Macquarie Bank

About this bank

Fees & Offers

Monthly Fee

Free

Fee Waiver Conditions

A$0/month, unconditionally. No international transaction fees either.

Age-based Waiver

Not specified

Max Bonus Savings Rate

5.00% p.a. when conditions are met

Welcome Bonus

Not specified

Transfers & Cards

Intl. Transfers

Supports PayID/Osko. No Macquarie fees on overseas card payments or ATM withdrawals — strong for use abroad.

e-Transfer

Not specified

Pre-arrival Window

Not specified

Debit Card

Mastercard debit (free)

Australia Details

ATM Fees

All domestic ATM operator fees automatically refunded. No Macquarie fees on overseas ATMs or payments (local ATM operator fees may still apply).

Savings Account

Macquarie Savings Account: about 5.00% p.a. unconditionally (up to A$2m). The transaction account also earns about 2.75% p.a. (rates variable — verify).

Account Opening

Open online (Australian address required, so after arrival). Fully cashless since November 2024 — no way to deposit cash or cheques.

TFN

Without a TFN, interest is taxed at the top withholding rate — register your TFN once you have it.

Important notes

Monthly fees, welcome bonuses, and charges change over time (last verified: July 2026). Japanese-language support may depend on branches with Japanese-speaking staff and is not always an official service. Compare real transfer costs as fees plus exchange-rate margin. Always check each official site for the latest details.