Transferring funds between bank accounts

Transferring funds between bank accounts

Unlike some other online brokers, your banking relationship is direct between you and Macquarie.  That is, Marketech don’t have any involvement in the management of your bank account.  As such, all cash transfers are done by you through your Macquarie online portal.

It is important to remember that, whilst funds can usually be transferred between accounts relatively quickly, they will not reflect in your Marketech Focus portfolio until the following day. The Marketech Focus platform relies on the cash balances updated from Macquarie at around 3am each morning.  Therefore, funds deposited after this time will not be available in the platform until the next business day. 

Please also remember to take into consideration the time it takes for Macquarie to 'clear' the funds.  For more information see How long does it take to transfer money into my Macquarie CMA.

When moving cash around, ensure that you have enough money in your account for any settlements due.  Late settlement fees may be charged by Openmarkets as per their Financial Services Guide.
To assist in managing your cash, we display the Available to withdraw balance (per below).  The Available to withdraw balance reflects the free cash available to withdraw from your linked bank account. This is calculated as the lowest point your cash balance will reach when factoring in pending day-to-day settlements.






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