Deposits in branch or at our ATM Deposit Boxes

Sure, you can still deposit cash and cheques the old-fashioned way by lining up with a deposit slip and speaking to one of our helpful branch staff. However, these days there are plenty of quick alternatives to deposit cash and cheques – even after hours.

If you regularly deposit cash and cheques at our branches consider using our Red Bags and dropping them into our quick deposit boxes, located in branch, or into one of our ATM Deposit Boxes. Just visit your local branch or contact your Relationship Manager to register and order our Red Bags. Then, drop your cash, cheques, completed cash breakdown voucher and deposit slip into a Red Bag and seal it with the tamperproof seal. Or after hours, you can use our Smart ATMs in selected 24 hour lobbies (if you’re a Westpac customer). 

Red bags & quick deposit boxes

This helpful process means you can prepare your banking in your own time on your own premises, and put it all in one of our tamperproof bags. Each Red Bag contains a cash breakdown to help simplify your banking and reduce errors.

Once deposited, any cash will generally be credited to your account overnight. Deposits made after normal clearance times will be credited the following clearance day. For clearance times please refer to the information on the quick deposit box, Smart ATM or Standard ATM you are using. Cheques will also be credited to your account, but funds won't be available immediately.

Each Red Bag contains a unique ID number to track your deposit.

Note that these deposits are treated as manual deposits, and the manual deposit fee for the account applies. Other fees, i.e cash handling fees may apply.

Video: how to deposit money quickly, with a Westpac deposit bag

 The Smart ATM (in our 24 hour lobbies)

Many of our branches have new 24 hour lobbies that have 'Smart ATMs'. If you're a Westpac customer you can use the Smart ATM to deposit cash (including coins) or cheques into any Westpac account and the money will generally appear in your bank account straight away. Deposits made after normal clearance times will be credited the following clearance day. For clearance times please refer to the information on the Smart ATM you are using. Cheques follow normal clearance processing times. The machine will print the cheque details on the back of your receipt.

Deposits made using the Smart ATM are considered to be electronic transactions. The type of account the deposit is made into will determine the fee.
For larger deposits businesses can use the ATM Deposit Boxes to deposit their Red Bags. Generally when you make a deposit it will be deposited into your account overnight. If you make a deposit after normal clearance times it will be credited by the end of the following clearance day. For clearance times please refer to the information on the Standard ATM or Smart ATM you are using. Note that these deposits are treated as manual deposits, and the manual deposit fee for the account applies. Other fees, i.e cash handling fees may apply. Visit out Branch locator to see which branches have 24 hour lobbies.

Find out more about our 24 hour branch lobby services.