Opening a linked Macquarie CMA
Your Macquarie Cash Management Account
(CMA) is a bank account that will be used for investing. It has no set up or monthly fees and you will earn interest on your cash balance. Your Macquarie CMA is integrated
with your Marketech trading account for the settlement of trades. As it feeds directly into Marketech Focus, it allows us to display your daily cash balance so you
can see how much money you have before placing a buy order.
Activate your CMA
for a Marketech trading account, a new Macquarie CMA application will be generated. Every applicant will receive an activation email with a link to review the application
online and consent to Macquarie’s terms and conditions. To avoid
delays in your account set up, please action this ASAP.
General Withdrawal Authority
Marketech engages OpenMarkets to
facilitate the trading and settlement of transactions from your account,
therefore they are required to have General Withdrawal Authority on
your Macquarie CMA. Please refrain from
editing this in your Macquarie application form.
Macquarie will email you a BSB and Account Number for your
new cash account once you have reviewed the application. With these details you will be able to transfer funds into your Macquarie CMA using internet, mobile or telephone
Once your account has been
finalised, Macquarie will send a welcome email which
will include your internet
banking access information. Using these details, you
can now manage your cash account just like any other bank account and transfer
funds out as you please.
For the security of your funds, Macquarie requires you to
'nominate' an external bank account in their system before you can transfer
ID and Trust Deeds
Marketech uses electronic verification (EV) to identify clients, so unless your EV has been unsuccessful, there is no need to provide any further identification. For any requests in the future that require you to complete a Macquarie form (e.g. Change of details; Direct Debit Requests), Macquarie will ask for a copy of your drivers licence so they can verify your signature.
Self Managed Super Funds will be required to send a scanned copy of the front page, schedule and signature page of the Trust Deed. Family and other Trusts will be required to email to us a certified copy of the entire Trust Deed.
To contact Macquarie about your account, call 1800 806 310. For more information on the Macquarie Cash Management Account, click here
Emails you'll receive during the account opening process
When you apply online for an account with Marketech, you will receive a series of emails, some of which will require your attention. Below we have outlined the emails you are likely to receive and action required by you to ensure the prompt ...
How long will it take to process my account application?
Once you have completed your online application, there are a few steps behind the scenes that are required in order for your account to be ready for trading. The reason it takes time is because we are establishing or transferring a HIN and setting ...
Opening an account for a Trust
This section refers to other Trusts such as Family Trust, Investment Trusts or other. For information on setting up an account for a Self Managed Super Fund, please click here. To prepare yourself for the application, please ensure you have the ...
Opening an account for a SMSF
To prepare yourself for the application, please ensure you have the following information ready. Your personal details and details of any other individual trustees listed on the trust deed. All individual trustees will need to confirm their identity ...
Opening an account for a Company
To prepare yourself for the application, please ensure you have the following information ready. Australian Company Number (ACN); Australian Business Number (ABN); Tax file number; Date and place of incorporation; Registered office address and ...