CHANGES TO ANZ RATES, FEES AND AGREEMENTS

Current public notices


 

Changes to ANZ fees and rates effective 1 August 2018

We’re changing the way we calculate Overdraft Management fees and removing or reducing some of our other fees and interest rates, effective from 1 August 2018. We summarise the changes below.

Overdraft Management fees

We charge Overdraft Management fees monthly for administering overdrafts and the ANZ Business Flexible Facility.

Fee type Account type Current fee New fee
Consumer Overdraft Management fee ANZ Freedom account
ANZ Go account
ANZ Select account
ANZ Classic account
ANZ Benefits account
ANZ Premium account
0.12% of the agreed overdraft limit or overdrawn balance, whichever is greater (minimum $5 a month). $3 a month
ANZ Jumpstart account $3 a month

No charge

(while eligible for an ANZ Jumpstart account, otherwise Consumer Overdraft Management fee, above, applies)

Business Overdraft Management fee ANZ Business Overdraft 0.12% of the agreed overdraft limit or overdrawn balance, whichever is greater (minimum $5 a month). 0.12% of your agreed overdraft limit (minimum $5 a month).
ANZ Business Flexible Facility 0.50% p.a. (0.0416% a month) calculated as a percentage of the agreed flexi limit or overdrawn balance, whichever is greater. 0.50% p.a. calculated and charged monthly as a percentage of your agreed flexi limit (minimum $5 a month).

Other fees and rates

Fee/Rate type Current fee/rate New fee/rate
Credit retrieval fee
Charged when we help a customer (on a best endeavours basis) to recover money incorrectly paid to a third party’s account.
$100
Any additional transaction sent in the same request is $25 per transaction.

$25 per request

There is no charge for additional transactions sent in the same request.

Security transfer or redocumentation fee  
Charged to assess and document requests to change security we have for a loan or facility.
$250 No charge
Additional documents fee
Charged for each extra copy of a document to do with your loan or facility.
$10

No charge

A $4 Duplicate Statement fee continues to apply for replacement copies of statements.

Consent fee
Charged to process requests to do with the security we have for a loan or facility.
$40

No charge

A Discharge or Execution fee of $100 continues to apply for some transactions to do with the security we hold.

Margins on Consumer Overdraft Base Rate
The margins added to the Consumer Overdraft Base Rate.
• Mortgage with ANZ +3% p.a.
• Other security with ANZ +4% p.a.
• All other borrowers +6% p.a.
• All borrowers +6% p.a.

More information

We’ve updated our ANZ Fees and Charges brochure, ANZ General Terms and Conditions, and any relevant loan terms and conditions to reflect these changes. Updated copies will be available online or from any ANZ branch from 1 August 2018. Interest rates are subject to change.

 


 

Changes to the Electronic Banking Conditions of Use – effective 26 July 2018

We’re changing the ANZ Electronic Banking Conditions of Use to remove the references to Android Wear Watch. This is because ANZ goMoney will no longer support the Android Wear Watch.

An updated copy will be available online or from any ANZ branch from 26 July 2018.