Business rates, fees and agreements

  

Business rates

The following information is current from  and is subject to change.

 

Overdraft and Flexible Facilities

  • Business Overdraft Base Rate: % p.a. (a margin will also apply)

Rates are subject to change. If you go over your credit limit we can charge you an excess interest rate. Unless stated otherwise in your facility agreement, the excess rate will be the Business Overdraft base rate plus 7% p.a.

Lending criteria, terms, conditions and fees apply.

  • Business Bank Indicator Rate (BBIR) and Commercial Overdraft base rate: % p.a. (a margin will also apply)

Rates are subject to change. If you go over your credit limit we can charge you an excess interest rate. Unless stated otherwise in your facility agreement, the excess rate will be the BBIR and Commercial Overdraft base rate plus 7% p.a. 

Lending criteria, terms, conditions and fees apply.

  • Business Flexible Facility base rate: % p.a. (plus margin)

Rates are subject to change. A lending margin above the Business flexible facility base rate applies. If you go over your credit limit we can charge you an excess interest rate. The excess rate is our Business flexible facility base rate plus 7% p.a. 

Lending criteria, terms, conditions and fees apply.

  • Commercial Flexible Facility floating base rate: % p.a. (a margin will also apply)

Rates are subject to change. If you go over your credit limit we can charge you an excess interest rate. Unless stated otherwise in your facility agreement, the excess rate will be the Commercial Flexible Facility base rate plus 7% p.a.

Lending criteria, terms, conditions and fees apply.


Term Loans

  • Business Term Loan floating base rate: % p.a. (a margin will also apply)

Rates are subject to change. 

Lending criteria, terms, conditions and fees apply.

  • Business Plus Loan floating base rate: % p.a. (a margin will also apply)

Rates are subject to change. 

Lending criteria, terms, conditions and fees apply.

  • Business Specialised Loan floating base rate: % p.a. (a margin will also apply)

Rates are subject to change. 

Lending criteria, terms, conditions and fees apply.

  • Business Term Loan floating or fixed interest rates. Please contact us on 0800 269 249.
  • Commercial Loan floating or fixed interest rates: Please contact us on 0800 269 249.
Lending criteria, terms, conditions and fees apply.
  • Business Green Loan floating interest rate:  % p.a.

Rates are subject to change.

Lending criteria, terms, conditions and fees apply.  Eligibility criteria also applies to the ANZ Business Green Loan.

  • ANZ Business Regrowth Loan fixed interest rate: % p.a.

Rates are subject to change.

Lending criteria, terms, conditions and fees apply.  Eligibility criteria also applies to the ANZ Business Regrowth Loan.

  • CIR base rate effective from % p.a. (a margin will also apply)

Rates are subject to change.

Lending criteria, terms, conditions and fees apply.


Deposits

  • Business Premium Call account interest rate: % p.a.

Rates are subject to change. A copy of our Reserve Bank Disclosure Statement is available on this website or on request from any ANZ branch, free of charge.

  • Business Premium Current account interest rate: 

    Amount                               Interest Rate
    $0 -$24,999                       %p.a.
    $25,000+                           %p.a.

Rates are subject to change. A copy of our Reserve Bank Disclosure Statement is available on this website or on request from any ANZ branch, free of charge.


Scheme Maximum Interchange Reimbursement Fees

Interchange reimbursement fees are fees paid by an acquirer (the financial institution that processes the card transaction on behalf of the merchant) to an issuer (the financial institution that issued the card to the cardholder). The Interchange Reimbursement Fees are the current maximum rates set by each Scheme (Visa, Mastercard and/or UnionPay) for purchases made by holders of a New Zealand issued card.

The following fees are current from 5 November 2022 for Visa and 10 November 2022 for Mastercard. These fees are subject to change by the Schemes without notice. All fees outlined in the tables below are a percentage of the transaction amount unless a dollar amount is specified.


