This document provides a summary of the interest rates, fees, limits and lodgement times applicable to non-Macquarie branded:
For the terms and conditions applicable to the Macquarie branded transaction and savings accounts, click here.
Terms used in this document have the same meaning given to those terms in the Transaction and savings accounts terms and conditions.
Effective 27 November 2023
Interest rates
All information on interest rates below are current as at 27 November 2023, variable and subject to change. Refer to section 2 of the Transaction and savings accounts terms and conditions for further information on interest.
Transaction Accounts
The current interest rate on deposits held in Transaction Accounts is 0.00% p.a.
Offset Account
There is no interest paid on deposits in Offset Accounts.
We may debit any fees and charges payable under these Terms and Conditions to your Account.
If we incur any government tax, duty or other charge imposed by law in respect of your Account or its operation, you must pay us an amount equal to the charge. You authorise us to debit any such amount to your Account.
| Fee type | Fee amount | |
|---|---|---|
Monthly account fee | Nil | |
| Transactions within Australia | ||
Electronic Services transactions
| Nil | |
Real Time Gross Settlement (RTGS)
| Nil | |
Domestic ATM transactions If you’re charged a fee at an ATM in Australia, we’ll refund it to your account. | Nil | |
International transactions Access and transfer your funds overseas using a range of global services including Debit Mastercard transactions and real-time access. | ||
International ATM transactions
| We don’t charge fees to use ATMs overseas. However, you may be charged a fee by international ATM operators. | |
International funds transfer
| Nil | |
International purchases
|
Nil
| |
| Other fees | ||
Special clearance
| Nil | |
Chargeback
| Nil | |
Voucher request
| Nil | |
Dishonour fee
| Nil | |
Overdrawn fee
| Nil Interest will apply at the overdrawn rate – see the Interest Rates section | |
Transaction investigation fee We can investigate a transaction on your Account. | ||
| Investigation fee | Nil | |
Statements Statements are issued every six months and are available through Electronic Services. You can also view your transaction history and perform transaction searches based on defined periods. | ||
View and print statements online | Nil | |
| Requests for historical or reprints of statements | Nil | |
Account limits and lodgement times
Valid transaction requests must be submitted by the below times to allow for same day processing. If a request is unclear, incomplete or requires additional information, we may not be able to process it on the same day.
All times in the table below refer to Sydney time.
| Transaction Type | Cut off time | Processed by us | Daily Limit |
|---|---|---|---|
Funds Transfer from your Transaction or Offset Account to any of your accounts available via Electronic Services | n/a | Immediately | Up to the available balance of your Account |
Funds Transfer from your Transaction or Offset Account to another Australian bank account1 | 5:00pm on a Business Day | Same Business Day2 | $20,0003 |
After 5:00pm or on a non-Business Day | Next Business Day2 | ||
| From your Transaction, Offset (with a BSB starting with 182) to an account held with another Australian bank for payments processed via NPP* | NPP Payments are available 24 hours a day, 7 days a week. There’s no applicable cut-off time. | Immediately, as long as the account you’re paying is NPP enabled. You can contact the receiving bank for more information | $20,0003 |
BPAY® from your Transaction or Offset Account1 | 5:00pm on a Business Day | Processed and treated as received by the Biller on same Business Day4 | Up to the available balance of your Account5 |
After 5:00pm on a Business Day or on a non-Business Day | Processed and treated as received by the Biller on next Business Day4 | ||
Transfer through Real Time Gross Settlement | 12:00pm on a Business Day | Same Business Day | $100,000 |
Overseas telegraphic transfers6 | 12:00pm on a Business Day | Same Business Day | Up to the available balance of your Account |
Overseas bank drafts6 | 12:00pm on a Business Day | Collect after:
| Up to the available balance of your Account |
Card limits
The limits set out in the table below apply per Card, per day, for a Card issued in connection with a Transaction Account or Offset Account.
| Transaction Type | Limit |
|---|---|
Daily limit for domestic ATM or other cash withdrawals | $2,000 daily
|
Daily debit Mastercard transaction limit Purchases made online, by telephone or when selecting 'Mastercard Debit', 'credit' or 'CR' in stores | Up to the available balance of your Account
|
Mastercard contactless limit with no PIN | $100 per transaction |
Daily Pay Anyone Payment limit ** Your applicable daily limit applies to all of the daily Pay Anyone payments you make across all your eligible accounts linked to your Access code. If you hold a joint account, this limit applies at an account level. | $20,000 |
To modify or cancel a scheduled Funds Transfer or BPAY® payment, you must make the change via Electronic Services by 11:59pm the day before it is scheduled to be made.
After being processed by us, Funds Transfers are generally received the following Business Day. Funds Transfers to Building Societies and Credit Unions may take up to 2 Business Days to be received.
If you need to temporarily increase this limit, please contact us. You should be aware that increasing this limit may increase your liability in the case of unauthorised funds transfer transactions. Refer to section 11 of the Transaction and savings accounts terms and conditions for information on liability for unauthorised transactions.
Although funds may be treated as received by the Biller, they may not be available in the Biller's account for up to 3 Business Days.
Note that individual BPAY® billers may set their own limits.
We offer overseas transfers via our International Money Transfer service provided by OzForex Limited, ABN 65 092 375 703 AFSL 226 484 (OFX). Register for this service online at internationalmoneytransfers.com.au.