Business Secured Current Account
Our Business Secured Current Account is an overdraft product for business or investment purposes.
- From (investment)
- 9.96%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 9.96% | — | — |
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 |
|---|---|---|
| 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 at the time of the request and may vary according to location. | Withdrawal | Variable |
| Default Administration May apply if an event of default occurs. | Event | $20.00 |
| 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. | Payment | $30.00 |
| Dishonour - Manual Dishonour at member's request. | Dishonour | $22.00 |
| Emergency Replacement Card through Visa (International) Charged when an emergency replacement card has been requested through VISA outside of Australia. | Replacement | $300.00 |
| Bank Recall A request to attempt to recall funds transferred to another account. | Event |
Features
- Digital wallet — Google Pay
- Additional cards — null
- Card access — Visa Debit card
- PayID
- Digital wallet — Apple Pay
- Unlimited transactions — RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits.
- Digital wallet — Samsung Pay
- Real-time payments (NPP)
Eligibility
- Minimum age — 18 years
Constraints
- Minimum limit — $20,000.00
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 18 May 2026 · Product ID 222 · View on CDR.gov.au · View Source Data (JSON)