Input search
An award-winning everyday transaction account with no fees and refunds on all ATM fees in Australia.
Watch video
"I love that there’s no ATM fees"
Our transaction account has been awarded for outstanding value thanks to features like no international purchase fees and refunds on fees incurred at all ATMs in Australia.
Add your Platinum Debit Mastercard to your mobile or wearable with Apple Pay and Google Pay instantly when you open an account.
The Macquarie Platinum transaction account is our low fee account.
Rate |
Balance |
|---|---|
0.20% pa |
Up to $250,000 |
0.20% pa |
$250,000.01 - $1,000,000 |
0.20% pa |
$1,000,000.01 and above |
See previous interest rates
All interest rates are current as at 13 May 2022, variable and subject to change. For more information on how interest is calculated click here.
| Fee type | Fee amount |
|---|---|
Online payments Make internal transfers, pay anyone and BPAY® payments through online banking and mobile banking on an immediate or scheduled basis. |
Free |
Domestic ATM transactions If you’re charged a fee at an ATM in Australia, we’ll refund it to your account. |
Free |
International ATM transactions Check your account balance and withdraw cash where your Debit Mastercard is accepted. |
We don’t charge fees to use ATMs overseas. You may be charged a fee by international ATM operators. |
International purchases Card purchases or transactions made or processed outside Australia. |
Free |
| Dishonour fees | Free |
Bank cheque Request a bank cheque issued by Macquarie with funds drawn immediately from your Transaction Account. Bank cheques can be requested by phone or at a Macquarie Branch. |
Free |
| Transaction type | Limit |
|---|---|
| Daily limit for domestic ATM or other cash withdrawals | $2,000 daily |
Daily Debit Mastercard transaction limit Purchases made online, by telephone or when selecting ‘Mastercard Debit’, ‘credit’ or ‘CR’ in stores. |
Up to the available balance of your account |
| Mastercard contactless limit with no PIN | $200 per transaction |
Daily Pay Anyone Payment limit **The $100,000 limit applies if you use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $5,000 applies. Your applicable daily limit applies to all of the daily Pay Anyone payments you make across all your eligible accounts linked to your Macquarie ID. If you hold a joint account, click here for information about how this limit applies to you. |
$100,000 daily** |
NPP Payment sub-limit ^ This limit operates as a sub-limit of the daily Pay Anyone limit. The $10,000 limit applies if you use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $5,000 applies. |
$10,000 daily^ |
Daily BPAY limit Some billers may impose their own limits. |
Up to the available balance of your account |
| Terms and conditions | Link |
|---|---|
| Macquarie transaction and savings accounts terms and conditions | View conditions |
| Macquarie electronic banking terms and conditions | View conditions |
| Macquarie variation notice | View conditions |
| Documents | Link |
|---|---|
| Macquarie platinum benefits | Download PDF |
Open your account in just a few minutes.
We don’t have any deposit conditions on Transaction Accounts, Offset Accounts or Savings Accounts, to get access to our great benefits and earn interest.
For example, you don’t need to make a minimum monthly deposit to use the platinum benefits or make free ATM withdrawals.
We don’t charge fees on Transaction Accounts, Offset Accounts or Savings Accounts.
We provide a refund on fees incurred at all ATMs in Australia.
We don’t charge fees to withdraw cash overseas or make international purchases. Other financial institutions, such as the banks of international merchants and international ATM operators, may charge you fees for these transactions.
"I love the [push] notifications that tell you how much you've spent and when people deposit money."
Inspiring better banking
This information has been prepared by Macquarie Bank Limited AFSL and Australian Credit Licence 237502 (MBL) and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you. Lending criteria, fees and T&Cs apply.
Government Guarantee: The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Macquarie Bank, of up to $A250,000. In September 2011 the Australian Government announced a number of changes to the Financial Claims Scheme (Government Guarantee). From 1 February 2012, a guarantee cap of $250,000 per account holder per institution will apply, subject to the continued advice of financial regulators that this remains appropriate. Further information about the Government Guarantee can be obtained from the APRA website at www.fcs.gov.au
Macquarie transaction and savings accounts are issued by MBL.
Apple, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Android, Google Pay, Google Chrome and the Google Logo are trademarks of Google LLC.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
We don’t charge any fees in connection with our transaction and savings account products but others, such as other financial institutions, may.
We don’t charge fees for card purchases or transactions made or processed outside Australia but others, such as the banks of international merchants, might.
We will refund fees charged to you by domestic ATM operators in connection with domestic ATM transactions, but you’ll need to pay any other fee that you’re charged by any international ATM operator.
Concierge Services are provided by Aspire Lifestyles (Australia) Pty Ltd. Accessing concierge services is free but you must pay for the goods or services that you purchase through the service.
Wallet Guard and Purchase Security Cover are underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL 239687) (Chubb) and are subject to the terms, conditions, excesses and exclusions contained in the Card Insurance Master Policy between Macquarie Bank and Chubb. This information does not take into account your objectives, financial situation or needs. It is important for you to read the Macquarie platinum benefits and consider the appropriateness of the insurances in relation to your individual requirements.
