Macquarie Mobile Banking app review

About Macquarie
As one of the larger banks in Australia, Macquarie offers a range of banking products including home loans, bank accounts and savings accounts, as well as other financial services to customers throughout the country.
Macquarie’s even been recognised for the quality and value its banking products provide, having taken out the major title of Everyday and Savings Bank of The Year in the 2021 Mozo Experts Choice Awards.
What does the Macquarie app do?
The Macquarie Mobile Banking app is the go-to platform for customers wanting to manage their finances on the go from their smartphones. That means Macquarie customers can do everything from checking their account balances and monitoring their transactions to transferring money and even opening a new account all through the app.
But those are just the basics. The Macquarie app is also jam-packed with some of the leading features and tools around to help users manage, budget, spend and save, which is why it was named a 2020 and 2021 Mozo Experts Choice Award winner for Excellent Banking App.
Features we love
Given its multiple awards, it’s not surprising that the Macquarie Mobile Banking app is both smooth to use and easy to navigate around, but it also comes with a fair few other elements which users will appreciate.
The first of these are the security options. Customers can log into the app with a PIN or via biometrics (fingerprint or Face ID), but there’s also an extra layer of security with two-factor authentication and the separate Macquarie Authenticator app. Users can even customise their settings by choosing which devices and account information requires two-factor security.
What about keeping tabs on your spending? If you’re using Macquarie as your day-today bank then you’ll be pleased to know that the app gives users some next level transaction insights, including auto-categorisation of purchases (e.g. groceries, leisure or travel) and the ability to search transactions via the amount spent, the merchant involved or over a specific time period.
The app also has a few handy travel features. Once you head overseas the Travel Mode function will allow you to view the local exchange rate in your location and you’ll be able to see how much each purchase made was in the local currency and AUD. You can also lock your card in the app if it goes missing and unlock it if you find it.
Aside from these highlights, some of the other notable app features include:
- The ability for users to set up customisable spending notifications for purchases made both in Australia and overseas
- A ‘dark mode’ option for iOS users wanting to limit their battery use or limit eye strain
- An in-app marketplace where customers can redeem Macquarie Reward points or purchase discounted eGift cards
- A customisable dashboard which allows users to choose what they want displayed on their home screen
- Macquarie also supports mobile payment options like Apple Pay and Google Pay, as well as PayID
What we’re not so hot on
While the Macquarie Mobile Banking app has a lot to write home about users won’t be able to make use of Samsung Pay for smartphone payments just yet.
Other banking app reviews by Mozo
Ready to compare the Macquarie app to some of the other leading banking apps on the market? Why not put it to the test against fellow 2021 Mozo Experts Choice Award winners like the Up app or the Commonwealth Bank app.
Otherwise check out the Mozo fintech hub for even more app reviews, as well as the latest news and guides on everything from cryptocurrency to buy now, pay later (BNPL) services.
Compare bank accounts - last updated 6 December 2023
-
AMP Cash Manager
$0.00
Apple Pay, Google Wallet, Samsung Pay
0.60% p.a.
Earn up to 4.80% p.a variable rate with AMP Cash Manager on balances from $10,001 to $250,000. Manage and access your funds while earning interest. No transaction fees to pay. Visa debit card, eftpos, and BPAY facilities. Digital wallet payments with Apple Pay, Samsung Pay or Google Pay.
CompareCompareAMP Cash Manager
Earn up to 4.80% p.a variable rate with AMP Cash Manager on balances from $10,001 to $250,000. Manage and access your funds while earning interest. No transaction fees to pay. Visa debit card, eftpos, and BPAY facilities. Digital wallet payments with Apple Pay, Samsung Pay or Google Pay.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Wallet, Samsung Pay
- interest rate
- 0.60% p.a.
- ATM networks
- None
- What kind of card?
- Visa Debit or
EFTPOS
- Interest rate
- Balances from $0: 0.60% p.a.
Balances from $10,000.01: 4.80% p.a.
