--- title: "Home Loan Companion Account — Virgin Money" description: "Transaction & Savings Accounts from Virgin Money. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/virgin-money/products/d9176288-5c03-ee11-8f6e-00224814dce7 source: "CDR Compare" language: en-AU last_updated: 2026-03-16T04:47:04Z --- # Home Loan Companion Account — Virgin Money > Transaction & Savings Accounts from Virgin Money. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Transaction & Savings Accounts · Virgin Money Australia** Our Home Loan Companion Account is a simple account designed primarily for offsetting against your home loan balance but also to assist with settlement of your loan ## Apply Applications are handled by the provider: [Apply at Virgin Money](https://virginmoney.com.au/home-loans/compare-our-home-loans/apply-now) ## Fees | Fee | Type | Amount | | --- | --- | --- | | Overdrawn Account Fee — each item paid, up to a maximum of once per account, per day. Charged to your account on the day where drawings are paid and the account subsequently becomes overdrawn without prior approved arrangements, or where an approved overdraft limit is exceeded. Note: An Overdrawn Account Interest Rate will also apply. The rate applied to your overdrawn account may change for time to time and can be found at: Virgin Money \| Everyday Banking, Credit Cards, Home Loans, Superannuation, Car Insurance, Life Insurance, Income Protection & Home and Contents \| Virgin Money Australia | Event | $15.00 | | Pay Anyone | Payment | $0.00 | | Telegraphic Transfer Fee (outward) - Credit — For credit of an account with another financial institution. | Payment | $30.00 | | Vouchers and other records for searching - Location and photocopying — Location and photocopying | Event | $12.00 | | Account Maintenance Fee — Charged monthly | Ongoing | $0.00 | | Vouchers and other records for searching - Privacy Act — each hour (GST inclusive) Privacy Act - access request | Event | $66.00 | | Telegraphic Transfer Fee (inward) — For credit of an account with us in Australian Dollars | Transaction | $10.00 | | Direct Debits | Payment | $0.00 | | Stop Payments - Direct Debits — Payable for either a temporary suspension or a permanent cancellation of the Direct Debit payment. | Event | $0.00 | | Telegraphic Transfer Fee (outward) - recall — For a request to recall a telegraphic transfer. | Payment | $25.00 | | Trace Request — For each request to perform a trace on any transaction type | Event | $15.00 | | Direct Credits | Deposit | $0.00 | | Telegraphic Transfer Fee (outward) - repair rejected — For a request to repair a rejected telegraphic transfer. | Payment | $25.00 | | Vouchers and other records for searching - General search — each hour (minimum $30) General search of records | Event | $60.00 | | Telegraphic Transfer Fee (outward) - trace — For a request to trace a telegraphic transfer. | Payment | $40.00 | | Dishonour Fee — (Outward) Charged to your account for each item dishonoured on the day when any drawing on your account (direct debit) is dishonoured due to lack of available funds or irregularity of drawing. | Dishonour | $15.00 | | Vouchers and other records for searching - Direct debit validation search — Direct debit validation search enquiry | Event | $30.00 | | Funds Transfer and BPAY | Payment | $0.00 | ## Features - **Unlimited transactions** (free funds transfer and BPAY) - **Offset account** (ability to offset interest costs against your nominated variable rate loan) - **Unlimited transactions** (free Direct Debits) - **no ongoing fees** - **no minimum monthly balance** - **Unlimited transactions** (free Pay Anyone payments) - **Under the Financial Claims Scheme (FCS) the Australian Government guarantees certain deposits up to $250 000 held with an authorised deposit-taking institution (ADI). The Home Loan Companion Account is issued by Bank of Queensland Limited, and as such, qualifying deposits placed into that account are covered under the government guarantee provided to Bank of Queensland Limited (the ADI)** - **Unlimited transactions** (free Direct Credits to the account) ## Eligibility - **Individuals only** (Personal customers only) ## More information from Virgin Money - [Overview](https://virginmoney.com.au/home-loans/compare-our-home-loans/home-loan-companion-account) - [Terms & conditions](https://virginmoney.com.au/home-loans/compare-our-home-loans/home-loan-companion-account) - [Eligibility](https://virginmoney.com.au/home-loans/compare-our-home-loans/home-loan-companion-account) - [Fees & pricing](https://virginmoney.com.au/home-loans/rates-and-fees) ## Data provenance - Published by Virgin Money under the Consumer Data Right - Product ID: `d9176288-5c03-ee11-8f6e-00224814dce7` - Last updated by the provider: 16 March 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/virgin-money/d9176288-5c03-ee11-8f6e-00224814dce7 - Provider page: https://www.cdrcompare.au/brands/virgin-money - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000245 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/virgin-money/products/d9176288-5c03-ee11-8f6e-00224814dce7) — product data published by Australian data holders under the Consumer Data Right. 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