The Everyday Account for making every day count

Your RACQ Bank Everyday Account helps you move, manage, and make the most of your money without hidden fees or long waits. With this account there are no everyday transaction fees or monthly account keeping fees. So, when it comes to your daily finances, choose the bank that exists to make members’ lives better every day.

  • No minimum monthly deposits
  • Never forget your wallet with Apple Pay, Google Pay™ and Samsung Pay*
  • Bank wherever you go using internet banking and the RACQ Bank app

$0 Account keeping fees

Open my Everyday account

No everyday transaction fees

If you’re searching for the best everyday account for your needs, you should read the fine print. Check out our full list of fees in our Fees and Charges Schedule.

Fee  Amount 
Everyday transaction fees such as domestic card purchases, internet transfers, periodical payments, direct debits and direct credits $0
Monthly account keeping fees
 $0
Dishonour fee – where a cheque or direct debit is not honoured, e.g. when you do not have sufficient funds available in your account.  $1

Open your Everyday Account in five minutes

It’s easy to switch to RACQ Bank using your computer or smart phone. It takes only a few minutes to submit your application online:

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    Fill in your online application and complete your identity check 
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    If you have nominated a second applicant they will be sent their invitation to complete their application and identity check also
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    Once your application is submitted we will open your account and send you a text message and email with your account details 

Who can open an RACQ Bank Everyday Account online?

All you need to apply for your RACQ Bank Everyday Account now is:

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    Be aged 13 years or over
    Under 13? Phone us on 13 1905 or visit us.
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    Queensland residential address
    We’re proud to be a bank for Queenslanders.
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    Australian mobile number
    Turn your smart phone into a wallet and bank wherever you go.
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    Australian licence or passport
    Photograph your ID and we’ll take care of the rest.

While you're here

tap-and-go-cards
Savings accounts
Go faster and get further with an interest earning account.
piggy-bank-dollar-coin
Term deposits
Lock-in a fixed interest rate and grow your money.
calculator
Budget planner calculator
Take the guesswork out of your financial plans.

We know what you need from your bank

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    No everyday transaction fees
    Keep more money in your pocket for the fun stuff.
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    Your safety matters to us

    Know we store your info and funds securely.

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    Get your membership benefits now

    Belong to the club that rewards you with discounts.

Get rewarded for being an RACQ member~~

shopping-bag
Smile when you save at the checkout
Unlock 4% off Woolworths eGift cards.
fuel-pump
Keep more cash in your pocket when you fill up
Take 4 cents per litre off when you visit Puma Energy service stations.#
tickets
Watch the latest blockbusters for less
Treat yourself to discounted tickets at Event Cinemas and BCC Cinemas.
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Know your dollar is helping out Queenslanders
Watch your membership help fund vital helicopter rescues.

Everyday 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.

**$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.

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 racq.com/puma for details.