Macquarie Platinum Transaction Account

$0.00

rediATM (other ATM network fees refunded)

Debit Mastercard

Macquarie Platinum Transaction Account Review

Rates and fees information correct as at 22 November 2018.

Review published: 14 June 2016

What's hot:

  • $0 account keeping fees

  • Complimentary features like theft protection and concierge (conditions apply)

  • Multiple 2018 Mozo Experts Choice winner

What's not:

  • No interest on balances lower than $5,000

Mozo snapshot:

Macquarie has come out guns blazing with its Platinum Transaction Account. You'll have free access to rediATMs, get a refund on fees incurred at all other ATMs in Australia and be charged no international transaction fees and no monthly account keeping fees. Plus you'll gain access to a range of platinum features including 90 day theft and damage protection and concierge when you deposit over $4,000 a month. Yep, it's easy to see why the Platinum Transaction Account was crowned a multiple Mozo Experts Choice Award in 2018 - both for Everyday Exceptional Account and Best Value Debit Card.


Key features:

With the Platinum Transaction Account you'll pay no account keeping, EFTPOS, debit, phone, internet or over the counter deposit and withdrawal fees. Add to this free withdrawals from rediATMs, one of the largest ATM networks in Australia and it's truly a great value bank account. There's also no currency conversion fee to worry about.

So far it sounds like a great fee free bank account right? But what makes it deserve the title of "platinum"? Well, now we are onto the good stuff - the perks. When you deposit over $4,000 each month, you'll gain access to complimentary:

- 90 day theft and damage protection on eligible purchases you make using the linked debit card
- Platinum 24/7 concierge services
- Cover against theft of your handbag or wallet up to $500
- Emergency travel assistance services (e.g medical evacuation, essential medicine)
- MasterCard Platinum privileges including PricelessCities, which gives you access to discount tourist experiences in the location of your choice.

Phew, that's a whole lot of complimentary features!

Who it's good for:

The Platinum Transaction Account is the ideal match for someone looking for a fee free bank account, with the added touch of platinum perks.

Any catches?

Do you tend to let your bank account balance go into negative? Well, keep in mind Macquarie charges a high overdrawn rate of 16.40% pa.

How are Macquarie bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.6

Based on 40
Macquarie bank accounts reviews

7.6 6.8 8.1 6.9 8.3

Read Macquarie bank account reviews by the Mozo community

Latest review of Macquarie Platinum Transaction Account

Macquarie

Macquarie Platinum Transaction Account bank account review

Overall rating   9 / 10

Good bank

Macquarie is professionally run, committed to wealth creation. It's easy to transfer thousands at the touch of one button. Most other banks need tokens and other kiddy like acts to facilitate action.

Full review

Macquarie is professionally run, committed to wealth creation. It's easy to transfer thousands at the touch of one button. Most other banks need tokens and other kiddy like acts to facilitate action.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Trust   10 / 10

Less

John, Queensland, reviewed 8 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.00% p.a.
    Balances from $5,000: 1.10% p.a.

  • none

  • n/a

Fees

  • $0.00

  • none

  • Unlimited free transactions from any Australian ATMs, EFTPOS, phone, internet, BPAY and direct debits

  • $0.00

  • rediATM (other ATM network fees refunded)

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • 0%

  • $0.00 monthly

Other financial bits

  • $0.00

  • $0.00

Features

  • $2,000.00

  • no

  • yes

  • no

  • yes

  • no

  • yes

  • no

  • none

  • ATM fees rebated for non-network ATMs in Australia. When $4,000 deposited in a month get 90 day theft and damage protection, Platinum Concierge services.

Atm card

  • none

  • none

  • none

Debit card

  • $0.00

  • $0.00

  • 0%

About Macquarie

Macquarie a global financial provider offers a variety of services to its clients. Macquarie provides a variety of products including banking, financial, advisory, investment and funds management services. Since its founding in 1969 Macquarie has become one of Australia's largest companies today.

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