Virgin 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
At a glance
- Pricing
- Rates on application
- Monthly fee
- $0
§ 02 — Fees · 18
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Direct Credits | Deposit | No fee | — | — |
| Dishonour Fee | Dishonour | $15 | — | (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. |
| Overdrawn Account Fee | Event | $15 | — | 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… |
| Stop Payments - Direct Debits | Event | No fee | — | Payable for either a temporary suspension or a permanent cancellation of the Direct Debit payment. |
| Trace Request | Event | $15 | — | For each request to perform a trace on any transaction type |
| Vouchers and other records for searching - Direct debit validation search | Event | $30 | — | Direct debit validation search enquiry |
| Vouchers and other records for searching - General search | Event | $60 | — | each hour (minimum $30) General search of records |
| Vouchers and other records for searching - Location and photocopying | Event | $12 | — | Location and photocopying |
| Vouchers and other records for searching - Privacy Act | Event | $66 | — | each hour (GST inclusive) Privacy Act - access request |
| Direct Debits | Payment | No fee | — | — |
| Funds Transfer and BPAY | Payment | No fee | — | — |
| Pay Anyone | Payment | No fee | — | — |
| Telegraphic Transfer Fee (outward) - Credit | Payment | $30 | — | For credit of an account with another financial institution. |
| Telegraphic Transfer Fee (outward) - recall | Payment | $25 | — | For a request to recall a telegraphic transfer. |
| Telegraphic Transfer Fee (outward) - repair rejected | Payment | $25 | — | For a request to repair a rejected telegraphic transfer. |
| Telegraphic Transfer Fee (outward) - trace | Payment | $40 | — | For a request to trace a telegraphic transfer. |
| Account Maintenance Fee | Periodic | No fee | Every 1 mo | — |
| Telegraphic Transfer Fee (inward) | Transaction | $10 | — | For credit of an account with us in Australian Dollars |
§ 03 — 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…
§ 04 — Eligibility & limits
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
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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.