on 02-05-2019 05:40 PM
on 02-05-2019 05:40 PM
If deposit has already been made to the PEXA account and settlement date changes, what hapoens to the deposit. Do we leave the deposit until settlement
on 03-05-2019 11:57 AM
on 03-05-2019 11:57 AM
Sounds like funds would need to be requested to be refunded, within the limits of 'lost/unclaimed moneys'... https://community.pexa.com.au/t5/Ask-the-PEXA-Community/PEXA-Source-Account-Critical-Information/m-p...
on 03-05-2019 12:13 PM
on 03-05-2019 12:13 PM
Dear DMc
PEXA hotline confirms that once funds are deposited into the PEXA account, we will just wait until settlement happens (earlier or later) and no need to request for a refund as funds will still be used to complete the transactions.
I made sure that the amount deposited is slightly more than what is required and a destination line item in favour of the client will be created for the surplus.