I have refinanced a loan to CBA with multiple split loans, and they have just dumped all the surplus funds into my offset account. This is still borrowed money! In my previous experience with other banks, any surplus money had been stored in an additional redraw? account? Iv been advised to set up a few other offset accounts against the split loans and transfer the CBA surplus funds into them. Is this correct, or should I be paying the surplus funds into the split loans themselves?