Do my employees have to switch to Colonial First State?

Hi I'm new to this community stuff so go easy on me.

I am Account Hosted user and have been using the ATO Clearing house with ease, my question is each employee has a different super fund and if I was to use Colonel First state (As an Example) as the Clearing house would they all have to change over to CFS?

Thanks Craig

Accepted answers

All comments

Jason_Z

Hi @Chappy123

You have the option to use the fund as your default if you choose, but there is no obligation to switch.

Our partnership with Colonial First State provides you free access to the clearing house service with no obligation to switch your default fund.

Check out more info here -

FirstChoice Employer Super Clearing House for Reckon Accounts Hosted users

Kris_Williams

this is just another clearing account like the ATO and operates the same, dispersing the payment to all different employees funds

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