How to manage your Farm Management Deposits online

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Save time by managing your Farm Management Deposit accounts online via Westpac Online Banking on desktop and mobile.

This will allow you to:

 

  • Provide maturity instructions during the Variation Period1
  • Select the length and interest rate of a maturing Farm Management Deposit which you wish to renew
  • Disburse some or all of your funds on a maturing Farm Management Deposit to a linked account or another Australian financial institution
  • Receive notifications via Message Centre and emails when your Farm Management Deposit is maturing.

Ready to manage your account?

Just sign in from a desktop to get started - no need to call or visit a branch.

 

  1. Click on the Farm Management Deposit tile
  2. Under Maturity Instructions, choose what you want to do
  3. Renew, withdraw, amend, or close your account in seconds.

 

Managing your Farm Management Deposit online is easy. If you need any help, see our step-by-step guide below.

 

Westpac Online Banking is available to update Term Deposits from 8.00am to 9.30pm Monday to Friday and 8.00am to 4.00pm on Saturdays (Sydney time).

 

Renew online

How-to guides

Review instructions for your Farm Managed Deposit(s)

2. Under Maturity instructions, choose Check interest rate.


Desktop


Mobile

3. If the details are correct and no changes are required, there’s nothing more to do. Your Farm Management Deposit will roll over at the end of the Variation Period1 following the instructions displayed.


Desktop

Change the amount deposited

2. Choose the account you wish to adjust, then select Make changes and renew account then click/tap Next.

 

Important Note: Deposits can only be managed within the 6 day variation period once matured.


Desktop


Mobile

3. For mobile click on Renewal amount (desktop will not need to complete this step) then select Reinvest part of the deposit amount, then enter the amount to withdraw and choose the account to Withdraw funds to.


Important Note: If a third party has access to manage your Farm Management Deposit, they are able to direct the portion withdrawn to be paid to other accounts that may not necessarily be in your name.


Desktop


Mobile

4. Compare interest rates and terms, then select either your current term or a different rate and term. Then tap/click Next.
 

Tip

If you don't see "A linked account" tab, you may not have a Westpac Account eligible for transfers to/from [or] you may not have the access to transact on that account. Please check with your Administrator.

Change the term of the deposit

2. Select either Reinvest original deposit amount or Reinvest part of the deposit amount.


Desktop


Mobile

3. Compare interest rates and terms, then select either your current term or a different rate and term. Then tap/click Next.


Desktop


Mobile

Change the frequency of interest payments

2. For Mobile click on Select an account and if on laptop select the Pay interest to option to provide the account you wish to pay interest into. Then tap/click Next.


Desktop


Mobile

Important Note: If a third party has access to manage your Farm Management Deposit they are able to direct the interest to be paid to other accounts that may not necessarily be in your name.

Review any changes made and renew

2. Review changes made to your Farm Management Deposit. If details are correct, tap/click Renew Term Deposit


Desktop


Mobile

3. You will receive a notification via Messages Centre and by email confirming the details of your renewed Farm Management Deposit.

Close and Disburse your Farm Management Deposit 

2. Under Maturity instructions, select Make changes.


Desktop


Mobile

Tip

From a desktop, another way to manage your deposits you can also select Services and preferences > Services and under Account Services select Manage Term Deposits.

3. Close your Farm Management Deposit by selecting Close account and withdraw everything, then tap/click Next.


Desktop


Mobile

4. Choose to pay the closing balance to either a linked account or an external account, then tap/click Next.


Important Note: If a third party has access to manage your Farm Management Deposit they are able to direct the balance to be paid to other accounts that may not necessarily be in your name.


Desktop


Mobile

5. Review the details of the Farm Management Deposit closure, then tap/click Close.


Desktop


Mobile

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Things you should know

1 'Variation period' means 6 business days from the maturity date of the Term Deposit.