Essentials Offset Account
Our Essentials Offset Account is available to customers looking to offset their loan with a convenient and accessible transaction account.
Category: Transaction & Savings Accounts Last Updated September 27, 2024 Effective June 3, 2026
General Lending Rates
No product information is currently listed. Please make contact with us for more information.
Product Features
- Card Access
- Digital Banking Additional Information: Funds available 24 hours a day, 7 days a week through internet banking, ATM and EFTPOS anywhere in Australia
- Offset
Product Eligibility
- Other Additional Information: Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements. Minimum opening balance of $50. To be eligible and get the benefits from the offset arrangement: - The Customer must hold an Essentials Home/Investment Loan in addition to the Essentials Offset Account. - The Customer must request to link their Essentials Home/investment Loan and Essentials Offset Account in writing to ABAL. - The Customer’s Essentials Offset Account must be in the same name as the - Customer’s Essentials Home/Investment Loan account. - The Customer’s Essentials Offset Account must not currently be linked to any other loan held by the Customer with ABAL. - The Customer’s Essential Home/Investment Loan must be regulated by the National Credit Code.
Bank Fees and Charges
- Monthly Account Keeping Fee (Periodic), Amount: 10.00.
Limitations & Restrictions (Constraints)
- Opening Balance of 50.00
