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Mini meca 2021

Macquarie Platinum Transaction Account

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID
Interest rate
0.20% p.a.

Mozo editorial review Macquarie Platinum Transaction Account - last updated: 18 August 2021

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What's hot
  • Multiple 2021 Mozo Experts Choice Award winner
  • Complimentary features include theft protection and concierge (conditions apply)
  • $0 account keeping and international transaction fees
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 a concierge service when you deposit over $4,000 a month. 

Yep, it's easy to see why the Platinum Transaction Account was awarded a 2021 Mozo Experts Choice Award for Exceptional Everyday Account. Not to mention the fact that Macquarie itself was crowned Mozo's Everyday & Savings Bank of the Year for 2021 and received another Mozo Experts Choice Award for its Exceptional Banking App! 

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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:

- 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 discounted eGift cards 

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

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Who is it good for

The Platinum Transaction Account is the ideal match for someone someone depositing larger amounts each month into their transaction account who is also after platinum perks.

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Any catches

You'll need to deposit at least $4,000 each month to access the platinum extras on this account. So if you can't stick to that condition, then you'll lose out on a lot of the additional account perks.

Details

Rates and fees information correct as at 4 December 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

Balances from $0: 0.20% p.a.

n/a

n/a

Fees

$0.00

n/a

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

n/a

$0.00

0%

$0.00 monthly

Other financial bits

$0.00

$0.00

Features

$2,000.00

no

yes

no

yes

no

yes

no

Minimum deposit for Platinum is $4,000 per month.

ATM fees rebated for non-network ATMs in Australia. Includes benefits of 90 day theft and damage protection, Platinum Concierge services.

Atm card

none

none

none

Debit card

$0.00

$0.00

0%

Payment options

Apple Pay, Google Pay, PayID

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