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Mini meca 2024

Macquarie Transaction Account

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Wallet, PayID
Interest rate
4.75% p.a.

Mozo editorial review Macquarie Transaction Account - last updated: 12 April 2024

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What's hot
  • $0 ongoing account fees
  • No international transaction fees
What's not
  • $2,000 cash daily withdrawal limit
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. Macquarie's transaction account could be a great choice for those looking at getting a new account. This account comes with no account-keeping or international transaction fees, and unlike many bank accounts, you’ll also be able to earn 4.75% p.a. interest on balances up to $250,000, 4.75% p.a. on balances from $250,000.01 to $1,000,000 and 3.35% p.a. on balances of $1,000,000.01 and over.

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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, NPP, PAYID, phone or online.

With the Macquarie Transaction Account, you’ll be refunded if you're charged a network fee for using other ATM networks, which is always a plus. Also, please be aware that Macqaurie has just introduced a daily Debit Mastercard transaction limit of $30,000.

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, and 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.



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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

Be aware that there's a $2,000 cash daily withdrawal limit. Macquarie has now also brought in a daily Debit Mastercard transaction limit of $30,000.

Details

Rates and fees information correct as at 21 July 2024. 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: 4.75% p.a.
Balances from $1,000,000.01: 3.35% p.a.

n/a

n/a

Fees

$0.00

n/a

Unlimited free transactions from any Australian ATMs, phone, internet, BPAY and direct debits

$0.00

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 12 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 Wallet, PayID

^See information about the Mozo Expert Choice Awards

Customer Reviews

How are Macquarie bank accounts rated by the Mozo community?

Overall
6.5/10
Price
8.0/10
Features
7.2/10
Customer service
7.6/10
Convenience
6.9/10
Trust
7.9/10
Based on 86 Macquarie bank account reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Macquarie Transaction Account Bank Account

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