Recurring payments

A recurring payment allows you to make the same payment to the same payee at regular times.

To set up a recurring payment using Macquarie Business Online:

1. Log in to Macquarie Business Online
2. Navigate to the Pay icon
3. Select Single Pay
4. Select the account you’re paying from and the account you’d like to pay to (either a payee you’ve paid before, or to pay someone new click Pay new)
5. Enter the payment amount
6. Click Recurring Payment to select the frequency and date of your payment schedule
7. Select 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.

Anyone with Create level access can modify recurring payments.

Recurring payments can be modified up until 11:59pm (Sydney time) on the business day before the next payment is due.

When you modify a recurring payment, it effectively cancels the original payment, and no further payments will be made until the modification has been authorised.

To ensure we can process your modified payment, please approve any modifications before 11:59pm (Sydney time) on the business day before the payment is scheduled to be processed.

To modify an existing recurring payment, simply:

1. Log in to Macquarie Business Online
2. On the Menu, navigate to Task Centre
3. Select the Scheduled tab at the top to view all your existing upcoming payments
4. Click on the recurring payment you wish to modify
5. Click on the Modify button
6. Update the fields that you would like to change
7. Click Next
8. Check all details are correct and select either Approve or Submit for approval.

It’s important to note that when you’re modifying a recurring payment, you can change all details except for the from account and the payee details.

If you want to change the account you’re paying from or the payee details, you’ll need to cancel the payment and create a new one.