Welcome to a bank with a difference
RACQ is owned by members to benefit members. It has been our way for over 100 years, helping Queenslanders wherever we can. And now with RACQ Bank we deliver even more for members every day.
Our members told us they wanted a bank they could trust. So in 2017 we launched RACQ Bank with the vision to bring a better, fairer alternative to Queenslanders. We put people before profit, which means we always put our members’ needs first. It’s what makes us different.
In our first year, we’ve helped our members get ahead with affordable home loans, recognised by Canstar for their outstanding value. We’re also pleased to offer special deals for teachers, and low fees on everyday banking.
And with the support and strength of the 1.7 million members who own RACQ, it's only the beginning. We’ll continue to invest in providing the latest technology, financial education and advice, and more convenient face-to-face service through the integration of our branch network to bring all RACQ products and services under one roof.
Supporting the education community
RACQ Bank builds on the proud history of Queensland Teachers Mutual Bank following our merger in November 2016. For over 50 years, Queensland Teachers Mutual Bank supported the Queensland education community through alliance, education programs and helping teachers with their banking needs. And now with RACQ Bank we offer a range of discounts and benefits designed specifically for teachers on loans, term deposits and financial planning. And our commitment to Queensland education is stronger than ever, with the RACQ education team delivering a number of award-winning safety and education programs to Queensland schools.
More about RACQ Bank
More for members
RACQ members have trusted us to look after them on the roadside and with their insurance for many years. And now you can expect the same trust and service when it comes to banking.
RACQ is owned by members, to benefit members. It’s been our way for over a hundred years. Honesty, fairness, and a lasting commitment to putting our member’s’ best interests first are the core values upon which RACQ Bank is built.
Customer owned banking code of practice
Working closely with the Customer Owned Banking Association, the governing body of Australian credit unions and building societies, we’ve helped develop the Customer Owned Banking Code of Practice.
RACQ Bank Governance
We are committed to operating RACQ Bank as an ethical and fair business for our members.