Information and interest rates are current as at 26 February 2021 and subject to change.
0.20% pa
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Transaction account
An award-winning everyday transaction account with no fees and refunds on all ATM fees in Australia.
Everyday banking with extra perks
Deposit your salary, withdraw cash, pay bills and get access to complimentary benefits.
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"I love that there’s no ATM fees"
Awarded for outstanding value
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.
No fees, no deposit conditions
- No minimum monthly deposit.
- No international purchase fees*.
- No transaction fees.
- No dishonour fees.
Fee free ATMs
- We won’t charge you ATM fees anywhere in the world^.
- Enjoy a refund on fees incurred at all ATMs in Australia.
Platinum perks
- Receive the Mastercard foreign exchange rate, with no additional fees or charges.
- Access our 24/7 Concierge Service1.
Safe and secure
- Securely lock and unlock your Platinum Debit Mastercard in the Macquarie Mobile Banking app.
- Get 90-day theft and damage protection on eligible purchases and stolen wallet protection up to $5002.
More ways to pay
Add your Platinum Debit Mastercard to your mobile or wearable with Apple Pay and Google Pay.
Open a multi-award winner
Start using our award-winning Macquarie Transaction and Savings Accounts3.
- Shopping discounts
- Added security
- Budgeting and saving
- Track spending
- Travel assistance
Shopping discounts
Discounts on eGift cards
Discounts on eGift cards
- Get discounts of up to 10% on eGift cards to use at over 50 leading retailers across Australia with Macquarie Marketplace.
- Instantly purchase eGift cards from the palm of your hand and access them 24/7 through your account.
- Get access to Macquarie Marketplace with your transaction account.
Added security
Protect your account and personal information
Protect your account and personal information
- The Macquarie Authenticator app provides an extra layer of security that helps protect your account and personal information and is our most secure way to authenticate.
- It's a mobile app that sends actionable push notifications for you to approve or deny online transactions and account activity. There’s also an option to generate a unique one-time rolling code as an alternative authentication method.
Budgeting and saving
Tools for budgeting and saving
Tools for budgeting and saving
- Open a Macquarie Savings Account with just one tap in the app.
- Get to know your spending. Each time you make a transaction, it’s automatically categorised into groups such as groceries, travel, leisure or technology.
- Create smart budgets for anything in an instant, then see how you're tracking at a glance and over time.
Track spending
Transaction notifications
Transaction notifications
- Get the added security of real time notifications – opt in on your device.
- Whenever you make a transaction on your Macquarie credit or debit card, you’ll receive a push notification, so you know the correct transaction has been processed either instore or online.
- For foreign currency transactions, the alert shows the spend amount in local currency and Australian dollars.
Travel assistance
Digital tools for travelling
Digital tools for travelling
- When you log into the Macquarie Mobile Banking app at your overseas destination, the Travel Mode feature will reflect your location and the local exchange rate.
- You’ll also have quick access to our international support contact details.
- Easily lock and unlock your card in the app if your card is lost or stolen.
Rates and fees
The Macquarie Platinum transaction account is our basic low fee account.
Interest rates
Account fees
| 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 |
Card and transaction limits
| Transaction type | Limit |
|---|---|
| Daily limit for domestic ATM or other cash withdrawals | $2,000 daily |
These limits only apply to cards with the EFTPOS logo.
Cash out transactions made by selecting ‘savings’ or ‘EFTPOS savings’ at EFT Terminals. |
$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 is applicable for customers who use the Macquarie Authenticator App and are registered for Electronic Banking. Otherwise, a default limit of $20,000 will apply. |
$100,000 daily** |
NPP Payment sub-limit This limit operates as a sub-limit of the daily Pay Anyone limit. |
$10,000 daily |
Daily BPAY limit Some billers may impose their own limits. |
Up to the available balance of your account |
Terms, conditions and documents
| 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 |
How to apply
Open your account in just a few minutes.
Open an account if you:
- are aged 14 years or older,
- have a permanent Australian residential address, email and mobile number
- are an individual or joint applicant.
