These conditions of use do not replace or vary any other terms and conditions that apply to your accounts. If the terms and conditions applying to any BankWAW account accessed through BankWAW Internet Banking are inconsistent with these conditions of use, then these conditions of use override those terms and conditions to the extent of inconsistency.
The terms and conditions specific to BPAY® Scheme and to Osko (New Payments Platform) transactions are included within this document.
Please read carefully through the terms and conditions now and if you do not understand any part of them or if you have difficulty using the service please telephone 02 6022 8444.
Do not access the BankWAW Internet Banking system without understanding these terms of use.
Before you acquire this product, we recommend that you consider the relevant Product Disclosure Statement and our Financial Services Guide. Our Financial Services Guide is available on our website www.bankwaw.com.au, and as with the Product Disclosure Statement, from any BankWAW Service Centre or by calling 02 6022 8444.
Upon your acceptance of these terms and conditions and registration for BankWAW Internet Banking we will issue you with a BankWAW Internet Banking password. Registration is affected by completing and signing the BankWAW Internet Banking application form that follows these terms and conditions.
Should you already be a registered user of BankWAW Internet Banking, your access to this website is subject to these terms and conditions, the BankWAW Privacy Statement, notices, disclaimers any other terms and conditions or other statements contained on this website. By accessing, viewing or otherwise using this website, you agree to be subject to these Terms of Use.
BankWAW may, at its sole discretion, vary or modify these Terms of Use without notice. Any subsequent access to, or use by you of the website will constitute an acceptance of those modifications. By accessing this website, you acknowledge receipt of the relevant Financial Services Guide.
Definitions
You: The customer or any person authorised to act on your behalf. Any other grammatical form of the word 'you' has a corresponding meaning.
We/BankWAW/BankWAW: WAW Credit Union Co-operative Limited, trading as BankWAW, ABN 48 087 651 787. Any other grammatical form of the word 'we' has a corresponding meaning.
BankWAW Internet Banking: BankWAW’s Internet Banking Service.
Mobile Banking: BankWAW’s Internet Banking Service accessed via BankWAW’s Banking App that has been downloaded to an internet-enabled smart mobile device or accessed via internet-enabled smart mobile devices. You must be registered to use BankWAW’s Internet Banking Service to use the BankWAW Banking App.
Authorised User: Authority to Operate or Authorised Signatory as being a person authorised by you to operate an account.
BPAY ® Scheme: the electronic payments scheme through which you ask us to make payments (BPAY Payments) on your behalf to organisations ( Biller’s ) who tell you that you can make payments to them through this scheme. We will tell you if we cease to be a member of this scheme. BPAY®, registered to BPAY Pty Ltd ABN 69 079 137 518.
New Payments Platform (NPP): The NPP will allow you to make and receive electronic payments in near real-time (typically in less than 1 minute) between BankWAW and other participating Authorised Deposit-taking Institutions 24/7, 365 days a year. Your access to the NPP is via BankWAW Internet Banking and Mobile Banking.
Osko: is a service built to work on the New Payments Platform which allows you to send and receive payments.
PayID: Is the identification you create from your accountholder contact details held by BankWAW and which you register for your BankWAW account. The PayID allows you to make and receive payments using the Osko service.
Customers are able to register:
Your password
In these conditions use of the word 'password' means the personal password that is issued to you upon registering to use BankWAW Internet Banking. To log on to BankWAW Internet Banking the password must be used in conjunction with your ‘Customer Login', which may be your customer number.
The password is the BankWAW's means of identifying you. Your customer login and password will permit any person using these details on BankWAW Internet Banking to access, operate and transact on any account linked to BankWAW Internet Banking.
As a result we strongly advise members not to divulge their passwords to any other person or entity. By divulging your customer login and password you may increase your personal liability in the event of a loss arising from fraudulent transactions.
When you apply for registration, you will be provided with a customer login and a password. Once you have been registered to use BankWAW Internet Banking you will need to change the initial password to another password before you can conduct any further enquiries or transactions.
If you have forgotten your internet banking password, customers having a valid BankWAW Visa debit card and registered for SMS-OTP are able to change their password at the BankWAW internet banking login.
