NORTHERN INLAND CREDIT UNION LTD.
Smart Offset
Reduce your home loan interest charged, by linking a Smart Offset account to your eligible mortgage. It 100% offsets against your eligible loan balance.
Savings & transaction accountsBank updated 8 Oct 2025
At a glance
- Base rate
- 0.00%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 15.75% | — | — |
| Variable | — | — | — | 0.00% | — | paid every 1 mo |
§ 02 — Fees · 13
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| ALERTS | Event | $0.25 | — | First 8 free |
| ATM_DECLINED_TRANSACTION | Event | $2.50 | — | This Fee is Rebateable and is added to other Rebateable Fees before the fee is applied. |
| BANK_CONFIRMATION | Event | $30 | — | — |
| DIRECT_DEBIT_DISHONOUR-REINSTATEMENT | Event | $12.50 | — | — |
| HONOURING_DIRECT_DEBIT | Event | $10 | — | — |
| OTHER_DOCUMENTS | Event | $50 | — | Per Hour |
| RETRIEVAL_OF_ELECTRONIC_DOCUMENTS | Event | $1.50 | — | Per Page |
| TRACE_FEE | Event | $28 | — | Refunded if Credit Union is at fault. |
| BANK@POST_TRANS | Transaction | $4 | — | First 5 free transactions per month for Members residing outside postcodes 2340, 2380 & 2390. |
| IN_BRANCH_TRANSACTION | Transaction | $2.50 | — | This Fee is Rebateable and is added to other Rebateable Fees before the fee is applied. |
| SWIFT_FEE_INBOUND | Transaction | $11 | — | Applicable when deposit/credit made to your account via the SWIFT system |
| SWIFT_FEE_OUTBOUND | Transaction | $25 | — | Applicable when a payment is sent from your account via the SWIFT system |
| VISA_ATM_WITHDRAWAL_OVERSEAS | Transaction | $2 | — | — |
§ 03 — Features
Offset accountInstant paymentsPayIDDigital bankingApple PayGoogle Pay
- · Give your accountant access to your financial statements via online accounting software such as Banklink and Xero
- · Access your personal account wherever you see an Australia Post retail outlet displaying the Bank@Post sign, if you have a card linked to the account on which you want to transact.
§ 04 — Eligibility & limits
- · Residency: AU
- · You must hold an eligible home loan product to have a Smart Offset account
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Northern Inland Credit Union Limited under the Consumer Data Right, last changed by them on 8 Oct 2025. 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.