Understanding daily limits on payments and transfers

A daily payment limit applies to all Pay Anyone and New Payment Platform (NPP) payments made via Macquarie Online Banking or the Macquarie Mobile Banking app from your Macquarie accounts to other Australian bank accounts.

• With Macquarie Authenticator, your daily transfer limit is $100,000 across all your eligible accounts linked to your Macquarie ID.
• Without Macquarie Authenticator, your daily transfer limit is $2,000 across all your eligible accounts linked to your Macquarie ID.

To transfer more than $2,000 per day, you’ll need to download and set up the Macquarie Authenticator app.

Your daily PayID limit is $10,000. This is a sub-limit of the daily Pay Anyone limit  which means that if you make a PayID payment, your daily $100,000 limit will reduce by the amount of the payment.

Your daily PayTo limit is $25,000. This is a sub-limit of the daily Pay Anyone limit, which means that if you make a PayTo payment, your daily $100,000 limit will reduce by the amount of your PayTo payment. 

There’s no limit on BPAY^® payments. However, please be aware that some billers may impose their own limits on the amount that they will accept in a single transaction or day.

There is no daily limit for transfers between your Macquarie accounts, to your nominated account/s (if you’ve set one up), or to the Australian Tax Office, excluding home loan accounts with a BSB starting 183 where the standard PayAnyone limits apply.

If you intend to make a one-off payment over $100,000, complete one of the following forms: 

• For Business Savings Account, use this form
• For bank accounts, use this form
• For home loan offset accounts with a BSB starting with 182, use this form
• For home loan offset accounts with a BSB starting with 183, use this form.

For a list of approved electronic signature providers acceptable for the above forms, please see here.

In the case of joint account holders, the applicable daily payment limit linked to the Macquarie ID will only reduce for the account holder who initiated the payment from the joint account by the amount of the transfer.

Example of joint account limits

• A joint account is held by Account Holder A and Account Holder B.
• They both have the Macquarie Authenticator app and therefore both have a daily payment limit of $100,000 across all eligible accounts linked to their Macquarie ID, including their joint account.
• If Account Holder A makes a payment of $20,000 from the joint account, Account Holder A will be left with a remaining daily payment limit of $80,000 across their eligible accounts.
• Account Holder B would still have their daily payment limit of $100,000 across their eligible accounts (and they haven’t made any other payments on any other eligible accounts they hold on the same day). However, Account Holder B would only be able to make payments of up to $80,000 from the joint account that day.

From 12 April 2024: A $30,000 daily payment limit applies to transactions made with your debit card either in person or online, including via Apple Pay or Google Pay.

The following daily limits apply to credit card transactions:

• Cash advance - $1,000 per transaction. Once you reach this limit, you’ll need to pay down your cash advance balance before you can withdraw cash again. 
• Visa contactless limit with no PIN - $200 per transaction.