CBA Offset Accounts Individual Names for Joint Loans

Donaldhump on 13/08/2017 - 21:51
Last edited 14/08/2017 - 09:46 by 1 other user

Can anyone with a cba home loan verify if you can have offset accounts in seperate names

Ie home loan is A and B

Offset account in name of A
And offset account in name of B

Thanks

Related Stores

Commonwealth Bank

• 

  CheapSticks on 14/08/2017 - 00:23

  -1

  not possible whether with our without CBA.

  • 

    Donaldhump on 14/08/2017 - 00:39

    Source

    • 

      CheapSticks on 14/08/2017 - 01:16

      Because i tried doing it :)

      Spoke to a solicitor, broker and bank !

      • 

        BensonP on 14/08/2017 - 06:04

        +1

        Absolutely not true.

        I am with Commonwealth, and have this exact setup.

      • 

        CheapSticks on 17/08/2017 - 12:20

        @BensonP:

        Perhaps Westpac is different. I need to have another chat and may be move bank if they cannot do what CBA has done.

• 

  BensonP on 14/08/2017 - 06:17

  +1

  Yeah Commonwealth allows this.

  I have the same setup.

  You can also give access to the other person to move funds from your account, even though they aren't an account holder.

  • 

    Donaldhump on 14/08/2017 - 07:53

    Thanks, thought this was the case

    Does the mortgage just come out of a default/primary one, if u have multiple set up?

    • 

      BensonP on 14/08/2017 - 08:11

      +1

      You can choose where the repayment comes from when you set the loan up. (Including home insurance and packages.)

• 

  Adster01 on 14/08/2017 - 07:58

  +1

  Yes, definitely possible. I had an offset account setup in my own name, and my wife could not see it in internet banking (she wasn't happy lol).

  • 

    Donaldhump on 14/08/2017 - 10:21

    we need to talk

• 

  Mamaof3 on 14/08/2017 - 10:52

  +1

  Definitely possible. If you're under their Package you can also have multiple offset accounts. You can nominate repayments to come out from any account of your choice so the flexibility is definitely there if you need it.

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  lovetravellinginbiz on 14/08/2017 - 21:31

  Just open a MISA account and an Everyday Offset account.