WealthPersonal FinanceHome loansASIC’s warning to households: check your offset accountBank glitches are costing mortgage holders thousands in unnecessary interest and adding years to their home loans. Here’s how to audit yours.Jul 29, 2026 – 8.07amA number of the nation’s biggest banks have been caught shortchanging the millions of Australians with $349.1 billion sitting in offset accounts.Administrative errors mean customers are unknowingly paying thousands of dollars in extra interest and adding years to the life of a loan.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Personal financeFetching latest articlesMost Viewed In Wealth