Authorised users
If you have previously or in the future nominated an authorised user to your account(s) you acknowledge that:
-
each authorised user nominated by you to have access on your account(s) can apply to use the BankWAW Internet Banking service and, by using the service, can access, operate and transact on your linked account(s) in the way that you can
-
any variation to existing account authorities must be lodged on the approved form available at any Service Centre of BankWAW
-
any joint customership or joint account for which BankWAW holds a standing instruction that two or more parties to the customership or account must sign to transact on that customership or account must observe security requirements as set out in these Terms and Conditions. If you fail to do so you may incur increased liability for unauthorised use of your password.
-
you are responsible for any use of the service by an authorised user including all transactions performed by any authorised user who has access on your account(s), through BankWAW Internet Banking, as if that use were by you. You are also responsible for ensuring that each authorised user complies with all obligations and responsibilities imposed on you under these Terms and Conditions.
Using a terminal
When you use your member login and password to log on to a terminal, you authorise us to act on the instructions entered into the terminal.
Transactions
EFT batched payments:
If you instruct us to make a payment before 3.30pm on a banking business day (any day on which banks in Sydney and Melbourne are able to effect settlement through the Reserve Bank of Australia), it will in most cases be treated as having been made on the same day. However, the payment may take longer to be credited to another party if you instruct us to make a payment on a Saturday, Sunday or a public holiday or if a participant in the BPAY scheme does not process a payment as soon as they receive its details.
We may assign any date we consider appropriate to a debit or credit you carry out.
We may subsequently adjust debits and credits to accurately reflect the legal obligations of you and us. If we do this, we may make consequential changes (including interest charges).
Osko (NPP) payments:
To make near real time payments via the NPP you must:
-
be registered for BankWAW Internet Banking
-
be registered for SMS OTP, you cannot use the NPP without this security measure
-
have registered a PayID to an account that is to be used for Osko payments.
You can use your PayID to make Osko payments to external accounts linked to the NPP.
You can receive Osko payments from external account holders linked to the NPP who use your PayID to make the Osko payments to your account.
Payments may be made or received via the NPP using only the account & BSB numbers but the ease of using a PayID is lost.
Customers must use the internet to complete the registrations that allow access to the NPP. The only exception to using the internet registration process is when business account holders (excluding sole traders) wish to register a business name or ABN for their PayID.
This must be done over the counter at any BankWAW Service Centre.
A payment via the NPP will not be completed unless the receiving account is also registered to access the NPP.
BankWAW may set and vary transaction limits at any time. Customers are able to apply to BankWAW for an increase to their daily transaction limits.
When you receive your Statement of Account you should carefully check that all entries are in accordance with your instructions. It is also good practice to review your online account records after immediately transacting on BankWAW Internet Banking.
You should report to us immediately any discrepancies including any transaction that you did not authorise.
If because of your delay in notifying BankWAW of any irregular or unauthorised transactions, BankWAW is unable to take advantage of any rights or remedies that may have otherwise been available to it to reverse or correct such transactions, you shall not be entitled to dispute your liability of BankWAW for the amounts of such transactions as disclosed in your statement of account.
You will be liable for and shall indemnify us against any loss or damage we will or may suffer arising from:
-
you failing to observe your obligations under these Terms and Conditions
-
because you have acted negligently or fraudulently when using BankWAW Internet Banking
-
because you have given incomplete instructions
-
because of insufficient available funds in the relevant account
-
because of the suspension of the service.
Nothing in these Terms and Conditions shall operate so as to exclude, restrict or modify the application of any of the provisions of the Australian Consumer Laws or equivalent state or territory legislation.
Transaction lists
A transaction list viewed, printed or downloaded from BankWAW Internet Banking does not constitute a statement of your account, which BankWAW is required to issue to you in accordance with the terms and conditions applicable to your account/s.
Security of your password
The security of your password is very important. You should memorise your password and then destroy any record of it. If you do not feel confident about remembering your code, you must make every effort to ensure that any record of your password is not misused, lost or stolen. If you fail to observe the security requirements set out in these Terms and Conditions you may incur increased liability for unauthorised use of your password.