Balances from $250,000.01: 4.35% p.a.
Balances from $5,000,000.01: 0.00% p.a.
- Fee free transactions
- Unlimited free transactions from internet, phone, EFTPOS, AusPost deposit.
Read our Mozo Review to learn more about the AMP Cash Manager
-
Glide Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
CompareCompareGlide Account
Unlimited free internet transactions. Super fast transfers & use Apple Pay, Google Pay and Samsung Pay. No account keeping fees. Access Any Major Bank & MyState Bank ATM Fee-Free.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
- interest rate
- 0% p.a.
- ATM networks
- MyState
- What kind of card?
- Visa Debit
- Interest rate
- Balances from $0: 0.00% p.a.
- Fee free transactions
- Unlimited free internet transactions.
Read our Mozo Review to learn more about the Glide Account
-
Wisdom Saver Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit, Garmin
0.05% p.a.
IMB’s Wisdom Saver Account is a high interest transaction account available to members 55 years or over, or members who receive an eligible permanent pension. Enjoy unlimited fee free IMB transactions (T&Cs apply). Great interest rates and at-call access to your money. No monthly account keeping fees. Access to real time payments through Osko. Free Internet, Mobile, and Phone Banking.
CompareCompareWisdom Saver Account
IMB’s Wisdom Saver Account is a high interest transaction account available to members 55 years or over, or members who receive an eligible permanent pension. Enjoy unlimited fee free IMB transactions (T&Cs apply). Great interest rates and at-call access to your money. No monthly account keeping fees. Access to real time payments through Osko. Free Internet, Mobile, and Phone Banking.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit, Garmin
- interest rate
- 0.05% p.a.
- ATM networks
- IMB
- What kind of card?
- Visa Debit or
EFTPOS
- Interest rate
- Balances from $0: 0.05% p.a.
Balances from $10,000: 1.65% p.a.
Balances from $50,000: 2.05% p.a.
Balances from $250,000: 2.55% p.a.
- Fee free transactions
- Unlimited transactions from counter deposits and withdrawals, phone, internet, purchases and network ATMs. $2 monthly transaction allowance for customers outside postcodes 2500 to 2580
Read our Mozo Review to learn more about the Wisdom Saver Account
-
Mozo experts choice awards won:
- Travel Debit Card - 2023
Everyday Options
$0.00
Apple Pay, Google Wallet, PayID
0.01% p.a.
An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
CompareCompareEveryday Options
An easy, everyday banking account packed with flexible options to help you spend, budget & save better. $0 monthly account keeping fees & option to add up to 9 sub-accounts.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Wallet, PayID
- interest rate
- 0.01% p.a.
- ATM networks
- Suncorp
- What kind of card?
- Visa Debit
- Interest rate
- Balances from $0: 0.00% p.a.
Balances from $1: 0.01% p.a.
- Fee free transactions
- Unlimited free transactions from own-bank ATM, atmx ATM, Big 4 banks ATM, EFTPOS, counter withdrawals, counter deposits, phone and internet
Read our Mozo Review to learn more about the Everyday Options
-
Spend Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
0% p.a.
No monthly fees and no charges for overseas or online payments from ubank. Stay one step ahead with ubank’s spending insights and bill prediction. Apple Pay and Google Pay compatible. Deposits guaranteed up to $250K per customer.
CompareCompareSpend Account
No monthly fees and no charges for overseas or online payments from ubank. Stay one step ahead with ubank’s spending insights and bill prediction. Apple Pay and Google Pay compatible. Deposits guaranteed up to $250K per customer.
- account fee
- $0.00
- Payment Options
- Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
- interest rate
- 0% p.a.
- ATM networks
- none
- What kind of card?
- Visa Debit
- Interest rate
- Balances from $0: 0.00% p.a.
- Fee free transactions
- Unlimited eftpos, debit, ATM, and banking app transactions using internet banking or the ubank iOS or Android app.
Read our Mozo Review to learn more about the Spend Account
^See information about the Mozo Experts Choice Bank Account Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.