Macquarie Transaction Account

$0.00

rediATM (other ATM network fees refunded)

Debit Mastercard

Macquarie Transaction Account

$0.00

rediATM (other ATM network fees refunded)

Debit Mastercard

Mozo Review   Macquarie Transaction Account Review

Last updated: 21 February 2019.

What's hot:
  • $0 ongoing account fees

  • 2019 Mozo Experts Choice Award

  • No international transaction fees

What's not:
  • No interest on balances lower than $5,000

Mozo snapshot:

If fee-free banking is the aim of your game, then the 2019 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.

And if you love doing your banking online then you'll be thrilled to know Macquarie also took out the 2019 Mozo Experts Choice Award for best Internet Banking. 

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?

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.

Details

Rates and fees information correct as at 27 March 2019. 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: 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
  • $2,000.00

  • 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%

Customer Reviews

How are Macquarie bank accounts rated by the Mozo community?

Overall customer rating
7.6/10
Price
7.6/10
Features
6.8/10
Customer service
8.1/10
Convenience
6.9/10
Trust
8.3/10

Latest review of Macquarie Transaction Account

  • Overall
    10/10
    Great daily interest

    I've always received excellent service from staff and a great interest rate on my daily balance...

    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
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    Trevor | New South Wales

    reviewed over 1 year 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.

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