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Offset account fees

Posted by Daver Daver
Message 1 of 3 541 Views

I just received notice that my offset account will receive a new $10 per month offset fee (my current $3.99 per month fee will be waived when this is charged). Is this being applied to all offset accounts or only a selected ones?

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Re: Offset account fees

Posted by SarahF SarahF
Message 2 of 3 514 Views

Hi @Daver, thanks for contacting us in regards to this. Customers who have a Lite Direct Account set up as an Offset account will be charged an offset fee of $10 from March 1, 2017. This fee, which is in line with offset fees charged on other Bankwest products, has been introduced to manage the cost involved with maintaining an offset facility. We do have a home loan package which waves the offset fee. You can view these details here. If you would like to discuss your particular situation to review your home loan with us please call us on 13 17 19

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Re: Offset account fees

Posted by Lindsay Lindsay
Message 3 of 3 427 Views

Seriously? If you charge $120 per year for having an offset account the n what exactly is the point of having an offset account?? 

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