Visa New Zealand National Net Credit Interchange Fees

Visa Classic Visa Gold

Visa Platinum

Visa Commercial

Industry Program – Charities

0.39%

0.39%

0.39%

Strategic Merchants MVV Program – Card Present (CP) and Card Not Present (CNP) – Tier 5

0.45%

0.45%

0.45%

Strategic Merchants MVV Program – CP and CNP – Tier 4

0.50%

0.50%

0.50%

Strategic Merchants MVV Program – CP and CNP – Tier 3

0.60%

0.60%

0.60%

Strategic Merchants MVV Program – CP and CNP – Tier 2

0.65%

0.65%

0.65%

Strategic Merchants MVV Program – CP and CNP – Tier 1

0.80%

0.80%

0.80%

Strategic Merchants FPI Program – Card Present (CP) and Card Not Present (CNP) – Tier 5

0.50%

0.50%

0.50%

Strategic Merchants FPI Program – CP and CNP – Tier 4

0.55%

0.55%

0.55%

Strategic Merchants FPI Program – CP and CNP – Tier 3

0.60%

0.60%

0.60%

Strategic Merchants FPI Program – CP and CNP – Tier 2

0.70%

0.70%

0.70%

Strategic Merchants FPI Program – CP and CNP – Tier 1

0.80%

0.80%

0.80%

Industry Program – Government, Utilities & Telecommunications

NZ$0.70

NZ$0.70

NZ$0.70

Industry Program – Insurance

NZ$1.00

NZ$1.00

NZ$1.00

Tokenized Recurring

0.65%

0.65%

0.65%

Recurring Payment Fee Program

0.70%

0.70%

0.70%

Tokenized Online Fee Program

0.75%

0.75%

1.95%

Contactless Program

0.65%

0.80%

2.00%

Electronic

0.80%

0.80%

2.00%

Standard

0.80%

0.80%

2.00%


Visa New Zealand National Net Debit Interchange Fees*

Visa Consumer

Visa Commercial

Visa Fallback Debit Contact Card Present Fee Program

0.00%

0.00%

Industry Program – Charities

0.20%

0.20%

Strategic Merchants MVV Program – Card Present – Tier 4

NZ$0.02

NZ$0.02

Strategic Merchants MVV Program – Card Present – Tier 3

NZ$0.03

NZ$0.03

Strategic Merchants MVV Program – Card Present – Tier 2

NZ$0.04

NZ$0.04

Strategic Merchants MVV Program – Card Present – Tier 1

NZ$0.05

NZ$0.05

Strategic Merchants MVV Program – Card Not Present – Tier 2

0.45%

0.45%

Strategic Merchants MVV Program – Card Not Present – Tier 1

0.50%

0.50%

Strategic Merchants FPI Program – Card Present – Tier 4

NZ$0.02

NZ$0.02

Strategic Merchants FPI Program – Card Present – Tier 3

NZ$0.03

NZ$0.03

Strategic Merchants FPI Program – Card Present – Tier 2

NZ$0.04

NZ$0.04

Strategic Merchants FPI Program – Card Present – Tier 1

NZ$0.05

NZ$0.05

Strategic Merchants FPI Program – Card Not Present – Rate 1

0.50%

0.50%

Industry Program – Government, Utilities & Telecommunications

NZ$0.70

NZ$0.70

Industry Program – Insurance

NZ$1.00

NZ$1.00

Tokenized Online Fee Program

0.55%

0.55%

Electronic – Card Present

0.20%

0.20%

Standard – Card Not Present

0.60%

0.60%

*Excludes EFTPOS transactions (defined as face-to-face card present transactions utilising account selection and PIN) switched domestically to issuer.


