What is a Domestic Telegraphic Transfer?

A Domestic Telegraphic Transfer (DTT) is a method of transferring funds between banks within Australia on the same day.

Note, you cannot set a DTT to occur on a date in the future. If you’d like to set up a one-off future dated payment, see Make a payment.

How to create a DTT

  1. Log in to Macquarie Business Online
  2. On the menu, navigate to Pay then click Domestic Telegraphic Transfer
  3. Select the account you wish to pay from
  4. Enter the payee
    • For an existing payee, select the payee from the To account selection box and skip to the next step
    • For a new payee, click New Payee above the ‘To account’ selection box
      • If you’re paying a new payee, you can:
        • Click Save to payee list to save your new payee to your payee list so you can make future payments to them
        • Click Continue
        • Review your payee details and click Finish
  5. Enter the amount
  6. Enter an optional description for the payee
  7. Click Next
  8. Check all details are correct and select either Approve or Submit for approval.

Make sure you know who you’re paying. Always verify that the details of the payee are correct by confirming with them directly. If your payment is being sent to a new or modified payee, this payee will be approved when the payment is approved.

Approving your DTT

To finalise your DTT, someone with authoriser level access will need to have their mobile or tablet device close by so they can complete approval using the Macquarie Authenticator app.

The Macquarie Authenticator app sends push notifications to the authorisers on the account to verify the payment. It’s as easy as tapping a button to approve or decline an action on your account.

Learn more about Approving payments.

If there are any issues processing your DTT request, we’ll get in touch with you to let you know and discuss next steps.

Fees for DTTs

We will not charge a fee for facilitating a DTT.

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