Everyday Offset

Everyday Offset is a transaction account which is linked to an eligible home loan, and account holder(s) must also be account holders of the linked home loan. Interest is not charged on the part of the Home Loan balance equal to the Transaction account. Full terms and conditions for transaction and savings accounts are available at CommBank.com.au or from any branch of the Commonwealth Bank. Fees and charges apply.
Category: Transaction & Savings Accounts  Last Updated June 3, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information The interest rate that applies on overdrawn amounts. This is calculated daily and charged monthly.
Interest Rate
14.90% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Card Access
  • Card Access Additional Information: Use instore, online and withdraw local currency at millions of locations, everywhere Mastercard is accepted. Choose a Debit Mastercard with your CommBank account and pay for things using your card, smartphone or wearable. You may receive access to other features and benefits associated with your Debit Mastercard subject to eligibility, approval and terms and conditions.
  • Additional Cards Additional Information: We may limit the number of cards that may be issued or linked to a single account or customer profile.
  • Card Access Additional Information: World Debit Mastercard is a premium debit card that can be linked to your CommBank transaction account, and can be used everywhere Mastercard is accepted. Enjoy additional exclusive features and benefits with the World Debit Mastercard, subject eligibility, approval, and terms and conditions. Fees apply.
  • Loyalty Program Additional Information: CommBank Yello provides benefits for eligible CommBank customers, subject to terms and conditions.
  • Other Additional Information: Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
  • Digital Banking Additional Information: Wherever you are in the world, CommBank gives you the choice and control to securely manage all of your accounts on a range of devices, the way you want.
  • Npp Payid Additional Information: Get faster payments between participating banks, anytime with a PayID.
  • Npp Enabled Additional Information: Pay and receive near real-time payments.
  • Other Additional Information: There is no minimum balance needed for the offset to be applied to your home loan.
  • Other Additional Information: Maximise the benefits of offsetting by linking multiple Everyday Offsets to a Standard Variable Rate Home Loan or Investment Home Loan, provided they're in the name(s) of the loan borrowers. Each Everyday Offset can only be linked to one home loan at a time. Existing eligible CommBank accounts can be switched to an Everyday Offset.
  • Other Additional Information: You are not required to have a card to use this product.
  • Other Additional Information: An Everyday Offset can be linked to a Standard Variable Rate Home Loan (Owner Occupied or Investment), Digi Home Loan or Simple Home Loan. Any money you put into your Everyday Offset reduces the balance on which we charge interest. However, you do not earn interest on the balance in your Everyday Offset, even if the balance exceeds the balance of the home loan.

 Product Eligibility

  • Other Additional Information: Available to personal customers with a Standard Variable Rate Home Loan or Investment Home Loan.
  • Other Additional Information: Everyday Offset must be in the same name(s) as the borrowers on the home loan. You can open an Everyday Offset in your name or jointly with your Co-Borrower(s).

 Bank Fees and Charges

  • Unpaid Cheque Or Debit Fee (Event), Amount: 5.00. Additional Information: When we dishonour a cheque or debit presented to us because there isn't enough money in your account.
  • Transaction Listing Or Ad-hoc Paper Statement Fee (Event), Amount: 2.50. Additional Information: A fee charged for paper copies of your transaction listing, past statements or ordered statements.
  • Overdraw Fee (Event), Amount: 15.00. Additional Information: A fee charged when you exceed the available funds in your account or any agreed overdraft limit on a given day. Additional interest may apply on overdrawn amounts.
  • Account Fee (Periodic), Amount: 0.00. Additional Information: There is no Monthly Account Fee.
  • Paper Statement Fee - Standard Cycle (Periodic), Amount: 0.00. Additional Information: There is no charge for paper statements issued within our standard cycle (six months).
  • Access Fee - Overseas Atms (Withdrawal), Amount: 2.00. Additional Information: When you take money out at ASB ATMs in NZ or CommBank ATMs outside Australia.
  • Access Fee - Overseas Cash Withdrawals (Withdrawal), Amount: Not Listed.. Additional Information: Any other cash withdrawals overseas will incur a $5.00 fee plus 3.5% of the transaction value.
  • Access Fee - Overseas Purchases (Purchase), Amount: Not Listed.. Additional Information: Purchases made overseas or in Australia (e.g. online), where the merchant is located overseas or the financial institution or entity processing transaction is located overseas.
  • Staff Assisted Withdrawals (Withdrawal), Amount: 0.00.
  • Cba Atm Cash Withdrawals In Australia (Event), Amount: 0.00. Additional Information: Free
  • Cheque Negotiated Fee (Transaction), Amount: 0.00. Additional Information: When you write a cheque that needs to be negotiated through the clearing system.
  • Monthly Card Fee (Event), Amount: 10.00. Additional Information: A monthly card fee for Debit Mastercard holders with an approved World Debit Mastercard.

 Document Downloads