The Finance Algorithm
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100% Loan Offset

A transaction account which offsets eligible home loans.

Savings & transaction accountsBank updated 15 Sept 2026

At a glance

Monthly fee
$7.50

Rates

The one rate The Mutual Bank publishes for this account.

TypeApplies toTermBandRateComparisonConditions
VariablePenalty Interest will be charged on overdrawn accounts.---0.00%--

Fees

17 fees published, grouped by when they're charged.

While you hold it1

  • 100%_OFFSET_ACCOUNT

    Monthly account keeping fee. Waived if Package Home Loan held.

    $7.50 a month

When you make a transaction5

  • ATM_OWNER_FEE

    This fee amount is disclosed at the time of the ATM transaction and charged by the ATM owner for an ATM transaction including an ATM enquiry.

    Varies
  • REPLACEMENT_CARD_FEE_-_VISA_DEBIT_CARD

    $Nil - Payable if you request a replacement Visa Debit Card.

    Varies
  • UNCLAIMED_MONIES_FEE

    The lessor $20.00 or account balance. Payable when an account is classified as dormant.

    $20
  • FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE

    A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card.

    1.00% of transaction
  • PHYSICAL_FOREIGN_CURRENCY

    1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased.

    1.00% of transaction

When particular things happen11

  • CHEQUE_DISHONOUR

    A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured.

    $9
  • DIRECT_ENTRY_DISHONOUR

    Payable when a direct entry (inward and outward) is dishonoured.

    $9
  • DOCUMENT_FEE

    $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Accoun…

    $60
  • DORMANT_ACCOUNT_FEE

    This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance.

    $20
  • FINANCIAL_INSTITUTION_CHEQUE

    Payable when you request us to issue a financial institution cheque.

    $2.50
  • MISCELLANEOUS_SERVICE_FEE

    $60.00 per hour. Payable if you request information not covered by the Document Fee.

    $60
  • ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD)

    Payable if you use online banking to transfer funds internationally.

    $30
  • OVERDRAWN_FEE

    If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be cha…

    $9
  • OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY

    Payable if we assist you send funds electronically overseas in Australian dollars.

    $50
  • OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY

    Payable if we assist you send funds electronically overseas in a foreign currency.

    $30
  • REPLACEMENT_CARD_FEE_(INTERNATIONAL)

    Payable if you request a replacement card when overseas via Visa Global Cardholder Assistance Service (GCAS), payable when the request is processed.

    $100

Features

Offset accountInstant paymentsPayIDDigital bankingUnlimited transactionsApple Pay & Google Pay
  • Staff assisted transactions - Branch and Contact Centre

Eligibility and limits

  • Minimum age 18
  • Residency: Australian citizen or a permanent resident of Australia or otherwise approved
  • Available to individuals
  • Must hold an eligible variable rate Mutual Bank loan - Package Home Loan or Standard Home Loan

Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 15 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.