RACQ Bank
Home Loan Overdraft
Our Home Loan Overdraft is a variable rate secured overdraft product for residential purposes.
OverdraftsBank updated 19 May 2026
At a glance
- Variable
- 9.00%
- Loan size
- $20,000 to no maximum
- Upfront fee
- $550
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied · Interest only | — | — | 9.00% | — | — |
§ 02 — Fees · 23
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Bank@Post Cheque Dishonour | Dishonour | Varies | — | If you deposit a cheque via Bank@Post and it is dishonoured, a fee will be directed to your account. This fee is then refunded by RACQ Bank. |
| Dishonour - Manual | Dishonour | $22 | — | Dishonour at member's request. |
| Dishonour | Dishonour | $1 | — | Where a Cheque or Direct Debit is not honoured. For example, a payment would be dishonoured if you do not have sufficient available funds in your account. |
| Audit Certificate | Event | $25 | — | A certificate for Audit purposes. Fee charged per certificate. |
| Bank Recall | Event | $20 | — | A request to attempt to recall funds transferred to another account. |
| Bank Trace | Event | $20 | — | A request to trace the origin or final destination of funds either sent to or from your account. |
| Card / PIN Postage (International) | Event | Varies | — | Charged when your mailing address is outside of Australia and a card or PIN is mailed. |
| Card / PIN via Courier (International) | Event | Varies | — | Charged when a card and/or PIN has been requested to be sent via courier to an address outside of Australia. Charged at cost in line with the international courier's charge. |
| Card / PIN via Courier (within Australia) | Event | $30 | — | Charged when a card and/or PIN has been requested to be sent via courier to an address within Australia. Fee charged per item sent. |
| Company / Trust - Borrower / Guarantor Party Fee Company Search and Review Fee" | Event | $150 | — | Payable for each company or trust borrower / guarantor party on the loan. |
| Default Enforcement Expenses | Event | Varies | — | May apply if enforcement services are required as part of default administration. |
| Loan Document Fee - Top Up | Event | $350 | — | Payable for a further advance against existing security. Valuation fee at cost. |
| Valuation Fee | Event | Varies | — | The cost of the first valuation for a new security is covered by RACQ Bank. Any additional valuation required on an existing security will be payable by the member at cost. |
| Visa Chargeback | Event | $27.50 | — | Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent. |
| Discharge Fee | Exit | $300 | — | Payable for standard partial or full discharges. Fee charged per property. |
| Substitution of Mortgage Security | Other | $350 | — | Per property. |
| Overseas Telegraphic Transfer in Australian Dollars | Payment | $60 | — | Transfer of funds to an overseas bank in AUD rather than local currency. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details. |
| Overseas Telegraphic Transfer in Local Currency | Payment | $30 | — | Transfer of funds to an overseas bank in the currency used locally. Overseas banks, including the agent bank, may charge a handling fee. Check supplied details. |
| Telegraphic Transfer - Outward (within Australia) | Payment | $35 | — | Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment). |
| Emergency Replacement Card through Visa (International) | Replacement | $300 | — | Charged when an emergency replacement card has been requested through VISA outside of Australia. |
| Foreign currency conversion fee | Transaction | 275.00% of transaction | — | For any transaction made overseas or in a foreign currency, a fee of 2.75% of the total transaction value (in Australian Dollars) will be charged. The fee applies to: • Transactions made physically o… |
| Document Preparation and Settlement Fee | Upfront | $550 | — | Document Preparation and Settlement Fee includes the cost of title search, document preparation and settlement fees - document generation, distribution of documents, verification of returned document… |
| Cash Request | Withdrawal | Varies | — | Cash withdrawals of more than $5,000 require 24 hours' notice. Cash delivery charges, levied by the cash provider to RACQ Bank, are passed on at cost for large withdrawals. The charge is determined a… |
§ 03 — Features
Instant paymentsDigital bankingOverdraft
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Australian Resident
- · Available to individuals
- · Amount $20,000 to no maximum
§ 06 — Run the numbers
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 19 May 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.