Manage your home loan, savings and everyday accounts online with myRAMS
You must read these terms and conditions carefully before using myRAMS because you will be bound by them when you use myRAMS.
If you do not understand any part of these terms and conditions, or if you have any questions, please call the RAMS Customer Service Team on 13 RAMS, that's 13 7267 (or +61 2 9647 6967 if outside Australia) during contact centre hours, or via email at email@example.com.
We, being Westpac Banking Corporation (ABN 33 007 457 141 AFSL and Australian credit licence 233714) and our successors and assigns, enter into this agreement on our own behalf and on behalf of RAMS.
When you first use myRAMS, or nominate someone to use myRAMS on your behalf as a Nominated Representative, you accept these terms and conditions and become bound by them. They form the agreement between you and us as to your use of myRAMS.
These terms and conditions apply in addition to the terms of the loan agreement you have with us and the deposit terms and conditions and general information for any Account you access using myRAMS. If there is an inconsistency between them, these terms and conditions prevail in respect of EFT transactions and Biller Payments.
Some words used in these terms and conditions have special meanings as given in clause 31.
You can use myRAMS if:
Please note that if you hold the account pursuant to a power of attorney or under another valid authority (e.g. order of a Court or Tribunal), you will need to contact the Customer Service Team on 13 RAMS, that's 13 7267, during contact centre hours to conduct any account servicing.
An Account is an account you have in your own name or a joint account you have but only if both account holders have authorised us to act on the instructions of any one of the account holders, or accounts of a trust or company to which you have been granted access as a Nominated Representative, where the account is managed by RAMS and accessible using myRAMS.
The following types of accounts are Accessible Accounts:
If you successfully register for myRAMS, all the accounts under your customer ID number or under the customer ID of a trust or company to which you have been granted access as a Nominated Representative, which are Accessible Accounts can be accessed using myRAMS.
If the identity of an account holder or any of the signatories to an account is not verified in terms of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, the account will be blocked for all withdrawals, including withdrawals using myRAMS, until the identities of all account holders are verified.
If you have not been verified as a Nominated Representative, you will not be given access to manage data sharing with Accredited Data Recipients on eligible accounts on behalf of a trust or company.
You require a password in order to transact on Accessible Accounts or manage data sharing as a Nominated Representative using myRAMS.
If you are a joint Account holder, each Account holder requires their own myRAMS Password.
In selecting your myRAMS Password you must comply with clause 13.2.
You must keep your myRAMS Password secret - see clause 13.
After you have registered for myRAMS, you must log in and complete the new user process in myRAMS. Once you have done this, you can simply log in to myRAMS (https://securebanking.myrams.com.au) from a computer or a suitable mobile device using your customer ID number and your myRAMS Password, and start transacting on your Accessible Accounts or managing data sharing on your Open Banking Accounts.
See clause 13.1 for alternate ways you may be able to log in to myRAMS Mobile after you have logged in myRAMS Mobile using your customer ID number and your myRAMS Password.
If you use myRAMS to effect a transaction on an Account, then you may incur a fee or a government charge (or both) in accordance with the terms and conditions applicable to that Account.
Information on standard fees and charges is available on request from RAMS.
An active internet connection is required to use myRAMS. You are responsible for any fees incurred from your internet or mobile service provider in using myRAMS. Any matters relating to those charges should be raised with your internet or mobile service provider.
When travelling overseas, you can continue to access myRAMS. If you deactivate your mobile device while overseas or if you do not have international roaming enabled, you may not be able to access all features of myRAMS (for example, those features which require SMS Security – see clause 7). If you access myRAMS using your mobile device then we recommend contacting your mobile service provider to check additional fees or charges that may be incurred in using your mobile device outside of Australia (e.g. roaming charges).
What you can do using myRAMS will differ depending on whether you access myRAMS using a computer or your mobile device, and whether you are accessing your own accounts, or acting on behalf of a trust or company to which you have been granted access as a Nominated Representative.
If you access myRAMS, you can:
|What you can do using myRAMS||Accessing myRAMS from a computer||Accessing myRAMS from your mobile device|
|myRAMS for individuals||myRAMS for Nominated Representatives||myRAMS for individuals only|
|View secure messages from us||Yes||Yes||Yes|
|View all your Accounts, BSB and Account numbers, and current and available balances of all your Accounts||Yes||No||Yes|
|View and search the transaction history on each of your Accounts||Yes||No||No|
|View information about each of your Accounts including product name, if your deposit account (if you have one) is linked to an eligible RAMS home loan for offset purposes, credit and debit interest rates, current and available balances, uncleared funds||Yes||No||Yes|
|Export your transaction history to CSV||Yes||No||No|
|View Account information including credit interest paid and any withholding tax deducted, debit interest charged, and the amount of interest saved on an eligible RAMS home loan as a result of an interest offset account for the current and previous financial year||Yes||No||Yes|
|Switch to eStatement and download eStatement^ in PDF format - to view pdf you will need to install Adobe® Acrobat® software||Yes||No||No|
|Transfer money between your Accessible Accounts||Yes||No||Yes|
|Transfer money to third party accounts held within Australia||Yes||No||Yes|
|Schedule money transfers in advance||Yes||No||Yes|
|Pay bills using BPAY® (using the "Move Money" facility) (where the product allows access using BPAY)||Yes||No||Yes|
|Schedule Biller Payments in advance of the actual payment or transfer date||Yes||No||Yes|
|View or add Payees and Billers||Yes||No||Yes|
|Delete Payees or Billers||Yes||No||Yes|
|View or delete a scheduled transaction||Yes||No||Yes|
|Apply for a RAMS deposit product online (subject to meeting the eligibility criteria)||Yes||No||No|
|Request a redraw on your home loan by transferring funds from your home loan account to another Account||Yes||No||Yes|
|Manage Open Banking data sharing||Yes||Yes||Yes|
|Update your contact details||Yes||Yes||Yes|
|Update your Tax File Number and Foreign Tax Information||Yes||Yes||No|
|Update your myRAMS password||Yes||Yes||Yes|
|Update your myRAMS Mobile PIN||No||Yes||Yes|
|Change your daily transfer limit for a Payee and Biller||Yes||No||No|
|Select method of notification using email or SMS.||Yes||Yes||No|
|Change your SMS notification times||Yes||Yes||No|
|Change your Card PIN||Yes||No||Yes|
|Re-fix your home loan||Yes||No||No|
^You can access your statements online for the past 7 years for RAMS deposit accounts. For any other Account that can be accessed using myRAMS: (a) if you elected before 1 May 2015 to access statements for an Account online, you can access statements for that Account online from the date that you made your election or (b) if you elected on or after 1 May 2015 to access statements for an Account online, you can access online statements which have been issued in or after May 2015 for that Account at no extra cost (see clause 12).