You must:
-
not record your password on any item that is liable to loss or theft
-
not disguise your password by reversing the sequence or using alphabetical characters or numbers A = 1
-
not describe your password as a 'password', 'access code' or something similar
-
not keep your record of passwords, customer numbers and other confidential information together, they must be kept separate and apart from each other
-
not select or disguise your password by using dates of birth, family customers names, social security, licence or telephone numbers, other passwords, or combinations or parts of same
-
not store or use a memory aid to store your password in any low security electronic device of any kind, such as (but not limited to): calculators; personal computers, electronic organisers
-
not tell any person the password
-
not allow any person to read, watch the entry of or hear the password
-
not allow any person to use your personal information including, 'Customer Login', Visa card and SMS-OTP registration details to change your password.
-
immediately inform BankWAW in accordance with clause 6 of the loss, theft or unauthorised use of the password
-
regularly change the password for security reasons.
There may be other forms of disguise that may also be unsuitable because of the ease of another person detecting your password.
For any joint customership or joint account for which BankWAW holds a standing instruction that two or more parties to the customership or account must sign to transact on that customership or account you will be issued with multiple customer logins and passwords for each signatory/account holder.
For such 'two to sign' accounts, BankWAW will issue individual customer logins and passwords for each signatory and/or joint account holder.
BankWAW Internet Banking users will be prompted for two (or more based on the customers instructions to BankWAW) passwords to conduct internet banking transactions.
Loss of password and cancelling registration
If your password is stolen, you suspect that your password is known to someone else, you suspect any unauthorised use of your password you must immediately log on to BankWAW Internet Banking and change your password. During business hours you can change your password by telephoning BankWAW on 02 6022 8444.
You may request BankWAW to cancel your registration to use BankWAW Internet Banking by calling 02 6022 8444. We will inform you when the cancellation is effective. Any unreasonable delay in notifying us may result in possible increased losses from unauthorised transactions.
If your registration is cancelled, any future dated payments that you authorised using BankWAW Internet Banking may not be cancelled. These should be cancelled by contacting your nearest Service Centre or by calling 02 6022 8444 or 1300 368 555.
Liability for unauthorised transactions
Your liability for unauthorised transactions that occur through BankWAW Internet Banking where it is unclear whether you have contributed to the losses resulting from the unauthorised transaction will normally be limited to:
-
the balance of the accounts accessed through BankWAW Internet Banking, or
-
the actual loss incurred, whichever is the smallest amount
you are not liable for any losses that occur through BankWAW Internet Banking:
-
where it is clear that you have not contributed to those losses
-
for any unauthorised operation that occurs before you have received your password allocated to you by BankWAW
-
that are caused by the fraudulent or negligent conduct of BankWAW employees or agents
-
resulting from unauthorised transactions occurring after you tell us that any of your codes have been misused, lost or stolen or have become known to someone else or with your previous password after you change it to a new password.
You will not be liable for any unauthorised transactions that occur through BankWAW Internet Banking after you have given us notice that you no longer wish to use BankWAW Internet Banking and we have confirmed in writing that your access has been cancelled.
However, if you have contributed to the unauthorised use because you:
-
recorded or indicated your password on any item that is liable to loss or theft
-
disclosed your password (including to a family customer, friend or one of our staff)
-
allowed someone else to use your password
-
allowed someone else to use your personal information, including 'Customer login', Visa card and SMS-OTP registration details to change your password
-
did not sufficiently disguise your password (see condition 5)
-
selected any of the password combinations detailed in condition 5
-
allowed someone else to access your accounts by not logging off from BankWAW Internet Banking
-
have contributed to the unauthorised use by failing to immediately notify BankWAW of the unauthorised use of the password.
Your liability will not exceed the lesser of:
-
the balance plus any credit limit of the accounts you have access to using, or
-
the actual loss incurred - whichever is the smallest amount
For BPAY scheme liability, refer to the BPAY scheme terms and conditions.
Fees and charges
We may charge you and debit your account with any fees and charges that apply. At this time the provision of BankWAW Internet Banking does not attract fees, however certain transactions which may be performed may incur a fee and you are referred to the Credit Union's Fees and Charges brochure.
