Heritage Bank Mortgage Crusher

Reduce the term of your mortgage with a transaction account from Heritage Bank.

Australians with a home loan through Heritage Bank can use their everyday banking balance to reduce their monthly payments. A 100% offset account is a transaction account where the entire balance is deducted from the principal of your home loan before interest is applied. By lowering the amount of your loan, you effectively lower the amount of interest due to the bank each month.

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Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameHeritage Bank Mortgage Crusher
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, Fitbit Pay, Garmin Pay

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

If your regular repayments stay the same during low interest rates, more money is applied towards the principal balance with each repayment, shortening the terms of your home loan over time.

Key features

Account keeping fee

There are no monthly account keeping fees deducted from your account.

Transaction fees

The following transactions are allowed an unlimited number of times each month for no fee; online banking, phone banking, SMS account enquiries, direct credits, direct debits, cheque deposits, cash deposits at a branch, BPAY, and counter cash withdrawals and transfers.

How to apply


Before you can apply for the Heritage Bank Mortgage Crusher, you need to be a home loan customer with Heritage Bank and fill out an Offset Account Link form. This form can be accessed on their website, but there are also other eligibility requirements you should be aware of first:

  • Home loan type. The 100% offset account is only offered to customers with the standard variable home loan. If you have a different loan product or a personal loan with Heritage Bank you may want to consider the Loan Offset account instead. This is not a 100% offset account, but it does take a percentage of your balance off of your principal mortgage amount.
  • Membership number. Your Mortgage Crusher Account and standard variable home loan must both be held under the same membership number.

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