Macquarie Bank has announced new features for its mobile banking app, aimed at improving the experience for business customers. The updates allow users to manage accounts, view transactions, and make payments or transfers directly from their mobile devices. Business clients can also approve payments and tasks using Macquarie Authenticator, which is designed to enhance security.
The app now enables customers to switch between business and personal profiles within the same platform. Users can organize their spending by attaching receipts, notes, and categories to individual transactions.
Dean Firth, Head of Business Banking at Macquarie Bank, said: “Business doesn’t always happen at a desk. We know our clients want the ability to manage their finances seamlessly and securely from their phone, and these new features put that capability directly in their hands.”
Firth also highlighted the importance of security: “Security is front of mind for every business. With Macquarie Authenticator, our clients have greater control over their accounts, providing real-time verification for key approvals and payments. It provides a powerful layer of protection to help businesses operate with confidence, even when they’re on the move.”
Earlier this year, Macquarie Bank introduced fee-free transaction accounts as well as savings, at call investment, and trust accounts for Australian businesses. This means that business customers are not charged monthly account keeping fees or fees for electronic transactions or dishonoured payments.
Firth added: “We are committed to removing friction and simplifying banking for businesses. The Macquarie Business Online platform, integrated with Macquarie Authenticator and the convenience of seamless connectivity solutions, delivers a unique digital experience that makes banking more efficient, secure and simple for business owners.”
The bank advises customers to consider whether its products are suitable for their needs before making decisions regarding financial services or products.