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An everyday digital bank account that works worldwide, with market-leading security and no Macquarie fees.
Enjoy a great rate of 2.25% p.a. on your transaction account. Plus $0 Macquarie fees, even on ATM withdrawals.
An award-winning mobile app* and smart budgeting tools to help you stay in control of your spending and maximise your savings.
Add your debit card to your mobile wallet and pay on-the-go from the moment you open your account.
Then, simply transfer money into your account and add your debit card to your mobile wallet to pay on the go, instantly.
Macquarie Authenticator is our multi-factor authentication app designed to keep your savings secure.
Receive detailed alerts directly to your device when there is account activity needing your attention.
Wherever you are in the world, Macquarie Authenticator travels with you. It works even without a mobile or internet connection – keeping you safe 24/7.
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Stepped interest is payable on deposits in Macquarie Transaction Accounts based on your balance as follows:
Variable rate | Balance |
|---|---|
2.25% p.a. | Up to $250,000 |
2.25% p.a. | $250,000.01 - $1,000,000 |
2.25% p.a. | $1,000,000.01 and above |
See previous interest rates
The above interest rates are current as at 23 May 2025, are variable and subject to change. For more information on how interest is calculated, visit our help centre article.
| 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 |
| 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. | $30,000 daily |
| Mastercard contactless limit with no PIN | $100 per transaction |
Daily Pay Anyone Payment limit ** The $100,000 limit applies if you use the Macquarie Authenticator App. Otherwise, a default limit of $2,000 applies. Your applicable daily limit applies to all of the daily Pay Anyone (including PayID and PayTo) payments you make across all your eligible accounts linked to your Macquarie ID. If you hold a joint account, visit our help centre article for information about how this limit applies to you. | $100,000 daily** |
PayID 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. Otherwise, a default limit of $2,000 applies. | $10,000 daily# |
PayTo limit ## This limit operates as a sub-limit of the daily Pay Anyone payment limit. The PayTo limit is the maximum value of a single agreement. The $25,000 limit applies if you use the Macquarie Authenticator app. Otherwise, a default limit of $2,000 applies. This limit will be progressively introduced from 17 December 2024. | $25,000 per PayTo agreement## |
Daily BPAY limit Some billers may impose their own limits. | Up to the available balance of your account |
| Terms and conditions | Link |
|---|---|
| Bank Accounts terms and conditions | View conditions |
| Macquarie banking terms and conditions | View conditions |
| Documents | Link |
|---|---|
| Macquarie platinum benefits | Download PDF |
Variable welcome rate for 4 months on balances up to $250k~
Then rollover onto our competitive 4.50% p.a. variable ongoing rate on balances up to $1m, with no hoops or catches.
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Hear from our customers on how they're building momentum on their savings.
To open a Macquarie Transaction Account you’ll need to download the Macquarie Mobile Banking app or complete our online application. We’ve designed this process to be as quick and easy as possible, so that you can start using your account straight away. Before we can open your account, we’ll need to verify your identity and may ask you for some additional information. We recommend reading our terms and conditions before applying.
To apply for a Macquarie Transaction Account:
Or
Download the Macquarie Mobile Banking app from the app store.
If you need to pause your application partway through, we’ll send you an email so you can resume it when you’re ready.
Once you open a Macquarie Transaction Account, you can link a savings account in online banking by selecting Accounts and clicking Open an account in the menu.
We don’t have any deposit requirements on Transaction 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 ATM withdrawals without Macquarie fees.
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.
You can add a tax file number (TFN) or tax file number exemption on Macquarie Online Banking for the following eligible accounts:
To add a TFN or TFN exemption:
Please note, if you are a joint account holder, you can only update your own individual tax details.
If both account holders wish to update their tax details, each of you must login with your own Macquarie ID and provide your own TFN or exemption.
It usually takes 2-3 business days for the accounts you select to be updated with your tax details. You will receive a notification in your bell icon when your account details have been updated.
Why can’t I add my tax details to my other accounts?
Our systems currently only support adding tax details online for Macquarie Transaction Accounts, Macquarie Savings Accounts and Macquarie Cash Management Accounts with a BSB of 182-182.
We’re working hard to include more products soon. If you want to add your tax details for your other accounts, you can call us on 02 8550 5666.
Pay Anyone payments
A daily payment limit applies to Pay Anyone payments made via Macquarie Online Banking or the Macquarie Mobile Banking app from your Macquarie accounts to another Australian bank account.
To transfer more than $2,000 per day, you’ll need to download and set up the Macquarie Authenticator app.
These payment limits apply when you transfer funds electronically from a Macquarie account via Macquarie Online Banking or the Macquarie Mobile Banking app to another Australian bank account for all Pay Anyone and New Payments Platform (NPP) payments.
Example
If you don’t have Macquarie Authenticator and make a transfer of $1,000, your remaining transfer limit is $1,000 across all your accounts linked to your Macquarie ID for that same day. View our
If you hold a joint account, view our help centre article for information about how the daily Pay Anyone payment limit applies to you.
There is no daily limit for transfers between your Macquarie accounts, to your nominated account/s (if you’ve set one up), or to the Australian Tax Office.
For payments over $100,000, you can use the following option:
Complete a withdrawal form
If you intend to make a one-off payment over $100,000, complete one of the following forms:
For a list of approved electronic signature providers acceptable for the above forms, please see Ways we accept signatures.
BPAY
Typically there is no limit on BPAY® payments. Please be aware that some billers impose their own limits on the amount that they will accept in a single transaction or day.
Third party authority
If you’ve authorised a third party to transact on your account/s, these daily payment limits will also apply to them. If they use Macquarie Authenticator, they’ll have their own daily transfer limit of $100,000 on your account/s that’s in addition to your transfer limit.
If you need further assistance for daily payment amounts call us on +61 2 8550 5666 24/7.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
Download the Macquarie Mobile Banking app to start managing your banking on the go.
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.
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.
Our Welcome rate offer is only available on your first savings account, on balances up to $250,000.00 for four months. The welcome rate is variable and may change during the four-month period. After the expiry of your Welcome rate and on additional savings accounts, our stepped variable rates apply based on your balance.
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.
Macquarie transaction and savings accounts are issued by MBL.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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.
Government Guarantee: The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Macquarie Bank, of up to $A250,000. Further information about the Government Guarantee can be obtained from the APRA website at www.fcs.gov.au
Our digital banking platforms are part of why we were awarded Money Magazine's Bank of the Year 2023/2024/2025.
