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Mortgage offset feature

The Bank Australia Mortgage Offset helps you reduce the amount of interest paid on your home loan.

What’s on this page

What is an offset account?

It’s an everyday transaction account that’s linked the account to your home loan. 

Why have an offset account?

The entire balance in your account is offset against your home loan balance before your loan interest is calculated. It helps to reduce the amount of interest you pay on your home loan. 

Read more about how home loan offsets work.

Which home loans is it for?

Premium Home Loan Package and our Clean Energy Home Loan.

Benefits of the offset

  • No monthly account fee 
  • Reduces the interest on your home loan
  • Account can be linked to a Visa Debit card
  • Add to digital wallet for payments on your mobile 
  • Link your home loan to our round up feature
Round UP is an optional feature where any eligible purchase you make using your Visa debit card is rounded up to the nearest dollar. The extra amount credited to your nominated Savings, Mortgage Offset or eligible Visa Credit card.

How do I get an offset? 

When you apply for a Bank Australia home loan, you can tick the box to open the account and we’ll link the accounts for you. If you’re already with us and don't have the offset yet, you can open the account in the app or internet banking, and contact us to do the rest. 


Is this product right for you? Find out more.

Learn more about everyday account features

Take a look at Everyday Access to learn about all the features you get with a Bank Australia Mortgage Offset.