---
title: "Everyday Mortgage Offset — RACQ Bank"
description: "Transaction & Savings Accounts from RACQ Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/racq-bank/products/807
source: "CDR Compare"
language: en-AU
last_updated: 2026-03-13T04:25:48Z
---

# Everyday Mortgage Offset — RACQ Bank

> Transaction & Savings Accounts from RACQ Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

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 — 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. | Payment | $60.00 |
| Bank Recall — A request to attempt to recall funds transferred to another account. | Event | $20.00 |
| Bank Trace — A request to trace the origin or final destination of funds either sent to or from your account. | Event | $20.00 |
| Visa Chargeback — Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent. | Event | $27.50 |
| Bank@Post Cheque Dishonour — 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. | Dishonour | Variable |
| Audit Certificate — A certificate for Audit purposes. | Event | $25.00 |
| 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. | Event | $22.00 |
| Card / PIN Postage (International) — Charged when your mailing address is outside of Australia and a card or PIN is mailed. | Event | $9.00 |
| 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 |
| Default Administration — May apply if an event of default occurs. | Event | $20.00 |
| Telegraphic Transfer - Outward (within Australia) — Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment). | Payment | $35.00 |
| Default Enforcement Expenses — May apply if enforcement services are required as part of default administration. | Other | Variable |

## 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**
- **Unlimited transactions** — RACQ Bank has removed fees for most everyday transactions, such as eftpos transactions, internet transfers and direct debits.
- **Digital wallet** — Samsung Pay

## Eligibility

- **Minimum age** — 18 years
- **Individuals only**
- **Residency status** — Australian Resident

## More information from RACQ Bank

- [Fees & pricing](https://www.racq.com.au/banking/support-and-faqs/forms-documents)

## Data provenance

- Published by RACQ Bank under the Consumer Data Right
- Product ID: `807`
- Last updated by the provider: 13 March 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/racq-bank/807
- Provider page: https://www.cdrcompare.au/brands/racq-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000244

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/racq-bank/products/807) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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