Macquarie Transaction Account

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

The Macquarie Transaction Account is structured to help you minimise fees and earn cash payments. There are no international purchase fees when you shop online or overseas, no monthly fees and you can earn competitive interest rates on the entire balance. You also have free access your money at any domestic ATMs using a linked Macquarie debit Mastercard.

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Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee

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Product NameMacquarie Transaction Account
Monthly account fee$0
Card accessMastercard
ATM Withdrawal Fee$0
International transaction fee0%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Fitbit Pay, Garmin Pay

Key features

Monthly account keeping fee

For the Macquarie Transaction Account you will not be charged any monthly account keeping fees.


You are able to access your account and money through online and mobile banking, electronic transfers and by using ATMs. This includes the use of BPAY and scheduled payments for your bills, and direct credits and debits. Deposits can also be made by cash at selected Macquarie offices, or with a cheque by mailing it to the office.

How to apply


You are able to apply for this account over the phone or alternatively by visiting the Macquarie Bank website to fill out an online application form. Before beginning make sure to check that you are eligible for the Transaction Account:

  • Minimum age. This account is only available for individuals aged 14 and over.
  • Australian mobile number. You must have a valid Australian mobile number to apply for this account.

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    Default Gravatar
    March 26, 2019

    I think one of the most important questions is, how is exchange rate calculated on this account? Bank’s rate or Master Card Rate?

      Avatarfinder Customer Care
      March 28, 2019

      Hi Stewart,

      Thank you for getting in touch with Finder.

      Overseas transactions with this Macquarie Transaction account are processed using the Mastercard foreign exchange rate.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    March 27, 2018

    Are you able to open a Macquarie Transaction Account on line in joint names with your partner?

      Avatarfinder Customer Care
      March 27, 2018

      Hi Alan,

      Thank you for getting in touch with finder.
      Yes, this account is designed for individual or joint account holder use and cannot be opened on behalf of a business, trust or deceased estate. You are able to apply for this account over the phone or alternatively by visiting the Macquarie Bank website to fill out an online application form.

      I hope this helps.

      Have a great day!


    Default Gravatar
    January 15, 2018

    Is there still a $5 overseas ATM fee? I had heard Macquarie has removed this fee with their Macquarie transaction account.

      Default Gravatar
      January 16, 2018

      Hi Tim,

      Thanks for your inquiry

      The free ATM transactions only apply to domestic ATMs. If you’re going to use an ATM overseas, you will be charged a $5 transaction fee.

      Hope this information helps


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