Strange
I've probably got exactly the same set up as you Rob. LOC with Comm bank/Colonial with transactional account (streamline) where WBA and comm bank take there money out. Got 2 IP's with the same set up, no probs..
I've just done my first loan deal with Westpac.
All the docs are signed and we are good to go for settlement.
BUT, at the last minute, they tell me that the CBA account I provided for the interest payments to come from isn't acceptable and I need to provide a Westpac account. Which means I now have to open an account with them for that one loan payment.
I wouldn't have had an issue if they told me that when I went to the branch to sign and lodge the docs. They accepted the CBA account I gave them and never mentioned having to open a Westpac account.
It makes it easy for me having all my rents paid into one CBA account and all loan payments coming out of that same account.
Is this normal procedure for Westpac?
Thanks
I've probably got exactly the same set up as you Rob. LOC with Comm bank/Colonial with transactional account (streamline) where WBA and comm bank take there money out. Got 2 IP's with the same set up, no probs..