SMSF CMA

Discussion in 'Superannuation, SMSF & Personal Insurance' started by JohnPropChat, 8th Aug, 2021.

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  1. JohnPropChat

    JohnPropChat Well-Known Member

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    What Cash Management Accounts do you use?

    I use Macquarie and NAB, both great. Macquarie customer service has been the best so far - never lets me down but I am bit annoyed that they don't have Osko yet.
     
    JohnPropChat, 8th Aug, 2021
    #1
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  2. Redwing

    Redwing Well-Known Member

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    Macquarie
     
    Redwing, 8th Aug, 2021
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    OSKO has its limits. Often $5K value limited. Tha said, many banks will process non-osko using their own osko systems so real time happens anyway
     
    Paul@PAS, 9th Aug, 2021
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  4. Redwing

    Redwing Well-Known Member

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    My ING has OSKO but only fast payments using the phone , logging in via PC has delays whereas phone takes minutes
     
    Redwing, 9th Aug, 2021
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  5. JohnPropChat

    JohnPropChat Well-Known Member

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    Macquarie also offers free endpoint for receiving SuperStream Messages that show up nicely in the CMA transactions
     
    JohnPropChat, 10th Aug, 2021
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  6. Redwood

    Redwood Well-Known Member

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    Macquarie takes the majority of the market - free - online, easy to use and importantly separate to your own accounts so you don't accidentally withdraw. Usually the advisor can complete the expression of interest for you so its a matter of approving.

    Note - the accountant advisor will have third party access (I do) but cannot transact.

    Also note most of macquarie cma support team is working from home and their service reflects that - poor service.....Had a bloke burp on the phone with me the other day - said he had a big night and just woke up - it was 11am.

    Cheers Ivan
     
    Redwood, 14th Aug, 2021
    #6
  7. JohnPropChat

    JohnPropChat Well-Known Member

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    LOL. Is the working from home a COVID thing or has it always been that way? My experience has generally been quite good but then again I just have two CMA's with them.
     
    JohnPropChat, 15th Aug, 2021
    #7