RACQ Bank
Advantage Plus Account
Our Advantage Plus Account is a straightforward 'at call' transaction account available exclusively to members aged 55 years and over. This account enables you to manage your everyday banking while earning a competitive rate of interest.
Savings & transaction accountsBank updated 19 May 2026
At a glance
- Base rate
- 0.01%
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $4,999 | 0.01% | — | paid every 3 mo |
| Variable | — | — | $4,999–$49,999 | 1.75% | — | paid every 3 mo |
| Variable | — | — | $49,999+ | 3.25% | — | paid every 3 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 transactionsGoogle PayApple PaySamsung Pay
§ 04 — Eligibility & limits
- · Minimum age 55
- · Residency: Australian Resident
- · Available to individuals
§ 05 — Compare
§ 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.