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Thanks Mick. What would be an example of an acceptable reason/use? I said I just want the extra cash out to sit in my offset account, so that I have it ready to use as a deposit for my next IP (which may be in a few month). they didn´t like this idea. The only other reason I can think of...

Suncorp :( do you know which banks allow cash out ? what questions should I be asking :confused:

i am in a similar situation to the OP. i wanted to do this with an IP. I called my bank today to discuss the possibility of releasing some equity in my IP and putting this released equity into my offset.. well, the bank didn´t really like this idea. they said in order to get a top-up loan or...