ANZ POS MOVE - Transaction Settlement; Initiating Manual Settlement

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16. SETTLEMENT
ANZ oers same day settlement, every day. For ANZ business account holders, funds
are available on the same day for ANZ POS terminal transactions settled before 9.00pm
(AEST).
For non-ANZ business account holders, ANZ transfers the funds to the merchant’s bank
on the following business day and the availability of the funds will be determined by the
merchant’s bank.
American Express, Diners Club and JCB will credit your bank account separately. Please
check directly with these third parties for when funds are available as times may vary.
ANZ automatically performs Settlement for you if it has not been completed by 9pm
(AEST).
After ANZ has automatically settled, the terminal will print the Settlement report at the
time you next perform a transaction.
The terminal cannot be used while Settlement is being processed, so it is strongly
recommended to initiate settlement during a quiet period and at the same time
each day.
16.1 INITIATE MANUAL SETTLEMENT
The manual settlement function allows you to manually close the batch and settle for
the day.
Note: Your terminal will settle automatically at 9:00pm AEST daily, unless a
manual settlement is performed.
1
Press the MENU key to access ANZ POS Move terminal menu.
2
Select BATCH
3
Select SETTLE