Information of BankWAW's current fees and charges are available at any BankWAW Service Centre, the BankWAW website www.bankwaw.com.au or by telephoning 02 6022 8444.
BankWAW reserves the right to impose new fees and charges or amend existing fees and charges in relation to the Internet Banking service.
Transactions to external accounts
Where debits are initiated from your BankWAW external accounts with other financial institutions BankWAW reserves the right to limit the dollar value of such transactions. Any variation in limits will be subject to BankWAW approval. The limits may be imposed on the basis of an individual transaction value, daily limit, weekly limit or annual limit.
BankWAW will not be liable for any delays or errors by or for the failure of other parties to accept or acknowledge receipt of, funds which you or an authorised user have instructed BankWAW to pay to or via that party or for delays in advising you or crediting you if a transfer or payment instruction is not successfully processed by another party.
Transactions to external accounts mean a transfer of value to an account held at another financial institution with a bank/state/branch number of six digits and an account number of up to nine digits or other customerships within BankWAW. Funds transferred will be credited to the first in number, active BankWAW account (for example S1, S4, S21, etc.).
Dispute resolution
BankWAW has established an internal procedure to resolve any disputes a customer, account holder or authority to operate may have with BankWAW, including any Internet Banking or BPAY payment or scheme dispute.
If the Internet Banking or BPAY payment dispute that cannot be satisfactorily dealt with by BankWAW's internal procedures, the dispute can be referred by the complainant to an independent external dispute resolution (EDR) scheme.
Details of both the Internal Dispute Resolution Procedure and the External Dispute Resolution Scheme are available on the BankWAW website via Support > Disclosure Documents or from BankWAW upon request.
Security of BankWAW Internet Banking
BankWAW will use such measures as it deems reasonable to help ensure the security of the internet banking environment, including firewalls and data encryption. Not withstanding this, BankWAW can not guarantee that data transmission over the internet is absolutely secure.
You are responsible for your own anti-virus and security measures and those of any authorised user, to prevent unauthorised access via BankWAW Internet Banking to your transactions. BankWAW will take all reasonable steps to ensure that the information that we make available to you through BankWAW Internet Banking is correct and updated regularly.
We will not be liable for or in connection with any inaccuracy, errors or omissions in that information because of the communication network, ancillary equipment or any other circumstances beyond our reasonable control.
Suspension
BankWAW may cancel your password or suspend your right to participate in BankWAW Internet Banking at anytime and without notice to you if:
-
BankWAW believes that the password is being misused or has been used to conduct an unauthorised transaction
-
the account holder has ceased to be a customer of BankWAW under Division 4 of the Constitution of the Credit Union
-
there are circumstances where BankWAW believes that a cancellation of the service is warranted.
Other conditions
BankWAW may at any time add to, remove, change or impose restrictions on, the functions of BankWAW Internet Banking in any respect.
Customer Owned Banking Code of Practice
If you are using BankWAW’s Internet Banking service wholly and exclusively for private or domestic use, the relevant provisions of the Customer Owned Banking Code of Practice will apply.
Changes to these conditions
We may change these conditions of use from time to time. If we do we will give you notice, as specified under the Customer Owned Banking Code of Practice. In particular you will receive advance notice of at least 20 days for any change to the conditions that introduces a new fee, charge or a circumstance that removes a benefit.
Jurisdiction
These terms and conditions and the transactions contemplated by these terms and conditions are governed by the laws of Victoria and each party irrevocably and unconditionally submits to the non-exclusive jurisdiction of those Courts.
Privacy information
BankWAW is governed by laws to protect the privacy of your personal information. In handling your personal information, BankWAW is committed to complying with the Privacy Act 1988, the National Privacy Principles and the Customer Owned Banking Code of Practice.
BankWAW uses your personal information to:
-
administer your customership and products and services
-
facilitate BankWAW's internal business operations, including fulfilment of any legal requirements
-
carry out confidential maintenance and testing of computer systems.
