How to Get a Westpac Deposit Bond: Costs, Application, and Key Tips

Описание: How to get a deposit bond from Westpac Bank and how much it costs — find out in this short, informative video! A deposit bond can help you secure a property when you don’t have immediate access to your deposit funds. Westpac offers deposit bonds as a flexible financial solution, serving as a guarantee to the seller until settlement.

In this video, we’ll explain what a deposit bond is, how much it costs, and how to apply through Westpac Bank. You’ll learn the average cost (around 1% of the property’s value), what documents are needed, and how quickly the bond can be issued — typically within 4 to 48 hours. We’ll also cover important details like bond validity, usage at property auctions, and approval conditions.

By the end, you’ll clearly understand how a Westpac deposit bond works and whether it’s the right choice for your property purchase. Whether you’re buying at auction or waiting for funds to clear, this video provides simple, practical guidance.

00:13 — What is a deposit bond?
00:24 — How much does it cost?
00:40 — How to apply
00:51 — Important details
01:02 — Why choose westpac?

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