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- Macquarie Bank
- Transaction Account
Transaction Account
- 2024 Award Winner
- Special
- App banking
- Online banking
- MasterCard debit card
Special
No foreign exchange fees, no ATM fees anywhere in the world and up to 10% discounts on eGift cards.
eGift cards can be used at over 40 leading retailers across Australia.
Monthly fee
$0
Maximum interest rate
4.75%
Transaction Account
- 2024 Award Winner
- Special
- App banking
- Online banking
- MasterCard debit card
Monthly fee
$0
Maximum interest rate
4.75%
RateCity says
"An everyday transaction account offering app banking, no account keeping fees and no overseas ATM withdrawal or currency conversion fees."
Pros and Cons
For Transaction Account
Benefits
- $0 account keeping fee
- App banking available
- 3.1% - 4.75% interest available
- No overseas ATM withdrawal fee charged by Macquarie Bank Limited
- No currency conversion fees for foreign currency transactions
- Send money using PayID
- Winner of Best Bank Account, RateCity Gold Awards 2024
Drawbacks
Macquarie Bank Rate Bank Account overview
For Transaction Account
Account details
Minimum opening amount
$0
Min. age restrictions
12 years old
Minimum balance
Max. age restrictions
N/A
Interest calculation frequency
Daily
Interest payment frequency
Monthly
Features
Linked account
Send money using PayID
Joint application available
Free international account transfer
Foreign currency
Target Market Determination
Visit Macquarie Bank Limited to view Target Market Determination.
Methods of access
Internet banking
ATM access
Phone banking
EFTPOS facility
Branch access
Cheque services
App
App only
Fee details
Monthly fee
$0
Min. deposit for fee free
N/A
ATM & EFTPOS fees
ATM withdrawal fee
$0
Other bank ATM withdrawal fee
Daily ATM withdrawal limit
$2,000
EFTPOS fee
$0
Overseas fees
Overseas ATM withdrawal fee
$0
Overseas eftpos fee
$0
Foreign transaction fee
$0
Other transaction fees
Phone transaction fee
$0
Internet transaction fee
$0
Counter withdrawal fee
$0
Free counter transactions
Counter deposit fee
$0
