What is the difference between offset and redraw?


Liron Nehmadi
Jun 24, 2016( 1 min read )

The difference between an offset and redraw account is that an offset account is intended to work as a transaction account that can be accessed whenever you need. A redraw facility on the other hand is more like an “emergency fund” of money that you can draw on if needed but isn’t used for everyday expenses.


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