The reassurance of having access to extra money if you ever need it, giving you flexibility and peace of mind.

Understanding overdrafts

An overdraft can be a useful emergency fund. But it’s important to manage this debt well. It’s a good idea to think about:

  • Is an overdraft right for you?
  • Ways to reduce interest and fees
  • Support if you find it hard to stay within your overdraft limit
  • Joint overdrafts, and what happens if someone can’t or won’t pay.


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


Overdraft application fee 


Unarranged overdraft fee

You will be charged this fee each month you exceed your agreed overdraft limit, or your account becomes overdrawn, by more than $10, for more than one day.

Excess interest rate

The excess interest rate is our Consumer Overdraft Base Rate plus 7% p.a. We can charge you excess interest on any amounts over your credit limit, until you repay them.

Check your eligibility


To apply for an overdraft on your ANZ everyday account, you’ll need to:

  • Be at least 18 years old
  • Receive 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
  • Be a New Zealand citizen, permanent resident or, if a non-resident, have a work visa issued for two years or longer with at least one year left
  • Meet our lending criteria and have a good credit history.

If you’re a tertiary student and applying for an interest-free overdraft on a Jumpstart account, you’ll also need to:

  • Be studying full-time at a government-recognised tertiary institution or a NZQA-approved language school with at least six months left on your course
  • Be a New Zealand citizen or permanent resident. Overdrafts are not available for international students
  • Have any income, student allowance or student loan credited to your ANZ Jumpstart account.

Learn more about ANZ Jumpstart accounts.


Additional lending criteria may apply

We’ll discuss this with you during your application process.

How to apply

From overseas: +64 4 470 3142

Important information

Interest rates are subject to change. Eligibility, lending criteria, terms and fees apply to all ANZ Overdrafts. See Rates, fees and agreements

This is for information purposes only. Please talk to us if you need financial advice about a product or service. See our financial advice provider statement (PDF 39.8KB) for more information.