Macquarie is a totally different beat to the 4 major banks. Although it has had its share of misconduct, it has had a cultural wake up and one of the most progressive institutions in Australia. Macquarie's risk appetite is less than the Australian banks but is able to price competitively.
Facts and lender background
Macquarie is an Australian multinational independent investment bank and financial services company
Macquarie has a loan and asset leasing portfolio of $60 billion.
Macquarie Bank is rated A by S&P. The Australian Government's guarantee on deposits under the Financial Claims Scheme applies to deposits held with Macquarie Bank.
Macquarie is a public company listed on the ASX
Product Review Rating
average is 2.1 / 5
Internet banking is available.
Customers can withdraw cash free of charge from any of the major banks ATMs.