Macquarie
Macquarie Transaction Account
An award-winning everyday transaction account with no fees and free access to every ATM in Australia.
Savings & transaction accountsBank updated 11 June 2026
At a glance
- Base rate
- 2.75%
- Monthly fee
- $0
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $250,000 | 2.75% | — | paid every 1 mo |
| Variable | — | — | $2,000,000+ | 2.75% | — | paid every 1 mo |
| Variable | — | — | $250,000–$2,000,000 | 2.75% | — | paid every 1 mo |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Dishonour fees | Dishonour | No fee | — | — |
| Monthly account fees | Periodic | No fee | Every 1 mo | We don’t charge monthly account fees. |
| International purchases | Purchase | No fee | — | Card purchases or transactions made or processed outside Australia. |
| Online Payments | Transaction | No fee | — | Make internal transfers, pay anyone and BPAY® payments through online banking and mobile banking on an immediate or scheduled basis. |
| Domestic ATM transactions | Withdrawal | No fee | — | If you’re charged a fee at an ATM in Australia, we’ll refund it to your account. |
| International ATM transactions | Withdrawal | No fee | — | 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. |
§ 03 — Features
Offset accountInstant paymentsPayIDDigital bankingUnlimited transactionsApple Pay, Google Pay
- · 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.
§ 04 — Eligibility & 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
§ 05 — Compare
§ 06 — Run the numbers
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Published by Macquarie Bank Limited under the Consumer Data Right, last changed by them on 11 June 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.