Bank accounts designed for Queenslanders like you

At RACQ, you’re not just a customer – you’re a member. When you open a bank account with RACQ Bank, easy access and low fees are just the beginning. You’ll also tap into the discounts, benefits, and outstanding customer service RACQ's members having been enjoying for over 115 years. Our low-fee bank accounts are one of the ways we reinvest profits back to members, because you deserve to get ahead.

Compare bank accounts: Transaction accounts

Get ahead with our day-to-day bank accounts.

Everyday Account

Choose a bank account that simplifies everyday spending

Combine modern banking features, true customer service, and member benefits in an account that rewards you.

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    Enjoy device payment with Apple Pay, Google Pay™ and Samsung Pay*
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    Access your money anywhere with internet banking and the RACQ Bank app
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    $0 Minimum monthly deposits

Monthly account keeping fees


Everyday transaction fees

Advantage Plus Account

Over 55? Spend smarter and save wiser with just one bank account.

Know RACQ Bank is here to make your day-to-day payments and purchases more convenient and your savings goals easier to reach.

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    Start your savings journey straight away with no minimum opening balance
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    Access your money 24/7 using internet banking or the RACQ Bank app
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    $0 Minimum monthly deposits
Earn up to
0.40% p.a.

Interest rate


Monthly account keeping fees

Compare bank accounts: Savings accounts

Turn deposits into dreams with savings accounts that put you in control.

Bonus Saver Account

Open a savings account designed to help you reach your short and long-term goals sooner.

Reach your next financial milestone with bonus interest that rewards your hard work.

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    Base interest rate of 0.01% p.a.
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    Start saving now with no minimum opening balance required
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    Get instant account access using internet banking and the RACQ Bank app
Earn up to
0.70% p.a.

Bonus interest rate


Monthly account keeping fees

eSave Account

Grow your money with a savings account you can keep tabs on any time, any place.

Enjoy flexible internet banking and collect interest on your savings with our online savings account.

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    Earn an interest rate of up to 0.20% p.a. on balances $5000 and over
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    Enjoy making unlimited deposits and withdrawals without affecting your interest rate
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    Manage your money anywhere, anytime with internet banking and the RACQ Bank app
Earn up to
0.20% p.a.

Interest rate


Monthly account keeping fees


Term deposits

Lock in a fixed rate for a guaranteed return on investment.

Budget planner calculator

Keep thriving with a budget planner that takes the guesswork out of success.

It's always a good time to switch to an RACQ Bank account

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    No everyday transaction fees

    You don’t need more fees; we’re helping lift the load.

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    Bank securely with RACQ Bank

    Our platforms are built to keep your assets and information safe.

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    We’ve earned Queenslanders’ trust

    RACQ members have had our loyalty and support for over a century.

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    Access exclusive membership benefits

    We find ways to make your life better every day.

Be rewarded for belonging with RACQ~~

Save on the essentials every week
Enjoy up to a 4% discount on Woolworths eGift cards.
Free up your transport budget
Take 4 cents pre litre off when you fill up at Puma Energy petrol stations.#
Treat yourself to a little entertainment
Get discounted tickets to movies, events, and games year-round.
Be part of positive changes in your community
Know that RACQ funds life-saving rescue flights.

Bank account FAQs

Things to note

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. 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, and consider if appropriate for you before deciding.

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.

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

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.

* The Apple logo and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay, and the Google Pay Logo are trademarks of Google Inc. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd.

~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.

#Conditions apply. Offer available at participating Puma Energy petrol stations. Visit for details.

**$100 cash bonus promotion:
To be eligible you must satisfy the following conditions:

  • Open an RACQ Bank Advantage Plus Account or RACQ Bank Everyday Account (the ‘Transaction Account’) between 1 December 2021 and 30 January 2022 (inclusive).
  • Must use your RACQ Bank card(s) associated with the Transaction Account for a purchase 4 times on or before 28 February 2022.
  • Not held an RACQ Bank Transaction Account prior to the commencement of this promotion.

Only one cash bonus of $100 will be paid per membership. Multiple membership attached to one account will only receive one cash bonus. The $100 cash bonus will be paid into the Transaction Account within 60 days of completing 4 card purchases.