Overdraft
The reassurance of having extra funds if you ever need them, giving you flexibility and peace of mind.
Benefits
Flexible
You can borrow up to your agreed overdraft limit whenever you need it, and repay some or all of it at any time.
Easy to use
Your overdraft is linked to your ANZ everyday account, so you can access it quickly and easily.
Cost-effective
You only pay interest when you use it, on the amount you've overdrawn.
Rates and fees
Rate or fee | |
|---|---|
Overdraft interest rate | You will pay the Consumer Overdraft Base Rate, currently —% p.a., plus 6% on the amount of the agreed overdraft limit you use. Total rate: 18.90% p.a. |
Monthly overdraft management fee— | $3 |
Overdraft application fee | $0 |
Unarranged overdraft fee— | $3 |
Excess interest rate | The excess interest rate is our Consumer Overdraft Base Rate plus 15% p.a. We can charge you excess interest on any amounts over your credit limit, until you repay them. |
Eligibility criteria
To be eligible for an overdraft on your ANZ everyday account, you generally need to:
- Be 18 years or older with a regular income.
- Have your main source of income directly credited to an ANZ everyday account, with regular credits being made into the account the overdraft will be loaded on.
- Supply your last 90 days of bank statements.
- Be a New Zealand Citizen or Permanent Resident, or be in New Zealand and have the right to work in New Zealand for at least two years.
- Meet our lending criteria and have a good credit history.
Aged 18 to 20, or studying full-time?
With our Jumpstart account you can apply for an interest-free overdraft of up to $2,000 after you've turned 18 to help you stay on top of your money—.
Learn more about ANZ Jumpstart accounts.
How to apply
Call us
Monday to Friday, 8am - 7pm
Saturday and Sunday, 9am - 5pm
From overseas: +64 4 470 3142
Visit us
Find your local ANZ branch.
Important information
Eligibility, lending criteria, terms, conditions and fees apply. Details are subject to change.
Fees and interest rates are subject to change. Non-standard fees may apply. Please use the following links for full details of our Terms and Conditions, Fees and Charges (PDF 166KB), Rates, fees and agreements, ANZ EFTPOS Card and ANZ Visa Debit Card Conditions of Use (PDF 103KB), and ANZ Electronic Banking Conditions (PDF 129KB).
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