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Corporate Online enhancement – 3 December 2018

Effective from Monday, 3 December 2018, the following improvements to Corporate Online have been made to simplify your online banking.

Improved security and alerting

When saving a Payment file template or using the Payment file creation feature in Corporate Online a check will be made to identify if the Account number for the beneficiary has been used previously within the Australian or New Zealand payment file.

If the account details are identified to not have been previously paid, a “new” symbol will display, making it much easier to identify that additional verification is required.

New standard cut off time for Funds Transfer

The standard cut off time to authorise a Funds Transfer between Westpac bank accounts domiciled in Australia or to a Westpac Commercial Card on a business day has been extended from 9:00pm AEST/AEDT to 11:59pm AEST/AEDT.

Term Deposits

Improved warnings and indicators are now provided if a Tax File Number (TFN) / Exemption or Australian Business Number (ABN) has not been entered for a Term Deposit.

Administrators will be issued a message when a new Term Deposit has been opened, advising that the account can now be added to an account group for viewing.

Need help?

Please refer to the Corporate Help Desk contact details and hours of availability for further details