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Mini meca 2021

Macquarie 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 Transaction Account - last updated: 11 February 2021

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What's hot
  • 2021 Mozo Experts Choice Award winner
  • $0 ongoing account fees
  • No international transaction fees
What's not
  • No interest on balances under $5,000
Mozo snapshot

If fee-free banking is the aim of your game, then the multi-award-winning Macquarie Transaction Account could be the match for you. Not only was it crowned one of Australia's Exceptional Everyday Accounts in the 2021 Mozo Experts Choice Awards, but Macquarie itself received Mozo's award for best Everyday & Savings Bank of the Year 2021!

On top of this, this account comes with no account-keeping or international transaction fees, and unlike many bank accounts, you’ll also be able to earn 0.20% p.a. interest on all balances. And if you love the ease of online banking then you'll be thrilled to know that Macquarie also won the 2021 Mozo Experts Choice Award for best Internet Banking.

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Key features

The Macquarie Transaction Account keeps hits the ground running with no ongoing account fees and unlimited free transactions via a number of mediums including BPAY, direct debit, EFTPOS, phone or online.

With the Macquarie Transaction Account, you’ll also be able to make the most of one of Australia’s largest ATM networks thanks to free withdrawals from over 3,000 rediATMs. Not to mention, Macquarie will even refund you if you're charged a network fee for using other ATM networks.

On top of all this, having a Macquarie Transaction Account means you can leave your wallet and linked Mastercard debit card at home, thanks to the different cardless payment options on offer, such as Apple Pay, Google Pay and PayID.

Need access to your cash overseas? With the Mastercard debit card that’s linked to your Macquarie Transaction Account, you’ll be able to shop abroad or online at international stores without incurring any international transaction fees - whether over the counter or at an ATM.

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Who is it good for

The Macquarie Transaction Account could be a handy choice for anyone looking to ditch bank account fees while having plenty of access to their cash through an extensive Australian ATM network, and possibly for travellers or online shoppers looking to avoid international transaction fees altogether.

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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.

Details

Rates and fees information correct as at 24 July 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

Available to customers 14 years old and over.

ATM fees rebated for non-network ATMs in Australia.

Atm card

none

none

none

Debit card

$0.00

$0.00

0%

Payment options

Apple Pay, Google Pay, PayID

Customer Reviews

How are Macquarie bank accounts rated by the Mozo community?

Overall
7.5/10
Price
7.7/10
Features
6.8/10
Customer service
7.9/10
Convenience
7.0/10
Trust
8.1/10

Latest reviews of Macquarie Transaction Account Bank Account

About Macquarie