Changes to Pay Anyone functionality

What’s changing? From 4 August 2025, Bluestone, Connective Elevate and Mortgage Choice Amplify customers will only be able to transfer funds from your offset or redraw to their nominated account, this is the same account direct debit repayments are taken from. 

This change is designed to strengthen account security and help protect customers from risks such as fraud. 

What you need to know 

  • Customers can still transfer up to $20,000 per day to your nominated account. For larger amounts, please contact our customer service team. 
  • Any scheduled payments to other accounts will stop from 4 August. 
  • Any other accounts will be removed from Internet Banking Payee lists. 
  • Customers can still make deposits into your offset or loan account from other accounts; only outgoing transfers will be affected. 

What you need to do
Please check your nominated account details and make sure they’re correct before 4 August 2025.  

Please note that any scheduled transfers to accounts other than the nominated account will be cancelled.  

Have Questions?

We’re always here to help! Check out our full list of FAQs or get in touch with our team.

How are home loan repayments calculated?

Home loan repayments are typically calculated daily and paid monthly, based on the interest rate for the chosen term for the interest portion of your repayment. For your principal repayment, your initial borrowing rate is divided by the months or fortnights in your loan term. These two amounts are then added and repayed on your chosen schedule. Bluestone’s repayment calculator is only a guide, particularly because we assume your interest rate will remain fixed through the whole term of the mortgage, which is often not the case in Australia.

What other tools do you have?

We have a range of resources to help you understand your mortgages options in our insights section. We’re also working on a few more useful calculators for you in the background.

Does your repayment calculator consider any impact from an offset account? What about lump sum repayments?

At the moment, no, our repayment calculator does not consider the impact of an offset account on interest accrued. So, if you have an offset, assume you’ll be a little bit quicker to pay off your mortgage than the projections we share in the graph. For accurate repayment insights that consider strategies like paying lump sums and utilising an offset account, we recommend speaking to your broker or seeking professional financial advice.