Direct Entry Credits
You can instruct your payroll office to directly credit your wages into your GMCU account. All direct credits are automatically credited to the nominated account when by using your Account Number and BSB.
You can also set up direct entry credits as an easy and fuss-free way to pay your loan payments, or to save into a Christmas Saver account.
Direct Entry Debits
You can instruct an authorised supplier, in writing, to debit funds from your transaction account by quoting your account number and BSB.
This instruction must be on the particular supplier's Direct Entry Authority form and lodged with the supplier. This agreement is with the supplies - GMCU has no control over the amount or date of each drawing.
We will not process any particular payment where there is an insufficient available balance in the account. Any dishonour fees may be debited against your account.
Stopping a Direct Entry Debit
You can ask us to stop an existing Direct Entry Debit from debiting your account, and we will decline future payments that match the previous payments.
We also suggest that you cancel the instruction directly with the supplier. This is important as some suppliers use multiple Direct Entry User Numbers and they can attempt to debit your account using a number they didn't use previously.
Periodical Payments
You can instruct us to transfer funds from one account to another account (held at GMCU or elsewhere). You must sign an authority if you wish for this arrangement to be put into place.