RACQ Bank
Everyday Account
Our Everyday Account is a straightforward 'at call' transaction account with no account keeping or ongoing transaction fees, and provides access to your money 24/7 through internet and mobile banking, along with Mobile pay and PayID accessibility.
Savings & transaction accountsBank updated 16 June 2026
At a glance
- Base rate
- 0.00%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 14.94% | — | — |
| Variable | — | — | up to null | 0.00% | — | paid every 1 mo |
§ 02 — Fees · 18
| 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. |
| Audit Certificate | Event | $25 | — | A certificate for Audit purposes. |
| 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 | $9 | — | 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. |
| Default Administration | Event | $20 | — | May apply if an event of default occurs. |
| Dishonour - Manual | Event | $22 | — | Dishonour at member's request. |
| Dishonour | Event | $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. |
| Emergency Replacement Card through Visa (International) | Event | $300 | — | Charged when an emergency replacement card has been requested through VISA outside of Australia. |
| Foreign currency conversion fee | Event | Varies | — | 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… |
| Visa Chargeback | Event | $27.50 | — | Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent. |
| Default Enforcement Expenses | Other | Varies | — | May apply if enforcement services are required as part of default administration. |
| 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). |
| 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 paymentsPayIDDigital bankingUnlimited transactionsOverdraftGoogle PayApple PaySamsung Pay
§ 04 — Eligibility & limits
- · Minimum age 13
- · Residency: Must be an Australian Resident
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 16 June 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.