Home Loan Offset account
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.
- Base rate
- 0%
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 |
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.
Eligibility
- Manage your day-to-day banking to reduce the interest payable on your home loan. — Offset account
More Information
Published by Defence Bank under the Consumer Data Right · Last updated 15 March 2026 · Product ID 152 · View on CDR.gov.au