Payment Facilities
Direct Credits
This service enables you to have funds paid directly into one or more of your Satisfac accounts by other organisations or persons (third parties).
Tax refunds, share dividends, superannuation & Social Security benefits, foreign pensions and rent receipts are examples.
Benefits
An important advantage of Direct Credits is that they represent funds that are available immediately whereas cheque deposits require a number of clearance days before funds are available.
Members who use Direct Credits are also contributing to operating cost savings as this system is much less expensive than processing cheque, money order or cash deposits.
Splitting of credits
It is also easy for us to arrange for your regular Direct Credit payments to be split up and credited to your Satisfac accounts (eg Home Loan repayment, Christmas Savings account). Simply let us know what your requirements are.
We automatically credit your main operating account (eg. S1, S88) if we do not hold specific instructions from you.
This is a FREE service. However, other fees and charges are payable in some circumstances.
Information Required by Third Parties
There are three pieces of information that third parties need to have for successful transmission of Direct Credits
- Satisfac's BSB number which is 805-007.
- The Satisfac membership number to be credited
(eg 1234567).
- The surname and initials of the Member to whom funds are to be credited (eg. Smith, J & J).
Fees & Charges
Fees and charges are payable in some circumstances. See our Fees & Charges schedule under the Rates & Fees link above.
Conditions of Use
A copy of the 'Conditions of Use - Electronic & General Access services' can be downloaded by using the Forms & Publications link below.
|
