Add, change or remove an offset account | How to guide - NAB
Things you should know about offset accounts
- Eligible variable rate home loans can have eligible transaction accounts, such as a NAB Classic Banking account, linked to offset the interest component charged on the home loan.
- During a fixed rate period on a home loan, the linked transaction account will not offset the home loan interest.
- Only named borrowers on an eligible variable rate home loan can be named on the linked eligible transaction account, for the account to function as an offset.
- Up to 10 eligible transaction accounts may be linked to a single eligible home loan to operate as offset accounts. Each transaction account can be linked to one home loan only.
- Learn how an offset works to make the most out of your variable rate home loan.
Steps to link or change your offset accounts
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Log into the NAB app and select your home loan account.
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Tap on the Manage button, then tap Manage offset accounts.
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Review the offset account benefits and trade-offs, then tap Manage offset account(s).
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Select or deselect eligible offset accounts and tap Review changes.
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Review the changes and important information, and tap Agree and submit changes.
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Your changes will be confirmed.
To view your linked offset accounts and interest saved, scroll down to the Linked offset accounts section in your home loan account screen.
How to open a new account to use as an offset account
If you don’t have a transaction account that you can link to an eligible home loan as an offset account, you’ll need to open one. You can use the NAB app to easily open a new account.
Once your account is set up and ready, you can then link it to your home loan using the previous steps to link offset accounts.
Need to remove an offset from a fixed rate home loan?
Currently, changes can’t be made to fixed rate home loans in the NAB app or NAB Internet Banking.
For help with this change, call us on 13 78 79 to speak to a home loan expert.
Don’t have the NAB app?
Download the app today for a more convenient banking experience.
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NAB Choice Package eligibility
Important: The NAB Choice Package Home Loan is no longer available for sale from 23 February 2023 for broker customers, from 17 March 2023 for retail (direct to bank) customers and from 18 August 2023 for customers with a Business or Private Wealth relationship with NAB, unless they have a current NAB Choice Package which is established before the respective off-sale date (and which remains ongoing).
These products are issued by National Australia Bank Limited.
NAB recommends you consider the NAB Internet Banking terms and conditions document, before making any decisions regarding this product.
The NAB Mobile Banking app is compatible with Android and iOS, minimum platform requirements apply. Android is a trademark of Google LLC. The Google Logo is a registered trademark of Google Inc. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license.