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Reminder: New Regulations for At Call Accounts

15 December 2015

From June 30 2015 W&D Finance are no longer able to offer “At Call’ products that allow for immediate withdrawal of funds from your account.

This comes as a result of new regulations that have been implemented following the Financial Services Inquiry conducted by the Australian Prudential Regulation Authority (APRA).

We remind our customers that any existing “At Call” accounts will be converted to 31 Day Notice Accounts on the 31st December 2015 after which date a minimum of 31 days’ notice for withdrawals will apply to all “At Call” accounts. 

We do understand that this change may mean alterations are required to your financial arrangements and as always we will work with you to assist in this transition.

W&D Finance will continue to offer Fixed Term Investment accounts with terms ranging from 31 days to 3 years. Fixed Term Investment accounts are not affected by these changes.

If you have any questions or would like to discuss your requirements further please do not hesitate to contact us by phoning 1300 928 881 or visiting either of our offices.