Young girls playing on a skateboard.

Give the interest you pay a push in the right direction.

Young girls playing on a skateboard.

Can help reduce interest payable on your home loan.

A day-to-day digital banking account.

Zero local online transaction fees.

Access to our award-winning app.

For whatever you need, for whatever’s ahead, the Home Loan Offset account is the way to manage your day-to-day banking to reduce the interest payable on your home loan.

The Home Loan Offset account also gives you zero local online transaction fees, extensive digital banking choices and access to our award-winning app.

Key features.

  • No monthly account-keeping fees.
  • Access to fee-free cash withdrawals at Defence Bank ATMs and also at all big four banks Australia wide - ANZ, Commonwealth Bank, Westpac and NAB.
  • All the convenience of digital banking.
  • Faster, simpler ways to make payments.
  • Your choice of Camo-coloured Visa Debit card.
  • Immediate transfers between institutions.
  • Compatible with digital wallets from Apple, Fitbit, Garmin, Google and Samsung.

The Home Loan Offset account works by using 100% of the balance to ‘offset’ or effectively reduce the portion of your home loan accruing interest. For example, if your Defence Bank home loan had a balance of $150,000 with $30,000 linked to our Home Loan Offset account, you would only pay interest on $120,000 of your loan balance.


To get everything running super smoothly, you’ll need to have the facility set up by your home loan consultant. Or contact your nearest branch or our Contact Centre on 1800 033 139 to arrange.

It's easy to update your pay.

Once you're a Defence Bank member, provide your employer with our BSB (833 205) and your Everyday Access account details, (account number and name), then confirm when you would like them to commence depositing your pay to the account.

Wondering how to change your banking details in PMKeyS?

For our members in the ADF, follow the below steps to update your details in PMKeyS.

  1. Log into PMKeyS.
  2. Navigate to ‘My Pay’ and click on the ‘ADF Banking Details’ tab.
  3. From here you can either create new banking instructions from a date of your choosing or modify existing banking instructions.
  4. Save your changes.

We may change our fees and charges and interest rates from time to time. For more details on our fees and charges, refer to the Fees and Charges Schedule (Domestic Transactions) and Fees and Charges Schedule (Overseas Transactions). For more details on interest rates, refer to the relevant interest rate schedule.

We also publish a brochure - ‘Tips on Reducing your Banking Fees with Defence Bank’ - which can be obtained via, by visiting your local branch or calling 1800 033 139.

All products except foreign currency facilities and insurance are issued by Defence Bank. Before acquiring a product, Defence Bank recommends you read the relevant terms and conditions relevant to the product, All documents are located here.

Any advice contained on this website is general advice only and does not take into account your needs, objectives or your financial situation.

Defence Bank’s Target Market Determination can be viewed here.

See our range of DHOAS-compatible owner-occupier home loans.
Use our home loan calculators to see how your dream home fits into your budget.
Any questions? Speak to our experienced, helpful staff.
Find a home loan consultant at a branch near you.

Frequently asked questions.

You may also like...

DHOAS home loans.
Home and contents insurance.
Our award-winning app.
Digital wallet.
Not a member? Join Defence Bank now.
Our award-winning app gets you banking on the go.
Visit a branch and discuss your finances face-to-face.
Need to talk to someone right away? Call us now.