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jmstip
jmstip
New Member

Offset account in individual names
Posted by jmstip jmstip

on ‎27-01-2018 10:53 PM

Message 1 of 2 851 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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DanaeC
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Re: Offset account in individual names
Posted by DanaeC DanaeC

on ‎29-01-2018 10:50 AM

Message 2 of 2 842 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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Bankwest SWIFT code: BKWAAU6P
© 2018 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.