- Do I have to bank with the CBA to have a CBA EFTPOS terminal?
No. The CBA can transfer all funds directly from the CBA EFTPOS
Terminal to your nominated bank account, no matter which bank you are
with.
- Are there any additional costs to transfer funds from the CBA
EFTPOS Terminal to my nominated bank account?
No. There are no other costs to transfer the funds from the CBA EFTPOS
Terminal to your nominated bank account, no matter which bank you use.
- How long does it take for the funds to transfer from my CBA
EFTPOS Terminal to my nominated account?
If you bank CBA, overnight. What you transact today will be in your
account first thing next business day. If your account is with another
bank, other than CBA, it will take 24 hours for the funds to be cleared
into your account. CBA clears the funds to your bank overnight. Your
bank receives the funds the following business day. Your bank then
clears the funds into your account the next night to be available first
thing next business day. Eg. If you are with another bank, what you
transact on Monday, will be in your account first thing Wednesday
morning.
- Are there any additional charges other than what is shown on the
National Footwear Retailers Association (NFRA) Group Deal information?
No. The CBA has disclosed to NFRA all charges relevant to our EFTPOS
terminals.
- Is there a contract period?
No. The CBA only requires 1 months written notification for termination
of an EFTPOS Terminal.