At a glance

100% OFFSET 
Reduce interest on your home loan
$ 0 
Minimum balance required
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.

Offset your mortgage

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

Access your money

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

Interest calculated daily

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

Free ATM withdrawals

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 transactions

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

No minimum monthly deposit or balance

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

Visa Debit Card

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


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


Monthly Card Fee (Visa Debit)


Teller Withdrawals


Cheques Written


BOQ Balance Enquiry




Other Bank ATM Withdrawal*




Funds Transfer


Single/Multi pay anyone


*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.


Important information

For important information on our Mortgage Offset Account, view our Terms and Conditions.

Ready to apply?

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