Macquarie Transaction Account

$0.00

rediATM (other ATM network fees refunded)

Debit Mastercard

Macquarie Transaction Account Review

Rates and fees information correct as at 23 April 2018.

Review published: 27 February 2018

What's hot:

  • $0 ongoing account fees

  • 2018 Mozo Experts Choice Award

  • No international transaction fees

What's not:

  • $1,000 daily ATM withdrawal limit

Mozo snapshot:

If fee-free banking is the aim of your game, then the 2018 Mozo Experts Choice award-winning Macquarie Transaction Account could be the match for you. Featuring no account keeping or international transaction fees, unlike most bank accounts, you’ll also be able to earn 1.10% interest with the account on balances over $5,000.

Key features:

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.

Any catches?

There’s a $1,000 daily ATM limit with the account, so you may need to bare this in mind if you’re needing to make a big purchase.

How are Macquarie bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
6.8

Based on 20
Macquarie bank accounts reviews

6.8 6.5 7.3 6.2 7.7

Read Macquarie bank account reviews by the Mozo community

Latest review of Macquarie Transaction Account

Macquarie

Macquarie Transaction Account bank account review

Overall rating   10 / 10

Great daily interest

I've always received excellent service from staff and a great interest rate on my daily balance via their cash management account.

Full review

I've always received excellent service from staff and a great interest rate on my daily balance via their cash management account.

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Trevor (NSW), reviewed 10 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

  • $1,000.00

  • no

  • yes

  • no

  • yes

  • no

  • yes

  • no

  • none

  • ATM fees rebated for non-network ATMs in Australia.

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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