Business Unsecured Current Account
Our Business Unsecured Current Account is an 'at call' transaction account for non-personal entities, such as sole traders, partnerships etc.
- Base rate
- 0.01%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable 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. | 0.01% | — | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| 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. | Event | Variable |
| 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 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 | Event | Variable |
| Bank Trace A request to trace the origin or final destination of funds either sent to or from your account. | Event | $20.00 |
| Dishonour - Manual Dishonour at member's request. | Event | $22.00 |
| Emergency Replacement Card through Visa (International) Charged when an emergency replacement card has been requested through VISA outside of Australia. | Event | $300.00 |
Features
- Real-time payments (NPP)
- Card access — Visa Debit card
- Digital wallet — Samsung Pay
- Additional cards — null
- Digital wallet — Google Pay
- Unlimited transactions — RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits.
- Digital wallet — Apple Pay
- PayID
Eligibility
- This product is available to Non-personal members only, e.g. Sole trader, Partnership, Company, Trusts.
- Minimum age — 18 years
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 13 March 2026 · Product ID 221 · View on CDR.gov.au