Changes to ANZ rates, fees and agreements
Current public notices
- EFTPOS and Visa Debit Card daily transaction limit increase, effective 29 July 2019
- Changes to ANZ fees and charges and Airpoints Platinum benefit effective 10 July 2019
- Closure of ANZ Ready Saver account effective 1 July 2019
- Changes to Direct Debit Terms and Conditions effective 14 June 2019
- Changes to our ANZ New Zealand Trade Terms effective 30 June 2019
EFTPOS and Visa Debit Card daily transaction limit increase, effective 29 July 2019
On 29 July 2019, we’re increasing the daily transaction limit you can make on EFTPOS and Visa Debit Cards to $10,000. See below for a summary of the changes:
|
Current daily transaction limit |
Daily transaction limit from 29 July 2019 |
EFTPOS (NZ) |
$3,000 |
$10,000 |
EFTPOS (Overseas) |
$3,000 |
$10,000 |
Visa Debit (NZ) |
$5,000 |
$10,000 |
Visa Debit (Overseas) |
$10,000 |
No change |
Please note the $2,000 daily ATM withdrawal limit has not changed.
Our eligibility criteria, terms, conditions and fees apply.
Changes to ANZ fees and charges and Airpoints Platinum benefit effective 10 July 2019
Effective 10 July 2019, we are changing the:
- ANZ Airpoints Visa Platinum Air New Zealand Lounge eVoucher benefit, and
- ANZ EFTPOS card, ANZ Visa Debit card and ANZ credit card currency conversion charge.
We summarise the changes below.
ANZ Airpoints Visa Platinum benefit change
Benefit |
Current |
New (effective 10 July 2019) |
Air New Zealand Lounge eVouchers |
Primary account holders earn two single entry Air New Zealand Lounge eVouchers per $20,000 spent on eligible purchases1 each year2 with no maximum |
Primary account holders will now earn two single entry Air New Zealand Lounge eVouchers per $30,000 spent on eligible purchases1 each year2 to a maximum of four eVouchers each year |
We have updated the ANZ Airpoints Visa Guide to reflect this change and this will be available on our Credit Card Rates, Fees and Agreements page or from any branch from 10 July 2019. All other Airpoints programme and Visa Platinum benefits remain the same.
- Eligible purchases do not include cash advances, balance transfers, the purchase of cash substitutes (such as travellers’ cheques), gambling transactions and business related expenditure.
- A year is based on either the 12 month period from the date the card was issued, or if it was issued prior to 1 April 2015, then from 1 April each year.
ANZ EFTPOS card, ANZ Visa Debit card and ANZ Credit Card currency conversion charge
Effective 10 July 2019, the currency conversion charge will reduce from 2.5% to 1.8% for foreign currency transactions (both online and overseas) made with an ANZ EFTPOS card, ANZ Visa Debit card or ANZ credit card.
We’ve updated our ANZ Fees and Charges brochure and the relevant ANZ credit card terms and conditions to reflect this fee reduction. Updated copies will be available on our Rates, Fees and Agreements page or from any ANZ branch from 10 July 2019.
Closure of ANZ Ready Saver account effective 1 July 2019
We’re closing the ANZ Ready Saver account from 1 July 2019 and moving impacted customers to an ANZ Online account.
How does an ANZ Online account differ to an ANZ Ready Saver account?
We have outlined below what is different. Everything else, including the interest rate of 0.10% p.a. and your account number, will remain the same.
Fee |
ANZ Ready Saver account |
ANZ Online account |
Monthly account fee |
$2 (waived if your average monthly balance is $500 or more) |
$0 |
Automated withdrawal fee1 (one-off electronic payments) |
$1 per transaction |
$0 |
Manual withdrawal fee2 (staff-assisted transactions) |
$1 per transaction |
$3 per transaction |
Please note any existing Automatic Payments, direct debits and cards linked to your ANZ Ready Saver account(s) will be transferred to your new ANZ Online account(s). These features are not normally available with an ANZ Online account; therefore any new ANZ Online account you open in the future will be subject to the standard terms and conditions. Find out more about the ANZ Online account.
Our eligibility criteria apply. Fees and interest rates are subject to change. See our Reserve Bank Disclosure Statement, Terms and Conditions (PDF 236kB) and Fees and Charges (PDF 168kB), or you can request copies, free of charge, from any ANZ branch.
- Automated transactions include EFTPOS, Visa Debit, ATM, and mobile wallet transactions, as well as all electronic payments and other transactions made using ANZ Internet Banking, goMoney, and Phone Banking.
- Manual transactions include cheques and transactions handled by our staff for you, including at a branch, by phone or online. Cheque books not permitted on the ANZ Online account.
Changes to Direct Debit Terms and Conditions effective 14 June 2019
We’re changing part of our Direct Debit Terms and Conditions regarding the privacy and disclosure of information from customers. This is to:
- Enhance our ability to identify, prevent or investigate any actual or suspected fraud, unlawful activity or misconduct.
- Better protect ANZ systems from external threats
These changes will affect how we collect and use customer information as well as who ANZ may engage to identify instances as mentioned above.
A copy of the Direct Debit Terms and Conditions (PDF 132kB) can be found online.
Changes to our ANZ New Zealand Trade Terms effective 30 June 2019
We’re changing part of our ANZ New Zealand Trade Terms regarding the privacy and disclosure of information from customers. This is to:
- Enhance our ability to identify, prevent or investigate any actual or suspected fraud, unlawful activity or misconduct.
- Better protect ANZ systems from external threats
These changes will affect how we collect and use customer information as well as who ANZ may engage to identify instances as mentioned above.
More information
Updated copies will be available on our Trade and Supply Chain page from 30 June 2019.