RACQ BankEveryday Mortgage Offset
Our Everyday Mortgage Offset Account is designed exclusively for members with an eligible RACQ Bank variable home loan. It is a 100% offset account that allows members to use their savings to reduce the interest and term on their home loan. The funds in your Everyday Mortgage Offset Account are 'at call', allowing complete flexibility and providing benefits to your residential mortgage.
At a glance
- Pricing
- Rates on application
Fees
18 fees published, grouped by when they're charged.
When you make a transaction4
- Overseas Telegraphic Transfer in Australian Dollars
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.
$60 - Overseas Telegraphic Transfer in Local Currency
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.
$30 - Telegraphic Transfer - Outward (within Australia)
Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment).
$35 - Cash Request
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…
Varies
If a payment is late or fails1
- Bank@Post Cheque Dishonour
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.
Varies
When particular things happen12
- Audit Certificate
A certificate for Audit purposes.
$25 - Bank Recall
A request to attempt to recall funds transferred to another account.
$20 - Bank Trace
A request to trace the origin or final destination of funds either sent to or from your account.
$20 - Card / PIN Postage (International)
Charged when your mailing address is outside of Australia and a card or PIN is mailed.
$9 - Card / PIN via Courier (International)
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.
Varies - Card / PIN via Courier (within Australia)
Charged when a card and/or PIN has been requested to be sent via courier to an address within Australia.
$30 - Default Administration
May apply if an event of default occurs.
$20 - Dishonour - Manual
Dishonour at member's request.
$22 - Dishonour
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.
$1 - Emergency Replacement Card through Visa (International)
Charged when an emergency replacement card has been requested through VISA outside of Australia.
$300 - Foreign currency conversion fee
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…
Varies - Visa Chargeback
Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent.
$27.50
Other fees1
- Default Enforcement Expenses
May apply if enforcement services are required as part of default administration.
Varies
Features
Eligibility and limits
- Minimum age 18
- Residency: Australian Resident
- Available to individuals
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Published by RACQ Bank under the Consumer Data Right, last changed by them on 13 Mar 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.