Recurring payments

A recurring payment allows you to make the same payment to the same payee at regular times.

To set up a recurring payment using Macquarie Business Online:

1. Log in to Macquarie Business Online
2. On the menu, navigate to the Pay icon then click Single Pay
3. Select the account the payment should come from
4. Enter the payee
   • For an existing payee, select the saved payee details from the ‘To account’ selection box and skip to the next step
   • For a new payee, click New payee above the 'To account' selection box and enter the BSB and account number. To save this payee, simply:
     • click Save to payee list to save your new payee to your payee list so you can make future payments to them
     • click Continue
     • review your payee details and click Finish.

5. Enter the amount and an optional description for your reference
6. Enter an optional description for the payee of biller
7. Click Recurring Payment to select the frequency and date of your payment schedule
8. Select Next
9. Choose who should receive notifications for the payment on Macquarie Authenticator by selecting one of the below options:
   
   • Notify all approvers: All users with approve access to the account will receive a notification for the payment via Macquarie Authenticator on their device.
   • Notify specific approvers: Select the specific users who will receive a Macquarie Authenticator notification for the payment (Note: you can’t proceed until at least one user is selected).
   • Don't notify approvers: No users with approve access will receive a notification for the payment via Macquarie Authenticator on their device.
     Any approver can still view and approve the payment via Task Centre even if they don't receive a push notification.

To make the most of this feature, you need to make sure that you’ve got your device notifications and alerts for Macquarie Authenticator turned on. To find out more see our article Manage your device notifications and alerts.

10. Check all details are correct and select either Approve or Submit for Approval.

Make sure you know who you’re paying. Always verify that the details of the payee are correct by confirming with them directly. If your payment is being sent to a new or modified payee, this payee will be approved when the payment is approved.

Anyone with Create level access can modify recurring payments.

Recurring payments can be modified up until 11:59pm (Sydney time) on the business day before the next payment is due.

When you modify a recurring payment, it effectively cancels the original payment, and no further payments will be made until the modification has been authorised.

To ensure we can process your modified payment, please approve any modifications before 11:59pm (Sydney time) on the business day before the payment is scheduled to be processed.

To modify an existing recurring payment, simply:

1. Log in to Macquarie Business Online
2. On the Menu, navigate to Task Centre
3. Select the Scheduled tab at the top to view all your existing upcoming payments
4. Click on the recurring payment you wish to modify
5. Click on the Modify button
6. Update the fields that you would like to change
7. Click Next
8. Check all details are correct and select either Approve or Submit for approval.

It’s important to note that when you’re modifying a recurring payment, you can change all details except for the from account and the payee details.

If you want to change the account you’re paying from or the payee details, you’ll need to cancel the payment and create a new one.