Finty

Macquarie Transaction Account

$0 monthly feeNo foreign transaction fee

An award-winning everyday transaction account with no fees and free access to every ATM in Australia.

Written byDavid Boyd
Overseas spending fee
0%
Overseas ATM fee
$0
Digital wallets
Apple, Google

Monthly fee

Open account

Features

Debit card
Yes
Apple, Google or Samsung Pay
Apple Pay, Google Pay
PayID
Yes
Overdraft available
Not listed

Who can open it

Age to open
12 and over

Who it's for

  • Must have Australian mobile number.
  • Must have an email address.
  • Only available for individual or joint applications.

How it compares

Against the other everyday accounts we compare. Typical means the middle half of them.

Monthly fee

None

Most accounts that say charge none.

Overseas spending fee

None

Of what you spend in another currency. Typical is 3%.

Overseas ATM fee

None

Each time you take cash out overseas. Typical is $5.

Pros and cons

Pros

  • No monthly fee. Keeping the account costs nothing, whatever you deposit.
  • No overseas spending fee. Handy for travel and for shopping online from overseas sites.
  • Pays interest. 3.00% on your balance, which most everyday accounts don't.
  • PayID. People can pay you with your phone number or email instead of a BSB and account number.
  • Phone payments. Works with Apple Pay and Google Pay, so you can pay with your phone or watch.

Cons

Nothing stands out.

Similar accounts

Everyday accounts from other banks with similar fees.