What Data Can be Shared by Macquarie (MAQ)? [FAQs]
What Data Can be Shared by Macquarie (MAQ)? [FAQs]
Macquarie provides the option for both sole and joint account holders to share their banking data with Accredited Data Recipients (ADRs) across various personal and business banking products. These products encompass Macquarie credit cards, home loans, term deposits, cash management accounts, transaction accounts, and savings accounts.
How to Share Your Consumer Data for Business/Entities
For individuals or sole traders eligible for consumer data sharing and holding an eligible Macquarie Personal Banking Product:
- You can share consumer data for your account(s) without the need for appointing a nominated representative.
For companies, trusts, or partnerships (Entities):
- A nominated representative needs to be appointed first (refer to "How to appoint a nominated representative section" section).
- Once appointed, the nominated representative can proceed to initiate data sharing on behalf of the Entity.
Learn more here: Open banking and the Consumer Data Right
For ongoing updates on MAQ CDR and the advancement of open banking, please consult the guide available at Macquarie's Open Banking Guide.