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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Unless stated otherwise, this information is provided by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Finance is subject to our credit approval criteria. Terms and conditions apply and may change without notice.

Apple Pay, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android Pay, the Android Logo and Google Play are trademarks of Google Inc. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

Other than MBL, none of the Macquarie Group entities referred to are authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), unless noted otherwise. Their obligations do not represent deposits or other liabilities of MBL. Unless otherwise stated, MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity.

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