Hi, Auctions I've attended require 10% deposit if you are the successful bidder. I intend to borrow only 80% of the purchase price from the bank. At what point do I need to have 20% ready? On auction day? Or do I just need to have 10% ready on auction day and the remaining 10% ready on settlement day? Also, how does one normally coordinate the availability of funds on auction day? Just having the amount sitting in an on call account and assuming my bid is accepted, just heading into a branch and getting a cheque? Thanks.