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Business rates, fees and agreements

Rates

The following information is current from  and is subject to change.

  • Business Overdraft Base Rate:  (and margin)

Rates are subject to change. A lending margin above the Business Overdraft Base Rate applies. If you go over your credit limit we can charge you an excess interest rate. Unless stated otherwise in your facility agreement, the excess rate will be the Business Overdraft Base Rate plus 15% p.a.

Lending criteria, terms, conditions and fees apply.

  • Business Term Loan floating or fixed interest rates:   
  • Commercial Loan floating or fixed interest rates:   

Lending criteria, terms, conditions and fees apply.

  • Business Flexible Facility Rate:  (plus margin)

Rates are subject to change. A lending margin above the Business flexible facility base rate applies. If you go over your credit limit we can charge you an excess interest rate. The excess rate is our Business flexible facility base fate plus 15% p.a. 

Lending criteria, terms, conditions and fees apply.

  • Non-profit Organisation Current Account interest rate:   

Accrued on a daily basis and paid 6 monthly on the last business day of February and August.

  • Interest rate effective from  (and margin)

Rates are subject to change. A lending margin above the CIR Base Rate applies. 

  • BBIR & Commercial Overdraft Base Rate:  (and margin)

Rates are subject to change. A lending margin above the BBIR and Commercial Overdraft Base Rates applies. If you go over your credit limit we can charge you an excess interest rate.  Unless stated otherwise in your facility agreement, the excess rate will be the BBIR and Commercial Overdraft Base Rate plus 15% p.a. 

Scheme Maximum Interchange Reimbursement Fees

Interchange reimbursement fees are fees paid by an acquirer (the financial institution that processes the card transaction on behalf of the merchant) to an issuer (the financial institution that issued the card to the cardholder). The Interchange Reimbursement Fees are the current maximum rates set by each Scheme (Visa, Mastercard and/or UnionPay) for purchases made by holders of a New Zealand issued card.

The following fees are current as at 1 May 2019 and are subject to change by the Schemes without notice. All fees outlined in the tables below are a percentage of the transaction amount unless a dollar amount is specified.

 

New Zealand National Net Credit Interchange Fees

Fee Program Visa Classic Visa Gold Visa Platinum Visa Signature Visa Commercial
Industry Program – Charities 0.39% 0.39% 0.39% 0.39%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 1 0.50% 0.50% 0.50% 0.50%
Strategic Merchants – CP and CNP – Rate 2 0.55% 0.55% 0.55% 0.55%
Strategic Merchants – CP and CNP – Rate 3 0.60% 0.60% 0.60% 0.60%
Strategic Merchants – CP and CNP – Rate 4 0.70% 0.70% 0.70% 0.70%
Strategic Merchants – CP and CNP – Rate 5 0.80% 0.80% 0.80% 0.80%
Strategic Merchants – CP and CNP – Rate 6 0.98% 0.98% 0.98% 0.98%
Industry Program – Government, Utilities & Telecommunications NZ$0.70 NZ$0.70 NZ$0.70 NZ$0.70
Industry Program – Insurance NZ$1.00 NZ$1.00 NZ$1.00 NZ$1.00
Industry Program – Recurring Payments 0.70% 0.70% 0.70% 0.70%
Contactless Program 0.85% 1.45% 1.57% 2.00%
Electronic 0.85% 1.85% 1.97% 2.00%
Standard 1.25% 1.85% 1.97% 2.00%

New Zealand National Net Debit Interchange Fees*

Fee Program Visa Consumer Visa Commerical
Industry Program – Charities 0.39% 0.39%
Strategic Merchants – Card Present – Rate 1 NZ$0.04 NZ$0.04
Strategic Merchants – Card Present – Rate 2 NZ$0.05 NZ$0.05
Strategic Merchants – Card Not Present – Rate 1 0.50% 0.50%
Strategic Merchants – Card Not Present – Rate 2 0.55% 0.55%
Strategic Merchants – Card Not Present – Rate 3 0.60% 0.60%
Strategic Merchants – Card Not Present – Rate 4 0.70% 0.70%
Strategic Merchants – Card Not Present – Rate 5 0.80% 0.80%
Strategic Merchants – Card Not Present – Rate 6 0.98% 0.98%
Industry Program – Government, Utilities & Telecommunications NZ$0.70 NZ$0.70
Industry Program – Insurance NZ$1.00 NZ$1.00
Industry Program – Recurring Payments 0.70% 0.70%
Electronic – Card Present 0.30% 0.30%
Standard – Card Not Present 1.25% 2.00%

 

* Excludes EFTPOS transactions (defined as face-to-face card present transactions utilising account selection and PIN) switched domestically to issuer.

