based on 393 Macquarie product reviews as rated by Mozo community

Macquarie bank accounts

Macquarie offers a choice of bank accounts to suit different needs, both of which you can compare below. Not only have its bank accounts, banking app and internet banking platform been perennial winners in the Mozo Experts Choice Awards, Macquarie was also named one of the best Exceptional Everyday Account.

Macquarie offers the following bank accounts

Rates and fees verified as correct at 2 March 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Account fee Payment options Interest rate
Cash Management Account

$0.00

3.00% p.a.

Transaction Account

$0.00

Apple Pay, Google Wallet, PayID

4.75% p.a.

How are Macquarie bank accounts rated?

Mozo users have rated Macquarie bank accounts on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of bank-accounts
Macquarie bank accounts
Overall
Price
Features
Customer service
Convenience
Trust

83 Reviews

Recent Macquarie bank account reviews

Macquarie Bank Account
Overall 1/10
Needs the app fixed.

Pro: good customer service Con: Applied online, after saying "card is on its way" and I was able to have access to go on the app, it works at first then suddenly it blocks me after saying "too many attempts have been made". How is it too many attempts when I only logged in TWICE?? As a new customer, ALL banks should give new customers a second chance or even third to fix things or log in. I put my details correctly, pin, password everything was correct. And for some reason it says I can't log back in. Like.... seriously???

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Pro: good customer service Con: Applied online, after saying "card is on its way" and I was able to have access to go on the app, it works at first then suddenly it blocks me after saying "too many attempts have been made". How is it too many attempts when I only logged in TWICE?? As a new customer, ALL banks should give new customers a second chance or even third to fix things or log in. I put my details correctly, pin, password everything was correct. And for some reason it says I can't log back in. Like.... seriously???

Customer service
7/10
Convenience
1/10
Trust
5/10
Less
Frederick, New South Wales, reviewed 3 days ago
Macquarie Transaction Account
Overall 8/10
Trustworthy

Fairly New to online banking . Macquarie was recommended as I was scammed twice from a previous well known bank. So far ease of transaction and money transfers have been excellent.

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Fairly New to online banking . Macquarie was recommended as I was scammed twice from a previous well known bank. So far ease of transaction and money transfers have been excellent.

Price
9/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
6/10
Less
Kathryn, Victoria, reviewed about 1 month ago
Macquarie Bank Account
Overall 10/10
Top-notch

Macquarie Bank stands out for its excellence, offering innovative financial solutions, competitive rates, and top-notch customer service. It's a reliable choice for those seeking quality banking services and a positive overall experience.

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Macquarie Bank stands out for its excellence, offering innovative financial solutions, competitive rates, and top-notch customer service. It's a reliable choice for those seeking quality banking services and a positive overall experience.

Price
10/10
Features
10/10
Customer service
8/10
Convenience
8/10
Trust
9/10
Less
Rebecca, Victoria, reviewed about 1 month ago
Macquarie Transaction Account
Overall 5/10
Reliable banks need to have real money!

I used to love Macquarie, their interest rates were adequate, their staff were adaptable and friendly if you suddenly arrived unannounced and unexpected: their interest rates were not the highest; but they have recently dramatically improved and things were looking even more rosy UNTIL, they then decided, like so many other banks, that money is just an ethereal concept that can be handled by paper-shuffling: rather than something that the not so well endowed citizen, can hold in his hand, or hide under her mattress. This of course means that the banks don't have to employ so many people to handle the real money, or build large safe enclosures to store it. With the internet it also means sinister forces can easily make off with large amounts (as has happened to me on two occasions), if one of the major channels breaks down a lot of people have no buying power, and if the power supplies break down, or are washed out, or earthquakes shatter it, large crowds have nothing to use to purchase necessities. I am unwilling to use a bank that does not wish to use money that much maligned system, that has been such a basic proponent of our civilisation.

Read full review

I used to love Macquarie, their interest rates were adequate, their staff were adaptable and friendly if you suddenly arrived unannounced and unexpected: their interest rates were not the highest; but they have recently dramatically improved and things were looking even more rosy UNTIL, they then decided, like so many other banks, that money is just an ethereal concept that can be handled by paper-shuffling: rather than something that the not so well endowed citizen, can hold in his hand, or hide under her mattress. This of course means that the banks don't have to employ so many people to handle the real money, or build large safe enclosures to store it. With the internet it also means sinister forces can easily make off with large amounts (as has happened to me on two occasions), if one of the major channels breaks down a lot of people have no buying power, and if the power supplies break down, or are washed out, or earthquakes shatter it, large crowds have nothing to use to purchase necessities. I am unwilling to use a bank that does not wish to use money that much maligned system, that has been such a basic proponent of our civilisation.

Price
9/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
James, Victoria, reviewed 2 months ago
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