The Macquarie Transaction Account keeps everyday banking simple with no ongoing account fees, plus unlimited free transactions via a number of mediums including BPAY, direct debit, EFTPOS, phone or online.
Speaking of free perks, you’ll also be able to make the most of one of Australia’s largest ATM networks with free withdrawals from over 3,000 rediATMs and, better still, Macquarie will even refund you the network fee if you use other ATM networks which charge a fee.
Macquarie will even give you the choice of leaving your wallet and linked Mastercard debit card at home, thanks to the option of using your phone to tap and pay with either Apple Pay or Google Pay.
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.
Who it's 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 for travellers or online shoppers looking to avoid international transaction fees altogether.
While you will earn 1.10% interest if you have $5,000 in your account, be aware that like many bank accounts, you won't earn any interest on your money until you reach this point.