Comparison

Macquarie Mobile Banking vs MLC

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Macquarie Mobile Banking

Manage your finances on the go with this banking app. Track spending, set budgets, and receive real-time alerts for account activity. Securely authenticate transactions and manage both personal and business accounts.

Highlights
  • Set budgets and track spending
  • Search transactions with natural language
  • Real-time account activity alerts
  • Secure transaction authentication
  • Upload photos of receipts
  • Manage personal and business accounts
Features
Read full description

Experience beautiful banking, designed to give you clarity and control. Our award-winning digital banking experience¹ makes managing your money effortless. Save with no hoops, no catches with the Macquarie Savings Account. - Earn interest without the hassle of meeting monthly spend and save requirements. - To open a Macquarie Savings Account, you’ll first need to open a Macquarie Transaction Account. You can then open a savings account in seconds. Supported by Q, your AI agent. - Designed with you in mind, Q is here to make managing your money easier and more intuitive than ever. - Whether it’s answering a quick question or supporting you with a more detailed financial task, Q is ready to help you, 24/7. Secured with Macquarie Authenticator. - Download Macquarie Authenticator, our two-factor authentication app designed to help maximise your security. - Receive detailed alerts directly to your device so you have all the​ information you need to authorise activity on your account before it happens. Get instant access to your digital card with the Macquarie Transaction Account. - Add your debit card to your mobile wallet and pay on the go from the moment you open your account. A debit card that travels with you. - Travelling overseas? Keep your banking all in one place. Our debit card works around the world.² - Enjoy $0 international account fees on overseas purchases, both in-store and online.² Manage your home loan on the go. - See your loan repayment details, including your current interest rate and monthly repayments. - Open multiple offset accounts per eligible home loan account. Mobile banking for our Business Banking clients. - Add your Business Banking profile to seamlessly switch between personal and business accounts within the Macquarie Mobile Banking app. - View balances, make payments and approve tasks in bulk - on the go. Need help? Visit Macquarie Help Centre to learn more about how to use the Macquarie Mobile Banking app. Disclaimers This information is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 and doesn't take into account your objectives, financial situation or needs - consider if right for you. 1. Our digital banking experience is part of why we were awarded Money Magazine’s Bank of the Year 2023/2024/2025. 2. Wherever Mastercard is accepted. Others may charge overseas transaction fees. 3. Apple, the Apple logo, Apple Pay, iPhone and iPhone Duo are trademarks of Apple Inc.

About

MLC

Manage your superannuation, pension, or investment accounts with ease. Securely access your balances, view transactions, update personal details, and track contributions. Find and consolidate lost super, and get notified of payments.

Highlights
  • View account balances
  • Secure login (PIN, Touch ID, Face ID)
  • Check transactions and beneficiaries
  • Review insurance cover
  • Track super contributions
  • Find and consolidate super
  • Update personal details
Features
Read full description

With the MLC app you can: • View your MLC MasterKey super, pension, or investment balances—quickly and simply. • Get secure and easy access, using a PIN, Touch ID or Face ID (only available on compatible devices). • Check transactions, nominated beneficiaries, and your current mix of investment options. • Get notified when you receive a super payment. • Review insurance cover within your super account. • Keep an eye on your super contributions. • Find and consolidate your super. • View your regular investments and withdrawals, distributions, transactions and investment options in your MasterKey investment account. • Update your personal details. • View our super fund details such as our Fund ABN, Product USI, address, and complying fund statement. • Use the app to easily send your super account details to your employer when you change jobs. • View your balance over financial years as a handy, interactive graph. • Get easy access to help and support within the app. Already have MLC online access? Download the app now. You'll need to be registered for MLC online access. Not registered? Simply go to mlc.com.au or call us on 132 652. Please note: • The app doesn’t include information on MLC Wrap, MLC Navigator or products such as standalone insurance. • This app isn’t intended for use by financial advisers.

Screenshots

Macquarie Mobile Banking4 screens
MLC4 screens

Verdict

The call

The clearest difference is update cadence: Macquarie Mobile Banking at fortnightly against MLC's every 2 months. Macquarie Mobile Banking also leads on review sentiment (41% vs 30%). On price, ads, in-app purchases and monetization model there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

Macquarie Mobile Banking ships an update fortnightly, MLC every 2 months. The most recent releases landed on November 6, 2026 and November 2, 2026 respectively.

Scorecard2 real differences · 8 level
Macquarie Mobile Banking versus MLC: the parameters behind the verdict, then further details
ParameterMacquarie Mobile BankingMLC
PriceFreeFree
Rating3.7 (23 ratings) — better—
Positive reviews41.0% of reviews — better30.2% of reviews
Number of ratings23 — better—
Update frequencyFortnightly — betterEvery 2 months
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPadiPhone, iPod
Requires iOS16.015.1 — better
Further details — not scored
Size332 MB49 MB
Age rating4+4+
DeveloperMacquarie Bank LimitedIOOF Service Co Pty Ltd

Customer experience

Macquarie Mobile Banking

All ratings23 ratings
Positive69.6%
Neutral0.0%
Negative30.4%
Written reviews173 reviews
Positive41.0%
Neutral9.2%
Negative49.7%

MLC

Written reviews43 reviews
Positive30.2%
Neutral18.6%
Negative51.2%

Bugs and requests

Macquarie Mobile Banking

Not enough reviews yet to summarise bugs or requests.

MLC

Reported bugs

11 issues
  • Login button does not work
  • App crashes
  • Face ID/Face recognition signing in issues
  • App stuck on login page
  • Update does not work
Show 6 more
  • Keyboard not presented for login
  • Back button not working
  • White screen on launch
  • Cannot accept terms and conditions
  • App cycles to App Store after update
  • Login details incorrect despite website working

Requested features

11 requests
  • Include rate of return for previous and current year
  • Show balance after every transaction
  • Option to view data by calendar year
  • Add graphs for visualization
  • Manage investments from the app
Show 6 more
  • Improve UI color scheme
  • Add more features like changing portfolio and insurance numbers
  • Update login photo
  • Allow online withdrawal of funds
  • Face recognition login on every login
  • App rotation and better iPad screen utilization

In-app purchases

None

Macquarie Mobile Banking

No in-app purchases

None

MLC

No in-app purchases

Questions

Is Macquarie Mobile Banking free?
Macquarie Mobile Banking is free to download, with no in-app purchases.
Is MLC free?
MLC is free to download, with no in-app purchases.
Do Macquarie Mobile Banking or MLC have ads?
Neither Macquarie Mobile Banking nor MLC shows ads.
Which is updated more often, Macquarie Mobile Banking or MLC?
Macquarie Mobile Banking ships an update fortnightly, and MLC every 2 months. Most recently, Macquarie Mobile Banking was updated on November 6, 2026 and MLC on November 2, 2026.

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