BankWAW may disclose your personal information, as necessary:
-
on a confidential basis to our agents, contractors or third party service providers that provide financial, administrative or other services for the purposes of BankWAW business
-
where the law requires us to do so
-
if you consent.
You are entitled at anytime to request access to personal information held by BankWAW about you and to ask BankWAW to correct this information where you believe it is incorrect or out of date. No fee will be charged for an access request but BankWAW may charge you the reasonable costs of giving you any information you have requested.
Should you wish to make such a request with respect to your accounts or other banking arrangements, you should write to BankWAW at PO Box 568 Wodonga 3689.
Our Privacy Policy sets out in detail our policies on management of personal information. This policy is available on our website www.bankwaw.com.au, or you may request a copy by phoning 02 6022 8444 or in person at any BankWAW Service Centre.
ePayments Code of Conduct
BankWAW warrants that it will comply with the requirements of the ePayments Code of Conduct as established by the Australian Securities and Investments Commission.
Specific BPAY TERMS AND CONDITIONS
These specific terms and conditions apply to the use of the BPAY® scheme via BankWAW Internet Banking. The terms and conditions for BankWAW Internet Banking also apply to the BPAY® scheme.
BPAY payments
-
We will not accept an order to stop a BPAY payment once you have instructed us to make that BPAY payment.
-
You should notify us immediately if you become aware that you may have made a mistake (except for a mistake as to the amount you mean to pay - for those errors see clause 1.6 below) when instructing us to make a BPAY payment, or if you did not authorise a BPAY payment that has been made from your account. Clause 2 describes when and how we will arrange for such a BPAY payment (other than in relation to a mistake as to the amount you must pay) to be refunded to you.
-
Subject to cut off time, Biller’s who participate in the BPAY scheme have agreed that a BPAY payment you will make will be treated as received by the Biller to whom it is directed:
-
on the date you make that BPAY payment, if you tell us to make the BPAY payment before our payment cut-off time on a banking business day
-
on the next banking business day, if you tell us to make a BPAY payment after our payment cut-off time on a banking business day, or on a non-banking business day.
-
A delay might occur in the processing a BPAY payment where:
-
there is a public or bank holiday on the day after you tell us to make a BPAY payment;
-
you tell us to make a BPAY payment either on a day which is not a banking business day or after the payment cut-off time on a banking business day;
-
another financial institution participating in the BPAY scheme does not comply with its obligations under the BPAY scheme; or
-
a Biller fails to comply with its obligations under the BPAY scheme.
While it is expected that any delay in processing under this agreement for any reason set out in clause 1.4 will not continue for more than one banking business day, any such delay may continue for a longer period.
You must be careful to ensure that you tell us the correct amount you wish to pay. If you instruct us to make a BPAY Payment and you later discover that:
-
the amount you told us to pay was greater than the amount you needed to pay, you must contact the Biller to obtain a refund of the excess; or
-
the amount you told us to pay was less than the amount you needed to pay, you can make another BPAY payment for the difference between the amount actually paid to a Biller and the amount you needed to pay.
Liability of mistaken BPAY payments, unauthorised transactions and fraud
We will attempt to make sure that your BPAY payments are processed promptly by the participants in the BPAY scheme, including those Biller’s to whom your BPAY payments are to be made.
You must tell us promptly if:
-
You become aware of any delays or mistakes in processing your BPAY payments
-
If you did not authorise a BPAY payment that has been made from your account
-
If you think that you have been fraudulently induced to make a BPAY Payment.
We will attempt to rectify any such matters in relation to your BPAY payments in the way described in this clause.
However, except as set out in this clause 2 and the BankWAW Internet Banking terms and conditions, we will not be liable for any loss or damage you suffer as a result of using the BPAY scheme.
If a BPAY payment is made to a person or for an amount which is not in accordance with your instructions (if any), and your account was debited for the amount of that payment, we will credit that amount to your account.
However, if you were responsible for a mistake resulting in that payment and we can not recover within 20 Banking Business Days of us attempting to do so the amount of that payment from the person who received it, you must pay us that amount.
