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DEFT digital payments guide - Macquarie Bank

Macquarie bank is changing their DEFT payment options. Individuals are instructed to refer to their DEFT invoices to discover the options made available to them by their respective billers.

Payment options via DEFT

  1. BPAY®:

    • Payments through BPAY can be executed via online or telephone banking, facilitated by the provision of a Biller Code and Reference Number from the biller.

    • Users have the option to set up either one-off or recurring payments via their bank account, debit, or credit card.
    • A direct debit arrangement is also feasible for eligible billers, ensuring automatic debit of payments when due.
    • Accepted cards include American Express, Diners Club, Mastercard, and Visa, with potential transaction fees.
  3. BPAY Batch (if available):

    • BPAY payments are attainable through internet banking.
    • Businesses dealing with multiple bills can generate a BPAY Batch file using their business management software and subsequently upload it to internet banking for authorization and payment.
  4. Australia Post:

    • Payments can be made in-store at Australia Post through eftpos or cheque.
    • A biller-generated barcode, typically located on invoices or levy notices for strata lot owners, is required for this method.

To safeguard the integrity of accounts, individuals are advised to:

  • Exercise caution regarding unusual requests from billers, such as changes to accepted payment methods.
  • Verify the authenticity of any updated payment details received via email by seeking verbal confirmation from the biller.
  • Direct payments to DEFT using the methods specified in the guide.
  • Refrain from making payments to intermediaries, even if they offer discounts on bills.

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Owners Corporation Fee Payments - The Convenience of DEFT

30 Jan 2024

Managing Owners Corporation fees can sometimes be a challenge, especially when faced with quarterly or six-monthly payment notices. However, there is a convenient way to stay on top of fees by setting up recurring payments through DEFT. In this article, we will explore the benefits of using DEFT to pay Owners Corporation fees and how it can help budget more effectively.
Understanding DEFT
DEFT is a secure and flexible payment platform that allows individuals to set up regular, automated payments for various bills, including Owners Corporation fees. By linking DEFT account to income schedule, to ensure that a portion of a wage is allocated to pay fees regularly.
Benefits of Setting Up Recurring Payments:
  • Consistent Budgeting: One of the primary advantages of using DEFT for Owners Corporation fee payments is the ability to set up recurring payments based on pay frequency. If someone receive their income fortnightly, for instance, they can allocate a portion of their pay to cover their fees. This ensures to be consistently contributing towards fees, making it easier to budget and manage finances.
  • Avoiding Last-Minute Rush: Quarterly or six-monthly fee notices can sometimes catch us off guard, leading to last-minute scrambling to gather funds. DEFT reduce the stress of large lump-sum payments by making regular contributions throughout the year. This proactive approach ensures that when the fee notice arrives, significant progress has already been made in covering the costs.
  • Eliminating the Risk of Late Payments: Late payment of Owners Corporation fees can result in penalties and strained relationships with property management. DEFT allows to set up automatic payments, reducing the risk of forgetting due dates and incurring unnecessary late fees.
  • Customised Payment Schedules: DEFT offers flexibility in setting up payment schedules according to each financial preference. Whether by paying weekly, fortnightly, or monthly, DEFT allows to tailor the payment frequency to align with each income structure.
  • Enhanced Financial Control: By automating Owners Corporation fee payments, each individual gain better control over their financial obligations. It allows to track payments, monitor account balance, and make adjustments as needed. This level of control contributes to overall financial stability.
Setting up recurring payments with DEFT for Owners Corporation fees is a convenient way to manage finances. It not only ensures consistent contributions but also helps avoiding the stress of last-minute payments and late fees. Taking control of budget, streamline payments, and enjoy the peace of mind that comes with staying ahead of Owners Corporation obligations.