Transcription of Product Information Statement - Macquarie
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Product Information Statement - Macquarie
Product Information StatementMacquarie Cash Management AccountMacquarie Bank Limited ABN 46 008 583 542 australian Financial Services Licence 237502 DATE OF ISSUE / 1 MARCH 2022 The Macquarie Cash Management Account (Cash Account) is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL informationThis Product Information Statement describes the features of the Cash Account and, together with the Electronic Banking Terms and Conditions, contains the terms which apply to its operation. Before deciding whether to open an account, please carefully read this document and the Electronic Banking Terms and Conditions, available on Information in this Product Information Statement , including current standard fees and charges, is current as at 1 March 2022 and is subject to change. You can find updated Information online at website at or by contacting us on 1800 806 310. A copy of any updated Information is available free on Claims Scheme (FCS)The repayment of deposit funds and interest is not guaranteed.
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA). In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
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