Deposit Protect Bond
- A Deposit Protect Bond is a guarantee that you'll pay the deposit money at settlement, instead of upfront
- A convenient alternative when your deposit money isn't immediately available e.g. tied up in your current home, a term deposit or other investments, or in the form of a government grant
- Allows you to attend multiple auctions with confidence or can be used for private treaty sales
- Inexpensive, quick and easy to arrange in your local branch.
How to apply
Before purchasing a Deposit Protect Bond, check with your conveyancer or solicitor about the terms of the contract of sale as the acceptance of the bond is at the discretion of the vendor. Deposit Protect Bonds are subject to terms and conditions, full details of which are available on request. Fees and charges apply. BankSA Deposit Protect Bonds are guaranteed by Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714.