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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



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.


You only pay interest when you use it, on the amount you've overdrawn.

The important numbers

ANZ Freedom Account fees

Overdraft interest rate

You will pay the Consumer Overdraft Base Rate, currently , plus 6% on the amount of the agreed overdraft limit you use.

Total rate: 18.90% p.a.

Monthly overdraft management feedisclaimer


Overdraft application fee


Unarranged overdraft feedisclaimer

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 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.

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
  • 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

Learn more about ANZ Jumpstart Accounts


How to apply

Call us

0800 837 123

Weekdays, 8am - 8.30pm
Weekends, 9am - 5pm
International +64 4 470 3142 (toll charges apply).

Visit a branch

Find an ANZ Branch


We'll help you figure things out

Help and support 

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 ConditionsFees and Charges (PDF 166kB), Rates, fees and agreementsANZ 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

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. 


All overdrafts are subject to application and ANZ eligibility criteria, lending criteria and terms and conditions. Overdraft fees may apply.


Interest-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.