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How do I use my Macquarie CMA?

  • Updated

Macquarie Cash Management Accounts (CMA) can be integrated with Opentrader, which allows for a pretty slick trading experience ⚡️ 

If you’d like to link a Macquarie CMA instead, you can let us know and we can link this for you instead (please see here for the steps).

As long as: 

  • The CMA isn’t linked to another trading account already ✅
  • The CMA account name matches the Opentrader account name exactly ✅
  • If you haven’t got a Macquarie CMA already, you must be in Australia to open one ✅

We’ll use the CMA account to settle your trades on Opentrader

After your CMA has been linked, we'll automatically deposit proceeds from sale transactions and debit funds for shares you purchase 💰 

Managing your Macquarie CMA 

If you haven’t got a Macquarie CMA already, you can apply online with Macquarie. Please note that you must be in Australia to open a Macquarie CMA. After this, you can access and manage your account by signing into Macquarie.  

You can also view your available cash balance and generate your own cash ledger reports within Opentrader. 

Deposit money via bank transfer  

You can send a transfer via online banking to your Macquarie account 💰 

Macquarie doesn't charge deposit fees for this account (CMA), but please check if your sending bank does (especially for international transfers). 

Domestic transfers usually take around 2-3 days. International transfers do take longer - please check transfer timeframes with your sending bank directly ⏳ 

We update your Opentrader balance each morning (on business days), so please allow an extra business day for the money to reflect in your available trading balance.  

Withdrawing your money 

Macquarie requires you to nominate an external bank account in their system before you can transfer funds out. You can do this by signing into Macquarie. After this, simply send money via online banking to the nominated account 💰 

Please check with Macquarie for transfer timeframes and for things like international transfer fees ⏳ 

If you’ve got an ANZ Cashactive account or need help linking your existing Macquarie CMA to Opentrader, we’ve got plenty of information on that too. 

For anything else 

If you have any questions or need help, don't hesitate to get in touch 🙋

You can reach us on live chat or over the phone on 1800 OT TEAM (1800 688 326 or +61 2 9055 4400 for overseas). We're available between 9:00 am and 5:00 pm (Sydney time), Monday to Friday. If we're away, just send us a message and we'll get back to you.

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