Note: if you have elected to receive statements in the mail, you will be unable to access these statements online.
The activities and features set out in clause 3.1 are all subject to these terms and conditions - for example, there are limits on the values of transactions that may be made using myRAMS (see clause 8).
myRAMS does not permit money transfers or Biller Payments to certain Payees and Billers.
You can transfer money using the "Move Money" facility.
To make the transfer, you must enter the information required. This may include the following details:
We need not process your transaction if this information is incomplete or if the transaction would not comply with a provision of this agreement - for example, the limits under clause 8.
We only use the BSB and account number to process money transfers. Please carefully check the details you have entered before confirming a transaction as we do not check the account name you provide. Sometimes, the financial institution receiving the funds may check the account name and reject the transfer if the account name is incorrect. However, neither we nor the receiving financial institution are obliged to check the account name.
We do not verify account details for any third party accounts. For this reason, please be careful when sending funds to third party accounts, and as a matter of course, check your transaction lists regularly.
We cannot reverse transactions you make in error, either to RAMS or non-RAMS accounts. Should an amount sent by you in error not be returned automatically by the receiving financial institution, it may not be recoverable at all (see further clause 17 for mistaken Biller Payments or clause 18 for mistaken internet payments).
Not all RAMS accounts allow access using BPAY. Check the terms and conditions of your account to see whether BPAY is available on your account type.
We are a member of the BPAY scheme. The BPAY scheme is an electronic payments scheme through which you can ask us to make payments on your behalf to organisations (Billers) who tell you that you can make payments to them through the BPAY scheme (Biller Payments). We will tell you if we are no longer a member of the BPAY scheme. For the purposes of the BPAY scheme, we may also be a Biller.
Biller Payment transactions which you make using the "Move Money" facility are processed through the BPAY scheme. Bills which you can pay in this way display the BPAY logo and Biller reference details as well as the types of accounts the Biller accepts payment from (for example, cheque or savings).
When you see the BPAY symbol on a bill, you can pay that bill through myRAMS. It's a simple and convenient way to pay your bills. All you need is your bill - then simply access myRAMS. By using BPAY you will be able to:
To make a Biller Payment, you must enter the following information:
We then debit the relevant account with the amount of that Biller Payment.
However, we need not process your transaction if this information is incomplete or if the transaction would not comply with a provision of these terms and conditions - for example, the limits under clause 8.
You must comply with the terms and conditions applying to the account to which you request us to debit a Biller Payment, to the extent that those account terms are not inconsistent with or expressly overridden by the BPAY provisions set out in these terms and conditions. The BPAY provisions set out in these terms and conditions are in addition to those terms.
Please carefully check the payment amount and Biller details you have entered before confirming a transaction as mistakes cannot always be rectified - see clause 17.
Individual Billers may have their own payment requirements. If you attempt to make a Biller Payment to a Biller that does not satisfy their Biller requirements, you will receive an error message (we do not determine the Biller requirements and cannot identify these before you make your payment). Individual Biller Payment requirements include:
You indemnify us against any reasonable loss or damage we suffer or may suffer as a result of any claim, demand or action brought against us, directly or indirectly because you acted negligently or fraudulently in connection with the provisions of these terms and conditions relating to Biller Payments or BPAY.
The "When" option in the “Move money” facility enables you to schedule a money transfer or Biller Payment for a later date (or a series of recurring money transfers or Biller Payments for later dates). Cleared funds must be available in the Account the day before the payment is made and remain in the Account until the payment is made. When scheduling multiple payments and choosing an end date, please note that the 'Ending Date' is the date your scheduled payments will expire, and no payment will be processed on or after this date.
SMS Security gives extra protection when you use myRAMS to do one of the following by sending an SMS with a code to a mobile phone number nominated by you:
If you have a RAMS deposit account, you are automatically registered for SMS Security on all your RAMS Accounts. You cannot opt-out of SMS Security while you have a RAMS deposit account.
The mobile phone number you provide for SMS Security must be unique and personal to you. You cannot share the same mobile phone number with another RAMS customer.
If you use multiple Profiles in myRAMS, such as for personal banking and also on behalf of a trust or company as a Nominated Representative, the mobile phone number you provide for SMS Security must be used across all of those Profiles.
If you are registered for SMS Security, then when you:
We will send a security code by SMS to your nominated mobile phone. You must then enter the code as part of the process in order to confirm the transaction or change. We send a new security code for each transaction - the security code is valid only for that transaction and you do not need to memorise it for future use.
