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Finding a bank account with the right features for your situation can make your money work better for you in the long run. We understand that everyone is different – so we have various options to suit anyone, at any stage of their life.

Everyday Account 

  • With no monthly account keeping fee, access your money where and when you need it
  • Unlimited eftpos and internet banking transactions
  • RACQ Visa Debit card with payWave
  • Apple Pay, Google Pay™ and Samsung Pay mobile payment options

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Advantage Plus Account

  • A higher interest earning everyday account, exclusively for people over 55
  • RACQ Visa Debit card with payWave
  • $2,000 minimum opening balance
  • Apple Pay, Google Pay™ and Samsung Pay mobile payment options
     

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Need more information? Compare all transaction accounts.

eSave Account

  • An online savings account with great interest rates
  • Earn a competitive interest rate on balances over $5,000
  • No account keeping fee
  • Unlimited deposits and withdrawals without affecting your interest rate

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Bonus Saver 

  • Be rewarded for your saving and still have easy access to your money
  • Earn bonus interest when making deposits totalling $100 or more per month and making no withdrawals
  • No account keeping fee

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Term Deposits

  • A great way to invest your savings for a fixed return
  • Competitive interest rates on your deposit
  • Certainty of a fixed interest rate so you know how much you’ll earn in the future
  • Minimum $1000 investment/opening balance

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Need more information? Compare all savings accounts and term deposits.

We make it easy for you to manage your money

Why open an account with RACQ Bank? 

Support and FAQs

You can report a lost or stolen card using the secure message feature available through internet online banking. Just log in to online banking, select “Secure messages” and select the option for reporting a lost or stolen card. Alternatively, you can contact us on 13 1905 or visit your nearest local RACQ branch and we can block your card to keep your money safe.

You can activate your Visa Debit card online through internet and mobile banking. Simply login, select "Card options" and "Activate card". Alternatively, please call us on 13 1905 or visit your nearest local RACQ Branch and one of our friendly staff will activate your card for you.

Visa Debit card transactions made overseas incur a $4.50 transaction fee and 3% of the value of transaction fee.

View the Fees and charges schedule for more details.

More Accounts FAQs

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

You can only create a PayID within mobile or internet banking by linking it to an eligible account. Not available on some accounts. Read the terms and conditions.

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.

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.