Transaction accounts

Transaction accounts to keep Queenslanders moving

If you prefer to spend less time checking your account and more time doing the things you love, let us take care of your transaction accounts. With no hidden fees, convenient digital banking options, and the helpful customer service our members know and love, an RACQ Bank transaction account is all about making your day better.

Your transaction account options

Make every day count with RACQ Bank transaction accounts.

Choose a transaction account that makes life easier

Convenient online banking
Bank wherever you go with internet banking and the RACQ Bank app.
Card-free payment options
Use your smartwatch or phone to pay via Apple Pay, Google Pay™ and Samsung Pay*.
Small steps toward a greener future
Our bank cards are now made from 82% recycled materials.
RACQ member benefits
Enjoy discounts that make your everyday life more affordable.

Discover how membership makes all the difference^~~

Transaction account FAQs

Help centre

Tips and guides

Choosing a bank account

Things to note

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Interest rates on a per annum basis and are current as at 1 November 2024 and subject to change at any time.

You can only create a PayID within mobile or internet banking by linking it to an eligible account. Not available on some accounts. Please read the Mobile and Internet Banking Terms and Conditions for more information.

Biometric identification features are compatible with selected devices only, noting that some devices may not be able to use particular biometric identification methods. For Android, selected biometric features should be available on devices with android v 4.4 or greater, provided that feature is available in device. For iOS device, any device that is running with IOS version 9, 10 or 11 (or greater), provided that feature is available in device.

* The Apple logo and Apple Pay are trademarks of Apple Inc.., registered in the U.S. and other countries. Google Pay, and the Google Pay Logo are trademarks of Google Inc. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

^~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.

^#Conditions apply. Offer available at participating Caltex and Puma Energy service stations. Visit racq.com/caltex for details.

Transaction accounts