• RAMS Action with offset

    How you could pay less interest on your home loan

    By linking a RAMS Action account to your eligible RAMS home loan, you could pay less interest on your home loan.


    and open a RAMS Action with Offset

    • Apply online via myRAMS

      (for existing customers only)

      Opening an offset account is simple.

       Apply for offset account

      What information do I need upfront?

      Apart from personal information such as name, date of birth and Australian residential address, you’ll also need to provide:  

      • Australian mobile phone number 
      • Driver’s licence details (optional) 
      • Tax file number or exemption code (this is optional but if you choose not to provide it, we are required to deduct withholding tax at the highest marginal tax rate plus the Medicare levy)  

        We can even try to verify your identity online so you may not need to provide any or all paperwork. 


    • Eligibility criteria

      You need to have an eligible RAMS home loan to link to your RAMS Action offset account.  

      Other eligibility criteria:

      • Be natural person individuals (non-trustees) aged 18 and over only
      • Hold an eligible RAMS home loan
      • Register or be registered for RAMS online banking
      • Be an Australian resident for taxation purposes with an Australian residential address
      • Hold a valid email address and Australian mobile phone number

      • By linking a RAMS Action account to  your eligible RAMS home loan, you could pay less interest on your  home loan
      • No monthly fee1 or minimum balance or fixed term requirements 
      • Online convenience with myRAMS - view and manage your savings online (subject to systems availability) 
      • Debit card with eftpos Tap and PayTM  for use at any ATM2 or eftpos terminal across Australia
      • Any credit balance in your RAMS Action account is offset 100% against what you owe on your eligible RAMS home loan
      • Over time, savings in this account could help reduce loan interest

      Like to know more?

      • Call 13 RAMS – our Australian based customer service centre (that’s 13 7267)
      • See our Contact us page for opening hours and mailing address
  • Things you need to know:

    ® Registered to BPAY Pty Ltd ABN 69 079 137 518. 1Other fees and charges may apply. Please refer to the RAMS Deposit Rates and Fees.

     2Some institutions may charge a fee for use of their ATMs. 

    RAMS Financial Group Pty Ltd ABN 30 105 207 538 AR 405465 Australian credit licence 388065 promotes and distributes RAMS deposit products as an authorised representative of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (“Westpac”). Westpac is the credit provider for RAMS home loans and the issuer of RAMS deposit products.