Mortgage Offset Account
Put your money to work by using a 100% Mortgage Offset Account for transactional banking and savings to reduce the interest you pay on your home loan and pay off your mortgage faster.
Fees
| Fee | Type | Amount |
|---|---|---|
| Overseas Bank ATM Balance Enquiry Overseas ATM access is only available if an Account is linked to a Visa Debit Card | Enquiry | $2.00 |
| Overseas Bank ATM Withdrawal Overseas ATM access is only available if an Account is linked to a Visa Debit Card | Withdrawal | $5.00 |
| ATM Operator Fee As disclosed on the ATM screen at the time of the transaction | Withdrawal | Variable |
| Foreign Currency Transaction Fee Applicable to accounts linked to a Visa Debit Card | Purchase | 3% of balance |
Features
- Unlimited transactions
- Fee free access to over 2,100 atmx by Armaguard ATMs, our preferred ATM network, as well as all BOQ Branch ATMs and some other Australian banks' ATMs
- Interest is calculated on the daily closing balance of your home loan offset account - up to the outstanding balance of your home loan.
- Card access — Visa Debit Card
- Shop online, in-store, in Australia and overseas with your Visa Debit Card
- Deposit as much or as little as you want anytime, into your Mortgage Offset Account
- Unlimited transactions
- Unlimited cheques, withdrawals, BOQ balance enquiries, funds transfer and BPAY transactions
- The Mortgage Offset Account works like a normal transaction account, so you can access your money any time.
Eligibility
- Residency status — Resident or CitizenA citizen or permanent resident of Australia
- Individuals onlyApplying for a personal account and not in the name of a business or trust
- The offset Account holder must be a party to the housing loan. Only one Account can be offset against your housing loan.
More Information
Published by Bank of Queensland Limited under the Consumer Data Right · Last updated 13 July 2026 · Product ID 32906e88-5c03-ee11-8f6e-00224814d330 · View on CDR.gov.au