Invest using BPAY®

Investing with BPAY® is simple and flexible;

  • You can make regular recurring additions to your existing investment at the frequency and amount of your choosing# (subject to a minimum of $500 per transaction^).

  • You do not need to send an instruction to the Unit Registry when adding to your investment using BPAY® or when changing the amount and/or frequency of a recurring BPAY® payment.

  • BPAY® payments generally clear overnight. Faster clearance times mean that units will be issued to you earlier.

Who can use BPAY® to invest?

Existing investors

At present, only existing investors can use BPAY® to add to their investment in a Magellan fund or to make an investment in another Magellan fund. BPAY® is not currently a payment option for new investors.

How do I use BPAY® to make an investment?

BPAY® is available as a method of payment in the online banking portals of most Australian banks and financial institutions. We recommend that you contact your bank or financial institution to confirm that you can use BPAY® to make a payment from your account, or if you are unable to locate BPAY® in your online banking portal.  

Once you have logged in to your bank or financial institution’s online banking portal, follow these steps to add to your existing investment:

  1. Enter the Biller Code for the Fund (Biller Codes for the Funds are provided below)
  2. Enter your unique 12-digit Customer Reference Number (CRN). Please note that this is different from your investor number. Please contact the Unit Registry to obtain your CRN or refer to your latest transaction confirmation
  3. Enter the amount you wish to invest. Please note that a minimum of $500^ applies to additional investments made by BPAY®. If you don’t currently have an investment in the fund, then the initial minimum investment amounts apply.
  4. Record your receipt number or save a copy of your BPAY® payment receipt as proof of payment. The Unit Registry will send you a transaction confirmation once units have been issued to you.

# Subject to your financial institution or bank supporting scheduled payments and systems availability.
^ Minimum additional investment for Magellan High Conviction Fund (Class B) using BPAY® is $1,000.

BPAY® Biller Codes for Magellan Funds