Check your SMSF bank account details are up to date

Check your bank account details are current to ensure your fund can receive super payments.

For your fund to receive certain superannuation payments from us, you need to ensure the ATO has your SMSF’s current bank account details.

Correct bank account information is critical for the receipt of super payments including:

• super payments from your member’s employer when paid through the ATO’s Small Business Super Clearing House (SBSCH)
• rollovers from large APRA-regulated superannuation funds.

You or your registered agent can check ATO have your current SMSF bank account details by checking the bank account listed on the fund’s superannuation account in ATO’s Online services for business or Online services for agents.

You review this by accessing the financial institution details screen from the Profile menu.

If there’s no bank account listed, then you or your agent will need to add one through Online Services.

You should also make sure the fund bank account provided to your members’ employer or an APRA-regulated fund for the purpose of a rollover, exactly matches what’s listed on your Superannuation account in our Online Services.

You can find out more about how to add or change a bank account for your SMSF at – Set up a bank account on this website.

If you have any questions, feel free to ask them in the comment section. We will be happy to answer all your queries.