Notice of Variation to RACQ Bank Terms and Conditions effective 22 August 2025
Notice of Variation to RACQ Bank Mobile and Internet Banking Terms and Conditions effective 22 August 2025
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Target Market Determination

Target Market Determination (TMD) describes the class of customer a particular product might be suitable for based on their likely needs, objectives and financial situation.

TMDs also sets out who can distribute RACQ Bank products, the conditions they distribute our products under, and situations when we may need to review our products.

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Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.

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.

RACQ Bank subscribes to the Customer Owned Banking Code of Practice which establishes higher standards than the law requires. The Code reflects modern consumer expectations and developments in approaches to issues such as consumer vulnerability, guarantors, and supporting customers through financial hardship. Please read our Customer Owned Banking Code of Practice page for more information.