If you no longer have access to your nominated mobile phone number, for security reasons you can only change the mobile number by calling 13 RAMS, that's 13 7267, during contact centre hours.
If you are registered for SMS Security, your daily limit for transactions is higher (see clause 8.2) and your liability under clause 15 may be correspondingly higher. You should consider your daily limit carefully and you may reduce your limit at any time.
If you are not registered for SMS Security, you will not be able to:
SMS Notifications is an alerts service which gives extra protection when you are registered for myRAMS as it may potentially alert you to unauthorised transactions on your Account using myRAMS.
If you are registered for SMS Notifications then, each time there is a myRAMS transaction for a Biller Payment or money transfer from your Account which is above the threshold amount nominated by you, we try (without any legal obligation) to send an SMS message to your nominated mobile phone number confirming the transaction.
However, the SMS Notifications service does not apply to scheduled Biller Payments or money transfers using the "When" option in the “Move money” facility or to the crediting or debiting of interest to your Account - we do not send an SMS message when such payments or transfers are made.
You can register for and update “SMS Security” and “SMS Notifications” by calling the RAMS Customer Service Team on 13 RAMS, that's 13 7267, during contact centre hours and providing the required information. Please note, you are unable to update your mobile phone number for SMS Security or SMS Notifications through myRAMS.
The required information you must provide when you call the RAMS Customer Service Team will include the mobile phone number to which the security codes or SMS confirmations are to be sent. You should update this information as necessary - such as if you change your mobile phone number. If you do not provide us with your correct mobile phone number, you may not receive the security codes or SMS confirmations.
If you do not hold a RAMS deposit account, you may de-register from SMS Security by calling the RAMS Customer Service Team on 13 RAMS, that's 13 7267. You cannot de-register from SMS Security while you hold a RAMS deposit account or have been granted access as a Nominated Representative.
Each money transfer or Biller Payment (including a scheduled transfer or payment) is limited to:
(a) for home loans, the available redraw on the Account from which the transfer or payment is being made; or
(b) for deposit accounts, the cleared funds in the Account from which the transfer or payment is being made.
Generally, the available redraw or cleared funds for these purposes are measured at the time we process the transaction. Therefore, on any day for which a transaction has been scheduled, you should ensure you have sufficient available redraw or cleared funds to cover that scheduled transaction.
For money transfers to Payees, the amount of all payments and transfers made from all of your Accounts on a day using myRAMS (including payments and transfers scheduled to be made on that day) must not exceed the relevant daily limit. If you are registered for SMS Security, you can nominate your daily limit for money transfers to Payees to be between $1,000 and $50,000, in set increments.
For Biller Payments, the amount of all payments and transfers made from all of your Accounts on a day using myRAMS (including payments and transfers scheduled to be made on that day) must not exceed the relevant daily limit. If you are registered for SMS Security, you can nominate your daily limit to be between $1,000 and $25,000, in set increments.
If you do not nominate a daily limit the default daily limits will apply. These are $5,000 for money transfers to Payees and $2,500 for Biller Payments.
If you increase your daily limit this will increase your risk that an unauthorised person with knowledge of your Access Codes may make larger withdrawals on the Account(s).
Any transfer from one of your Accounts to another of your Accounts does not count for the purposes of the daily limit - you may transfer amounts between your own Accounts without limit as long as each transfer complies with clause 8.1.
For the purposes of the daily limit, a day ends at midnight.
We may change your daily limit in certain circumstances and may not always give you notice when we do so - see clause 24. You should check your daily limit in myRAMS before you initiate a money transfer or Biller Payment, to make sure that the payment falls within your current limit.
Please note: Any scheduled money transfers and or scheduled Biller Payments set-up prior to you reducing your daily limit, will be processed as long as there are sufficient available funds held in your Account. If after reducing your daily limit you want all scheduled payments (set-up prior to the daily limit change) to fall within your new daily limit, you will need to change the amount of each scheduled transfer or Biller Payment via myRAMS.
Billers may impose additional limits on Biller Payments.
You must make sure that any transaction you make using myRAMS (including a scheduled transaction) is within these limits. If a transaction would result in a limit being exceeded, we may not process that transaction at all (that is, we do not process part of a transaction) and you will need to re-submit the transaction. If we do not process your transaction due to a limit being exceeded, you may also incur additional fees or charges from external parties.
When you make a transaction using myRAMS, you are asking us to process that transaction for you.
We do not guarantee processing times - however, the following processing times generally apply if you make a transaction and it includes complete and accurate details.
If you make a money transfer to a RAMS account held by another person or to an external institution before 4pm on any Banking Day then, generally, it is processed, or treated as having been processed, on that day. If you make a money transfer to a RAMS account held by another person or to an external institution after 4pm on a Banking Day or on a day which is not a Banking Day, it is generally processed, or treated as having been processed, on the next Banking Day. In addition, it generally takes at least 1 Banking Day for a transfer to be received by the Payee - this period may be affected by the conduct of the receiving financial institution (for which we are not responsible).
If you make a money transfer to one of your own Accounts, the transfer will be processed immediately.
If you make a Biller Payment before 4pm on any Banking Day then, generally, it is processed, or treated as having been received by the relevant Biller, on that day. If you make the payment after 4pm or on a day which is not a Banking Day, it is generally received or treated as having been received by the relevant Biller on the next Banking Day. However, Biller Payment processing may be delayed (generally by one Banking Day but potentially longer) if payment is made on the day before a bank or public holiday or if another financial institution in the BPAY scheme, or the Biller, does not process the Biller Payment as soon as they receive its details.
If you make more than one transaction using myRAMS within a processing day, we may determine the order of processing those transactions.
