Some key differences between the old home loan offering (BSB starting with 183) and new home loan offering (BSB starting with 182) can be seen using the following table:

Loans with BSB starting 183Loans with BSB starting 182
  • Online payment transfers are generally overnight (as long as the transfer is done before 5pm Sydney time)
  • Online payment transfers are instantaneous between other Macquarie accounts with a BSB 182-182 and depending on when the transfer is made, transfers are generally intra-day to other bank accounts
  • No debit card can be linked to an offset account or home loan account

  • Mastercard debit card (if applicable for the product)

  • chip enabled so you can ‘tap and go’ at contactless terminals

  • card is compatible with Apple Pay and Google Pay

  • no international purchase fees (both overseas and shopping online at international retailers)

  • a refund on fees incurred at all ATMs in Australia

  • no charge to use an ATM overseas (however you may be charged a fee by international ATM operators)

  • daily limit for domestic ATM or other cash withdrawals is $2,000

  • Mastercard contactless limit with no PIN is $100 per transaction – a PIN is required for purchases over $100

  • instantly activate your card via online/mobile banking

  • set your PIN when you activate your card - can be done via online/mobile banking

  • you can opt in to receive push notifications for account activity including deposits and when you make a transaction

  • you can get discounts of up to 10% on eGift cards to use at over 50 leading retailers with Macquarie Marketplace

  • easily lock and unlock your card in the app if your card is lost or stolen

  • One offset available per home loan facility 

  • Up to 10 offset accounts available per variable home loan account (providing you have opted for the offset home loan product)

  • Account cannot be linked to a PayID

  • Payments in and out of the offset account are able to use the New Payments Platform - this means you have the ability to make and receive payments via PayID

  • Package fee charged to the balance of the loan (if applicable) 

  • Package fee automatically billed and direct debited from your nominated fees and charges account (if applicable)

  • Monthly repayment due date on the 1st business day of the month

  • Monthly repayment due date on the settlement date of the loan

  • Offset benefit: amount you save by having money in the offset account is credited into your loan account as redraw and can be withdrawn out 

  • Offset benefit: amount you save by having money in the offset account goes towards reducing the principal of your loan permanently, helping you pay your loan off faster

 

  • For fixed loan accounts, extra repayments of up to 5% of the initial fixed value can be made per year
  • Additional payments can be made above the limit but you may incur break costs

 

 

  • For fixed loan accounts, extra repayments of up to $10,000 per year
  • Additional payments can be made above the limit but you may incur break costs

 

  • Arrears: defined by each account not receiving the minimum contractual amount each month (regardless of redraw)

  • Arrears: defined by the overall facility balance being over the overall facility limit

  • Monthly & fortnightly direct debit repayment options

  • Only monthly direct debit repayment option available, however you can choose to not have a direct debit and schedule your own manual payments fortnightly/weekly 

  • When you discharge your loan, your offset account will close with it

  • When you discharge your loan, you have the option to keep your offset accounts open as a Transaction account

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