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.
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.
Cash out reward
When you take out more than $100 cash from your Macquarie Platinum Transaction Account in store, you will receive a 50c reward into your account.
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.
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.
You can access your account at any time through Macquarie’s mobile and online banking portals.
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 hours a day, 7 days a week.
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.