--- title: "Home Loan Offset account — Defence Bank" description: "Transaction & Savings Accounts from Defence Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/defence-bank/products/152 source: "CDR Compare" language: en-AU last_updated: 2026-03-16T00:00:00.000+11:00 --- # Home Loan Offset account — Defence Bank > Transaction & Savings Accounts from Defence Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Transaction & Savings Accounts · Defence Bank Limited** For whatever you need, for whatever’s ahead, the Home Loan Offset account is the way to manage your day-to-day banking while reducing the interest payable on your home loan. ## At a glance - **Base rate:** 0% ## Apply Applications are handled by the provider: [Apply at Defence Bank](https://www.defencebank.com.au/ourlenders) ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Variable | 0% | — | monthly | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Emergency cash — When you request emergency cash while overseas other than through an ATM. The maximum amount of emergency cash available is $1,000 (at our discretion). | Event | $0.00 | | Emergency card replacement — When you request that we replace your Visa card while you are overseas. | Event | $0.00 | | Visa foreign currency conversion fee — The fee we charge when you make a payment or a deposit or obtain a cash advance overseas. | Event | 3% of transaction (Event) | | Overseas ATM cash withdrawals or balance enquiries fee — We don't charge a fee Overseas ATM Cash withdrawals or balance enquiries | Event | $0.00 | | Bank@Post™ — For each cheque deposited through the Bank@Post system and subsequently dishonoured. | Event | $21.72 | | Replacement Visa card within Australia — We don't charge a fee for Replacement Visa card within Australia | Event | $0.00 | | Bank@Post (withdrawals and deposits) — We don't charge a fee for Bank@Post (withdrawals and deposits) | Event | $0.00 | | Domestic ATM cash withdrawals or balance enquiries — Free withdrawals and balance enquires at Major Banks and ATMx, (all other ATMs may charge a direct charge) | Event | $0.00 | | Defence Bank ATM cash withdrawals or balance enquiries — We don't charge a fee for Defence Bank ATM cash withdrawals or balance enquiries | Event | $0.00 | | Same day transfers (via Swift/RTGS) - Inward — Charged when funds transferred via Swift/RTGS (same day). | Event | $6.80 | | Same day transfers (via Swift/RTGS) - Outward — Charged when funds transferred via Swift/RTGS (same day). | Event | $11.80 | | Record search fee — Charged where you request we search our records and retrieve documents. | Event | $50.00 | | Dormant fee — This fee may be charged in certain circumstances when your membership is redeemed by us due to non-activity of more than 12 months. | Event | $20.00 | | Ultimate Package annual fee — Charged yearly · Package related to a home loan Ultimate Package. | Ongoing | $96.00 | | Dishonours (if insufficient funds) — We don't charge a fee for dishonours | Event | $0.00 | | EFTPOS transactions — We don't charge a fee for EFTPOS transactions | Event | $0.00 | | PayTo — We don't charge a fee for PayTo | Event | $0.00 | | Pay anyone using a BSB and account or PayID — We don't charge a fee for Pay anyone using a BSB and account number or PAYID | Event | $0.00 | | BPAY — We don't charge a fee for BPAY | Event | $0.00 | | Internal transfers between Defence Bank accounts — We don't charge a fee for Internal transfers between Defence Bank accounts | Event | $0.00 | | Monthly account-keeping fee — We don't charge a monthly account-keeping fee | Ongoing | $0.00 | ## Features - **Card access** — Access to more than 7,000 free ATMs including Defence Bank ATMs and those of the major banks. - **Real-time payments (NPP)** — Faster, simpler ways to make payments. - **Unlimited transactions** - **Bank@Post** - **No monthly fees.** - **PayID** — Easy payments in real time. - **Offset account** — The Home Loan Offset account works by using 100% of the balance to ‘offset’ or effectively reduce the portion of your home loan accruing interest. - **Card access** — Your choice of camo-coloured Visa Debit card - blue, green, grey or pink. - **Choose to report your card as lost or stolen or block it temporarily.** - **Notifications** — As an added security feature, Members can now set up transaction alerts on a nominated card via the mobile app to notify them whenever their account has been credited or debited. This is an optional feature that can be turned off and on. - **Digital wallet** — Compatible with digital wallets from Apple, Garmin, Google and Samsung. - **Bill payment (BPAY)** — BPAY - **Round Ups** - **Digital banking** — Digital banking convenience. - **Card access** — Select your own Pin - **PayTo** - **Digital wallet** — Replace lost or stolen cards immediately. Using Quick Cards, Members can order a replacement card within the app and be issued with a virtual card that they can add to their digital wallet and use immediately. This removes the stress and inconvenience of having to wait until the physical card arrives to access funds. ## Eligibility - **Manage your day-to-day banking to reduce the interest payable on your home loan.** — Offset account ## More information from Defence Bank - [Overview](https://www.defencebank.com.au/banking/offset-account/) - [Terms & conditions](https://www.defencebank.com.au/tools-and-advice/legal-and-compliance/disclosure-documents/) - [Eligibility](https://www.defencebank.com.au/banking/offset-account/) - [Fees & pricing](https://www.defencebank.com.au/banking/offset-account/) ## Data provenance - Published by Defence Bank under the Consumer Data Right - Product ID: `152` - Last updated by the provider: 15 March 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/defence-bank/152 - Provider page: https://www.cdrcompare.au/brands/defence-bank - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000117 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/defence-bank/products/152) — product data published by Australian data holders under the Consumer Data Right. 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