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Offset account in individual names

Posted by jmstip jmstip
Message 1 of 2 429 Views

Just wondering if offset accounts can be held in individual names.

Ie loan account is held by Bob and Jane Smith, is an offset account in Jane's name only possible?

 

For reference I have the complete variable home loan 

 

Thank you 

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Re: Offset account in individual names

Posted by DanaeC DanaeC
Message 2 of 2 420 Views

Hi @jmstip, great question. You are certainly able to hold Offset accounts in individual names, even the loan itself is in joint names. You can have up to 9 Offset accounts linked to any one loan, I hope this helps!

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