Join the hard-working ANZ KiwiSaver Scheme.
Overdraft
The reassurance of having extra funds if you ever need them, giving you flexibility and peace of mind.
- Access extra funds up to your overdraft limit at any time
- You only pay interest when you use it
- No monthly minimum repayments
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.
Overdraft interest rate |
You will pay the Consumer Overdraft Base Rate, currently 13.95% p.a., plus 6% on the amount of the agreed overdraft limit you use. Total rate: 19.95% p.a. |
Monthly overdraft management feedisclaimer |
$3 |
Overdraft application fee |
$25 |
Unarranged overdraft feedisclaimer |
$5 |
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. |
Get the most out of your overdraft
We recommend you minimise interest costs by repaying as much of the extra funds used as soon as possible.
- 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
- 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 2 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.disclaimer
New to ANZ
Apply for a new account online with an overdraft - it's easy to join us
- Apply online - use our simple online form to apply for an everyday account with an overdraft.
- We’ll contact you - we'll arrange a time with you to visit an ANZ branch to confirm your identity.
- Visit a branch - we'll confirm your identity and setup your ANZ Internet Banking, goMoney and anything else you need.
Existing customers
Call us on 0800 269 296
Apply for an overdraft to be added to an existing account, by calling us or visiting any branch.
Or, apply for a new everyday account with an overdraft via ANZ Internet Banking
Other ways to apply
Call us on 0800 269 296
6am to 12 midnight (NZDT), 7 days a week.
International: +64 4 470 3142 (toll charges apply).
Or visit a branch
See all help and support articles
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).
Monthly overdraft management fee applies in addition to the applicable interest rate. This fee may be waived if the overdraft is linked to an eligible account or if you are eligible for one of our banking packages.
Back to topAll overdrafts are subject to application and ANZ eligibility criteria, lending criteria and terms and conditions. Overdraft fees may apply. See ANZ Overdraft for more information.
Back to topAll overdrafts are subject to application and ANZ eligibility criteria, lending criteria and terms and conditions. Overdraft fees may apply.
Back to topInterest-free overdraft is available on one Jumpstart account only, and will only be available while you are eligible for a Jumpstart account. After this, standard interest rates and fees apply.
Back to top