Visa New Zealand National Net Prepaid Interchange Fees

Visa Consumer

Visa Commerical

Industry Program – Charities

0.39%

0.39%

Strategic Merchants MVV Program – Card Present - Tier 1

0.39%

0.39%

Strategic Merchants MVV Program – Card Not Present – Tier 5

0.45%

0.45%

Strategic Merchants MVV Program – Card Not Present – Tier 4

0.50%

0.50%

Strategic Merchants MVV Program – Card Not Present – Tier 3

0.60%

0.60%

Strategic Merchants MVV Program – Card Not Present – Tier 2

0.65%

0.65%

Strategic Merchants MVV Program – Card Not Present – Tier 1

0.80%

0.80%

Strategic Merchants FPI Program – Card Present – Rate 1

0.39%

0.39%

Strategic Merchants FPI Program – Card Not Present – Tier 4

0.50%

0.50%

Strategic Merchants FPI Program – Card Not Present – Tier 3

0.60%

0.60%

Strategic Merchants FPI Program – Card Not Present – Tier 2

0.70%

0.70%

Strategic Merchants FPI Program – Card Not Present – Tier 1

0.80%

0.80%

Industry Program – Government, Utilities & Telecommunications

NZ$0.70

NZ$0.70

Industry Program – Insurance

NZ$1.00

NZ$1.00

Tokenized Recurring

0.65%

0.65%

Recurring Payment Fee Program

0.70%

0.70%

Tokenized Online Fee Program

1.20%

1.95%

Electronic – Card Present

0.60%

2.00%

Standard – Card Not Present

1.25%

2.00%


Mastercard New Zealand Intracountry Credit Interchange Rates

Rate

Charities

0.00%

Strategic Merchants 1

0.50%

Strategic Merchants 2

0.60%

Strategic Merchants 3

0.70%

Strategic Merchants 4

0.80%

Strategic Merchants 5

0.80%

Tokenised Contactless

0.50%

Contactless (excluding Commercial Cards)

0.50%

Government Services & Utilities

0.70%

Petroleum

0.60%

Education & Learning

0.80%

Recurring Payments - Tokenised

0.80%

Recurring Payments - Other

0.80%

Commercial Premium

2.20%

Commercial

2.10%

Tokenised Online

0.80%

Consumer Elite - Card Present

0.80%

Consumer Elite - Card Not Present

0.80%

Consumer Super Premium - Card Present

0.80%

Consumer Super Premium - Card Not Present

0.80%

Consumer Premium - Card Present

0.80%

Consumer Premium - Card Not Present

0.80%

Consumer Standard - Card Present

0.80%

Consumer Standard - Card Not Present

0.80%

Shop & Split Premium – Card Present

0.80%

Shop & Split Premium – Card Not Present

0.80%


Mastercard New Zealand Intracountry Debit Interchange Rates

Rate

Charities

0.00%

Contactless Micropayment (<=$15)

0.20%

Contactless Strategic Merchants 1

NZ$0.04

Contactless Strategic Merchants 2

NZ$0.05

Tokenized Contactless

0.20%

Contactless

0.20%

Contact: Card Present

0.00%

Strategic Merchants 1

0.30%

Strategic Merchants 2

0.35%

Strategic Merchants 3

0.40%

Strategic Merchants 4

0.60%

Strategic Merchants 5

0.60%

Commercial Card Not Present

0.60%

Government Services & Utilities

0.50%

Petroleum

0.50%

Recurring Payments – Tokenised

0.60%

Recurring Payments - Others

0.60%

Tokenised Online

0.60%

Consumer Premium - Card Not Present

0.60%

Consumer - Card Not Present

0.60%


Mastercard New Zealand Intracountry Prepaid Interchange Rates

Rate

Charities

0.00%

Contactless Micropayment (less than or equal to  $15)

0.20%

Strategic Merchants 1

0.40%

Strategic Merchants 2

0.40%

Strategic Merchants 3

0.40%

Strategic Merchants 4

0.90%

Strategic Merchants 5

1.10%

Tokenised Contactless

0.20%

Contactless (excluding Commercial Cards)

0.20%

Government Services & Utilities

1.50%

Petroleum

0.50%

Recurring Payments - Tokenised

0.50%

Recurring Payments - Other

0.70%

Commercial

1.50%

Tokenised Online

1.00%

Consumer Premium - Card Present

1.20%

Consumer Premium - Card Not Present

1.50%

Consumer Standard - Card Present

0.50%

Consumer Standard - Card Not Present

1.25%


UnionPay

Interchange fee

POS Transactions

1.10%

MOTO

1.50%

Recurring

1.10%

Internet Transactions – Airline, Education & Insurance

1.15%

Internet Transactions – All other Interchange category codes

1.20%


ANZ Domestic Card Issuing Interchange Reimbursement Fees

ANZ, as an issuer of Visa branded payment cards, has set the following interchange reimbursement fees that will apply to purchases made by holders of an ANZ New Zealand issued Visa card.

The following fees are current as at 15 June 2023 and are subject to change by ANZ without notice. All fees outlined in the tables below are a percentage of the transaction amount unless a dollar amount is specified.


