement can take place 7 days a week, 365 days a year - subject to system maintenance and availability.