Not particularly, we can work with most bank accounts, brokers and platforms that you choose.
For payments, we prefer Macquarie CMA as that is the simplest platform to process payments. There are no fees and it prohibits your clients fund to run into a deficit. This is of high importance because should a fund ever enter into a deficient, the auditor automatically contravenes the audit report. It is also very simple for us to be approved as a third-party payment processor.
Other banks, require us to head into branch with the trustees to be authorised, so whilst doable, it is more hands on.