CHANGES TO ANZ RATES, FEES AND AGREEMENTS

Current public notices


 

Changes to the Early Repayment Administration fee for ANZ Loans effective 1 October 2018

We're removing the $100 Early Repayment Administration fee for repaying some or all of an ANZ Loan early during a fixed rate period. Please be aware, if you’re repaying or changing an ANZ Loan during a fixed rate period an Early Repayment Recovery may still apply. 

We’ve updated our ANZ Fees and Charges brochure, and any relevant loan terms and conditions to reflect this change. Updated copies will be available online or from any ANZ branch from 1 October 2018.

ANZ Fees and Charges (PDF 156kb)

 


Changes to ANZ Serious Saver interest rate effective 1 October 2018

On 1 October 2018, we’re decreasing the interest rate you can earn on the ANZ Serious Saver account:

Account Tier Current rate Rate from 1 October 2018
Serious Saver Premium* interest rate 2.10% p.a. 2.00% p.a.
Standard interest rate 0.10% p.a. No change
Total available interest rate 2.20% p.a. 2.10% p.a.

* To earn Premium interest you need to make no withdrawals and deposit $20 or more (not including credit interest) on or before the last business day of the month. 

Interest rates are subject to change. Terms, conditions and fees apply. A copy of our Reserve Bank Disclosure Statement is available on request from any ANZ branch.

 


  

Changes to our terms and conditions for electronic banking, ANZ EFTPOS cards, ANZ Visa Debit cards, ANZ credit cards and the ANZ Fees and Charges brochure, and the introduction of our new Google Pay Terms and Conditions effective 27 September 2018

Below is a summary of the main changes we’re making, effective from 27 September 2018:

Changes to Credit Card Conditions of Use (for cards issued prior to 6 June 2015)

To make our Credit Card Conditions of Use (for cards issued prior to 6 June 2015) easier for customers to understand, we have re-written the content into plain English. This revised plain English version already applies to customers who were issued credit cards from 6 June 2015 but will now apply to all our personal credit card customers. A copy of the plain English version for all personal credit card customers will be available from 27 September 2018 on this website.

Authorisations on debit and credit cards

Some merchants can get an authorisation to check that a card is valid and active, or that you have enough available credit to cover the anticipated final amount for goods or services. We’re reducing the length of time that an authorisation can limit your available credit from up to 5 business days to up to 3 business days. We’re updating our ANZ Credit Card Conditions of Use, ANZ Business Preferred Mastercard Cardholder Terms and Conditions and ANZ EFTPOS Card and ANZ Visa Debit Card Conditions of Use to reflect this.

Statements for ANZ Visa Business cards and ANZ Visa Corporate and Purchasing cards

We’ve amended the information about statements in the ANZ Visa Business Card Guide and ANZ Visa Corporate and Purchasing Card Guide to include the availability of monthly statements in ANZ digital platforms (for example ANZ Internet Banking or ANZ Direct Online).

Mobile wallets

We’re expanding the current provisions relating to mobile wallets in our ANZ EFTPOS Card and ANZ Visa Debit Card Conditions of Use, ANZ Credit Card Conditions of Use and our Fees and Charges brochure to reflect that we are introducing Google Pay. We’re also including a new section in our ANZ Electronic Banking Conditions about Google Pay.

Google Pay Terms and Conditions

We’re including a requirement to comply with our new ANZ Google Pay Terms and Conditions if you set up your ANZ Visa Debit card or your personal ANZ Visa credit card as a wallet card in Google Pay in the ANZ Electronic Banking Conditions, ANZ EFTPOS Card and ANZ Visa Debit Card Conditions of Use and our ANZ Credit Card Conditions of Use. View the ANZ Google Pay Terms and Conditions (PDF 69kB)

Updated versions of the terms and conditions will be available at any ANZ branch or on this website from 27 September 2018.

 


  

Changes to International Money Transfer fees effective 1 September 2018

We’re reducing our International Money Transfer (IMT) fees for ANZ Direct Online and moving to one standard flat fee for amendments, re sends, enquiries and cancellations relating to any IMT. These changes will take effect on 1 September 2018. 

For IMT payments made via ANZ Direct Online the standard ANZ fee is reducing from $18 to $9 per transaction. This applies to all customers. 

For an amendment, re send, enquiry or cancellation relating to an IMT via any of our channels there will now be one standard flat fee of $25 per transaction. This applies to IMTs made via ANZ goMoney, ANZ Internet Banking, ANZ Direct Online, ANZ Phone Banking or an ANZ branch. 

Please note overseas bank charges may still apply. 

Updated ANZ International Money Transfer fees will be available online from 1 September 2018.

 


 

Changes to ANZ Franchise and Professional packages’ terms and conditions effective from 21 August 2018

We are changing the package terms and conditions for the ANZ Franchise and Professional packages effective from 21 August 2018. We summarise the changes below.

1. ANZ Franchise packages eligibility:
To be eligible to receive the benefits of an ANZ Franchise banking package, you must be registered to that package and have your full business income direct credited to an ANZ business banking account.

2. ANZ Professional packages eligibility:
To be eligible to receive the benefits of an ANZ Professional banking package, you must be registered to that package and meet the package eligibility criteria:

You’ll need to ask ANZ to apply your package benefits. Benefits are not applied automatically and are not backdated.

Changes to package benefits
These packages include discounted rates and fee savings on a range of ANZ products and services. Some previous package benefits may no longer be available.

More information
For full details of our ANZ packages, benefits and terms and conditions contact us on 0800 269 296 or visit any ANZ branch.

 


 

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.