A transaction that is scheduled for a Banking Day is generally processed, or treated as having been processed, on that day. If the date for a scheduled transaction is not a Banking Day, it is generally processed, or treated as having been processed, on the next Banking Day.
We recommend that, after the due date for a scheduled transaction, you check to ensure it was processed.
If a transaction is scheduled for a date after your use of myRAMS is terminated, the transaction will not be processed.
If we are advised that:
We may suspend or deny your access to myRAMS, delay processing a transaction or refuse to process a transaction in the following circumstances:
You may stop or alter a scheduled Biller Payment before 4pm on the day before the date for which the payment is scheduled by cancelling or altering the scheduled Biller Payment within myRAMS.
You may stop or alter a scheduled money transfer by instructing us:
After these times, you cannot stop or alter a scheduled transaction.
Once you have made a money transfer or Biller Payment using the "When" option in the "Move money" facility, you cannot stop or alter that transaction.
myRAMS produces a confirmation receipt on your screen for each transaction when it is made (other than a scheduled transaction). You should print this out or make a note of the receipt number, in case you have a later query regarding the transaction. You should also check the receipt and notify us of any error as soon as possible by calling 13 RAMS, that's 13 7267 during contact centre hours. Even though the receipt may be produced when you make the transaction, this does not affect the transaction processing time (which is described in clause 9).
For scheduled transactions, you will need to refer to your transaction history to confirm that a transaction has been processed.
You should carefully check each Account record and statement when you receive it and notify us as soon as possible of:
You can notify us, or query any entry on your statement, by calling 13 RAMS, that's 13 7267 during contact centre hours.
Statements on RAMS deposit accounts are automatically provided via myRAMS. You can elect to receive statements on your other RAMS accounts via myRAMS, instead of having paper statements mailed to you. You may be able to make this election, on an account-by-account basis, via myRAMS. If you do so, you will stop receiving paper statements on the nominated account(s). However, you may elect to revert to paper statements at any time. You can do this by calling 13 RAMS, that's 13 7267 during contact centre hours.
We will send you an email notification to your nominated email address, advising you that your statement is available via myRAMS. It is your responsibility to check your email regularly for these notifications and to access your statement promptly following receipt of our email. You must also keep your nominated email address current and inform us if you are not able to access either your email or myRAMS for any reason. You cannot opt out of receiving these notifications; however you can vary your nominated email address for receipt of them at any time.
If you do not keep your email address current, we will be unable to send you email notifications.
Your Access Codes, including customer ID number and myRAMS Password, allow you to access your Account and to share data on behalf of a trust or company if authorised as their Nominated Representative. We treat any instruction given through myRAMS as being from you. Because of this you must take special care to protect your Access Codes.
If you access myRAMS Mobile, you can access your myRAMS Mobile using your customer ID and myRAMS Password. You may be given the opportunity to select a myRAMS Mobile PIN or choose to use the fingerprints or FaceID you store on your mobile device for accessing myRAMS Mobile through your mobile device. Selecting a myRAMS Mobile PIN or selecting to use the stored fingerprint(s) or FaceID to log into myRAMS Mobile are alternatives to entering your myRAMS Password each time. You can use a different myRAMS Mobile PIN for different mobile devices.
FaceID login is only available on iOS mobile phone devices. You will not be given the opportunity to register for fingerprint or FaceID login unless you have a home screen lock on your mobile device and there is at least one fingerprint or FaceID stored on your mobile device. If you wish to use the fingerprint sensor in connection with myRAMS Mobile, you should ensure that only your fingerprints are stored on your mobile device, as activating fingerprint login means that any fingerprint saved on your device, now or in the future, can access myRAMS. Only set up fingerprint login if no-one else has added their fingerprints to your mobile device. Each time fingerprint login is registered on the mobile device to authorise transactions through myRAMS Mobile, you instruct us to act on these instructions. The device and operating system manufacturers are responsible for the security and reliability of your device’s fingerprint or FaceID security features.
The following security measures for your myRAMS Password or myRAMS Mobile PIN are important. However, they do not of themselves determine your liability for losses resulting from unauthorised transactions made using myRAMS - liability for any such losses is determined in accordance with clause 15.
You may be required to change your myRAMS Password on initial access to myRAMS. You should also periodically change your myRAMS Password and your myRAMS Mobile PIN if you have chosen to establish one.
You may change your myRAMS Password by using the "Change Password" facility on myRAMS.
When setting your myRAMS Password you:
must use between 6 and 8 characters including at least one upper case letter and one number
must not select a password which reflects your
You may change your myRAMS Mobile PIN by tapping on the “Change PIN” button on the home screen of the myRAMS app.
To protect your myRAMS Access Codes you must:
When accessing myRAMS, you must:
As you cannot be sure of the virus protection on a public computer - such as at an airport, café or library - you must not access myRAMS using a public computer.
You are responsible for your computer's anti-virus and security measures and for maintaining your own computer or mobile device so that you can access myRAMS. If you access myRAMS Mobile then for additional security we recommend enabling or installing remote wipe functionality on your mobile phone in case your device is lost or stolen. If you sell, recycle, discard or permanently give your devices away, you will make sure you have deleted the myRAMS Mobile app and if you have biometric authentication activated for the myRAMS Mobile app on your device, you will disable that feature before you delete the myRAMS Mobile app.
We may cancel your myRAMS Password or myRAMS Mobile PIN without prior notice as part of our security procedures, if we reasonably believe it is being misused.
