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:
- Log in to Macquarie Business Online
- On the menu, navigate to the Pay icon then click Single Pay
- Select the account the payment should come from
- 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.
- Enter the amount and an optional description for your reference
- Enter an optional description for the payee of biller
- Click Recurring Payment to select the frequency and date of your payment schedule
- Select Next
- 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.
- 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.