Payment limits apply to Adviser Initiated Payments (AIP) made via Adviser Online from your clients’ accounts.
There is a $500,000 transaction limit for EFT via AIP to accounts per day.
Payment limits apply to Adviser Initiated Payments (AIP) made via Adviser Online from your clients’ accounts.
There is a $500,000 transaction limit for EFT via AIP to accounts per day.
There is a $500,000 transaction limit for EFT via AIP to the ATO per day. However, you can make payments to the ATO via BPAY.
A daily payment limit applies to Pay Anyone payments made by your client via Macquarie Online Banking or the Macquarie Mobile Banking app from their Macquarie accounts to another Australian bank account.
To transfer more than $2,000 per day, your client will need to download and set up the Macquarie Authenticator app.
These payment limits apply when your client transfers funds electronically from a Macquarie account via Macquarie Online Banking or the Macquarie Mobile Banking app to another Australian bank account for all Pay Anyone and New Payments Platform (NPP) payments.
Example
If your client doesn't have the Macquarie Authenticator app and makes a transfer of $1,000, their remaining transfer limit is $1,000 across all of their accounts linked to their Macquarie ID for that same day.
For payments up to $500,000, you can use AIP, but for payments exceeding $500,000 your client can use the following options:
Complete a withdrawal form
If your client intends to make a one-off payment over $500,000, they'll need to complete one of the following forms:
Please be aware that BPAY® billers impose their own limits on the amount that they will accept in a single transaction or day.
For more information on BPAY Payments, please see BPAY Payments made via Electronic Banking.
Chat in real-time with an adviser consultant Monday to Friday, 8am to 7pm Sydney time (excluding public holidays).
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