If you have chosen to use myRAMS Mobile PIN, fingerprint or FaceID login, and you enter your myRAMS Mobile PIN incorrectly, or myRAMS Mobile does not recognise the fingerprint or FaceID used, 3 times, you will be deregistered from using your myRAMS Mobile PIN fingerprint or FaceID login, however you will still be able to enter your customer ID and myRAMS Password. Once you successfully log back in using your customer ID and myRAMS Password, you can reregister for myRAMS Mobile PIN fingerprint or FaceID login immediately if you wish.
If you enter your customer ID or myRAMS Password incorrectly on 3 consecutive occasions, your myRAMS access privileges may be suspended and you will be unable to obtain access to myRAMS. If this occurs, please contact 13 RAMS, that's 13 7267 during contact centre hours.
You agree not to interfere with or damage any customer ID number, password, data or software associated with myRAMS (or attempt to do so).
You must tell us as soon as possible if you know or suspect that the security of your myRAMS Password or myRAMS Mobile PIN has been breached - such as if it is lost or stolen or someone else knows it, or has made unauthorised use of it to access myRAMS - otherwise, you may be liable for unauthorised use - see clause 15.
To notify us, call 13 RAMS, that's 13 7267 (or +61 2 9647 6967 if outside Australia) during contact centre hours providing details of how the security breach occurred. We will give you a reference number that verifies the date and time you contacted us. We will then cancel your myRAMS Password or myRAMS Mobile PIN and issue you with a new myRAMS Password. This replacement myRAMS Password is valid only for 10 minutes. You will need to log into myRAMS with your customer ID and replacement myRAMS Password, and change the replacement myRAMS Password to a new myRAMS Password of your choice within that time, in order to keep using myRAMS. (You can only do this by logging in from a computer as you cannot change your myRAMS Password if you access myRAMS using your mobile device.) Once you have changed your myRAMS Password, you may reregister for myRAMS Mobile PIN or fingerprint login for your mobile device after you have logged into myRAMS with your customer ID and myRAMS Password on your mobile device, if you wish.
If you cannot notify us because the phone line is unavailable, then, despite anything in clause 15, you are not liable for any unauthorised transaction that could have been prevented if you had been able to tell us, provided you tell us within a reasonable time after the phone line becomes available again.
An unauthorised transaction is a transaction made using myRAMS which is neither made by you nor made by someone else with your knowledge and consent.
You are not liable for any loss resulting from an unauthorised transaction made using myRAMS:
Otherwise, your liability for unauthorised myRAMS transactions is normally limited to:
whichever is the smallest amount.
If we prove (on the balance of probabilities) that you have contributed to the losses from unauthorised transactions by:
then you are liable for the actual losses incurred up to the time you notify us that the security of your myRAMS Password or myRAMS Mobile PIN has been breached or that you suspect an unauthorised transaction.
Also, if we prove (on the balance of probabilities) that you have contributed to the losses from unauthorised transactions by unreasonably delaying in notifying us, then you will be liable for any losses incurred in the period between when you became aware (or should reasonably have become aware) of the security breach and when you actually notified us, if those losses could have been prevented by prompt notification.
However, in each case under this clause 15.3, you are not liable for losses to the extent that they:
Despite anything else in these terms and conditions, your liability for unauthorised transactions is not more than your liability under the ePayments Code.
If we process a money transfer or Biller Payment other than in accordance with the instructions you have given us using myRAMS - such as if we make the transfer or payment to the wrong person or for an amount more than you specified - and we debit your Account accordingly, we will credit that transfer or payment (or the amount of the excess transfer or payment) (and any related interest, fees and charges) to your Account.
If myRAMS accepts your instructions for a transaction but fails to process the transaction due to a malfunction in our systems, we are liable for any damage you suffer as a result. However, if you knew (or should have known) that myRAMS was unavailable for use or malfunctioned when you confirmed the transaction, then our liability is limited to correcting any errors in your Account and refunding any associated charges or fees.
Also, see clause 20 for limits on our liability if you do not receive an SMS while registered for SMS Notifications or SMS Security.
If you make a mistake in a Biller Payment using myRAMS, contact us as soon as possible on 13 RAMS, that’s 13 7267 during contact centre hours giving full details so we can find the transaction and take action.
The longer you delay between making a wrong Biller Payment and telling us about it, the more difficult it may be to correct the mistake - for example, because relevant records or information may have been deleted. In this case, you may need to rely on your own records to show that an error has occurred.
You may need to help us to try to recover a wrong or fraudulent payment - see clause 17.2.
If you tell us that a Biller Payment made from your Account using myRAMS was unauthorised or was made to the wrong Biller (whether because we made a mistake in processing or because you entered the wrong Biller details), you must give us a written consent document. The consent must be addressed to the Biller that received the Biller Payment and must consent to that Biller disclosing to us or RAMS information about your Account with that Biller or the Biller Payment, including your customer reference number and any other information we reasonably require to investigate or try to correct the Biller Payment. (If you do not give this consent, the Biller may be prohibited by law from disclosing the necessary information.)
If we consider it necessary for us to meet our regulatory and compliance obligations, you must provide us with any information we reasonably request. If you do not provide us with this information, we may be unable to provide you with access to myRAMS.
This clause 18 does not apply to Biller Payments (see clause 17).
You should report mistaken internet payments to us as soon as possible after you become aware of them. You can report mistaken internet payments to us by:
We will acknowledge receipt of your report and update your records with the date and time you made the report.
Mistaken internet payments will be dealt with by us in accordance with the ePayments Code, where the ePayments Code applies to the payment. Clauses 18.3 and 18.4 provide a summary of the processes in the ePayments Code.
We may be the sending institution (where the payment is made from your account) or the receiving institution (where the payment is made to your account).
