Bank accounts designed for Queenslanders like you
At RACQ, you’re not just a customer – you’re a member. When you open a bank account with RACQ Bank, easy access and low fees are just the beginning. You’ll also tap into the discounts, benefits, and outstanding customer service RACQ's members have been enjoying for over 118 years. Our low-fee bank accounts are one of the ways we reinvest profits back to members, because you deserve to get ahead.
Compare our transaction and savings accounts
Get ahead with our day-to-day bank accounts.
Everyday Account
Combine modern banking features, true customer service, and member benefits in an account that rewards you.
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$0 withdrawal fees at 2,100+ atmX locations Australia-wide -
$0 withdrawal and deposit fees at 3,500+ Bank@Post locations
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$0 everyday transaction fees
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$0 minimum monthly deposits
Monthly account keeping fees
Everyday transaction fees
Advantage Plus Account
Over 55? Make your day-to-day payments and purchases more convenient and your savings goals easier to reach.
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3.25% p.a. interest on account balances $50,000 and over
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$0 withdrawal fees at 2,100+ atmX locations Australia-wide
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$0 withdrawal and deposit fees at 3,500+ Bank@Post locations
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$0 minimum monthly deposits
Interest rate
Monthly account keeping fees
Turn deposits into dreams with savings accounts that put you in control.
Bonus Saver Account
Open a savings account designed to help you reach your short and long-term goals sooner.
Reach your next financial milestone with bonus interest that rewards your hard work.
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Base interest rate of 0.01% p.a.
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Start saving now with no minimum opening balance required
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Get instant account access using internet banking and the RACQ Bank app
Bonus interest rate
Monthly account keeping fees
eSave Account
Grow your money with a savings account you can keep tabs on any time, any place.
Enjoy flexible internet banking and collect interest on your savings with our online savings account.
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Earn interest on the total balance of the account
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Enjoy making unlimited deposits and withdrawals without affecting your interest rate
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Manage your money anywhere, anytime with internet banking and the RACQ Bank app
Interest rate
Monthly account keeping fees
Savings and term deposit calculator
Budget planner calculator
It's always a good time to switch to an RACQ Bank account
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Convenient online bankingBank wherever you go with internet banking and the RACQ Bank app.
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Card-free payment options
Use your smartwatch or phone to pay via Apple Pay, Google Pay™ and Samsung Pay*.
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Small steps toward a greener future
Our bank cards are now made from 82% recycled materials.
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RACQ member benefits
Enjoy discounts that make your everyday life more affordable.
Be rewarded for belonging with RACQ~~
Bank account FAQs
Tips and guides
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.
~~ 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.