Why does Securexchange need these documents?
Securexchange is a trusted network of verified parties. The verification process is the first step in joining that network. These supporting details are required as a part of the one-time account verification process. These details are securely stored in an encrypted format on our files, and available to an authorised person for verification purpose only.
What documents do I need for Trust Account verification?
Account verification can be done by sending us ONE of the below: Trust Account Statement – where the BSB and Account Number are clearly shown with at least 3 transactions. Trust Account Unique Identification Number (UIN) -which is provided by the relevant authority. For example, if you create a Trust in NSW the Department of […]
How does Trust Account verification work?
Once the account sign-up form is submitted, your details will be sent to Securexchange team. Our team will contact you soon asking for supporting documents and other information to verify your Trust Account. Once you send us the supporting documents, your account should be verified within a few hours. This one-time process makes sure your […]
What happens after I sign-up?
There are two types of verification: The verification of the user (REA or Lawyer/conveyancer), and The verification of the Trust account. These can both be done separately. Conveyancers, Lawyers and REAs can start creating a workspace straight away, even if you are not verified. However, you need to be verified to create a transaction.
Can I sign-up without a Trust Account?
Only Lawyers and Conveyancers can sign up without providing Trust Account details. However, if you’re signing up as a REA, then providing your Trust Account details is mandatory.
What information do I need to sign-up?
For creating an account with Securexchange, you will need a valid email address and a mobile number. Additionally, if you’re signing up as a REA, you’ll need to provide your Trust Account details.
Can I sign-up as a Vendor or Purchaser?
Yes, vendors or purchasers can join Securexchange. It is by invitation only through your Real Estate Agent (REA), Lawyer or Conveyancer. Make sure to ask your agent, lawyer or conveyancer if they’re an Authorised User of Securexchange so you have peace of mind when it comes to transferring property funds.
How do I sign-up?
There are two basic account types when signing up. You can choose to sign up either as a Real Estate Agent or Lawyer/Conveyancer. Once you’ve chosen which is most relevant to you, follow the prompts to complete the sign-up process.
Why do I need Securexchange?
We surveyed a focus group of lawyers and conveyancers and learned of an alarming number of cyberattacks. 29.8% experienced hacking attempts and 23.3% had their emails intercepted. Some Stats: Between 2016-2018, 45% of Australian companies were attacked by online criminals. (Source) There were 24,291 reports of phishing attempts and 57,060 reports of attempts to gain personal information reported to the […]
