Using VISA Debit card at Woolworths to count as EFTPOS transaction

Using your VISA Debit card to shop at stores in the Woolworths group will be different from Thursday, 15 April.

From that date, Woolworths Limited will no longer allow customers using VISA debit cards to choose the “credit” option at the register.

Instead, shoppers will need to press the “cheque “or “savings” buttons, and enter a PIN, so that the transactions are processed through the EFTPOS system.

That’s important for members to realise, as it could impact on your fee-free status.

That’s because a number of Heritage accounts have limits on the number of fee-free EFTPOS transactions allowable each month. Using the VISA debit card at a Woolworths group outlet will now count toward this EFTPOS transaction tally.

It’s important to understand that this change only affects VISA debit card purchases at stores in the Woolworths group – including Woolworths Supermarkets BIG W, Safeway Supermarkets, Woolworths Liquor, BWS, Dan Murphy’s, Dick Smith, Tandy, Woolworths Petrol, Safeway Petrol, Caltex Woolworth petrol outlets, Thomas Dux and ALH (bottle shop).

If you need more information about this change, please call the Heritage Contact Centre on 13 14 22

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.