If you notify us of a mistaken internet payment to which the ePayments Code applies, and we are the sending institution, then we will let you know, either in writing or electronically, of the outcome in relation to the mistaken internet payment within 30 business days from the day you notify us.
Where a financial institution other than us is the receiving or sending financial institution, we cannot guarantee that it will follow the processes in the ePayments Code. A financial institution is unlikely to follow these processes if it is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). We are not liable for any loss suffered if it does not follow those processes.
Where the sending institution is not satisfied that a payment is a mistaken internet payment, it is not required to take any further action.
Notwithstanding anything set out below, where the unintended recipient of the mistaken internet payment is receiving income support payments from Services Australia or the Department of Veteran Affairs, the receiving institution must recover funds from that recipient in accordance with the Code of Operation; Recovery of Debts from Customer Nominated Bank Accounts in receipt of Services Australia income support payments or Department of Veterans Affairs payments.
Where you or another financial institution advises us that you are, or we think you may be, the sender or recipient of a mistaken internet payment, you must give us, as soon as reasonably practicable and within the time we request, any information we reasonably require to enable us to determine whether the payment was a mistaken internet payment.
If we are satisfied that you have made a mistaken internet payment, we will, as soon as reasonably possible (and by no later than 5 business days of your report), send a request to the receiving institution for the return of the funds. If the receiving institution subscribes to the Code and they are satisfied that a mistaken internet payment was made, they are required to follow the process for recovering the payment that we described under the section, ‘Where you receive a mistaken internet payment’.
If you are unhappy with how your report was dealt with, you have a right to complain to us. Information on our complaints procedure is set out in this document. If you are still not satisfied with our response or handling of your complaint, you have the right to complain to the external resolution scheme, the Australian Financial Complains Authority (AFCA). AFCA’s contact details are set out in the Section 22 “Complaints".
Where the sending institution is satisfied that the mistaken internet payment occurred and there are sufficient credit funds available in the account of the unintended recipient to the value of the mistaken internet payment, the process that will apply will depend upon when the report of the mistaken internet payment is made:
Where the report is made within 10 business days of the payment:
Where the report is made between 10 business days and 7 months of the payment:
Where the report is made after 7 months of payment:
In each case where the receiving institution is not satisfied that a mistaken internet payment has occurred, it may (but is not required to) seek the consent of the unintended recipient to return the funds.
Where the funds are returned to the sending institution, it will return the funds to the holder as soon as practicable.
Where both the sending and the receiving institution are satisfied that a mistaken internet payment has occurred but there are not sufficient credit funds available in the account of the unintended recipient, the receiving institution will use reasonable endeavours to recover the funds from the unintended recipient.
we will, without your consent, deduct from your Account an amount equal to that mistaken payment and send that amount to the financial institution of the payer in accordance with clause 18.3 above.
If there are insufficient funds in your Account, you must co-operate with us to facilitate payment by you of an amount of the mistaken internet payment to the payer.
We can prevent you from withdrawing funds the subject of a mistaken internet payment where we are required to do so to meet our obligations under the ePayments Code.
You must ensure that internet payment details are correct. You are responsible for providing correct payment details including amount and Payee details. We will return to you any funds recovered by us on your behalf from an unintended recipient in respect of a mistaken internet payment but otherwise have no liability to you for any payment made in accordance with details provided by you including mistaken internet payments.
Information available through myRAMS concerning transactions and balances may not always be completely up to date, although in most cases should at least reflect the transactions and balances of an account up to the close of business on the previous Banking Day.
We try (without any legal obligation) to make myRAMS available at all times but this may not always be possible. For example, it will be unavailable while we carry out system maintenance. It may also be unavailable due to factors beyond our control, such as your Internet connection. If you cannot access myRAMS at any other time, please call RAMS, that's 13 7267 so that we can investigate.
Also see clause 9.4.
We use a very high level of encryption to protect your transactions and Accounts from unauthorised access. The use of such encryption may be illegal in certain jurisdictions. It is your responsibility to ensure that the local law permits you to use myRAMS.
We are not liable for any loss you suffer (including consequential loss):
This clause does not apply where the loss arises from our negligence or wilful misconduct, or negligence or wilful misconduct by our agents (including RAMS).
For security purposes, we recommend you don’t use a shared email address or mobile phone number for your myRAMS Account.
We may use your email address to advise you of any enhancements or other changes to myRAMS which may alter our deliver of, or your ability to use, myRAMS or send you an email notification to tell you the changes are available for viewing within myRAMS or on a website. If you do not provide us with a correct email address, you may not receive important information about myRAMS.
We may use your Mobile Phone number to send you SMS Security codes, SMS notifications and any information relevant to this service. If you do not provide us with your correct Mobile Phone number, you may not be notified of this information. You will be notified of any changes to our records of your Mobile Phone number via an SMS to both your old and new Mobile Phone numbers.
You need to keep your email address and Mobile Phone number current. You may update them using the "My Details" option in myRAMS or by calling the RAMS Customer Service Team on 13 RAMS, that's 13 7267 during contact centre hours.
If you have a problem or complaint, please talk to us first. We aim to resolve your complaint at your first point of contact with us, so we encourage you to contact us through any of the following channels:
Telephone: 13 RAMS, that’s 13 7267
Mail: Locked Bag 5001, Concord West, NSW 2138
If we can’t resolve your complaint at your first point of contact with us, we will escalate it to our Service Solutions Team for further investigation.
If you are not satisfied with our response or handling of your complaint, you may be able to lodge your complaint with the Australian Financial Complaints Authority (AFCA), which is the free, independent external dispute resolution scheme for us, RAMS and UMP. Their contact details are:
Australian Financial Complaints Authority
Telephone: 1800 931 678
Mail: Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001
The ePayments Code governs certain electronic payments to or from your Account where you are an individual. (e.g. making payments using myRAMS). We will comply with the ePayments Code where it applies.
