Five simple steps
You provide the goods/services to your customer and invoice them.
You send the invoice details to Bank of Melbourne electronically.
We make available up to 85% (depending on product choice) of the value within 24 hours (excluding public holidays and weekends). Just access your account via the secure website provided by Bank of Melbourne and transfer your available funds as required.
When your customer pays, Bank of Melbourne deducts the amount initially drawn by you and refunds the balance to you, less any fees and charges.
If Invoice Discounting Plus, you also provide regular data on the levels of Stock and/or Plant and Equipment and Bank of Melbourne provides funding to the agreed level.
Just access your account via the Bank of Melbourne secure website and transfer your available funds as required.
Invoice Discounting and Invoice Discounting Plus Facilities are provided by Bank of Melbourne – A Division of Westpac Banking Corporation | ABN 33 007 457 141 AFSL 233714 Australian credit licence 233714.