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.






    • Related Articles

    • How can I access Macquarie online banking?

      To access Macquarie Online Banking: Go to online.macquarie.com.au/personal/ select Log in Select Macquarie Online If this is your first log in to Macquarie Online, select "New to Macquarie?"; enter the Macquarie ID provided in your welcome email and ...

    • What is CHESS? What is a HIN?

      If you buy or sell financial products such as shares in a listed company, you must exchange the title or legal ownership of those financial products for money. This exchange is called settlement. For financial products traded on the Australian ...

    • Are there fees when transferring my holdings to Marketech from another broker?

      Marketech do not charge for HIN transfers or uploading stock from an SRN.   Off-Market Transfers do attract a fee of $27.50 per holding.  This fee is charged to you directly by OpenMarkets, on your authority they will debit the fee directly from your ...

    • How do I transfer my HIN or Stock from another broker?

      You can transfer your HIN from another broker at the time you set up an account with Marketech. In the online account application, there is a section dedicated to HIN transfers, please complete the details of your current broker and HIN and attach ...

    • Where can I find my registration details (including my HIN)?

      Your HIN and other account details can be found as per below: In the portfolio tab, next to your account name, click the   A pop up will appear of your accounts. Click the  then 'view account details' Your HIN is available under 'Trading Account.'