The Australian Banking Association’s banking code of practice as updated, and adopted by us, from time to time (Banking Code) sets out the standards of practice and service in the Australian banking industry for individuals and small business customers, and their guarantors who are individuals.
The relevant provisions of the Banking Code apply to the banking services referred to in these terms and conditions. This means that we will comply with the Banking Code, where it applies to the banking services provided to you.
You can view a copy of the Banking Code on our website or ask us for a hard copy over the phone.
There may be times when we need to make changes to these terms and conditions. When we make changes, we will always act fairly and reasonably towards you in a consistent and ethical manner.
We’ll only make changes which apply generally to:
(a) all customers who use myRAMS;
(b) accounts of a particular type or with a particular feature; or
(c) customers in a particular group or who share a particular feature (e.g. all customers who opened accounts during a certain period).
An exception to this is where we decide to lower the daily limit on your Account, in which case the change may apply only to you. We may lower your daily limit where:
(a) no activity has occurred on your Account for an extended period (usually 3 months or more); or
(b) we consider it necessary to reduce the limit to restore security to myRAMS or your Accounts.
If we impose a new fee or charge (other than a government charge) in relation to the use of my RAMS, then we will give you at least 30 days' notice either in writing or electronically. If there is a change to, or an introduction, of a government charge that you pay directly, or indirectly, as part of your banking service we will tell you about the introduction or change reasonably promptly after the government notifies us (however, we do not have to tell you about the change if the government publicises the introduction or change).
we will give you at least 30 days' notice in writing or electronically.
If we make any other change, we will give you notice as soon as reasonably possible, unless we believe the change is unfavourable to you in which case we will give you at least 30 days’ prior notice. We will notify you before the change takes effect in writing or electronically:
If there are a lot of important changes, or there are a large number of changes, we will send you a written notice (either in writing or electronically) which sets out all the changes to be made to the terms and conditions.
However, we may not give you notice where an immediate change is necessary to restore or maintain the security of myRAMS or your Accounts. We may also give you a shorter notice period (or no notice) of an unfavourable change if we believe doing so is necessary for us to avoid, or to reduce, a material increase in our credit risk or our loss.
Open Banking gives you the ability to share your banking information with Accredited Data Recipients that you trust online. To use Open Banking and share your data, you will need to be registered for myRAMS as well as satisfy other eligibility criteria. If you ask us to share data via Open Banking, this will not affect any existing data sharing permissions on your Account in myRAMS.
From 4 August 2022:
Once the joint account is enabled, any Open Banking data sharing authorisations created by one account holder are taken to have been pre-approved by all account holders. This means that any joint account holder can authorise us to share data on the joint account with an Accredited Data Recipient, without requiring further approval from any other joint account holder, when we receive a valid data sharing request from an Accredited Data Recipient in respect of that joint account. This is despite any existing banking authorities such as ‘more than 1 to sign’ relating to the joint account.
The data sharing consent status of joint accounts can be managed in myRAMS.
Any account holder can set the joint account for data sharing to ‘disabled'. Once the data sharing is ‘disabled’:
(a) data sharing will immediately cease for the joint account with respect to any existing data sharing consents;
(b) no account owner will be able to share data from that account; and
(c) any subsequent request to enable data sharing on the joint account will need to be approved by all joint account holders within a specified period of time.
Joint account holders will be notified whenever the data sharing status of the joint account changes. Account holders will also be notified when another joint account holder creates, amends or withdraws an authorisation to share data with an Authorised Data Recipient or an authorisation has expired, unless the joint account holder has nominated not to receive these notifications.
Nominated Representatives who have been authorised will be able to view and revoke Open Banking data sharing authorisations specific to the trust or company.
All of the trust’s or company’s eligible Open Banking Accounts will be available to the Nominated Representative to select for Open Banking data sharing. Open Banking Accounts include accounts that are open, closed, and may not be otherwise visible or accessible to the nominated User in Online Banking.
Visit our Open Banking page for further information as well as a list of eligible accounts.
You may stop your use of myRAMS at any time by calling us on 13 RAMS, that's 13 7267 during contact centre hours. We may stop your use of myRAMS by providing you with 20 days’ notice either in writing or electronically.
In certain circumstances, we may also suspend your access to myRAMS - see clause 9.4.
In some circumstances, including where we consider it reasonably necessary to meet our regulatory and compliance obligations (including those relating to anti-money laundering and counter-terrorism financing) or to manage associated risk, we may, without giving you notice:
Examples of when we may take these measures include where we have reasonable grounds to believe that:
We may take these measures for as long as we reasonably need. We and our correspondents are not liable for any loss you suffer (including consequential loss) in connection with the relevant product(s).
You provide us the following undertakings and indemnify us against any potential losses arising from any breach by you of such undertakings:
You should also be aware that:
Where we reasonably believe that a payment made to your account may be a payment made in error, we may, without your consent, deduct from your account an amount no greater than the payment amount made in error and return it to the understood source of origin or as required by law, code or regulation. A payment made in error includes a fraudulent payment, a payment as a result of a scam affecting you or another person, an over payment, a duplicate payment or a payment error made by us. We will take steps, acting reasonably, to contact you in relation to a payment made in error where we consider it relates to a scam or fraud unless we are unable. If you receive a mistaken internet payment into your account we may be required to act in accordance with the ePayments Code.
If you are eligible and the feature is available, you can re-fix online. Using your computer, log in to the myRAMS website. Re-fix options are available on your Account Summary page.
