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Receive your daily business takings in an instant

Support your cash flow by accessing business income as soon as you settle.

With Westpac Instant Settlement you can access your Westpac EFTPOS machine takings from your Westpac business transaction account instantly after settlement - meaning you can start using your takings immediately1.

How does Instant Settlement for EFTPOS work?

  • It's available with all our EFTPOS machines (EFTPOS Now, EFTPOS Now with Presto, EFTPOS ConnectPresto Smart and EFTPOS Flex
  • It only applies to Mastercard, Visa and eftpos transactions (plus UnionPay if using EFTPOS Connect)
  • EFTPOS machines can only be settled once a day before 9.30pm Sydney time    
  • It allows you to pay suppliers and staff and make ATM withdrawals as soon as your EFTPOS takings are settled – based on funds being available
  • For easy tracking, payment amounts will appear in your Westpac bank account immediately after settlement.


Things you should know
1. Westpac instant settlement functionality is not available between 9:30 pm and 11:59 pm (Presto Smart terminals) and between 9:30 pm and 11:00 pm (EFTPOS Now, EFTPOS Now with Presto, EFTPOS Flex and EFTPOS Connect terminals) - Sydney time. You can only perform a settlement once a day, before 9:30 pm (Sydney time). A settlement done after 11:00 pm for EFTPOS Now, EFTPOS Now with Presto, EFTPOS Flex and EFTPOS Connect terminals and after 11:59 pm for Presto Smart terminals, will be processed as a settlement for the next day. Subject to system availability, settlement can take place 7 days a week. Settlement must be to an eligible Westpac transaction account. Instant Settlement functionality is not available on Corporate Online. Instant Settlement is only available for Mastercard®, Visa® and eftpos transactions (plus UnionPay if using EFTPOS Connect).

Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Visa® is a registered trademark of Visa International Service Association.

UnionPay is a registered trademark of China Union Pay Co., Ltd