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.

Authorised advisers 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 sign-off.

• 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 flexibility to make a number of different payment types without the need for a signed request. The payment types available are:

• PayAnyone, this includes transfers to any Australian account, up to a limit of $500,000 per day
• Transfers to existing nominated accounts
• BPAY® payments (subject to BPAY biller code limits).

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