Opening an account
You can open a Macquarie Transaction or Savings account for yourself or with someone else (joint account) by completing an online application via Macquarie Online Banking or via the Macquarie Mobile banking app. We’ve designed this process to be quick and easy.
- Macquarie Transaction Account
- Macquarie Savings Account– you will need to first open a Transaction Account to open a Savings account.
Before we open an account
Before we can open an account, we’ll verify your identity and may ask you for some additional information.See what you need to open an account.
Macquarie Transaction and Savings account can only be opened by the account applicant under either individual or joint names. This means you cannot open a Macquarie Transaction or Savings account on behalf of another, even if you hold a Power of Attorney or Enduring Power of Attorney.
To open (and keep open) an account, you must be over 12 years of age and have:
- a permanent Australian residential address,
- an Australian mobile phone number, and
- a valid email address.
An application may be unsuccessful if your circ*mstances didn’t meet certain acceptance criteria or regulatory conditions for the product. We recommend reading our terms and conditions before applying.
Open via Macquarie Online Banking
If this is your first time with Macquarie:
- Visit macquarie.com.au
- SelectEveryday banking
- Under Transaction Account, clickFind out more
- SelectOpen an account and follow the prompts.
Once you open a Macquarie Transaction Account, you can open a savings account with the steps below.
If you have an existing account with Macquarie:
- Log into Macquarie Online Banking
- Click Open an account at the top of your accounts list
- Find the account option you want to open. Click Open an account and follow the prompts.
Open via Macquarie Mobile Banking app
If this is your first time with Macquarie:
- Download the Macquarie Mobile Banking app
- SelectStart an application
- SelectOpen an account and follow the prompts.
Once you open a Macquarie Transaction Account, you can link a savings account with the steps below.
If you have an existing account with Macquarie:
- Open your Macquarie Mobile Banking app
- Select the Accounts tab on the bottom left of your screen
- Select Open an account at the bottom of your accounts list
- Find the account option you want to open by scrolling left or right. Click Open an account and follow the prompts.
Joint accounts
You can invite a second applicant to join your application or complete the application form together for a joint account.
Inviting an applicant
If the second applicant is an existing customer, they’ll receive a push notification and email to approve or deny the application on their online banking. The primary applicant will also be able to view whether the secondary applicant has approved or declined their request.
If the second applicant is new to Macquarie Bank, they will receive the request with a unique code via email and SMS.
Join via the Macquarie App
- Download the Macquarie Mobile Banking app
- Choose the Resume or join an application
- Enter your unique invite code
Join via Macquarie Online Banking
- Visit macquarie.com.au
- Select Everyday Banking and choose ‘Transaction account’ or ‘Savings account’
- Click Open an account
- Choose Resume or join an application
- Enter your unique invite code
Complete the application form together
After the primary and secondary applicant submit their details together, the second applicant will receive a push notification and email to approve or deny the joint application on their online banking.