https://offsetcheck.com/blog/ The working, shown. How banks calculate home-loan interest and offset benefits, how to check the figures yourself, and what we find when we do. en-au Sat, 29 Aug 2026 09:00:00 +1000 https://offsetcheck.com/blog/offset-account-errors.html https://offsetcheck.com/blog/offset-account-errors.html Sat, 29 Aug 2026 09:00:00 +1000 Never linked, linked late, wrong loan, delinked by a refinance — banks have paid $55M+ for offset failures. The 7 common offset errors, and what each costs. https://offsetcheck.com/blog/how-offset-interest-is-calculated.html https://offsetcheck.com/blog/how-offset-interest-is-calculated.html Mon, 24 Aug 2026 09:00:00 +1000 Daily interest = (loan balance − offset balance) × annual rate ÷ 365, charged monthly. A complete worked example — $600,000 at 6.00% with $50,000 offset — shown line by line, including where a cent can legitimately go missing. https://offsetcheck.com/blog/what-is-an-offset-account.html https://offsetcheck.com/blog/what-is-an-offset-account.html Mon, 24 Aug 2026 09:00:00 +1000 An offset account is a transaction account linked to your home loan. The bank subtracts its balance from your loan when it calculates interest — every day. Here is exactly how that works, with the arithmetic shown.