Bank account rates, fees and agreements
The following information is current from (View current rates) and is subject to change.
Account opening and eligibility criteria, terms, conditions and fees apply.
|$0+||(View current rates)|
The interest rate is subject to change. Minimum balance of $500. The return is calculated daily and is allocated quarterly (in the form of additional units). The additional units are added to your PIE Fund account calendar quarterly (March, June, September and December).
A copy of the ANZ PIE Fund Information Brochure and Terms and Conditions is available from any ANZ branch, or by calling 0800 269 296.
|Benefit||Monthly Account Fee||Automated Transaction Fee||Manual Transaction Fee|
|Enjoy the freedom to bank the way you want to.||$5*||Nil||Nil|
|ANZ Go||Avoid monthly account and transaction fees when you bank electronically.||Nil||Nil||$3|
|ANZ Select||An interest-bearing account for customers who keep an average monthly balance of $5,000 or more.||$15**||Nil||Nil|
|ANZ Jumpstart||If you’re under 21 or studying full-time^, enjoy no monthly account or transaction fees. You can also apply for some special lending benefits (see below).||Nil||Nil||Nil|
* We’ll waive this fee each month you deposit at least $2,500 into the account. Deposits exclude transfers made between your ANZ accounts.
** We’ll waive this fee if your average monthly balance is $5,000 or more.
You can access any of these accounts using an ANZ Visa Debit or ANZ EFTPOS card. There is no annual card fee for an ANZ EFTPOS card. You must be 16 years or over to apply for an ANZ Visa Debit card. The yearly card fee for an ANZ Visa Debit card is $10. We waive the card fee when your card is linked to an ANZ Freedom or Jumpstart account.
ANZ Jumpstart account – lending pricing benefits
If you hold an ANZ Jumpstart account and you’re 18 years or older, you can apply for the following lending products with special pricing benefits. ANZ lending and eligibility criteria, terms, conditions and fees apply to all overdrafts, credit cards and personal loans. International students are only eligible to apply for an ANZ Credit Card.
Interest-free overdraft on application (up to $2,000). A monthly Overdraft Management fee of $3 applies.
If you’re in full-time study^ you can apply for any new ANZ Credit Card and get a one year annual card fee waiver (limit one per customer).
If you’re in full-time study^ you can apply for a personal loan with no application fee and no top-up fees.
^ You must be enrolled at and provide proof of full-time study at a government recognised tertiary institution or a NZQA approved language school. When applying for lending benefits you must have a minimum of 6 months remaining on your course. International students are only eligible to apply for an ANZ Credit Card.
|Overdraft application fee||$25|
|We charge this fee for new overdraft applications and applications to increase existing limits.|
|Unarranged overdraft fee||$5|
Applies if we choose to let you make payments or withdrawals or we pay any cheques or take any fees or charges, when you don’t have enough money in your account. We’re lending you money you don’t have and you must repay that money as soon as possible or when we ask. We charge the fee each month if you exceed your approved overdraft limit, or your account becomes overdrawn, by more than $10, for more than one day. This is charged in addition to excess interest.
If you don’t have an arranged overdraft limit or you exceed your approved overdraft limit, you will be charged excess interest on the amount you have exceeded your overdraft limit by. The Excess Interest Rate is our Consumer Overdraft Base Rate plus a margin of 15.00% p.a.
|Monthly Overdraft Management fee||0.12% (min. $5)|
|Calculated as a percentage of the agreed overdraft limit or overdrawn balance, whichever is greater.|
|Benefit||Monthly Account Fee||Automated & Manual Deposit Fees||Automated & Manual Withdrawal Fees|
|ANZ Serious Saver||An account that rewards your commitment to saving.||Nil||Nil||$5*|
|ANZ Online||Access your money anytime and still earn the full rate of interest.||Nil||Nil||
Automated withdrawal – Nil
Manual withdrawal $3
|ANZ Ready Saver||Enjoy ready access to your money and a higher rate of interest as your savings grow.||$2**||Nil||$1|
* You won’t pay for your first withdrawal each month, however to earn Premium interest, you need to make no withdrawals each month.
** We’ll waive this fee if your average monthly balance is $500 or more.
Refer further below for definitions of Automated and Manual transactions.
Key to account transaction charges
These include EFTPOS transactions, ATM transactions, direct debits and direct credits, and all electronic transactions made through Phone Banking, ANZ goMoney and Internet Banking.
These include cheques and transactions handled by our staff at a branch or by phone.
Our account opening and eligibility criteria apply.
|Insufficient funds fees|
|Failed Payment fee (due to insufficient funds)**||$2.50|
* Applies if we can’t pay a cheque you’ve written or we’re unable to take a direct debit or take a payment (other than a future-dated electronic payment) for any reason.
** Applies if we can’t make a future-dated electronic payment you’ve set up and confirmed for any reason, including because you didn’t have enough money in your account.
Bank account service charges - Miscellaneous
Effective 21 April 2017
Effective 14 November 2016
Effective 1 December 2016
Effective 27 January 2017
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