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.
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.
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.
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.
Balances from $0: 4.75% p.a. |
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n/a |
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n/a |
$0.00 |
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n/a |
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Unlimited free transactions from any Australian ATMs, phone, internet, BPAY and direct debits |
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$0.00 |
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ATM network fees refunded |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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n/a |
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$0.00 |
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0% |
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$0.00 monthly |
$0.00 |
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$0.00 |
$2,000.00 |
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no |
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yes |
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no |
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yes |
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no |
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yes |
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no |
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Available to customers 12 years old and over. |
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ATM fees rebated for non-network ATMs in Australia. |
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none |
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none |
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none |
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$0.00 |
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$0.00 |
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0% |
Apple Pay, Google Wallet, PayID
The app is easy to use and navigate and savings accounts have great interest.
Read full reviewThe app is easy to use and navigate and savings accounts have great interest.
ONE THING I LIKE ABOUT MACQUARIE IS THAT THEY GIVE GOOD INTEREST RATES ON ACCOUNTS AND WITHOUT CONDITIONS - WHICH, WHEN COMPARED TO OTHERS, WORKS TO MY ADVANTAGE - EG ING OFFER BETTER INTEREST BUT YOU MUST HAVE AN INCREASING BALANCE AND A MINIMUM NUMBER OF TRANSACTIONS WITHIN ANY GIVEN TIME PERIOD - THIS DOES NOT SUIT ME
Read full reviewONE THING I LIKE ABOUT MACQUARIE IS THAT THEY GIVE GOOD INTEREST RATES ON ACCOUNTS AND WITHOUT CONDITIONS - WHICH, WHEN COMPARED TO OTHERS, WORKS TO MY ADVANTAGE - EG ING OFFER BETTER INTEREST BUT YOU MUST HAVE AN INCREASING BALANCE AND A MINIMUM NUMBER OF TRANSACTIONS WITHIN ANY GIVEN TIME PERIOD - THIS DOES NOT SUIT ME
Fairly New to online banking . Macquarie was recommended as I was scammed twice from a previous well known bank. So far ease of transaction and money transfers have been excellent.
Read full reviewFairly New to online banking . Macquarie was recommended as I was scammed twice from a previous well known bank. So far ease of transaction and money transfers have been excellent.
I used to love Macquarie, their interest rates were adequate, their staff were adaptable and friendly if you suddenly arrived unannounced and unexpected: their interest rates were not the highest; but they have recently dramatically improved and things were looking even more rosy UNTIL, they then decided, like so many other banks, that money is just an ethereal concept that can be handled by paper-shuffling: rather than something that the not so well endowed citizen, can hold in his hand, or hide under her mattress. This of course means that the banks don't have to employ so many people to handle the real money, or build large safe enclosures to store it. With the internet it also means sinister forces can easily make off with large amounts (as has happened to me on two occasions), if one of the major channels breaks down a lot of people have no buying power, and if the power supplies break down, or are washed out, or earthquakes shatter it, large crowds have nothing to use to purchase necessities. I am unwilling to use a bank that does not wish to use money that much maligned system, that has been such a basic proponent of our civilisation.
Read full reviewI used to love Macquarie, their interest rates were adequate, their staff were adaptable and friendly if you suddenly arrived unannounced and unexpected: their interest rates were not the highest; but they have recently dramatically improved and things were looking even more rosy UNTIL, they then decided, like so many other banks, that money is just an ethereal concept that can be handled by paper-shuffling: rather than something that the not so well endowed citizen, can hold in his hand, or hide under her mattress. This of course means that the banks don't have to employ so many people to handle the real money, or build large safe enclosures to store it. With the internet it also means sinister forces can easily make off with large amounts (as has happened to me on two occasions), if one of the major channels breaks down a lot of people have no buying power, and if the power supplies break down, or are washed out, or earthquakes shatter it, large crowds have nothing to use to purchase necessities. I am unwilling to use a bank that does not wish to use money that much maligned system, that has been such a basic proponent of our civilisation.
I have never banked with such a great bank before! Their banking app is so classy and easy to use. No fees whatsoever which is not what one can say about the big 4 banks. I work for a bank and don’t even bank with them and prefer to keep using Macquarie! I genuinely recommend banking with them, it’s not only a billionaires’ bank like many people believe, trust me!
Read full reviewI have never banked with such a great bank before! Their banking app is so classy and easy to use. No fees whatsoever which is not what one can say about the big 4 banks. I work for a bank and don’t even bank with them and prefer to keep using Macquarie! I genuinely recommend banking with them, it’s not only a billionaires’ bank like many people believe, trust me!
Spend Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
0% p.a.
Glide Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.