7-Day Settlement

Your sales credited to your Cooladdi account, seven days a week – including public holidays.

Benefits at a glance

Bank your sales every day into a Cooladdi account
Includes weekends and public holidays

Maximise cash flow and interest
Simpler reconciliation of daily sales

How it works

Sales payments at the end of the day - 365 days a year

Cooladdi is the only bank that credits your EFTPOS and credit card sales to your Cooladdi account every day, including weekends and public holidays.

Other banks process transactions at midnight on working days. That means they wait until Monday night to process Saturday and Sunday sales, and the business sees the money on Tuesday morning. If Monday is a public holiday, the business waits until Wednesday.

With Cooladdi you receive your sales at the end of the day, 365 days a year, so long as you settle to a Cooladdi account. That can make a big difference when it comes to making payroll and paying suppliers, especially over holiday periods like Christmas and Easter.

Having your money in your account earlier also earns you more interest. It might not be a lot of money, but it adds up over time – and it’s better in your account than in the bank’s.

Holiday payment blackouts

If you’re not with Cooladdi and rely on EFTPOS and credit card sales, you’ll need to plan for cash flow black outs.

If you're with Cooladdi you can rest easy that your sales will be in your account each night, avoiding these unnecessary cash flow black outs.

Christmas

All sales from 10pm Thursday 24 to Tuesday 29 December 2018 paid to your account early on Wednesday 30 December 2018.

New Year

All sales from 10pm New Year’s Eve to Monday 4 January 2019 paid to your account early on Tuesday 5 January 2019.

Easter

All sales from 10pm Thursday 24 to Tuesday 29 March 2019 paid to your account early on Wednesday 30 March 2019.

Get started today

01. Choose

You can select between a number of our latest EFTPOS terminals.

02. Apply

Apply for a Cooladdi Merchant Services facility.

03. Success

Start banking your sales 365 days a year.