What happens next
- Your identity will be verified online securely and your account will be set up instantly
- We will confirm your bank account details and Macquarie ID by email
Frequently asked questions
To open a Macquarie Transaction Account you’ll need to complete an 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:
If you need to pause your application partway through, we’ll send you an email so you can resume it when you’re ready.
You can also open a Macquarie Savings Account alongside your Macquarie Transaction Account as part of this application process.
To apply for a Macquarie Transaction Account:
- Go to macquarie.com.au and select Everyday banking
- Under Transaction Account, click Find out more
- Select Open an account.
If you need to pause your application partway through, we’ll send you an email so you can resume it when you’re ready.
You can also open a Macquarie Savings Account alongside your Macquarie Transaction Account as part of this application process.
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 free access to any rediATM and a refund on fees incurred at all other 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.
Lost or stolen card
If your card is lost or stolen, please let us know right away and we’ll cancel your card to protect your account and send you a replacement card as quickly as possible. In most cases, your new card will arrive in 5-10 business days.
Once you’ve reported your card lost or stolen, the card will be locked and you won’t be able to use it for transactions until you receive and activate your new card. You will need to update your direct debits with your new credit card number. Any additional cardholders on your account can continue using their card.
Call us to report a lost or stolen card and order a new one:
Misplaced Debit Mastercard
If you misplace your Debit Mastercard or Visa credit card, you can apply a temporary lock on your card to protect your account. This prevents new payments being made on your card, and in some cases may result in existing direct debits or authorised payments to be declined. You’ll need to review all direct debits and authorised payments connected to the account. You can unlock your card at any time.
To place a temporary lock on your card in Macquarie Online Banking:
To place a temporary lock on your card in the Macquarie Mobile Banking app:
If your card is lost or stolen, please let us know right away and we’ll cancel your card to protect your account.
Misplaced Cashcard
If you misplace your Cashcard, call us on 1800 800 521 (+61 2 8245 4384), 24/7.
If your card is lost or stolen, please let us know right away and we’ll cancel your card to protect your account. In most cases, your new card will arrive in 3–5 business days.
If your card is lost or stolen, please let us know right away and we’ll cancel your card to protect your account and send you a replacement card as quickly as possible. In most cases, your new card will arrive in 5-10 business days.
Once you’ve reported your card lost or stolen, the card will be locked and you won’t be able to use it for transactions until you receive and activate your new card. You will need to update your direct debits with your new credit card number. Any additional cardholders on your account can continue using their card.
Call us to report a lost or stolen card and order a new one:
- Debit Mastercard: 133 174 (+61 2 8245 4470), 24/7
- Cash Card: 1800 800 521 (+61 2 8245 4384), 24/7.
Misplaced Debit Mastercard
If you misplace your Debit Mastercard or Visa credit card, you can apply a temporary lock on your card to protect your account. This prevents new payments being made on your card, and in some cases may result in existing direct debits or authorised payments to be declined. You’ll need to review all direct debits and authorised payments connected to the account. You can unlock your card at any time.
To place a temporary lock on your card in Macquarie Online Banking:
- Select Accounts from the side menu; or first click on the
icon in top left-hand corner to display the side menu
- Select the account
- Select the Lost or stolen card tab
- Toggle to Lock card.
To place a temporary lock on your card in the Macquarie Mobile Banking app:
- Select the card icon in the left side menu
- Scroll to the relevant card account
- Select Lock card
- Select Lock on the pop-up message.
If your card is lost or stolen, please let us know right away and we’ll cancel your card to protect your account.
Misplaced Cashcard
If you misplace your Cashcard, call us on 1800 800 521 (+61 2 8245 4384), 24/7.
If your card is lost or stolen, please let us know right away and we’ll cancel your card to protect your account. In most cases, your new card will arrive in 3–5 business days.
"I love the [push] notifications that tell you how much you've spent and when people deposit money."
Biancha
Inspiring better banking
Additional information
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.
Macquarie's Transaction Account was awarded Canstar's 5-Star Rating for Outstanding Value Transaction Account in October 2020. Macquarie's Savings Account was awarded Canstar's 5-Star Rating for Outstanding Value Savings Account in October 2020.