What’s DEFT Auction Pay and how does it work?

DEFT Auction Pay allows you as a property buyer to pay your deposit by Direct Debit from your bank account. 
 

Here's how it works:

• The sales agent enters details of the sale on their mobile device
• You add your bank details, email address and approve the payment. You don’t need to have a bank account with Macquarie. Any Australian bank account that accepts Direct Debit is ok 
• A confirmation receipt is emailed to you and agent, and payment is processed into the trust account
• Payments can take up to three business days to clear.

• Make sure you have enough funds available in your account 
• You’re unable to use an international bank account to make deposit 
• It’s a one-off direct debit transfer with a $1,000,000 daily limit
• There may be a $0.85 fee payable at the time of payment. This will be clearly identified before you confirm the payment.
  
• Some high interest savings accounts may not be appropriate as they do not accept direct debit. Check with your account issuing institution to find out
• The agent will also need to accept DEFT Auction Pay payments. Check with your listing agent if they’ll be accepting payments with DEFT Auction Pay.