Macquarie Transaction Account

$0.00

Apple Pay, Google Pay, PayID, Garmin Pay, FitBit Pay

0% p.a.

Macquarie Transaction Account

$0.00

Apple Pay, Google Pay, PayID, Garmin Pay, FitBit Pay

0% p.a.

Mozo Review   Macquarie Transaction Account Review

Last updated: 20 February 2020.

What's hot:
  • Multiple Mozo Experts Choice Awards - 2019 and 2020

  • $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 2020 Mozo Experts Choice Awards, but it also took out a best Travel Debit Card Award in 2019 too.

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 0.35% p.a. interest on account balances over $5,000. And if you love the ease of online banking then you'll be thrilled to know that Macquarie also won the 2019 Mozo Experts Choice Award for best Internet Banking.

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, PayID, Garmin Pay and FitBit 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 possibly for travellers or online shoppers looking to avoid international transaction fees altogether.

Any catches?

While you will earn 0.35% p.a. 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.

Details

Rates and fees information correct as at 26 February 2020. 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: 0.00% p.a.
    Balances from $5,000: 0.35% 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, Garmin Pay, FitBit Pay

Customer Reviews

How are Macquarie bank accounts rated by the Mozo community?

Overall customer rating
7.8/10
Price
7.8/10
Features
6.9/10
Customer service
8.1/10
Convenience
7.1/10
Trust
8.3/10

Latest reviews of Macquarie Transaction Account

  • Overall 8/10
    Excellent call centre support.

    The best customer call centre I have ever dealt with, for any product. Every time they have been helpful, able to solve any issues, offer solutions, and it's so quick and easy to get through to them. None of those stupid 'press 1 for..., press 2 for..., press 157 for...'

    Read full review

    The best customer call centre I have ever dealt with, for any product. Every time they have been helpful, able to solve any issues, offer solutions, and it's so quick and easy to get through to them. None of those stupid 'press 1 for..., press 2 for..., press 157 for...'

    Price
    9/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Natalie, Western Australia reviewed 16 days ago
  • Overall 10/10
    Wonderful.

    They are great, they refund all my eftpos charges, customer service is great as well.

    Read full review

    They are great, they refund all my eftpos charges, customer service is great as well.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Christine, New South Wales reviewed 3 months ago
  • Overall 10/10
    Easy to use.

    Easy to use and access funds.

    Read full review

    Easy to use and access funds.

    Price
    9/10
    Features
    10/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Elizabeth, Western Australia reviewed 3 months ago
  • Overall 6/10
    I like it.

    There aren't any branches or specific Macquarie ATMs but you are able to use any and not get fees so that makes up for it.

    Read full review

    There aren't any branches or specific Macquarie ATMs but you are able to use any and not get fees so that makes up for it.

    Price
    8/10
    Features
    4/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Lyndall, New South Wales reviewed 4 months ago
  • Overall 9/10
    Efficient, competitive and customer oriented

    These guys do what they say they will do when they say they will do it

    Read full review

    These guys do what they say they will do when they say they will do it

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    -1/10
    Less
    David, New South Wales reviewed 5 months ago
Macquarie

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.

See Macquarie bank accounts

Promoted

ING

ING

Orange Everyday

$0.00

Apple Pay, Google Pay, PayID

0% p.a.

Promoted

HSBC

HSBC

Everyday Global Account

$0.00

Apple Pay, Google Pay, PayID

0% p.a.

Promoted

Bankwest

Bankwest

Hero Transaction Account

$6.00$0 monthly account fee if you deposit min. $2,000 per month

Apple Pay, Google Pay, PayID, Payment Ring

0.75% p.a.

Promoted

Suncorp

Suncorp

Everyday Options

$0.00Special offer of $0 monthly account keeping fees when you open a new account

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

Promoted

MyState Bank

MyState Bank

Everyday Account

$6.00$0 monthly account fee if you deposit min. $2,000 per month or are under 23 years.

Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin

0% p.a.

Promoted

NAB

NAB

Classic Banking Account (with Standard Visa Debit Card)

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

Promoted

Xinja

Xinja

Bank Account

$0.00

Apple Pay, Google Pay

0% p.a.

Promoted

UBank

UBank

USaver Ultra Transaction Account

$0.00

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

0% p.a.