People First Bank
Offset
An Offset Account is an everyday transaction account that can help reduce the interest charged on your home loan.
Savings & transaction accountsBank updated 5 May 2026
At a glance
- Pricing
- Rates on application
- Monthly fee
- $14
§ 02 — Fees · 27
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Access Token | Event | $20 | — | Applies for each active Access Token. Charged upon issue. |
| Conversion Fee | Event | 3.00% of transaction | — | Applies when a transaction is performed overseas using a Visa Card. Charged at the time of transaction. |
| Corporate Cheque Replacement | Event | $10 | — | Payable whenever a replacement corporate cheque is issued to replace a previously issued corporate cheque (e.g. if the cheque is lost or destroyed) |
| Corporate Cheque | Event | $10 | — | Charged each time a Corporate Cheque is issued. |
| Corportae Cheque Issue | Event | $10 | — | Applies in relation to any corporate cheque issued by us from your account |
| Direct Debit Dishonour Fee | Event | $5 | — | Applies when your account has insufficient funds to cover the amount of a direct debit. |
| Direct Debit Dishonour | Event | $5 | — | Applies when your account has insufficient funds to cover the amount of a direct debit. Charged on the day the direct debit is attempted. Not charged if Honour Fee is payable. |
| Direct Debit Honour | Event | $10 | — | Applies when a direct debit is paid from your account where insufficient funds are available. |
| Dormant (inactive fee) | Event | $20 | — | Applies when you do not have any activity on your account/s or membership, we may charge you a fee at the time we close your inactive accounts. |
| Duplicate/replacement Statement | Event | $10 | — | Applies when you request us to provide a copy of a statement that has already been issued (including where you request a paper copy of an eStatement). Charged at the time the statement is requested. |
| Emergency same day transfer | Event | $11 | — | Applies for when a new staff assisted same day transfer external or Heritage electronic payment is debited from your account. |
| Emergency Visa Card | Event | $300 | — | Applies when you request an urgent replacement Visa card to be issued while overseas. Applies per Card. |
| Emergency Visa Cash Advance Overseas | Event | $300 | — | Applies when you request an emergency cash advance without your Visa Card. |
| Frequent Statement Fee | Event | $2 | — | This fee applies to members who request a statement more regularly than the statement cycle specified in the Summary of Term Investment Accounts table in Chapter 7. Excludes eStatements, which are fr… |
| Others | Event | $1 | — | All People's Choice Credit Union Fees and Charges are referenced within the disclosure document linked below. |
| Overdrawn Administration Fee 1 | Event | $25 | — | Payable if you overdraw your account without an approved overdraft or line of credit and you fail to deposit funds to the account to clear all overdrawn amounts within 7 days of us notifying you that… |
| Overdrawn Administration Fee 2 | Event | $25 | — | Payable if you overdraw your account without an approved overdraft or line of credit and your account remains overdrawn for a period of 20 days or more. |
| Paper Statement Fee | Event | $3 | — | Applies to each paper statement issued as per the statement cycle specified. Excludes eStatements which are free of charge. |
| Qucik Debit Dishonour | Event | $5 | — | Applies when your account with another financial institution or your account with Heritage has insufficient funds to cover the value of the quick debit request. Quick Debit services available only on… |
| Replacement Card (lost, captured or damaged) | Event | $10 | — | Applies when a lost or damaged card is replaced. Fee is charged when the card is ordered. |
| Signature Verification | Event | $5 | — | Applies when you request to withdraw funds without sufficient identification. |
| Visa Cash Advance- Australia and Overseas | Event | $5 | — | Visa Cash Advances are withdrawals using your visa Card at Australian Bank branches, overseas Bank branches, overseas ATMs, National ATMs or Australia Post (using the credit account selection or acce… |
| Bank Cheque Fee | Other | $0 to $0 | — | Bank Cheque Fee at cost to People's Choice per cheque |
| Offset Account Fee (not linked to loan) | Periodic | $6 | Every 1 mo | Applies when an Offset Account is not linked to an eligible Loan |
| Offset Account Fee | Periodic | $8 | Every 1 mo | Only one fee will be charged per loan if multiple Offset Accounts are held and are linked to the eligible loan. Offset Account Fee |
| Auto Transfer Order Rejection | Transaction | $5 | — | Applies when your account has insufficient funds to cover a payment. |
| Electronic Auto Transfer Order | Transaction | $1.50 | — | Applies for when a new staff assisted external electronic payment is set up to debit from your account as a once off payment, including staff assisted transfers to a Heritage account. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsRelationship managerOverdraftThe Pays
- · Ability to transact via our branch network
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Permanent residents of Australia who reside in Australia at the time of membership application are eligible for membership, regardless of citizenship status.
- · Available to individuals
- · Offset accounts are avaliable on our eligible variable home loan products
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 5 May 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.