Bank details of RACQ Bank

How to correctly fill out a transfer form

RACQ Bank, backed by Queensland's largest club, provides a range of personal banking services. Precision in entering the BSB and SWIFT codes is vital for ensuring your savings or loan payments are routed correctly.

Examples of filling out a transfer:

Domestic Transfer: Recipient: David Wright; BSB: 514-000 (public bank identifier); Account: ****7766 (example); Reference: Car Loan Payment.

International Wire: Recipient: RACQ Member; SWIFT: QTMBAU41 (public bank identifier); Account: 44556677 (example); Currency: AUD; Bank: RACQ Bank.

Tips for filling out the form

• Use the BSB 514-000 for all domestic electronic transfers within Australia. • For international incoming funds, the SWIFT code QTMBAU41 is the designated public bank identifier. • RACQ Bank supports near-instant payments via Osko and PayID. • Verify the ABN 83 087 651 054 for official corporate identification.

FAQ

Question: What is the Financial Institution Code for RACQ Bank?

Answer: Within the clearing system, it is identified by the public bank identifier QTM (legacy code).

Question: Is RACQ Bank a mutual bank?

Answer: Yes, it is a member-owned bank operating under the public bank identifier AFSL 241195.