100% Loan Offset
A transaction account which offsets eligible home loans.
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Penalty Interest will be charged on overdrawn accounts. | 0% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| 100%_OFFSET_ACCOUNT Charged monthly · Capped at $0.00 · Monthly account keeping fee. Waived if Package Home Loan held. | Ongoing | $7.50 |
| CHEQUE_DISHONOUR Capped at $0.00 · A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured. | Event | $9.00 |
| DIRECT_ENTRY_DISHONOUR Capped at $0.00 · Payable when a direct entry (inward and outward) is dishonoured. | Event | $9.00 |
| DOCUMENT_FEE Capped at $0.00 · $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Account e.g. evidence of a Visa Debit Card purchase. | Event | $60.00 |
| FINANCIAL_INSTITUTION_CHEQUE Capped at $0.00 · Payable when you request us to issue a financial institution cheque. | Event | $2.50 |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE Capped at $0.00 · A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. |
Features
- Additional cards
- Bill payment (BPAY) — BPAY
- Pay bills using BPAY
- Card access — Visa Debit Card
- Digital banking
- PayID
- Real-time payments (NPP)
- Offset account
- 100% Offset when linked to an eligible Home Loan
- Unlimited transactions
Eligibility
- Residency status — Australian citizen or a permanent resident of Australia or otherwise approved
- Individuals onlyAvailable for personal use only
- Minimum age — 18 years
- Must hold an eligible variable rate Mutual Bank loan - Package Home Loan or Standard Home Loan
Constraints
- Opening balance — $0.00
- Minimum balance — $0.00
More Information
Published by Maitland Mutual Limited under the Consumer Data Right · Last updated 30 June 2026 · Product ID 100_percent_Loan_Offset · View on CDR.gov.au