MacquarieMacquarie Transaction Account
An award-winning everyday transaction account with no fees and free access to every ATM in Australia.
At a glance
- Base rate
- 3.00%
- Monthly fee
- $0
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 3.00% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 20th highest of 61, level with 4 others |
Rates
Every rate Macquarie publishes for this account, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $250,000 | 3.00% | - | paid every 1 mo |
| Variable | - | - | $2,000,000+ | 3.00% | - | paid every 1 mo |
| Variable | - | - | $250,000–$2,000,000 | 3.00% | - | paid every 1 mo |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 15 Oct 2026 | Variable, up to $250,000 | 2.75% | 3.00% | up 0.25 |
| 15 Oct 2026 | Variable, $2,000,000+ | 2.75% | 3.00% | up 0.25 |
| 15 Oct 2026 | Variable, $250,000–$2,000,000 | 2.75% | 3.00% | up 0.25 |
Each change is logged the night it appears in the rates Macquarie Bank Limited publishes. See how every lender answered the RBA on the rate tracker.
Fees
6 fees published, grouped by when they're charged.
While you hold it1
- Monthly account fees
We don’t charge monthly account fees.
No fee
When you make a transaction4
- International purchases
Card purchases or transactions made or processed outside Australia.
No fee - Online Payments
Make internal transfers, pay anyone and BPAY® payments through online banking and mobile banking on an immediate or scheduled basis.
No fee - Domestic ATM transactions
If you’re charged a fee at an ATM in Australia, we’ll refund it to your account.
No fee - 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.
No fee
If a payment is late or fails1
- Dishonour feesNo fee
Features
- Enjoy a refund on fees incurred at all ATMs in Australia.
- Receive the Mastercard foreign exchange rate, with no additional fees or charges.
- Safe and secure. Securely lock and unlock your Platinum Debit Mastercard in the Macquarie Mobile Banking app.
- Internal transfers
- Pay anyone payments
- Direct credit
- Direct debit
- International transactions
- Lost Luggage Return.
- Theft and damage protection on eligible purchases and stolen wallet protection.
- $100 limit per Mastercard contactless transaction with no PIN.
- Daily $2,000 limit for domestic ATM or other cash withdrawals.
Eligibility and limits
- Minimum age 12
- Residency: Permanent Australian residential address required.
- Must have Australian mobile number
- Must have an email address
- Only available for individual or joint applications
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Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 15 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.