Note, 

• we DO NOT RECOMMEND any financial products. 
• We simply offer to open the account for you for your convenience. 

Benefits of Macquarie

• For Cash management account, No monthly fees. See here Cash Management Account | Macquarie 
• Benefits of us making the account
  • we make the application process (open account) streamline for you. You don't need to do much other than provide your photo ID to them 
  • we will have access to your account to make things quicker for you. 

Disadvantages

• Completely digital process. No branch. All emails and calls. 
• From 1 November 2024,
  • cannot deposit cheques or cash
  • no cheque books available
  • access over the counter services at Macquarie offices
  • no DEFT
  • see more here  https://www.macquarie.com.au/help/general/cheque-and-cash-changes.html
• to withdraw cash, 
  • ATMs
  • Woolworths, Coles, Big W, BP, Caltex, some IGA stores
  • [Macquarie will] pay for any fees customers may be charged when withdrawing cash from ATMs in Australia, with their Macquarie debit card.
• Macquarie online trade account is $19.95 flat fee per trade (or 0.12% if 19.95 is the lesser fee fro the trade). More expensive compared to selfwealth, and commsec.