You could reduce your business borrowings, and increase your purchasing power, all within 24 hours of receipt of your invoice data.
That’s the power of Invoice Discounting.
It is for businesses who wish to access the money tied up in their invoices, but who wish to collect their invoice payments and manage and maintain their own debtors ledger.
It is designed for well-established companies who sell to other businesses on credit terms and who have expertise in managing and maintaining their debtors ledger.
Bank of Melbourne offers "Cashflow Connect", our secure internet site which gives you access to up to 85 per cent of your invoice value within 24 hours1.
The facility is not disclosed to your customers - you do your own collections and send out your own monthly statements.
Learn how this solution can work for businesses in the following industries:
1. 24 hour access to funds is subject to systems availability. Excludes weekends and public holidays.
Invoice Discounting and Invoice Discounting Plus Facilities are provided by St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.