Macquarie Cash Management Account

How do I apply for the Macquarie Cash Management Account?

If you find that the features of the Macquarie Cash Management Account fit in with your investing style, you can complete an application online in just a few minutes by visiting Macquarie website, or download and print an application form.

Eligibility to apply online

In either case you are going to first want to ensure that you are eligible for this type of cash management account:

• Minimum age. You must be at least 18 years of age in order to qualify for this account.
• Residency requirements. All eligible applicants must be an Australian resident with a verifiable residential address.

• Depository requirements. You do not need to make any initial deposit in order to open the account. Electronic signatures are used, so once the account has been opened you will be able to make deposits immediately.

Documentation

In addition to meeting the eligibility requirements, you will also need to provide Macquarie Bank with certain documentation in order to ensure that your details are processed quickly:

• Tax file number. Your tax file number (TFN) or TFN exemption is needed by Macquarie Bank in order for them to withhold the correct tax amount from any interest earnings.
• Identification. Macquarie Bank employs electronic verification of your identity, so providing them with your passport or driver’s licence number should be sufficient to open the account.

Applicants who do not pass the electronic verification will need to provide physical identification documentation. If not, you will be notified of the account details within a few business days of submitting your application. Providing your electronic signature allows for you to begin making deposits into the account immediately.

I want to open a cash management account for SMSF. The trustee is corporate trustee. What document do I need to supply? I know Macquarie bank will supply me an Electronic Service Address for free. How long does it take to issue me such ESA? Could you please email me application form? I also want to link this account to trading account/platform, is any form I need to fill?

If you are providing your identification directly to Macquarie you will need to supply the following documents:

• Macquarie trust identification form and
• Macquarie company identification form and
• Certified copy of a up to date extract of the trust deed. The extract should include the page which shows the trust name, names of trustees, signatures o trustees with witnesses signatures, date of execution, names of beneficiary, names of settlor and each signatory must provide the general identification requirements, such as an passport of driver’s licence.

Macquarie’s ESA is provided on this page I’ve emailed you the link to the online application form. To link your share trading account, please get in touch with the customer service team at Macquarie to organise this as the form is not readily available online.