ASIC exposes mortgage offset blunder across major Australian banks

Open accessibility guideSkip to sections navigationSkip to contentSkip to footerThe Sydney Morning Herald logoThe Sydney Morning Herald logoAdvertisementNationalASIC has exposed widespread multimillion-dollar failures across major lenders involving mortgage offset accounts.Updated July 29, 2026 — 7:04pm,first published 7:01pmLoadingLatest in VideosVideo icon1:11Murderer gives evidence in trial of prison officer accused of raping inmateVideo icon1:22Joey 'surprised' as Panthers star axedVideo icon0:34Short-lived absence for returning Wallabies starVideo icon3:10Police officer recovering after alleged stabbingAdvertisementThe Sydney Morning Herald logoTwitterFacebookInstagramRSSOur SitesThe Sydney Morning HeraldThe AgeBrisbane TimesWAtodayThe Australian Financial Reviewnine.com.auDriveClassifiedsTributesPlace your adThe Sydney Morning HeraldContact & supportAdvertise with usNewslettersAccessibility guideSitemapPhoto salesPurchase front pagesContent licensingWork with usTerms of usePrivacy policyPress CouncilCharter of Editorial IndependenceAI Editorial GuidelinesProducts & ServicesSubscription packagesMy accountSubscriber FAQsDelivery statusToday’s PaperGood Food GuideDaily PuzzlesCopyright © 2026Subscribe