The terms and conditions that apply to re-fixing the interest rate on your home loan are contained in your original loan agreement. You should read them carefully.
You must accept the re-fix terms and conditions before confirming to re-fix in myRAMS.
If you re-fix your home loan, the new fixed rate period will start on the day after your current fixed rate period ends. We will notify each borrower of the details. If you don’t re-fix before your current fixed rate period ends, your home loan will automatically switch to a variable rate the day after your current fixed rate period ends.
If your financial circumstances change before the start of the new fixed rate period, we reserve the right to withdraw a re-fix offer, or request.
This agreement and the transactions carried out under it using myRAMS are governed by the law in force in New South Wales. Both you and we submit to the non-exclusive jurisdiction of the courts of that State.
|Access Code||Means any one or more of your myRAMS Password, myRAMS Mobile PIN, SMS Security codes and any other code we provide you (or permit you to choose) from time to time, that enables you to log in or use myRAMS and which you are required to keep secret.|
|Accessible Account||Has the meaning given in clause 2.|
|Account||Has the meaning given in clause 2.|
|Accredited Data Recipient||Has the same meaning as is defined in the Competition and Consumer Act 2010. An accredited data recipient has been accredited by the Australian Competition and Consumer Commission (ACCC) to receive consumer data to provide a product or service.|
|Available redraw||In relation to an Account, has the meaning given in the loan agreement for that Account.|
|Banking Day||A day other than a Saturday or Sunday or a public, special or bank holiday in New South Wales|
|Biller||An organisation which issues bills to customers, where the bills can be paid by a customer using BPAY. Also see clause 5.1.|
|Biller Payment||A payment to a Biller using BPAY.|
|BPAY||The electronic payments scheme through which you can instruct us to make payments on your behalf to Billers.|
|Contact centre hours||Please see our Contact us page for contact centre hours.|
|Customer ID number||The eight digit Customer Identification Number by which RAMS identifies you.|
|Daily limits||Has the meaning given in clause 8.|
|Damage||Means loss or damage and includes both direct and consequential loss or damage.|
|EFT||Electronic Funds Transfer.|
|ePayments Code||The ePayments Code is an industry code governing certain electronic payments.|
|For example, including or such as||When introducing an example does not limit the meaning of the words to which the example relates to that example or examples of a similar kind.|
|Mistaken internet payment||Means a payment, other than one made using BPAY, by an individual through the 'Move money' internet banking facility and processed through direct entry where the funds are paid into the account of an unintended recipient because the individual enters or selects a BSB number and/or identifier that does not belong to the intended recipient as a result of the individual's error or the individual being advised of the wrong BSB number and/or identifier. This excludes payments made as a result of a scam.|
|Mobile Phone||If you are registered for SMS Security and/or SMS Notifications, the mobile telephone device with the telephone number that you have registered as the Mobile Phone to which SMS and notifications should be sent by SMS.|
|myRAMS||The service that we make available through the internet to enable you to make transactions and view information in connection with your accounts over the internet (whether using a computer or suitable mobile device)|
|myRAMS Mobile||The mobile optimised version of myRAMS which enables you to make certain transactions and view information in connection with your accounts on your mobile devices.|
|myRAMS Mobile PIN||The 4 digit PIN that you can set up to log into myRAMS Mobile after you have first logged in using your customer ID and myRAMS Password.|
|myRAMS Password||The 8 character password which we issue to you on registering for myRAMS or any other 8 to 30 character password you or we change it to from time to time.|
|Nominated Representative||A person who has been authorised to engage in Open Banking data sharing on behalf of a trust or company.|
|Open Banking or Consumer Data Right||The Australian regulatory regime established under PartIVD of the Competition and Consumer Act 2010 that enables access to information about RAMS’ goods or services, and enables disclosure by RAMS of specific data relating to a customer (including individual, trust or company customers), held by RAMS, to the consumer or to Accredited Data Recipients.|
|Open Banking Accounts||Any account held by a RAMS customer that is eligible for Open Banking data sharing in accordance with the Consumer Data Right legislation, rules and requirements. This includes accounts that are open closed, and which may not be otherwise visible or accessible in Online Banking.|
|Payee||An individual or entity (other than yourself) who has an account into which you transfer or intend to transfer money.|
|Profile||A myRAMS service that can be accessed when signing into myRAMS. An individual customer can be registered for their own myRAMS profile and may also be added as a Nominated Representative to access the profile of a trust or company for the purpose of data sharing.|
|RAMS||RAMS Financial Group Pty Limited (ABN30 105 207 538 AR 405465 Australian credit licence 388065) and its successors and assigns.|
|SMS Notifications||The optional alerts service described in clause 7.|
|SMS Security||The optional additional security service described in clause 7.|
|We||Westpac Banking Corporation (ABN 33 007 457 141 AFSL and Australian credit licence 233714) (Westpac) and its successors and assigns.|
|You||The account holder who has accepted these terms and conditions.|
Clause headings do not affect the interpretation of clauses.
Unless the context requires otherwise, the singular includes the plural and vice versa.
A reference to:
myRAMS is provided to you by:
Westpac Banking Corporation
275 Kent St, Sydney NSW 2000
RAMS is a wholly owned subsidiary and an authorised representative of Westpac. RAMS is authorised by Westpac to distribute myRAMS.
Unisys Mortgage Processing (No. 1) Pty Ltd ABN 29 147 490 819 (UMP) is authorised to provide financial services, including call centre and other administrative services in relation to myRAMS, as an authorised representative of Westpac. UMP can be contacted through any of the following channels:
Telephone: 13 7267
Mail: Locked Bag 5001, Concord West, NSW 2138
Terms and Conditions - Effective 9 November 2023