Accessible under the Transfers menu.
This function will allow you to electronically transfer funds from one of your account to another account; either within your membership, to another membership or to an account at another Australian financial institution.
To use this function:
You can set up transfers to a Heritage credit product that will automatically calculate your payment amount.
For a Credit Card or Line of Credit account you can choose from:
For a Personal Loan or Mortgage* you can set your repayment to be ‘Repay’ which will divide your required monthly payment by the time period you have selected. For example, if your monthly required payment is $2000 and you have selected the ‘Weekly’ payment option, your payment per week will be set to $500 (the monthly amount divided by four), until your monthly repayment amount changes. If the monthly amount changes, then the weekly amount will also change in the next payment cycle. This calculation will not take into account the number of payments that will be taken before your first automatic repayment, so please ensure you will have made sufficient payment to cover the amount of your first repayment.
If you require assistance calculating whether there will be enough weekly or fortnightly payments in your account prior to the repayment due date, please contact your local branch or our Contact Centre on 13 14 22.
If you would like to enable a scheduled payment of this type:
*Principal & Interest Loans only. If you require assistance with an Interest Only loan type, please contact your local branch or our Contact Centre on 13 14 22.