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If you’re looking for a way to minimise the interest payments on a home or investment loan, a mortgage offset account could be the perfect solution. The BDCU Alliance Bank Home Loan Offset Account is a transaction account that offers all the features you’d expect from an everyday account, including no ongoing fees and a number of easy access options.
$0
Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
3%
Overseas transaction fee
of transaction value
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Product Name | BDCU Alliance Bank Home Loan Offset Account |
---|---|
Monthly account fee | $0 |
Card access | Visa |
ATM Withdrawal Fee | $0 |
International transaction fee | 3% |
Monthly deposit required to waive account fee | N/A |
Contactless Payments | Google Pay, Apple Pay, Samsung Pay |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This account is suited to customers who have a home loan with BDCU alliance Bank. It acts as a 100% offset account, offsetting the interest payable on a home or investment loan. The account can be linked to three different home loans offered by BDCU Alliance Bank, allowing you to save money and pay off your loan sooner.
As an added benefit, there's no monthly account keeping fee charged. The account comes with debit card access, so you can use it as your day-to-day transaction account while it's also offsetting your home loan interest at the same time.