Offset Account

At a glance

100% OFFSET

Reduce interest on your home loan

^$ 0

Minimum balance required

FREE

ATM withdrawals* and no account keeping fees

Why choose our Mortgage Offset Account

Put your money to work by using a 100% Mortgage Offset Account for transactional banking and savings to reduce the interest you pay on your home loan and pay off your mortgage faster.

Interest charged on your home loan is calculated on your loan balance, minus the funds held in your offset account.

The Mortgage Offset Account works like a normal transaction account, so you can access your money any time.

Interest is calculated on the daily closing balance of your home loan offset account - up to the outstanding balance of your home loan.

Fee free access to over 2,100 atmx by Armaguard ATMs, our preferred ATM network, as well as all BOQ Branch ATMs and some other Australian banks' ATMs

Unlimited cheques, withdrawals, BOQ balance enquiries, funds transfer and BPAY transactions

Deposit as much or as little as you want anytime, into your Mortgage Offset Account

Shop online, in-store, in Australia and overseas with your Visa Debit Card

Fees

At BOQ, we keep our fees to a minimum. Any fees we do have we’ll show you up front so there are no surprises.

Fee Type	Fee Amount
Account Maintenance Fee	Nil
Monthly Card Fee (Visa Debit)	Free
Teller Withdrawals	Free
Cheques Written	Free
BOQ Balance Enquiry	Free
BOQ ATM/EFTPOS fees	Free
Other Bank ATM Withdrawal*	Free
BPAY	Free
Funds Transfer	Free
Single/Multi pay anyone	Free

*Other fees (including other bank ATM and International Transaction fees) and charges may be payable. Please view the Personal Banking Guide to Fees and Charges below for more details.