Changing banks is easy

With great products and exceptional service, we can see why you’d like to make the switch to RACQ Bank. Simply follow the four steps below to start your journey with us. Call our friendly team on 13 1905 if you need help along the way.

Step 1

Open an account

To start the process of switching banks, you’ll first need to open an account with us. With great rates and low fees, compare and select one of the following bank accounts:

Step 2

Transfer your salary

Once you’ve opened your new RACQ Bank account, arrange for your salary to start being paid into it. Simply download the form below to inform your HR of your new account.

You can also organise to have other direct credits such as pension, investments, Medicare or Centrelink payments transferred into your new account.

You can change your pension, Medicare and Centrelink payments via your myGov account.

Download form

Step 3

Redirect regular payments

Next, arrange to have all your regular payments taken out of your new account. Consider things like pay TV, gym, phone bill, internet, health insurance and utilities. To make sure you cover everything, you may like to contact your current bank to source a list of frequent payments.
Step 4

Close your old account

Finally, close your account with your old bank, and the job is done!