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Receive your daily business takings in an instant

Support your cash flow by accessing business income the same day you receive it.

With Westpac Instant Settlement you can access your Westpac EFTPOS machine takings almost instantly after settlement into your Westpac transaction account once every day by 9.30 pm – meaning you can start using your earnings immediately1.

How does Instant Settlement for EFTPOS work?

  • Available with all Westpac EFTPOS machines (EFTPOS Now, EFTPOS Connect and Presto Smart
  • Applies only to Mastercard, Visa and eftpos transactions (plus UnionPay if using EFTPOS Now or EFTPOS Connect)
  • EFTPOS machines can only be settled once each day (which must occur before 9.30pm Sydney time)    
  • Allows you to pay suppliers and staff and make ATM withdrawals as soon as your EFTPOS takings are settled – subject to funds being available
  • For easy tracking, payment amounts will appear in your Westpac business 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 (EFTPOS 1 and Presto Smart terminals) and between 9:30 pm and 11:00 pm (EFTPOS Now 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 and EFTPOS Connect terminals and after 11:59 pm for EFTPOS 1 and 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.

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