RACQ Bank
Business Secured Current Account
Our Business Secured Current Account is an overdraft product for business or investment purposes.
OverdraftsBank updated 19 May 2026
At a glance
- Variable
- 0.01%
- Loan size
- $20,000 to no maximum
- Upfront fee
- $1,100
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableCurrently all balances receive the same rate. The interest structure of the product remains as a Per Tier (Stepped) basis, as tiering may be reapplied to this product in future. | — | — | — | 0.01% | — | paid every 3 mo |
| Variable | Investment · Interest only | — | — | 9.96% | — | — |
§ 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 (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 Administration | Event | $20 | — | May apply if an event of default occurs. |
| Default Enforcement Expenses | Event | Varies | — | May apply if enforcement services are required as part of default administration. |
| Substitution of Mortgage Security | Event | $350 | — | Per property. |
| 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. |
| 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… |
| Card / PIN via Courier (International) | Upfront | 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. |
| Document Preparation and Settlement Fee - For Residential Secured Property | Upfront | $1,100 | — | 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 paymentsPayIDUnlimited transactionsGoogle PayApple PaySamsung Pay
§ 04 — Eligibility & limits
- · Minimum age 18
- · Amount $20,000 to no maximum
§ 06 — Run the numbers
Put this product through a calculator
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.