Why has my home loan balance changed without new transactions?

You might have noticed purchases are not charged to your Everyday Transaction Account straight away and that your home loan balance sometimes changes slightly after those purchases. That’s normal – here’s why and what that means for your home loan repayments.

When you make a purchase it’s not charged to your account immediately. Which is why you’ll sometimes see pending transactions in your Everyday Transaction Account transaction list.

However, once a purchase is charged to your account, it’s backdated to the day you made the transaction.

When your Everyday Transaction Account is acting as an offset account and if a loan repayment occurs on or after the same date to which a transaction was backdated, the loan repayment needs to be recalculated to ensure your interest charges are correctly offset by the right amount. 

But to simplify and shorten home loan statements and transaction listing we don’t display every re-run repayment and balance adjustment and only display the current correct balance and repayments.

That’s why you’ll sometimes see your home loan balance change without new transactions.