Leading Digital Marketing Experts | 1300 235 433 | Aggregation Enquires Welcome | Book Appointment
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. It can also have an unsecured overdraft facility.
Category: Transaction & Savings Accounts Last Updated July 24, 2021 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information
Interest Rate 13.94% PA
Comparison Rate 0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
Overdraft
Npp Enabled
Card Access
Digital Wallet
Additional Cards
Digital Wallet
Unlimited Txns
Digital Wallet
Npp Payid
Product Eligibility
OtherAdditional Information: This product is available to Non-personal members only, e.g. Sole trader, Partnership, Company, Trusts.
Min Age - 18.
Bank Fees and Charges
Card / Pin Via Courier (international) (Variable), Amount: Not Listed.. Additional Information: 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.
Repurchase Of Foreign International Draft Or Cheque (Deposit), Amount: 10.00. Additional Information: Where a foreign draft or cheque is purchased and the value is immediately converted to AUD.
Foreign Bank Drafts (Purchase), Amount: 15.00. Additional Information: A cheque made payable in a foreign currency.
Foreign Currency Conversion Fee (Event), Amount: Not Listed.. Additional Information: 3% of the transaction value. Charged when a VISA Debit transaction has occurred in a foreign currency and is converted to AUD.
Bank Trace (Event), Amount: 20.00. Additional Information: A request to trace the origin or final destination of funds either sent to or from your account.
Emergency Replacement Card Through Visa (international) (Event), Amount: 300.00. Additional Information: Charged when an emergency replacement card has been requested through VISA outside of Australia.
Stop Cheque (Event), Amount: 4.00. Additional Information: If a cheque that has not yet been presented, is requested to be stopped by any other means than self-service within Internet Banking.
Repurchase Of Foreign International Draft Or Cheque Processed On A Collection Basis (Deposit), Amount: 50.00. Additional Information: Where a foreign draft or cheque is sent to the overseas bank to accept and value is converted to AUD on acceptance.
Telegraphic Transfer - Outward (within Australia) (Payment), Amount: 35.00. Additional Information: Funds transferred via the SWIFT network to another financial institution within Australia for same day payment (also known as a Wire or RTGS payment).
Telegraphic Transfer - Inward (within Australia) (Deposit), Amount: 10.00. Additional Information: Receipt of money via the SWIFT network from another financial institution within Australia credited to your account same day (also known as a Wire or RTGS payment).
Dishonour (Event), Amount: 1.00. Additional Information: 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.
Default Enforcement Expenses (Variable), Amount: Not Listed.. Additional Information: May apply if enforcement services are required as part of default administration.
Overseas Telegraphic Transfer In Australian Dollars (Payment), Amount: 60.00. Additional Information: 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.
Overseas Telegraphic Transfer In Local Currency (Payment), Amount: 30.00. Additional Information: 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.
Visa Chargeback (Event), Amount: 27.50. Additional Information: Charged when a Visa Debit transaction is disputed. Refunded if transaction deemed fraudulent.
Bank Recall (Event), Amount: 20.00. Additional Information: A request to attempt to recall funds transferred to another account.
Card / Pin Via Courier (within Australia) (Event), Amount: 30.00. Additional Information: Charged when a card and/or PIN has been requested to be sent via courier to an address within Australia.
Audit Certificate (Event), Amount: 25.00. Additional Information: A certificate for Audit purposes.
Card / Pin Postage (international) (Event), Amount: 9.00. Additional Information: Charged when your mailing address is outside of Australia and a card or PIN is mailed.
Cash Request (Variable), Amount: Not Listed.. Additional Information: 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.
Bank@post Cheque Dishonour (Variable), Amount: Not Listed.. Additional Information: 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.
Default Administration (Event), Amount: 20.00. Additional Information: May apply if an event of default occurs.
