Choice Mortgage Offset Account

 General Lending Rates

 Product Features

• Card Access Additional Information: Our Visa Debit Card offers quick, secure and convenient access to your money in person, online, overseas and over the phone. Enjoy the convenience of paying directly from your account, with all of the security you would expect from Visa.

• Unlimited Txns Additional Information: Unlimited electronic transactions available on your account

• Npp Payid Additional Information: Get faster payments between participating banks, anytime with a Pay ID

• Npp Enabled

• Offset

• Other Additional Information: Must be linked to eligible mortgage product.

• Other Additional Information: Securely lock your debit card in the GCMB App while you look for it and unlock it again when you find it

 Product Eligibility

• Residency Status - Permanent Resident. Additional Information: You must be an Australian resident

• Natural Person

 Bank Fees and Charges

• Monthly Account Fee (Periodic), Amount: 5.00. Additional Information: Members are exempt from the monthly fee if they: A) Maintain a minimum business balance of $5,000 which is the combined balance of all deposits & borrowings, at all times throughout the month B) Under 25 years or over 65 years C) Held their membership for less than 3 months D) Have zero VISA debit transactions for the month including ATM, eftpos, paywave, digital wallet, online and phone purchases

• Eftpos Decline Fee (Transaction), Amount: 1.00. Additional Information: A fee charged if you don't have enough money in your account for an EFTPOS transaction

• Atm Insufficient Funds (Transaction), Amount: 1.00. Additional Information: A fee charged if you don't have enough money in your account for an ATM withdrawal

• Outward Rtgs Payment Fee (Withdrawal), Amount: 30.00. Additional Information: A Processing fee charged when you require funds to be sent straight away

• Inward Rtgs And Swift Payment Fee (Deposit), Amount: 10.00. Additional Information: A processing fee charged when you receive funds through this channel

• Paper Statement Fee (Periodic), Amount: 2.00. Additional Information: A fee charged to cover the cost of producing and sending paper statements

• Dormancy Fee (Periodic), Amount: 20.00. Additional Information: A fee charged if your account remains inactive for 7 years, and we will treat your account as dormant. We have a legal obligation to remit dormant balances exceeding $500 to ASIC as unclaimed money

• Direct Debit Honour Fee (Payment), Amount: 15.00. Additional Information: A fee charged when you have insufficient funds in your account but we honour the transaction for you and overdraw your account

• Direct Debit Dishonour Fee (Transaction), Amount: 17.00. Additional Information: A fee charged when you have insufficient funds in your account and we are unable to honour the transaction for you

• Quickdebit Dishonour Fee (Transaction), Amount: 20.00. Additional Information: A fee charged when you have insufficient funds in your account and we are unable to honour the Quick Debit transaction for you

• Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount

• Emergency Cash/card Visa Debit (Variable), Amount: 0.00. Additional Information: Third party fee charged when you need an emergency replacement card delivered to you (fee is charged at cost)

• Telegraphic Transfer - Service Centre (Transaction), Amount: 30.00. Additional Information: A fee charged for a staff assisted foreign transfer

• Telegraphic Transfer - Online (Transaction), Amount: 20.00. Additional Information: A fee charged for an online foreign transfer

• Telegraphic Transfer - Australian (Transaction), Amount: 50.00. Additional Information: A fee charged for an online Australian transfer

• Visa Cash Advance Fee (Transaction), Amount: 4.00. Additional Information: A fee charged for cash advances and overseas transactions will attract an additional currency conversion fee