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Giving back to our members for over a hundred years, and now through RACQ Bank

We believe that Queenslanders deserve more from their banking. RACQ Bank helps members get even more, with great rates and low fees. Plus, a range of straightforward banking products, all backed by our Queensland-based call centres, dedicated branches, mobile lenders and technology to help you bank on the go.

We're a bank with a difference

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.

With RACQ, there’s more for you, more for Queenslanders, and more for members, every day.

A bank owned by RACQ members means:


Our products and services are designed to help our members get more from their banking. In our first year, we've been able to give back to members through better rates, low fees and service you can trust.

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An affordable home loan can make such a big difference to our financial wellbeing. Which is why it’s a priority for RACQ Bank to work hard to deliver straight-up home loans with great rates and low fees, receiving a number of industry awards for outstanding value home loans.

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Our Everyday Account has no monthly account keeping fees, no matter what. Plus, you can make unlimited eftpos and internet banking transactions without any additional fees. They also come with all the frills, and all the pays – Apple Pay, Google PayTM, and Samsung Pay.

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Member owned means

Saving at the fuel pump

More savings

In the last year, RACQ members shared in $154 million in returned value across RACQ products and services, helicopter sponsorships, as well as retail, entertainment, dining and fuel discounts, just to name a few.

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RACQ student education

More education

As part of our commitment to Queensland education, we are proud to provide a range of programs to help students develop financial literacy and road safety skills. We also recognise the incredible teachers who work so hard to support our students through the most important years of their lives.

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Community sponsorship people helping at sports club

More helping hands

The RACQ Foundation gives back to those who need it most, with financial assistance for community groups affected by natural disasters, such as storm, flood and drought. This year, RACQ Foundation approved $474,849 in funding for community groups.^

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The more of us there are, the more we can achieve

Together we can do more. So join the 1.7 million members who are enjoying more benefits and delivering more for our community, everyday.



Important information

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054  AFSL/Australian credit licence 241195 trading as RACQ Bank. Fees, charges, terms and conditions apply. Contact us for a copy. This is general advice only and may not be right for you.