The Finance Algorithm
Virgin Money Australia logoVirgin Money Australia

Home Loan Companion Account

Our Home Loan Companion Account is a simple account designed primarily for offsetting against your home loan balance but also to assist with settlement of your loan

Savings & transaction accountsBank updated 16 Mar 2026
Apply at Virgin Money ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Monthly fee
$0

Fees

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

While you hold it1

  • Account Maintenance Fee
    No fee

When you make a transaction9

  • Direct Credits
    No fee
  • Direct Debits
    No fee
  • Funds Transfer and BPAY
    No fee
  • Pay Anyone
    No fee
  • Telegraphic Transfer Fee (outward) - Credit

    For credit of an account with another financial institution.

    $30
  • Telegraphic Transfer Fee (outward) - recall

    For a request to recall a telegraphic transfer.

    $25
  • Telegraphic Transfer Fee (outward) - repair rejected

    For a request to repair a rejected telegraphic transfer.

    $25
  • Telegraphic Transfer Fee (outward) - trace

    For a request to trace a telegraphic transfer.

    $40
  • Telegraphic Transfer Fee (inward)

    For credit of an account with us in Australian Dollars

    $10

If a payment is late or fails1

  • Dishonour Fee

    (Outward) Charged to your account for each item dishonoured on the day when any drawing on your account (direct debit) is dishonoured due to lack of available funds or irregularity of drawing.

    $15

When particular things happen7

  • Overdrawn Account Fee

    each item paid, up to a maximum of once per account, per day. Charged to your account on the day where drawings are paid and the account subsequently becomes overdrawn without prior approved arrangem…

    $15
  • Stop Payments - Direct Debits

    Payable for either a temporary suspension or a permanent cancellation of the Direct Debit payment.

    No fee
  • Trace Request

    For each request to perform a trace on any transaction type

    $15
  • Vouchers and other records for searching - Direct debit validation search

    Direct debit validation search enquiry

    $30
  • Vouchers and other records for searching - General search

    each hour (minimum $30) General search of records

    $60
  • Vouchers and other records for searching - Location and photocopying

    Location and photocopying

    $12
  • Vouchers and other records for searching - Privacy Act

    each hour (GST inclusive) Privacy Act - access request

    $66

Features

Offset accountUnlimited transactions
  • no ongoing fees
  • no minimum monthly balance
  • Under the Financial Claims Scheme (FCS) the Australian Government guarantees certain deposits up to $250 000 held with an authorised deposit-taking institution (ADI). The Home Loan Companion Account…

Eligibility and limits

  • Available to individuals

Published by Virgin Money under the Consumer Data Right, last changed by them on 16 Mar 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.