Transition of branch services from Westpac to Bank@Post delayed

The transition from the Westpac branch agency arrangement to Australia Post’s Bank@Post service has been delayed.

Initial testing conducted by CCFS payments partner Indue revealed the need for additional programming and configuration changes. As a consequence, the new cheque and deposit books referred to in our earlier communication with clients have been held pending approval to release.

Westpac have extended the current arrangements until 28 February 2021 to allow the required changes to be made. CCFS customers can continue to use existing cheque and deposit books until the new Bank@Post books arrive. It is possible some Westpac staff will be unaware of the extension and may refuse to accept funds. If this is the case, simply advise of the extension and ask that they place the forms in their nightly batch processing work. Alternatively, you can contact the CCFS office for follow up.

The new books may be used as soon as they are received at Australia Post Bank@Post outlets. Customers should note that current Westpac books will not be accepted at Bank @Post outlets and similarly, Bank@Post books will not be accepted at Westpac branches.

 

The accounts and investments in this advertisement are debentures products and not deposit products. Churches of Christ Financial Services is a division of Baptist Financial Services (BFS) ABN 56 002 861 789 AFSL 311062 is a Registered Charity and issuer of the debentures products. BFS (and therefore CCFS) is not prudentially supervised by APRA. Therefore, an investor in our products will not receive the benefit of the financial claims scheme or the depositor protection provisions in the Banking Act 1959. Investments in our products are intended to be a means for investors to support the charitable purposes of CCFS. We are required by law to notify investors that our products are intended only to attract investors whose primary purpose is to support our charitable purposes, are not comparable to investments with banks, finance companies or fund managers, and investors may be unable to get some or all of their money back when they expect or at all. Persons should consider whether or not the debentures are appropriate for them.

Indue Limited ABN 97 087 822 464 (registered office located in Brisbane) is the issuer of the CCFS Minister’s Expense Card Visa Prepaid Card (MEA Visa). AFS Licence No. 320 204. Churches of Christ Financial Services is a division of Baptist Financial Services Australia Limited ABN 56 002 861 789 (AFS Licence No. 311 062) and is an agent of Indue. Please refer to the Financial Services Guides. The Product Disclosure Statements and Target Market Determinations are available for the MEA Visa Prepaid Card and can be obtained on our website at https://www.ccfsaustralia.org.au. You should consider the Product Disclosure Statements and Target Market Determinations in deciding whether or not to acquire this card.

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