Sharing data with your business management software

Macquarie Connect lets you share the following business banking data with your software providers:

• Account details such as your account name, account number and account balance.
• Transaction information such as the date of transactions, amount credited or debited and simple categorisation of the transaction (e.g. whether the transaction is a fee or interest).

To start sharing your data, you'll need to initiate the data sharing process from the software that you wish to share your business banking data with.

From there, you’ll be redirected to Macquarie, where you’ll need to:

1. Enter your Macquarie ID.
2. Click Next.
3. You’ll get a notification from Macquarie Authenticator
   • If you have push notifications enabled, open the push notification on your Macquarie Authenticator app and verify the request.
   • Alternatively, if push notifications aren't enabled, open the Authenticator app and select the request from your task list.
4. Select the business you’d like to set up for data sharing.
5. Click Next.
6. Choose the facilities where you’d like to share Macquarie data by ticking the checkboxes.
7. Click Next.
8. On the Confirm details screen, check all details are correct and click Confirm.

It’s important that you stay on the page until you are automatically redirected back to your software. If nothing happens after a few moments, click the button to return manually.

If you have more than one business entity, you’d like to share data for, you’ll need to repeat the above steps for each entity.

Please note, we’ll never ask you to provide your Macquarie password during this process.

If you'd like to stop sharing your data, please send an email to business@macquarie.com.

We’ll let you know before your consent to share data is about to expire.

You can initiate a request to amend your consent for an additional period (up to 12 months) via your software.

You’ll then be redirected to us so that we can:

1. Authenticate it’s you using your Macquarie ID. This must be the same Macquarie ID used to originally create the consent,
2. Send you a push notification via Macquarie Authenticator, and
3. Allow you to add and remove the facilities that you’d like to share your transaction and account data for.

With Macquarie Connect, you need to amend a consent prior to its expiry to continue sharing your data with your software.

When your consent to share data expires, data sharing will cease immediately.

At any time, proactively, you can request that your data sharing is extended for an additional period (up to 12 months) with your business management software. 

Alternatively, once expired, you can establish a new consent to share data.

If you’re switching to a new business management software, you'll need to update your data sharing consent. This involves:

1. Stopping data sharing with your previous provider
2. Setting up data sharing consent with your new provider.