Step 1. Navigate to Menu > Completed Documents
Step 2. Enter the details into the ‘Open a Bank Account’ tab on the Collaboration page
Options:
- Open Online Trading Account: If selected, this option will open a Macquarie Online Trading account along side the opening of the Macquarie Cash Management account.
- Use direct application: If selected, the primary applicant (account holder) is sent the pre-filled application to review, input additional information and submit. If not selected, the user that selects 'Open Account' is sent the pre-filled application to review, input additional information and submit.
- Enable data feed to Class: If selected, this option will include the third-party feed authority to Class with the Macquarie Account Application. This option is only available for selection where a Class business is connected through Portal Settings > Integrations. If the checkbox is not enabled, please connect your Class business first.
Step 3. Once the details have been entered and submitted, click on the “Open a Bank Account” tab and it will show the bank account details
Step 4. An email will be sent to the nominated email address from Macquarie Bank with an attached form. Once this form is completed it will need to be sent back to Macquarie Bank. Should they require further documentation they will send a follow up email. In this case the status would be “DOCUMENTS REQUIRED”.
Note: It is recommended to review Junk/Spam folders for any Macquarie Bank communication emails, if not yet received. For additional documents requested you can contact Macquarie Bank for confirmation on what they require.
Step 5. Once Macquarie Bank has received the completed documents and they don’t require any further information, the bank account will be set up.
Linking to Macquarie Advisor
Menu > Portal > Portal Settings > Integrations > enter account details > click Update Macquarie
Once this information has been entered all future bank accounts that are created will have the details below as the Advisor for the bank account instead of NowInfinity.
NOTE:
The Cash Management Account is the only account currently offered as an integration with the NowInfinity platform by Macquarie Bank.
The account product features are imposed by Macquarie Bank not NowInfinity.
Further information
When you open a bank account via the NowInfinity portal, the information about that bank account will automatically go to the NowInfinity register with Macquarie (regardless of whether the application is in progress or completed).
If you have your own register with Macquarie and you want the application to automatically go to your register, you will need to provide us your ESI Credentials from Macquarie. To do this, you will need to navigate to Portal Settings > Integrations > Macquarie Setting.
When the ESI details are entered in the bank application, it will state that it is under your ESI account. The application will not be emailed to you regardless if your ESI details have been entered. Whilst this is the case, should any issues arise, Macquarie Bank will contact you.