Arranging a balance or limit transfer

To arrange a balance or limit transfer between your client’s home loan sub-accounts, we’ll need to speak to your client directly via live chat so they can verbally accept the changes.

Please ask them to get in touch with our team using live chat in Macquarie Online Banking or the Macquarie Mobile Banking app, 9am-5pm (Sydney time) excluding public and bank holidays.

Tips for balance or limit transfers

It is important to remember: 

  • the end balances cannot exceed the facility limit 
  • limits on (each of the) client’s accounts must be above $20,000 after the transfer
  • changes to a fixed rate account may incur break costs 
  • we’re only able to transfer limits between accounts within the same facility 
  • we’re unable to transfer a limit to an interest only sub-account without a top-up application being approved for the interest only portion of the facility. Any increase to the interest only limit will require a credit assessment.

When your client’s repayments will change

For home loan accounts with BSB starting with 182, when transferring a limit to another sub-account, the limit transfers will trigger a payment change and repayments will be adjusted on the next repayment date.

In most instances the change will be effective from the repayment date that follows the next scheduled monthly repayment.

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Unless stated otherwise, this information is provided by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Finance is subject to our credit approval criteria. Terms and conditions apply and may change without notice.

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