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 crowned a multiple Mozo Experts Choice Award winner - in 2020 for Everyday Exceptional Account and in 2019 for best Travel Debit Card.
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!
The Platinum Transaction Account is the ideal match for someone looking for a fee free bank account, with the added touch of platinum perks.
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.
Balances from $0: 0.20% p.a.
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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
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$0.00
0%
$0.00 monthly
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$0.00
$2,000.00
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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.
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$0.00
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Apple Pay, Google Pay, PayID
I absolutely love the ease of use of their app. I love travelling overseas and it has the best features for travellers. I love how hassle free this bank is.
Read full reviewI absolutely love the ease of use of their app. I love travelling overseas and it has the best features for travellers. I love how hassle free this bank is.
I am generally happy with Macquarie, but find their app a bit frustrating in terms of trying to track my spending - items stay 'pending' for ages and the balance isn't always up to date, so you don't have an accurate gauge unless you go in and add up your transactions manually.
Read full reviewI am generally happy with Macquarie, but find their app a bit frustrating in terms of trying to track my spending - items stay 'pending' for ages and the balance isn't always up to date, so you don't have an accurate gauge unless you go in and add up your transactions manually.
Refunds for any ATM immediately back into your account, added bonus features with the Platinum account if you deposit enough each month, and no account fees. Use the servo ATM, use the pub ATM, and don't worry about the ridiculous fees, it's all coming back to you!
Read full reviewRefunds for any ATM immediately back into your account, added bonus features with the Platinum account if you deposit enough each month, and no account fees. Use the servo ATM, use the pub ATM, and don't worry about the ridiculous fees, it's all coming back to you!
Good phone support, low fees and little physical branches.
Read full reviewGood phone support, low fees and little physical branches.
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.
Read full reviewMacquarie 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.
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.
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
0.01% p.a.