Transaction accounts to keep Queenslanders moving

If you prefer to spend less time checking your account and more time doing the things you love, let us take care of your transaction accounts. With no hidden fees, convenient digital banking options, and the helpful customer service our members know and love, an RACQ Bank transaction account is all about making your day better.

Your transaction account options

Make every day count with RACQ Bank transaction accounts.

Everyday Account

Low-fee stress-free transactions.

Not all transaction accounts are created equal. Our Everyday Account gives members a simpler, smarter banking experience.

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    Go card-free with Apple Pay, Google Pay™ and Samsung Pay*
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    Bank wherever you go 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

Aged 55+? Control how you save and spend using one convenient account.

Get the best of both worlds with a transaction account that pays interest on your savings while giving you the freedom to spend.

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    Get started today with no minimum opening balance
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    Easily manage your funds with internet banking or the RACQ Bank app
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    $0 Minimum monthly deposits
Earn up to
1.00% p.a.

Interest rate


Monthly account keeping fees


Budget planner calculator

Figure out where you’re spending so you know what you can save.

Savings accounts

Tackle your goals with an account that rewards your hard work.

Our transaction accounts look after what’s important to you

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    No everyday transaction fees
    It’s your money, enjoy using it however you see fit.
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    Know you’re protected
    Members’ security is important to us at RACQ Bank.
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    Queenslanders trust us
    1.7 million members rely on RACQ every day.
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    We’re not just a bank
    Bank with us to enjoy all membership has to offer.

Discover how membership makes all the difference~~

Pick up discounts on everyday purchases
Make the most of your 4% discount on Woolworths eGift cards.
Spend less on petrol
Members get 4 cents per litre off at Puma Energy petrol stations.#
Get more out of your entertainment dollar
Enjoy discounts on movie tickets from Event Cinemas & BCC Cinemas.
Know our members are supporting Queenslanders
See how your membership funds RACQ Foundation disaster relief grants.

Transaction 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.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

~~ 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.