{
  "source": "https://cdrbank.racq.com.au/cds-au/v1/banking/products/222",
  "note": "Product Reference Data published by the data holder under the Consumer Data Right, as cached by this site (refreshed every 6 hours).",
  "data": {
    "productId": "222",
    "lastUpdated": "2026-05-18T22:24:08Z",
    "productCategory": "OVERDRAFTS",
    "name": "Business Secured Current Account",
    "description": "Our Business Secured Current Account is an overdraft product for business or investment purposes.",
    "brand": "RACQ Bank",
    "brandName": "RACQ Bank",
    "isTailored": false,
    "additionalInformation": {
      "feesAndPricingUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
    },
    "cardArt": [
      {
        "imageUri": "https://cdn.intelligencebank.com/au/share/0Mvj/AjaY3/eEpDW/original/3498743_RACQ_pW_VISA_Debit_Recy",
        "cardScheme": "VISA",
        "cardType": "DEBIT"
      }
    ],
    "features": [
      {
        "featureType": "DIGITAL_WALLET",
        "additionalValue": "Google Pay"
      },
      {
        "featureType": "ADDITIONAL_CARDS",
        "additionalValue": "null"
      },
      {
        "featureType": "CARD_ACCESS",
        "additionalValue": "Visa Debit card"
      },
      {
        "featureType": "NPP_PAYID"
      },
      {
        "featureType": "DIGITAL_WALLET",
        "additionalValue": "Apple Pay"
      },
      {
        "featureType": "UNLIMITED_TXNS",
        "additionalValue": "RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits."
      },
      {
        "featureType": "DIGITAL_WALLET",
        "additionalValue": "Samsung Pay"
      },
      {
        "featureType": "NPP_ENABLED"
      }
    ],
    "constraints": [
      {
        "constraintType": "MIN_LIMIT",
        "additionalValue": "20000.00"
      }
    ],
    "eligibility": [
      {
        "eligibilityType": "MIN_AGE",
        "additionalValue": "18"
      }
    ],
    "fees": [
      {
        "name": "Cash Request",
        "feeType": "WITHDRAWAL",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "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 at the time of the request and may vary according to location.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Default Administration",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "20.00"
        },
        "currency": "AUD",
        "additionalInfo": "May apply if an event of default occurs.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Overseas Telegraphic Transfer in Local Currency",
        "feeType": "PAYMENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "30.00"
        },
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Dishonour - Manual",
        "feeType": "DISHONOUR",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "22.00"
        },
        "currency": "AUD",
        "additionalInfo": "Dishonour at member's request.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Emergency Replacement Card through Visa (International)",
        "feeType": "REPLACEMENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "300.00"
        },
        "currency": "AUD",
        "additionalInfo": "Charged when an emergency replacement card has been requested through VISA outside of Australia.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Bank Recall",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "20.00"
        },
        "currency": "AUD",
        "additionalInfo": "A request to attempt to recall funds transferred to another account.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Foreign currency conversion fee",
        "feeType": "TRANSACTION",
        "feeMethodUType": "rateBased",
        "rateBased": {
          "rateType": "TRANSACTION",
          "rate": "2.75",
          "amountRange": {}
        },
        "currency": "AUD",
        "additionalInfo": "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 overseas. • Transactions made in a foreign currency, regardless of whether you’re in Australia or  another country. • Transactions processed by overseas merchants, even if the purchase or action takes  place within Australia or in Australian Dollars",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Dishonour",
        "feeType": "DISHONOUR",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "1.00"
        },
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Card / PIN Postage (International)",
        "feeType": "EVENT",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "Charged when your mailing address is outside of Australia and a card or PIN is mailed.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Discharge Fee",
        "feeType": "EXIT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "300.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable for standard partial or full discharges.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Default Enforcement Expenses",
        "feeType": "EVENT",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "May apply if enforcement services are required as part of default administration.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Valuation Fee",
        "feeType": "EVENT",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Substitution of Mortgage Security",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "350.00"
        },
        "currency": "AUD",
        "additionalInfo": "Per property.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Audit Certificate",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "25.00"
        },
        "currency": "AUD",
        "additionalInfo": "A certificate for Audit purposes. Fee charged per certificate.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Card / PIN via Courier (International)",
        "feeType": "UPFRONT",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Telegraphic Transfer - Outward (within Australia)",
        "feeType": "PAYMENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "35.00"
        },
        "currency": "AUD",
        "additionalInfo": "Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment).",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Visa Chargeback",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "27.50"
        },
        "currency": "AUD",
        "additionalInfo": "Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Overseas Telegraphic Transfer in Australian Dollars",
        "feeType": "PAYMENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "60.00"
        },
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Bank Trace",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "20.00"
        },
        "currency": "AUD",
        "additionalInfo": "A request to trace the origin or final destination of funds either sent to or from your account.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Bank@Post Cheque Dishonour",
        "feeType": "DISHONOUR",
        "feeMethodUType": "variable",
        "variable": {},
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Card / PIN via Courier (within Australia)",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "30.00"
        },
        "currency": "AUD",
        "additionalInfo": "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.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      },
      {
        "name": "Company / Trust - Borrower / Guarantor Party Fee Company Search and Review Fee",
        "feeType": "EVENT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "150.00"
        },
        "currency": "AUD",
        "additionalInfo": "Payable for each company or trust borrower / guarantor party on the loan.",
        "additionalInfoUri": "https://www.racq.com.au/banking/forms-and-documents"
      },
      {
        "name": "Document Preparation and Settlement Fee  - For Residential Secured Property",
        "feeType": "UPFRONT",
        "feeMethodUType": "fixedAmount",
        "fixedAmount": {
          "amount": "1100.00"
        },
        "currency": "AUD",
        "additionalInfo": "Document Preparation and Settlement Fee includes the cost of title search, document preparation and settlement fees - document generation, distribution of documents, verification of returned documents, verification of search requirements, settlement booking, settlement attendance (PEXA or paper) and lodgement of title documents.",
        "additionalInfoUri": "https://www.racq.com.au/banking/support-and-faqs/forms-documents"
      }
    ],
    "depositRates": [
      {
        "rate": "0.0001",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P3M",
        "additionalInfo": "Currently 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.",
        "depositRateType": "VARIABLE"
      }
    ],
    "lendingRates": [
      {
        "rate": "0.0996",
        "calculationFrequency": "P1D",
        "applicationType": "PERIODIC",
        "applicationFrequency": "P1M",
        "lendingRateType": "VARIABLE",
        "interestPaymentDue": "IN_ARREARS",
        "repaymentType": "INTEREST_ONLY",
        "loanPurpose": "INVESTMENT"
      }
    ]
  }
}