Switch to the Everyday Account that makes every day count

Your RACQ Bank Everyday Account helps you move, manage, and make the most of your money without hidden fees. When it comes to your daily finances, choose the bank that exists to make your life better every day.

  • $0 withdrawal fees at 2,100+ atmX locations Australia-wide
  • $0 withdrawal and deposit fees at 3,500+ Bank@Post locations
  • $0 everyday transaction fees
  • $0 minimum monthly deposits

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
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 18 years or over
    Under 18? 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

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

Why choose an RACQ Bank account?

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    Bank wherever you go with internet banking and the RACQ Bank app.
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    Use your smartwatch or phone to pay via Apple Pay, Google Pay™ and Samsung Pay*.

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    Our bank cards are now made from 82% recycled materials.

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    Enjoy discounts that make your everyday life more affordable.

Get rewarded for being an RACQ member~~

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Save on the essentials every week
Enjoy a 4% discount on pre-purchased Woolworths Supermarket eGift Cards.
Free up your transport budget
Take 4 cents per litre off when you fill up at participating Caltex service stations.#
Treat yourself to a little entertainment
Save on eVouchers and eGift Cards for Event Cinemas and BCC Cinemas Queensland-wide.
Earn cashback rewards when you shop
Shop online with more than 200 fashion, beauty, pet, and home retailers and earn cashback rewards.

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.

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 Caltex and Puma Energy service stations. Visit racq.com/caltex for details.