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RACQ Bank Bank Accounts

The RACQ (Royal Automobile Club of Queensland) was formed by 12 motorist enthusiasts in 1902. Today the club operates as a mutual organisation and provides roadside assistance, car insurance, boat insurance home and contents insurance and other services to its members in Queensland. The RACQ head office is located Eight Mile Plains. In 1997 RACQ launched their member benefits and discount program under the slogan "show your card and save". In 2002 a new organisational structure was implemented by the new joint venture partner Suncorp Metway. Prior to this time RACQ had partnered with AMP and GIO who initiated writing RACQ’s first insurance policies. The organisation has always been committed to driver education and awareness, evident in the launching of their ’learn2go’ program for learner drivers and ’The Streets Ahead’ - a road safety education program for primary school students.

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FAQs

Opening a bank account in Australia is usually a straightforward process. Some banks give you the option of opening an account online, while others require you to visit a branch.

Different bank accounts offer different features, so it’s best to compare your options to find one that suits you.

All banks require you to pass an identity check to open a bank account. Australia uses the 100-point identification system, which means you’ll need to show a number of forms of ID that, together, add up to 100 points.

Common ID types include a driver’s licence, passport, Australian visa in a foreign passport, and Australian Medicare card. You’ll find out what types of ID are accepted when you go through the sign-up process online or at a branch.

Once your account is open, you’ll be given or sent a debit card that you can use to make purchases and withdraw money from your account.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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