If a BPAY payment is made in accordance with a payment direction which appeared to us to be from you or on your behalf but for which you did not give authority, we will credit your account with the amount of that unauthorised payment. However, you must pay us the amount of that unauthorised payment if:
-
we can not recover within 20 Banking Business Days of us attempting to do so that amount from the person who received it, and
-
the payment was made as a result of a payment direction which did not comply with our prescribed security procedures for such payment directions.
-
if a BPAY payment is induced by the fraud of a person involved in the BPAY scheme, then that person should refund you the amount of the fraud-induced payment. However, if that person does not refund you the amount of the fraud-induced payment, you must bear the loss unless some other person involved in the BPAY scheme knew of the fraud or would have detected it with reasonable diligence, in which case that person must refund you the amount of the fraud-induced payment.
-
If a BPAY payment you have made falls within the type described in clause c and also clause b or d, then we will apply the principles stated in clause c. If a BPAY payment you have made falls within both the types described in clauses b and d, then we will apply the principles stated in clause d.
-
You indemnify us against any loss or damage we may suffer due to any claim, demand or action of any kind brought against us arising directly or indirectly because you:
If you tell us that a BPAY payment made from your account is unauthorised, you must first give us your written consent addressed to the Biller who received that BPAY payment, consenting to us obtaining from the Biller information about your account with that Biller or the BPAY payment, including your customer reference number and such information as we reasonably require to investigate the BPAY payment.
We are not obliged to investigate or rectify any BPAY payment if you do not give us this consent.
BPAY scheme
When you tell us to make a BPAY Payment, you must give us the information specified below. We will then debit your account or the account you specify with the amount of that BPAY Payment.
How to use the BPAY scheme
BPAY payments can only be made from 'at call' savings accounts for which you are an account holder or an authority to operate and in accordance with directions for the account operation given by the account holder/s and held by the credit union.
To use the BPAY Scheme you must access the BankWAW’s Internet Banking via www.bankwaw.com.au and:
-
enter your customer number
-
enter your password
-
select 'Make a BPAY Payment' and follow the prompts for the account you wish to debit, the amount you wish to pay, the Biller's Code and the Customer Reference Number shown on your bill
-
await the receipt number for your record.
You must comply with the terms and conditions applying to the relative account to which you request us to debit a BPAY Payment, to the extent that those account terms are not inconsistent with or expressly overridden by the BPAY Terms and Conditions and to the Terms and Conditions for BankWAW Internet Banking. The BPAY Terms set out are in addition to those terms.
If there is any inconsistency between the terms and conditions applying to the account of the BPAY Terms and Conditions, the BPAY Terms and Conditions will apply to the extent of that inconsistency (including the EFT Code of Conduct does not apply).
The payer acknowledges that the receipt by a Biller of a mistaken or erroneous payment does not or will not constitute under any circumstances part or whole satisfaction of any underlying debt owed between the payer and that Biller.
Valid payment direction
We will treat your instruction to make a BPAY Payment as valid if, when you give it to us you comply with BankWAW Internet Banking security procedure.
Information you must give us
Once you have accessed BankWAW Internet Banking you should follow the prompts to provide the information you must give us to instruct us to make a BPAY Payment.
This information includes your customer number, your password, the account you wish to debit, the amount you wish to pay, the Biller's Code and the Customer Reference Number shown on your bill.
You acknowledge that we shall not be obliged to effect a BPAY Payment if you do not give us all of the above information or if any of the information you give us is inaccurate.
When a biller cannot process a payment
If we are advised that your payment can not be processed by a Biller, we will:
-
advise you of this
-
credit your account with the amount of the BPAY Payment, and
-
take all reasonable steps to assist you in making the BPAY Payment as quickly as possible.
Copyright
Copyright in the information contained on this website is owned by BankWAW (ABN 48 087 651 787). You may use this information for your own personal reference only. You may reproduce this information in hard copy solely for your personal use. The information may not otherwise be reproduced and must not be distributed or transmitted to any other person or incorporated in any way into another document or other material.
Specific New Payments Platform TERMS AND CONDITIONS
These specific terms and conditions apply to the use of the New Payments Platform via BankWAW Internet Banking and the terms and conditions for BankWAW Internet Banking also apply to the BPAY® Scheme.