iCare Super does not have any restriction on bank accounts.
You can choose your preferred banks, financial institutions or credit unions to open an bank account for your SMSF.
We recommend that you should open an bank account for your SMSF immediately after your SMSF is officially set up.
How to open an SMSF bank account?
Normally, banks and financial institutions will require the following to open the bank account for your SMSF:
What banks you should choose for your SMSF?
You should consider the following factors for opening the bank account for your SMSF:
From our experience, we have seen most of our clients have chosen ANZ bank as their favourite SMSF banks.
What benefits you have when you choose ANZ Bank?
Please note ANZ V2 Plus account can not be opened from ANZ branches. You only can open it by intermediaries, such as iCare Super.
What you need to provide to us if you want to help open the bank accounts for your SMSF:
We will then send you the SMSF bank account application to you to sign and the SMSF bank account will be ready in 1-2 working days.