Visa Credit Card Transactions

Visa Classic Visa Gold

Visa Platinum

Visa Commercial

Industry Program – Charities

0.00%

0.00%

0.00%

Strategic Merchants MVV Program – Card Present (CP) and Card Not Present (CNP) – Tier 5

0.45%

0.45%

0.45%

Strategic Merchants MVV Program – CP and CNP – Tier 4

0.50%

0.50%

0.50%

Strategic Merchants MVV Program – CP and CNP – Tier 3

0.60%

0.60%

0.60%

Strategic Merchants MVV Program – CP and CNP – Tier 2

0.65%

0.65%

0.65%

Strategic Merchants MVV Program – CP and CNP – Tier 1

0.80%

0.80%

0.80%

Strategic Merchants FPI Program – Card Present (CP) and Card Not Present (CNP) – Tier 5

0.50%

0.50%

0.50%

Strategic Merchants FPI Program – CP and CNP – Tier 4

0.55%

0.55%

0.55%

Strategic Merchants FPI Program – CP and CNP – Tier 3

0.60%

0.60%

0.60%

Strategic Merchants FPI Program – CP and CNP – Tier 2

0.70%

0.70%

0.70%

Strategic Merchants FPI Program – CP and CNP – Tier 1

0.80%

0.80%

0.80%

Industry Program – Government, Utilities & Telecommunications

NZ$0.70

NZ$0.70

NZ$0.70

Industry Program – Insurance

NZ$1.00

NZ$1.00

NZ$1.00

Tokenized Recurring

0.65%

0.65%

0.65%

Recurring Payment Fee Program

0.70%

0.70%

0.70%

Tokenized Online Fee Program

0.75%

0.75%

1.95%

Contactless Program

0.65%

0.80%

2.00%

Electronic

0.80%

0.80%

2.00%

Standard

0.80%

0.80%

2.00%


Visa Debit Card Transactions*

Visa Consumer

Visa Commercial

Visa Fallback Debit Contact Card Present Fee Program

0.00%

0.00%

Industry Program – Charities

0.00%

0.00%

Strategic Merchants MVV Program – Card Present – Tier 4

NZ$0.02

NZ$0.02

Strategic Merchants MVV Program – Card Present – Tier 3

NZ$0.03

NZ$0.03

Strategic Merchants MVV Program – Card Present – Tier 2

NZ$0.04

NZ$0.04

Strategic Merchants MVV Program – Card Present – Tier 1

NZ$0.05

NZ$0.05

Strategic Merchants MVV Program – Card Not Present – Tier 2

0.45%

0.45%

Strategic Merchants MVV Program – Card Not Present – Tier 1

0.50%

0.50%

Strategic Merchants FPI Program – Card Present – Tier 4

NZ$0.02

NZ$0.02

Strategic Merchants FPI Program – Card Present – Tier 3

NZ$0.03

NZ$0.03

Strategic Merchants FPI Program – Card Present – Tier 2

NZ$0.04

NZ$0.04

Strategic Merchants FPI Program – Card Present – Tier 1

NZ$0.05

NZ$0.05

Strategic Merchants FPI Program – Card Not Present – Tier 1

0.50%

0.50%

Industry Program – Government, Utilities & Telecommunications

NZ$0.70

NZ$0.70

Industry Program – Insurance

NZ$1.00

NZ$1.00

Tokenized Online Fee Program

0.55%

0.55%

Electronic – Card Present

0.20%

0.20%

Standard – Card Not Present

0.60%

0.60%


*Excludes EFTPOS transactions (defined as face-to-face card present transactions utilising account selection and PIN) switched domestically to issuer.


ANZ Business credit cards

Fees and charges

The main fees and service charges are detailed below. For details on all fees and charges, please refer to ANZ’s Fees and Charges brochure.



ANZ Business transaction accounts

Unless otherwise advised to you, the following fees apply to the ANZ Business Current Account and ANZ Business Premium Current Account:

  • Monthly account fee: $8.50 
  • Transaction fee: 200 free transactions a month. $0.20 for each additional automated or manual transaction.
  • Service fees:
    • Cash handling fee*
      • Deposits less than $3,000 per business processing day – waived.
      • Deposits of $3,000 and over per business processing day – 0.25% of total cash deposited.

*To be charged per account, on the total cash amount deposited in any one business day. The cash handling fee is not charged on the ANZ Business Premium Current Account.


ANZ Business Premium Call Account **

  • Monthly account fee: Nil 
  • Transaction fee: No charge for automated or manual transactions.
  • Service fees:
    • Cash handling fee* –
      • Deposits less than $3,000 per business processing day – Waived.
      • Deposits of $3,000 and over per business processing day – 0.25% of total cash deposited.

* To be charged, per account, on the total cash amount deposited in any one business day.

