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We’re here to help you avoid those pesky fees so you can get the most out of your money. Follow our handy tips below and see how you can make your money go further.

Online transactions

We’re always here to help in branch when you need us, but did you know that you can complete straightforward transactions online and save money? Internet and phone banking lets you transfer money between accounts, without charging you any fees. You can even transfer money to someone else’s account for free, even if they belong to a different bank. 

Accounts

There’s lots of different accounts and it can be confusing choosing the right one. When comparing accounts look for one that has no monthly account or transaction charges. If you want a savings account, but think you may make the occasional withdrawal, choose an account that won’t charge you to access your money. Similarly, if you want to make additional payments on a loan– check that you won’t be charged when you’re paying more than the minimum repayment.

Bank packages

Many banks offer banking bundles across a range of their banking services. Look for banking packages that’ll save you money on account fees, or will reward you with additional interest on the money you save.

Withdrawing

Save on withdrawals by using accepted ATMs (selected accounts have free withdrawals from rediATMs nationwide), or by taking cash out when you pay by eftpos. 

Save time to save money

You can set up automatic payments to easily make repayments on your mortgage, personal loan, or monthly bills. By using automatic payments you’ll never miss a payment again! This will help you avoid any late payment penalties and will even show lenders you’re responsible with your money, that’s a win-win!

Man with credit card and phone on computer 

Use these tips to save on bank fees and use your money on the things that really matter. 

To find out how RACQ Bank can help with your banking, visit our accounts page, or speak to one of our lending specialists today. You can chat to us over the phone, anytime, 24/7.

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The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person’s particular investment objectives, financial situation or needs. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives, financial situations and needs. You should obtain and consider the Product Disclosure Statement or terms and conditions relating to the products mentioned, before deciding whether to acquire any products.

RACQ Bank loans and banking products are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank.

Retail partners, offers and discounts may change at any time without notice. Get the RACQ Discounts App or visit racq.com/discounts for the conditions, limits and exclusions for each offer.