Overview

The Macquarie New Account Application allows users to initiate new Macquarie Cash Management and Accelerator Accounts (high-interest savings accounts linked to the Macquarie CMA) on behalf of the SMSF Trustees, with key information prefilled in the application form.

This can be utilised by both a newly formed SMSF or an existing SMSF. 

If the application is approved by Macquarie, a data feed will be established, and account transaction data will be available to view in the entity.

Navigation

From the Main sidebar, go to Connect.
Select Connections
Select Open Account for Macquarie - Open New Cash Management Account

The following fields must be entered to open the Macquarie Cash Management Account

Entity Name - Select the entity for the new account application. This will be automatically selected if an entity was selected before accessing the Open account screen.

Would you like to open a linked Accelerator account with your CMA? - This will open an Accelerator account along side the opening of the Macquarie Cash Management account. The Accelerator Account is a high interest savings deposit account, there are no fees or minimum balance requirements. For more information click here. This will be toggle 'Yes' by default.

Account Type - This will be preselected based on the Fund Relations 'Trustee' setup. The Account types are individual trustee (SMSF or Trust), Corporate Trustee (SMSF or Trust), Company or Individual.

Primary Applicant - The selected trustee or company director will receive an email allowing them to resume and complete the new account application before submitting to Macquarie for approval.

Review the details and enter any missing data.

Click the toggle confirming that you agree to the conditions.

Then select

• A new account application request will be sent to Macquarie, and if submission successful, Macquarie will return with a BSB and Account Number.
• Simple Fund 360 or Simple Invest 360 will create a bank feed in the Feed Management screen using the BSB and Account Number received.
• If the application is approved by Macquarie, BGL will be authorised to receive transaction and balance data.