Mortgage Offset - Fixed
A Mortgage Offset account reduces the amount of interest you pay on your home loan. The amount within this account is offset against your home loan, meaning you only pay interest on the difference. A cap of $20,000 applies to offsetting fixed rate loan.
Fees
| Fee | Type | Amount |
|---|---|---|
| Dishonour Fee A fee charged where a debit presented to us is dishonoured because there aren't enough available funds in your account. | Dishonour | $0.00 |
| Monthly Offset Account Fee Charged monthly | Ongoing | $0.00 |
| Visa emergency card/cash overseas fee A fee charged when you need an emergency replacement card or cash delivered to you on an urgent basis to an address overseas. | Event | USD 175.00 |
| Domestic ("press credit") cash withdrawal fee A fee that applies to any cash withdrawal transaction within Australia made using the "credit" option on a Bank Australia Visa Debit card. | Withdrawal | $0.00 |
| Exceeding available funds fee A fee charged when you exceed the actual balance or authorised limit of your savings account, transaction account, or overdraft facility greater than $100 payable on the day the event occurs or next day. | Event | $0.00 |
| International transaction fee (ITF) When you undertake an International transaction on a Bank Australia Visa Debit Card you will be charged the fee. An International transaction is any purchase, withdrawal or credit in a currency other than Australian Dollars or where the merchant or financial institution accepting the transaction is outside of Australia or where there is a currency conversion. |
Features
- Bill payment (BPAY) — BPAY
- You can pay bills with the BPAY logo via Bank Australia App or Internet Banking.
- Card access — Visa Debit Card
- Use instore, online and withdraw local currency at millions of locations, everywhere Visa is accepted. Cards are enabled to support diverse needs with raised bumps on the left hand-side on the front face of the card.
- Digital banking
- You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
- Digital wallet — Google, Samsung and Apple Pay available
- Leave your wallet behind and pay for the things you need with Google Pay/Samsung Pay/Apple Pay.
- Notifications — Card and Account Notifications
- Notifications can be enabled in the App or through Internet Banking, allowing you to be alerted either by email, sms or through the App about your card/account activity.
Eligibility
- Individuals onlyNatural Person or In trust for a Natural Person
- Personal, Joint and Trust
- Available to customers who have a Offset loan or a Clean Energy loan. A limit of one Offset account can be linked to a fixed rate loan.
- Residency status — AUMust be an Australian citizen, permanent resident or have a valid Visa
Constraints
- Maximum balance — $20,000.00A cap of $20,000 applies to offset accounts when the home loan is fixed
More Information
Published by Bank Australia under the Consumer Data Right · Last updated 24 June 2026 · Product ID 74abc113-f4ee-4bac-a973-5a2218f543a1 · View on CDR.gov.au