** Not a transaction account


ANZ Business Overdraft

  • Monthly Overdraft Management fee
    Unless agreed otherwise in your facility agreement, 0.12% (minimum $5.00 a month).
    Calculated and charged monthly as a percentage of the highest agreed overdraft credit limit available during that month.
  • Overdraft Application fee
    A minimum amount of either $75.00 or 1% of the approved credit limit or increase, whichever is greater (ANZ will advise you if the application fee is higher than the minimum amount of $75.00).

ANZ Commercial Overdraft

  • Overdraft Management Fee, and Overdraft application fees apply, as agreed in your facility agreement

ANZ Business Flexible Facility

  • Monthly account fee: $12.50   
  • Transaction fee: No charge for automated or manual transactions.
  • Monthly Overdraft Management fee:  0.50% p.a. calculated and charged monthly as a percentage of the highest agreed flexi limit during that month (minimum $5 a month).
  • ANZ Business Flexible Facility application fee: Up to 1% of loan amount with a minimum of $250.
  • Service Fees:
    • Cash handling fee* for deposits of $3,000 and over per business processing day – 0.25% of total cash deposited.

*To be charged per account, on the total cash amount deposited in any one business day.


ANZ Commercial Flexible Facility

  • Monthly account fee: Nil 
  • Transaction fee: $5.00 per automated or manual transaction. The first five transactions in each calendar month are free.
  • Monthly Overdraft Management fee: Unless agreed otherwise in your facility agreement, 0.12%.  Calculated and charged monthly as a percentage of the highest agreed limit available during that month.
  • Overdraft application fee: Up to 1% of loan amount with a minimum of $250.
  • Service fees:
    • Cash handling fee for deposits  - Nil

Automated transactions include EFTPOS, Visa Debit, ATM, and mobile wallet transactions, as well as electronic payments and other transactions made using ANZ Internet Banking, ANZ goMoney, Phone Banking and ANZ Direct Online.

Manual transactions include transactions handled by our staff for you, including at a branch, by phone, or online. Balances and basic account enquiries at a branch are free. We process any deposits received through ANZ Fast Deposit Boxes as staff-assisted, manual transactions.


Other account and overdraft fees

  • Unarranged overdraft fee: $3
    Applies if we choose to let you make payments or withdrawals 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.

Auditor’s Confirmation Report for business, agri and personal customers

  • Auditor’s Confirmation Report standard fee: $65
  • Auditor’s Confirmation Report Less than 48 hours notice fee*:  $130
    • This fee is charged when you request an Auditor’s Confirmation Report from ANZ
    • A form is required which includes the ability to automatically create a report on an annual basis
    • The fee must be debited from an ANZ transactional account
    • *This fee will apply if you give us less than 48 hours notice of needing an Auditors Confirmation Report.

ANZ Term Loans for business customers

We have a number of term loan solutions available to our business customers. The main fees are detailed below.

  • Loan approval fee: 1% of the loan amount with a minimum fee of $250
  • Switching fee: A $250 switching fee may be payable any time you choose to switch from a variable rate loan, or vice versa.
  • Early Repayment Recovery: May also apply if you choose to repay some or all of, or restructure, your ANZ Term Loan during a fixed rate period. Early Repayment Recovery is sometimes called a ‘break fee’.
  • Loan top-up fee: Up to 1% of the increased loan amount (minimum $250)

Depending on which of our business term loan products you are eligible for, additional fees may apply to our more complex arrangements. Please refer to your loan agreement or contact us on 0800 269 249 to determine what terms and conditions, and rates and fees, apply to you.


Automated Payroll Fee – Smartly

In addition to any other fees charged in relation to the services provided by Smartly, your nominated account will be charged a bank fee (currently $0.24 per transaction processed by us) which may be varied from time to time on not less than 14-days’ notice. Total fees will be charged monthly on the 20th of the month following transaction processing. This fee is for the purpose of Smartly transactions and the normal fees and charges applicable to your existing service with us will still apply. If you have any questions in relation to any of the fees, please contact an ANZ Business Specialist.


Business Overdrafts

ANZ Business Loan

Merchant services

ANZ FastPay

ANZ Business Flexible Facility

Important information

Eligibility, lending criteria, terms and conditions and fees apply.  Details are subject to change.

Fees and interest rates are subject to change. Other non-standard fees and service charges may apply. For full details please refer to ANZ’s Fees and Charges Brochure (PDF 156KB), or your Relationship Manager.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure

Our Disclosure Statement under the Banking (Prudential Supervision) Act 1989 is available on our investor information page or ask for a copy at any ANZ branch, free of charge.