The RACQ Bank Everyday Account is a no frills everyday transaction account with no monthly account keeping fee, no minimum balance requirements and free access to Visa Debit, phone and internet banking. Plus, if you're all about digital payments, there is Apple Pay, Google Pay, Samsung Pay or PayID available with this account.
With the RACQ Everyday Transaction account, you'll get free transactions from EFTPOS, phone and internet banking and Queenslanders will be especially happy to hear that they’ll not be charged for any deposits or withdrawals made at any of the 14 QT Mutual Bank branches across the state.
As well as having no minimum balance or opening deposit, the account comes with a linked Visa Debit card that can be used anywhere Visa is accepted globally. You can also use the payWave functionality for any “tap and go” purchases under $100 in Australia, or you can opt to use your phone to pay via Apple Pay, Google Pay, Samsung Pay or PayID. And remember, you can spend with one less care knowing your card is covered by Visa’s Zero Liability Policy which protects you from any unauthorised transactions (conditions apply).
It is important to remember that like many other everyday bank accounts, there’s no interest paid on the balance. If growing your nest egg is high on your to do list right now, you’ll want to make sure you link the QT Mutual Bank Everyday Account with a high interest savings account which you can find with a quick search of the Mozo database here.
The RACQ Bank Everyday Account is best suited to Aussies over 18 years looking for a basic bank account to stash their spending money.
You can use your card overseas but it won’t be free. There is a 3% foreign exchange commission which could put a damper on any overseas holiday shopping trip if you don’t budget for the added expense. Should you lose your debit card overseas you’ll also be up for an emergency Visa Debit replacement card at a whopping $300.
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Balances from $0: 0.00% p.a. |
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n/a |
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n/a |
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$0.00 |
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n/a |
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Unlimited free EFTPOS, phone and internet transactions |
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$0.00 |
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None |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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3.00% |
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$0.00 monthly |
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$0.00 |
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$0.00 |
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$1,000.00 |
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yes |
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no |
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yes |
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yes |
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yes |
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yes |
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yes |
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Applicants must be aged 18 and over. |
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none |
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$0.00 |
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$0.00 |
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3.00% |
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$0.00 |
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$0.00 |
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3.00% |
Apple Pay, Google Wallet, PayID, Samsung Pay
I love Racq bank because I get the benefit of having access to Racq roadside assistance, perks at movies theatres, dream/movie world, restaurants etc. I haven’t had any cons with RACQ yet.
Read full reviewI love Racq bank because I get the benefit of having access to Racq roadside assistance, perks at movies theatres, dream/movie world, restaurants etc. I haven’t had any cons with RACQ yet.
I have always received great customer service with my bank, if i have had an queries or concerns the staff have been educated in their product/services. It has been sometime since I have looked at other companies offerings, but at the moment it fits me well
Read full reviewI have always received great customer service with my bank, if i have had an queries or concerns the staff have been educated in their product/services. It has been sometime since I have looked at other companies offerings, but at the moment it fits me well
This bank truly looks after their clients. They will do anything in their favour to hold you as a client.
Read full reviewThis bank truly looks after their clients. They will do anything in their favour to hold you as a client.
RACQ bank are the best all round bank. Great customer service with friendly helpful staff.
Read full reviewRACQ bank are the best all round bank. Great customer service with friendly helpful staff.
Everyday Account offers straightforward transaction with no account keeping or ongoing fees. Everyday Account gives you access to your money 24/7 through internet and mobile banking. I use the helpful phone assistance when my computer can't access the internet.
Read full reviewEveryday Account offers straightforward transaction with no account keeping or ongoing fees. Everyday Account gives you access to your money 24/7 through internet and mobile banking. I use the helpful phone assistance when my computer can't access the internet.
Spend Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, Fitbit Pay, Garmin Pay
0% p.a.
Glide Account
$0.00
Apple Pay, Google Wallet, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
