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BDCU Alliance Bank Home Loan Offset

Reduce your home loan interest payments and take advantage of no monthly fees with a BDCU Alliance Bank Home Loan Offset Account.

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.

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Alison Banney
Last Updated

$0

Account keeping fee

$0

ATM withdrawal fee

$5

Overseas ATM withdrawal fee

3%

Overseas transaction fee

of transaction value

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Details

Product NameBDCU Alliance Bank Home Loan Offset Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5 + 3%
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

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.

Key features

100% offset account

The BDCU Alliance Bank Home Loan Offset is an everyday account that offers fee-free everyday banking as well as the flexibility to use your account balance to offset the amount owing on your home loan. For example, if you have a home loan of $500,000 but a balance of $20,000 in your offset account, you will only have to pay interest on $480,000 instead of the full loan amount.

Eligible home loans

The BDCU Alliance Bank Home Loan Offset can be attached to the following home loans offered by BDCU: Standard Variable Home Loan (Owner Occupied or Residential Investment), Interest Only Variable Home Loan (Owner Occupied or Residential Investment) and Residential Investment Variable Home Loan.

Compare other BDCU products

How to apply

If you'd like to reduce the interest payable on your home or investment loan with a BDCU Alliance Bank Home Loan Offset, click on one of the "Apply Now" links on this page. You will be redirected to the BDCU Alliance Bank website where you can read the full terms and conditions of the account and also find out how to apply.

Eligibility

Before you apply for a BDCU Alliance Bank Home Loan Offset, check whether you meet the following eligibility criteria:

  • Age requirements. You must be at least 18 years of age to open a BDCU Alliance Bank Home Loan Offset.
  • Residency requirements. You need to be an Australian resident to apply.

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