The following overview can help you better understand the difference between our Transaction and Savings accounts and see which one best suits your needs.

This is a digital-only account and therefore you must have internet access and an electronic device to operate this product.

Each type of account has further eligibility requirements which form part of the application process and terms and conditions.

Product Summary​Transaction Account​Savings Account​
Rates​
  • View all our rates here
  • View all our rates here
Eligibility
  • Be at least 14 years old ​
  • Have a permanent Australian address, email and mobile number ​
  • Be applying as an individual or joint applicant​
  • Be at least 14 years old ​
  • Have a permanent Australian address, email and mobile number ​
  • Be applying as an individual or joint applicant​
  • Must be linked to your Macquarie Transaction Account​
Debit Card​X
How can I make deposits?
  • Electronic deposits
  • Direct credit and salary credits​
  • Real Time Payments (NPP)​
  • Australian cash and cheque deposits​
How can I access funds?​
  • Debit Card
  • Mobile Payments​
  • Internal Transfers
  • Pay Anyone Payments (including scheduled and recurring payments)
  • BPAY​®
  • Direct Debits​
  • Bank cheques
  • Internal Transfers
  • Pay Anyone Payments (including scheduled and recurring payments)
  • BPAY®​
  • Direct Debits​
  • Bank cheques
Interest rate calculation
  • Calculated daily, paid monthly​
Online Access
  • Macquarie Online Banking
  • Macquarie Mobile Banking
Mobile payments
  • Apple Pay
  • Google Pay
X
Additional Benefits
Monthly/Annual Fees​$0
Minimum Balance​$0

Please follow the links to find more information about:

® Registered to BPAY Pty Ltd ABN 69 079 137 518
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Thank you. If you’d like to provide further feedback about your recent experience, please head to our Feedback and Complaints page.

Experiencing financial difficulty?

Where you feel you may not be able to meet your regular repayments or some other financial obligation, please contact us to see how we can work together towards a solution for you. 

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Everyone at Macquarie is commited to providing our clients with the highest standard of products and services available. If you have feedback we would like you to tell us about it. 

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