What are Adviser Initiated Payments (AIPs)?

Adviser Initiated Payments (AIPs) allow advisers to make one-off or scheduled payments on behalf of their client from their client's cash account. AIPs are a fast, easy and secure way for advisers to make client-instructed cash payments.

For more information on AIP payment limits, see What’s the daily limit on Adivser Initiated Payments (AIP)?

Advisers with authority on an account, can use AIPs for their clients. For verification purposes, clients must have their current mobile number and email address on record and have account signing instructions as either one account holder ('sole authorisation') or two account holders ('dual authorisation') to approve payments.

• If the account signing instructions are sole authorisation, one account holder will receive a push notification via Macquarie Authenticator to authorise the payment.
• If the account signing instructions are dual authorisation, both account holders will need to authorise via Macquarie Authenticator.
• If the signing instructions require more than two account holders to sign-off, then AIPs will not be available.

AIPs give your adviser the ability to make  different types of payments on your behalf without requiring a signed request. 

The payment types available are:

• Pay Anyone payments (up to a limit of $500,000 per day per account)
• Pay Anyone payments over $500,000 (subject to additional review)
• Transfers to existing nominated accounts
• BPAY^® payments (subject to BPAY biller code limits).

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