Apply for a Cash Management Account

The Macquarie Cash Management Accelerator Account (Accelerator) is a savings deposit account that links to your Macquarie CMA.

An Accelerator account offers you the convenience of having your investment cash hub and your surplus investment cash account in one place.

Benefits of an Accelerator account

• No fees
• No minimum or maximum balances
• Real-time transfers to and from your linked CMA during a business day
• Covered by the Government Guarantee under the Financial Claims Scheme (up to $250,000 per account holder across all your deposits with Macquarie).

Most investors use an Accelerator account as a place to keep their excess investment cash. Please note that interest rates are variable and subject to change. You can view the current Accelerator interest rates here.

You can open a CMA or CMA Accelerator for:

• an individual (e.g. JOHN CITIZEN)
• joint parties (e.g. JOHN CITIZEN & JANE CITIZEN)
• a trust or self-managed super fund (SMSF) (e.g. JOHN CITIZEN ATF CITIZEN FAMILY TRUST or JANE CITIZEN PTY LTD ATF CITIZEN SUPER FUND), with the following trust types accepted:
  • SMSF
  • Discretionary investment trust (e.g. Family trust)
  • Discretionary services management trust
  • Trading trust
  • Hybrid trust
  • Property trust
• a company or business (e.g. JOHN CITIZEN PTY LTD).

We do not support trusts that fall outside of those listed above, including but not limited to bare trusts.

If you are an Adviser, please refer to this Help Centre Article.

If you’re applying for a CMA for a trust or SMSF, you’ll receive any next steps on-screen immediately after you submit. If there are any trust associates on the application, invitations will be sent out via email to the trust associates to complete their application.

For all other applications types, you’ll receive an email with the subject line “Macquarie Cash Management Account”. The email will contain instructions for how to review and finalise the application.

Each applicant will receive a personalised email to the email address provided, with their own unique PIN in order to approve and accept the application.

The email will contain:

1. a link to read through the offer documents on the Macquarie website
2. a link to the application form, to review that all information is correct
3. instructions to use the unique four-digit PIN (provided in the email) to confirm that they accept the Terms & Conditions of the account.

When you click on the link to the application form, you’ll be asked to confirm your email address and date of birth, to access the application. You can review and edit any information on the form, before selecting Next.

On the next screen, you’ll be required to confirm whether you’re an existing client and what your four-digit PIN is, as provided in the email. You can also choose to resend the PIN. Once you’ve entered the PIN, you can scroll down to the bottom of the page to accept the application.

When you’ve submitted the application, an email will be sent to any additional applicants for review and approval. Any additional applicant(s) will need to complete the same steps.

Under our Anti Money Laundering and Counter Terrorism Financing (AML/CTF) regulatory requirements, we can’t open any account if there are discrepancies with the information you provide in the application.

We recommend you carefully check the information you provide to ensure it’s as complete and accurate as possible. Applications will need to be resubmitted if any of the following are incorrect:

1. Personal information – Ensure your personal email is accurate, your date of birth (DOB) is correct, and your name is spelled correctly and provided in full.
2. Directorship information – If applicable, verify that your directorship details align with the information registered with ASIC.
3. Trust details – If you are applying as part of a trust, confirm that the trustee, settlor, trust name and trust type are accurate.

Material discrepancies are relating to information that appears as suspicious or fraudulent, for example:

• Information that appears on a regulatory body search that’s different from what’s been provided on an application
• Signatures not matching
• Inconsistent address details
• Photographs that don’t appear to be of the same person.

What information do I need to provide from my driver licence for electronic verification of identity?

If you’re using your driver licence as ID, we’ll ask for your licence card number and your driver licence number to support electronic verification checks completed during our application process. Your licence number helps us identify who you are, and the card number verifies that it is the most up to date card. 

For New South Wales, Queensland and Victoria Driver Licences, you can find your licence number and card number by using the below images, which indicate where the licence number and card numbers may be. 

To find the driver licence and card number for South Australia, Western Australia, Northern Territory, Tasmania and Australian Capital Territory, please refer to the Licence Information sheet.

To certify a copy of an original verification document, please follow the standards below:

• The certification must include the mandatory certification elements, which are listed below:
  • Certifier’s full name
  • Certifier’s qualification/capacity to certify documents, including their years of service where relevant. If you’ve certified a verification document yourself as an adviser, the capacity should be recorded as ‘Financial Adviser’ or as ‘Financial Planner’, in this instance the years of service is not required.
  • Certifier’s signature (digital signature is not permitted)
  • Date, and
  • Certification statement – to the effect of “I certify this is a true copy of the original document which I have sighted.” (written or stamped)
• The certifier must sight the original document in person (not over video conference)
• A verification document must not be expired (unless it’s a passport in which case the expiration date must not be older than two years)
• The copy of the document must be fresh (meaning it must not be certified on the same copy as a previously certified document)
• If certified by an employee of an adviser firm and the adviser firm holds an Australian Financial Services Licence, the employee can certify the document providing they have been employed at the firm for at least two or more consecutive years.
• Certified copies of your identification documents are to be no more than 2 years old at the time of acceptance by Macquarie

For more information please visit our client identity verification FAQs.

To comply with the Anti‐Money Laundering/Counter‐Terrorism Financing (AML/CTF) legislation, we need to collect and verify information about each beneficial owner.

A beneficial owner is an individual who ultimately ‘owns’ or ‘controls’ an entity.

This includes the individual, or individuals, who directly or indirectly, ‘owns’ 25% or more of the entity, or ‘controls’ the entity through decision making including an appointor, protector, trustee, director or a senior managing official.

A beneficial owner is always a natural person. Therefore, if another entity is a beneficial owner of the entity (including corporate trustees), the beneficial owner requirement (defined above) must be applied to that respective entity and so on until a natural person or persons can be identified.

Types of beneficial ownership

For the purpose of determining beneficial ownership:

• ‘Owns’ means owning 25% or more of the entity. This can be directly (such as through shareholdings) or indirectly (such as through another company’s ownership) or a combination of both direct and indirect holdings
• ‘Controls' includes control as a result of, or by means of, trusts, agreements, arrangements, understandings and practices, and includes exercising control through the capacity to determine decisions about financial and operating policies.