Choice Youth Notice of Authority and Third Party Access Authority (Online Banking) Agreement
The Account Holder, or the parent, grandparent or guardian on the Account Holder’s behalf, and the Third Party both agree to all of the terms set out below:
- The Third Party will be authorised to operate and sign on the Account independently, as follows:
- For all channels (subject to the terms and conditions of the Account):
o To draw cheques and other instruments.
o To stop any cheque or other instrument drawn on the Account(s).
o To overdraw an Account to any approved limit, and to the extent permitted by the Bank.
o To authorise (and cancel) Periodical Payments or Direct Debits and debit that Account with any charges or costs relating to such payments.
o To authorise (and cancel) Periodical Payments all parties are required to attend a branch to provide consent.
o To operate and enter into agreements to operate on the Account in any way permitted by the Bank including transactions by electronic, mechanical and other means including methods of access which may be introduced in the future.
o To request banking services and debit the Account with any charges or costs relating to such services.
o To close the Account.
o To make, accept, endorse or discount cheques and other instruments made payable to, or the order of the Account Holder.
o To make enquiries, give instructions and generally to request and receive information in relation to the Account.
o To give instructions as to the receipt of payments into the Account(s), including in relation to the registration of a PayID.
o Any other terms and conditions that the Account Holder may have agreed to
- Specific to Online Banking:
o To have Value Access via Online Banking, meaning the Third Party will be authorised to view the Account, transfer funds, and act on behalf of the Account Holder including to:
i. View the Account balance;
ii. View the Account’s transaction details and statements;
iii. Debit the Account via Transfer Funds; and
iv. Receive push notifications to their own device whenever transactions occur in relation to the Account.
- Westpac is authorised to follow all instructions and requests including making payments and providing information about the Account to the Third Party in Online Banking.
- Westpac is authorised to treat any transaction or instruction made by the Third Party, as being authorised without Westpac being required to verify with the Account Holder.
- Westpac is not required to check the accuracy of any instructions, request or notifications on the Account.
- Westpac is released from all actions, suits, proceedings, claims, costs and demands that may be made, brought or incurred by or against Westpac arising from any unauthorised instructions or transactions via Online Banking on the Account.
- the terms and conditions of the Account and the Online Banking terms and conditions apply to the Third Party’s access to the Account, and the Third Party has been made aware of this.
- This authority applies to the Choice Youth Account only.
- This authority will continue to apply to the Account until Westpac receives written notice in a form satisfactory to Westpac from the Account Holder or Third Party that it has been cancelled or amended.
- This authority cancels any previous authority the Account Holder has given to the Bank regarding the persons authorised to act except in relation to:
o instruments (including cheques, drafts, bills of exchange, promissory notes and other instruments) dated before the date of this authority and presented for payment after the Account Holder receive this authority, and
o any act done under the previous authority.
In all sections above:
- “Account Holder” refer to the Choice Youth Account Holder.
- “Third Party” refers to the parent, grandparent or guardian nominated to be a signatory on the Account at the time the Account is opened.
- “Account” refers to the Choice Youth Account opened for the Account Holder.
- “Westpac” is Westpac Banking Corporation ABN 33 007 457 141.