Why bank with RACQ Bank?

We’re always looking to offer our members more. With our history of helping generations of Queenslanders with their insurance and motoring needs, extending into other financial services made perfect sense. By banking with RACQ Bank, you’ll receive the same great service, trust and support we’re renowned for, and you can be confident you’ll have access to some of the best banking products and services on the market.


Bank the way you like

We understand that getting hold of your money, and us, when you need it is important. Which is why we offer a range of easy ways for you to access your accounts and other information.

  • 3,300 rediATMs Australia wide
  • Mobile banking app
  • 24/7 Queensland-based call centre
  • Google PayTM, Apple Pay and Samsung Pay
  • 13 branches across Queensland
  • Internet and phone banking


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Highest level protection

Keeping your money safe is something we don’t take lightly. You’ve worked hard for it, so we work hard to make sure it’s secure, and protected by the highest standards available.

  • Government guaranteed deposits up to $250,000, providing an extra layer of safety
  • RACQ Bank is regulated by APRA, so meet their stringent financial requirements
  • We use Vigil Fraud Protection keeping your cards safe
  • RACQ Bank has an Australian credit licence ACL 241195 allowing us to engage in credit activities
  • We subscribe to the Customer Owned Banking Code of Practice (COBCOP), reinforcing our commitment to fair and responsible banking


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Discounts and savings

By taking out an RACQ Bank product, you’ll also become an RACQ member, giving you an array of discounts and savings at all kinds of places.

    • Save on movie, theme park and other entertainment tickets
    • Discounts on RACQ products
    • Get reduced rates on travel and holidays
    • Automotive parts and accessories discounts
    • Save on dining at restaurants and cafes
    • Discounts on home, garden and lifestyle products

Find out more

All your banking needs covered

Looking for a loan to buy a home or car, or to fund your next holiday? Or perhaps you’re keen to make your money work even harder for you? We have a range of products available, all with great rates and low fees.

Enjoy a guaranteed return

If you like the idea of knowing exactly how much your money will be earning, take a look at our term deposits.

Savings accounts

Whatever your goals for the future, our savings options can make them happen.

See all savings accounts

Get 0% balance transfers with an RACQ Credit Card

Whether you’re looking for a great low rate or to gain rewards for your spending, we’ve got a credit card to suit.

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Loans and banking products are issued by Members Banking Group Limited ABN 83 087 651 054 AFSL and Australian credit licence 241195 trading as RACQ Bank. 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, 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.

Mortgage Saver is only available for new lending to RACQ Bank. Customers with an existing home loan can switch to Mortgage Saver with a minimum $20,000 in additional new lending.

RACQ Bank provides customers with credit assistance in relation to the RACQ Bank Credit Card and also gives assistance to customers in relation to credit limit increases for the Card. RACQ Bank assists customers as part of our arrangements with the card issuer, Citigroup Pty Limited.

Fees and charges apply. Terms and conditions apply and are available at https://www.cardservicesdirect.com.au/cardservices/useful_forms.htm. Citigroup’s credit criteria apply. Current Card Services Credit Card holders are not eligible to apply for introductory offers. Offers are available to customers who submit their application by 31 January 2019 and may be extended.

The 0% p.a. promotional interest rate applies to balances transferred with this offer at the point of application, for a period of 14 months for the RACQ Platinum Rewards Credit Card and 12 months for the RACQ Low Rate Credit Card once the balance transfer is processed. At the end of the promotional period, any outstanding transferred balances will revert to the variable Annual Percentage Rate for cash advances, currently 21.74% p.a. Your total balance transfers with this offer may not exceed 80% of your credit limit.

Card Services is a division of Citigroup Pty Limited ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098 (Citi). Citi is the credit provider and issuer of RACQ Bank Credit Cards (Credit Cards). Members Banking Group Limited ABN 83 087 651 054 trading as RACQ Bank (RACQ Bank) promotes the Credit Cards, and assists cardholders, as Citi’s agent, under an agreement with Citigroup. RACQ Bank does not and will not guarantee or otherwise support Citi’s obligations under the contracts or agreements connected with the Credit Cards.

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