Closing your Business Savings Account

Before closing your Business Savings Account:

• make sure your account balance is $0
• cancel or amend any direct debits or scheduled payments that you’ve set up, including any payment agreements that you have in place 
• ensure you've downloaded a copy of any financial statements that you may need as they cannot be accessed digitally after your account is closed.

To close your Business Savings Account online:

1. Log in to the Macquarie Mobile Banking app
2. Select Business Savings account in the account list
3. Select I want to
4. Click Close Account
5. If you have accrued any interest or still have a positive balance in your account, you’ll need to choose an existing account to transfer this balance to. If you would like to use an external account to transfer this balance, select Add new and fill in the account details.
6. When you’re ready to close your account, click the Close account button on the bottom of the screen
7. You’ll receive a notification when your account is successfully closed.
8. You’ll also receive an email with your final statement attached within 24 hours of account closure.

Why can’t I close my Macquarie Business Savings Account?

You might be unable to close your account if:

• you have a direct debit for a Macquarie Home Loan or Car Loan
• your account is on hold
• you have a balance greater than $100,000 which exceeds the daily transaction limit. More information on your daily payment limits.