Everyday 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.
Fees
| Fee | Type | Amount |
|---|---|---|
| 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. | Event | $1.00 |
| Emergency Replacement Card through Visa (International) Charged when an emergency replacement card has been requested through VISA outside of Australia. | Event | $300.00 |
| 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 |
| 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. | Event | $30.00 |
| 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 |
| Overseas Telegraphic Transfer in Australian Dollars |
Features
- Real-time payments (NPP)
- Digital wallet — Apple Pay
- Digital wallet — Google Pay
- Digital banking
- Card access — Visa Debit card
- PayID
- Additional cards — null
- Offset account
Eligibility
- Minimum age — 18 years
- Individuals only
- Residency status — Australian Resident
More Information
Published by RACQ Bank under the Consumer Data Right · Last updated 13 March 2026 · Product ID 807 · View on CDR.gov.au · View Source Data (JSON)