Cleared funds must be available in your Macquarie account the day before you expect to use the funds.
The receipt of funds into your Macquarie CMA is dependent upon your payment method.
- EFT
(electronic funds transfer) - transfers from a Macquarie account will
generally reach your account on the same business banking day. Transfers from other
financial institutions generally reach your
account the following business banking day.
- BPAY - BPAY deposits take two business days to clear.
- Cheque deposits - cheques take approximately three business days to clear and must be cleared before you can purchase shares on your account.
Please refer to this link for more information.
Please ensure you take the time frame into consideration as the upload from Macquarie Bank into our settlement systems is done once per day (usually around 2am EST with funds showing as Available to trade by around 8am EST), and whilst funds deposited after the cut off time, may appear as At bank (pending), they will not be available to trade with until the next business day. Whilst we are working with Macquarie to revise this system, and upload balances more frequently, at this stage they have not been able to provide us with a reliable time frame for this to happen.
Please note: For FocusPro subscribers we may be able to manually update your cash balance for you intraday . If you let us
know the account you have deposited funds into, with cooperation from
Openmarkets, we can usually update the balance for you manually. Due to the
manual nature, we generally limit the process to deposits above $20K, and we’re
unable to provide any guarantees around the timeliness (due to the fact that we
rely on Openmarkets for part of the process), but we’re generally able to get
it completed within 30 minutes.