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You can open your new Offset Account over the phone by calling 13 11 82, or by visiting your nearest branch.
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    Key benefits

    For members with an eligible home loan
    Visa Debit Card with payWave
    Mobile wallet payments
    Make transactions through ATM, EFTPOS, Visa Debit, direct debit, BPAY® & branch 
    eStatements
    24/7 access through Mobile Banking App and Internet Banking
    Optional overdraft

    Product overview

    An Offset Account offers the convenience of an everyday transaction account with the bonus of reducing the amount of interest you pay on your home loan. When linked to your eligible home loan, it reduces the balance of the loan that you pay interest on, by what savings you have in the account. The interest rate used to calculate the offset benefit is the same as the interest rate on the linked loan.  Here’s how it works: If your home loan balance is $350,000 and your linked Offset Account balance is $10,000, you’re charged home loan interest based on $340,000.  Offset Accounts can be linked to our Basic Variable loan along with our former loans, Standard Variable and Variable Package, that are no longer available from 17 June 2025.

    • Reduce interest on your home loan

      When the Offset Account is linked to an eligible home loan

    • 24/7 access

      Easily access your account with our Mobile Banking App and Internet Banking

    • Mobile wallet payments

      Pay with Google Pay™,  Apple Pay and Samsung Pay

    • Transaction flexibility

      Make transactions through ATM, EFTPOS, Visa Debit, direct debit, BPAY® and branch

    • payWave

      Make faster, easier and secure transactions using your Visa Debit card

    • Online statements

      Monthly eStatements

    Home loans

    Fees

    Ongoing fees
    Monthly administration fee

    Depending on your loan type, a Monthly Administration Fee may apply. For loans no longer for sale, including Low Doc Loans, Line of Credit and Standard Variable Rate Loans linked to an Offset Account, an $8 monthly fee applies. No monthly fee is payable for Basic Variable Loans linked to an Offset Account.  A monthly administration fee of $6 applies when Offset Account is not linked to a loan.

     

    Disclosure documents

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      Apply now

      You can open your new Offset Account over the phone, or by visiting your nearest branch.

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