Making a payment, transfer or deposit for your Business Savings Account

You can make deposits to your Macquarie Business Savings Account using:

• Electronic deposits – between your Macquarie accounts or from an account held with another financial institution by quoting your BSB and Account number.
• Direct credits – automatic deposits of funds into your account.
• NPP Payments – receive deposits into your Account by providing your PayID^® (for example, your mobile number) or by quoting your BSB and account number. Registering a PayID with Macquarie and linking it to your account is optional.
• Real time gross settlement (RTGS) payment – you will need to provide all the details required by the transferring bank. Information on how to use each of these deposit methods is available online.

All deposits to your Business Savings Account must be made in Australian dollars (AUD).

You can make payments from your Macquarie Business Savings Account using:

• Internal transfers – made via Electronic Banking between your Macquarie accounts.
• Pay Anyone payments – from your Macquarie account to an account held with another Australian bank. Pay Anyone payments may be processed via direct entry (including scheduled and recurring payments) or via NPP.
• BPAY^®– make payments to BPAY Billers from your account.
• PayID Payments – make NPP Payments from your Account to a PayID.
• PayTo – a digital alternative to direct debits that allows you to easily authorise and manage payments directly from your Business Savings Account to a business or merchant. Learn more about PayTo.
• Direct Debit – you can authorise a business or individual to debit funds from your account (including on a regular basis) by quoting your BSB and account number.

Read more about Cut-off and processing times and Daily payment limits for payments and transfers.

Please note that the following features and/or services are not currently available with the Business Savings Account: 

• Debit card  
• DEFT.

You can transfer money between your accounts, or make a payment to another bank and pay bills, using Pay Anyone or BPAY^® via Macquarie Online Banking:

1. Select the $ Pay icon from the side menu; or first click on the menu icon in top left-hand corner to display the side menu
2. Select Make a payment or transfer
3. Select the account the payment should come from
4. Select one of your accounts to transfer to or select a payee, biller (BPAY) or PayID to make a payment to from the list. You can also add a New payee, biller (BPAY) or PayID by selecting New payee +
5. Enter the amount and an optional Payment description for the payee (e.g. Reference number)
6. Check the payment date. Select to pay Now or Later or if you’d like to set a recurring payment
7. Select Next
8. Include optional details like category, tags, notes and attachments. These are optional and won't be visible to the payee
9. Select Review
10. Check all details are correct and select Confirm
11. You can optionally print a receipt of the transaction via the Print receipt button.

You can make a payment to another bank and pay bills, using Pay Anyone or BPAY^® via the Macquarie Mobile Banking app:

1. Select the $ Pay icon on the front screen
2. Select Pay 
3. Select the account from which the payment should come
4. Select a payee or biller from your payee list, or add a new payee or biller by selecting Add new payee
5. Enter the amount and an optional Payment description for the payee (e.g. Reference number)
6. Check the payment date. Select the (Pencil) edit icon to schedule the payment for a later date
7. Include payment details like category, tags, notes and attachments. These are optional and won't be visible to the payee
8. Select Next
9. Check all details are correct. Select Pay, then Confirm payment
10. You can optionally print or forward a receipt of the transaction via the (share box) icon.

1. Select the $ Pay icon on the front screen
2. Select Transfer
3. Select the account from which the transfer should come
4. Select the account to which the transfer should go
5. Enter the amount and an optional Transfer description for the payee (e.g. Reference number)
6. Check the transfer date. Select the (Pencil) edit icon to schedule the payment transfer for a later date
7. Include transfer details like category, tags, notes and attachments. These are optional and won't be visible to the payee
8. Select Next
9. Check all details are correct. Select Transfer, then Confirm transfer.

Larger payments will need to be verified via the Macquarie Authenticator app. Instructions for how to setup the app can be found in Set up Macquarie Authenticator.

It’s important to ensure the BSB and account number are correct. The account name is not used for processing payments and we do not match the account name against the account number you provide. Entering incorrect details may mean the wrong account is credited and it may not be possible to recover the funds.

Daily limits apply to any payment or transfer made via Macquarie Online Banking or the Macquarie Mobile Banking app to another Australian bank account. Your daily limit varies depending on the type of account your hold with us, whether you use Macquarie Authenticator and the type of payment you’re making. 

Find out more about Daily limits on payments and transfers.