Macquarie Platinum Transaction Account

Macquarie Platinum Transaction Account

Fee Free Deposit


Account Keeping Fee


A debit Mastercard and free access to domestic ATMs make it convenient for you to access your money.

  • Free access to the rediATM network
  • No international transaction fees
  • Mastercard privileges like 24/7 concierge service

Product details

Macquarie Transaction Account is designed to help you minimise fees and earn cash payments. here are no international purchase fees when you shop online or overseas, no monthly fees and you can earn competitive interest rates on balances over $5,000. You also have free access your money at any domestic ATMs using a linked Macquarie debit Mastercard.

Product Name
Macquarie Platinum Transaction Account
Monthly Account Fee
Debit Card Access
ATM Withdrawal Fee
Interest Rate p.a.
Free access to the rediATM network. Plus, receive a refund on fees incurred at all other ATMs Australia wide.
Fee Free Deposit p.m.
Overseas ATM Withdrawal Fee
Overseas Eftpos Fee
Phone Banking
Internet Banking

What are the features of the Macquarie Platinum Transaction Account

The Macquarie Platinum Transaction Account includes the following benefits:

Free rediATM access

With a Macquarie Platinum Transaction Account, you can enjoy free access to the rediATM network in Australia. While Macquarie doesn't charge you for using an ATM outside the rediATM network, third party fees may apply

Minimum deposit of $4,000 per month

You must deposit a minimum of $4,000 into your Macquarie Platinum Transaction Account each month.

No monthly fees

There are no monthly fees to pay on this account.

No international purchase fees

When you use your debit Mastercard to shop overseas or online, you will not have to pay any international purchase fees.

Earn interest on your balance

If your account balance is $5,000 or greater, the Macquarie Platinum Transaction Account allows your balance to earn interest. Check with the bank for current rates.

Spending trends

Keep track of your spending via your mobile banking app, and choose to track your purchases by category, merchant or even location. It will then produce spending trends based on your personal spending habits, so you can see each month where your money is going and where you have capacity to save.

Android Pay

Android Pay functionality is available on all Macquarie debit and credit cards, allowing you to turn your phone into your wallet.

Purchase security cover

If you use your debit Mastercard and select ‘“credit”’ or make a contactless payment, you will be automatically protected if any of the items you purchase are damaged or stolen within the next 90 days.

Wallet Guard

Macquarie Platinum Transaction Account holders can also take advantage of Wallet Guard, which provides a lump sum payment of up to $500 to replace valuables if your handbag or wallet is stolen.

Easy access

You can access your account at any time through Macquarie’s mobile and online banking portals.

24/7 concierge

Macquarie Platinum Transaction Account holders can access 24/7 concierge services to help you make a restaurant reservation, book tickets or book accommodation.

Emergency Travel Assistance Services

If you get sick or are injured while on holiday overseas, you can phone an international emergency assistance line 24/7.

Priceless Cities

Account holders can also enjoy access to exclusive entertainment, travel and shopping deals through the Mastercard Priceless Cities program.


  • Free access to rediATM network
  • Doesn't charge fees for using any ATM in Australia (though 3rd party fees may apply)
  • Emergency travel assistance services
  • Complimentary 24/7 concierge services


  • High minimum deposit requirement

What you’ll need to know before applying

If the Macquarie Bank Platinum Transaction Account sounds perfect for your needs, you can apply online by visiting the Macquarie Bank website. Once there you will be able to begin an online application.

Eligibility to apply online

You will need to meet the following requirements in order to qualify for an account:

  • Minimum age. You must be at least 18 years old.
  • Contact details. You must have an Australian address, email and mobile number.
  • Depository requirements. You must deposit at least $4,000 each month.

Documentation for your online application

During the application process you will need to provide:

  • Your personal details. You will need to provide your name, address, date of birth and contact details.
  • Your Tax File Number. This is needed for taxation purposes.

What happens after I apply?

The application process takes about five minutes and your account will be established immediately. The Macquarie Bank Platinum Transaction Account offers a range of advantages to anyone looking for an everyday transaction account with benefits. However, make sure that you compare it with other transaction accounts to find the best account to help you manage your everyday banking.

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2 Responses

  1. Default Gravatar
    NeerajJuly 17, 2019

    What happens if you dont deposit $4000 in a month? And does your balance need to be greater than $4000?

    • Avatarfinder Customer Care
      JeniJuly 18, 2019Staff

      Hi Neeraj,

      Thank you for getting in touch with Finder.

      If you don’t deposit $4000 a month would be fine. The minimum monthly deposit requirement does not need to be met in order to be eligible for the Platinum benefits, so long as you hold at least one Macquarie home loan facility in the same name(s) as your Platinum Transaction Account. Basically balances from $5000 would earn interest. Interest rates varies on your account’s balance.

      I hope this helps.

      Thank you and have a wonderful day!


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