New Zealand National Net Prepaid Interchange Fees

Fee Program Visa Consumer Visa Commerical
Industry Program – Charities 0.39% 0.39%
Strategic Merchants – Card Present 0.39% 0.39%
Strategic Merchants – Card Not Present – Rate 1 0.50% 0.50%
Strategic Merchants – Card Not Present – Rate 2 0.55% 0.55%
Strategic Merchants – Card Not Present – Rate 3 0.60% 0.60%
Strategic Merchants – Card Not Present – Rate 4 0.70% 0.70%
Strategic Merchants – Card Not Present – Rate 5 0.80% 0.80%
Strategic Merchants – Card Not Present – Rate 6 0.98% 0.98%
Industry Program – Government, Utilities & Telecommunications NZ$0.70 NZ$0.70
Industry Program – Insurance NZ$1.00 NZ$1.00
Industry Program – Recurring Payments 0.70% 0.70%
Electronic – Card Present 0.60% 2.00%
Standard – Card Not Present 1.25% 2.00%

New Zealand Intracountry Credit Interchange Rates

Interchange rates
Interchange Category Name Rate
Charities 0.00%
Strategic Merchants 1 0.50%
Strategic Merchants 2 0.60%
Strategic Merchants 3 0.70%
Strategic Merchants 4 1.10%
Strategic Merchants 5 1.50%
Contactless (excluding Commercial Cards) 0.50%
Government Services & Utilities 0.70%
Petroleum 0.60%
Education 0.80%
Recurring Payments 0.70%
Consumer Elite 2.05%
Consumer Super Premium 1 2.05%
Consumer Super Premium 2 1.90%
Consumer Premium 1.90%
Commercial Premium 2.20%
Commercial 2.00%
Consumer Electronic 1.00%
Consumer Standard 1.40%

New Zealand Intracountry Debit Interchange Rates

debit interchange rates
Interchange Category Name Rate
Charities 0.00%
Contactless Micropayment (<=$15) NZ$ 0.004
Contactless Strategic Merchants 1 NZ$ 0.06
Contactless Strategic Merchants 2 NZ$ 0.10
Strategic Merchants 1 0.30%
Strategic Merchants 2 0.35%
Strategic Merchants 3 0.40%
Strategic Merchants 4 0.90%
Strategic Merchants 5 1.10%
Contactless 0.40%
Government Services & Utilities 0.50%
Petroleum 0.50%
Recurring Payments 0.70%
Consumer Premium - Debit 1.30%
Commercial - Debit 1.50%
Consumer Electronic - Debit 0.50%
Consumer Standard - Debit 1.25%

New Zealand Intracountry Prepaid Interchange Rates

Prepaid interchange rates
Interchange Category Name Rate
Charities 0.00%
Contactless Micropayment (<=$15) NZ$ 0.004
Strategic Merchants 1 0.40%
Strategic Merchants 2 0.40%
Strategic Merchants 3 0.40%
Contactless 0.40%
Government Services & Utilities 0.70%
Petroleum 0.50%
Recurring Payments 0.70%
SecureCode Merchant UCAF 1.00%
SecureCode Full UCAF 1.20%
Consumer Premium - Prepaid 1.30%
Commercial - Prepaid 1.50%
Consumer Electronic - Prepaid 0.50%
Consumer Standard - Prepaid 1.30%
UnionPay interchange rates
Interchange Payment Type Interchange Fee
POS Transactions 1.10%
MOTO 1.50%
Recurring 1.10%
Internet Transactions  
– Airline, Education & Insurance 1.15%
– All other Interchange category codes 1.20%

ANZ Domestic Card Issuing Interchange Reimbursement Fees

ANZ, as an issuer of Visa and Mastercard branded payment cards, has set the following interchange reimbursement fees that will apply to purchases made by holders of an ANZ New Zealand issued Visa or Mastercard card.

The following fees are current as at 1 May 2019 and are subject to change by ANZ without notice. All fees outlined in the tables below are a percentage of the transaction amount unless a dollar amount is specified.

Visa Credit Card Transactions

Fee Program Visa Classic Visa Gold Visa Platinum Visa Commercial
Industry Program – Charities 0.00% 0.00% 0.00%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 1 0.50% 0.50% 0.50%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 2 0.55% 0.55% 0.55%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 3 0.60% 0.60% 0.60%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 4 0.70% 0.70% 0.70%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 5 0.80% 0.80% 0.80%
Strategic Merchants – Card Present (CP) and Card Not Present (CNP) – Rate 6 0.98% 0.98% 0.98%
Industry Program – Government, Utilities & Telecommunications NZ$0.70 NZ$0.70 NZ$0.70
Industry Program – Insurance NZ$1.00 NZ$1.00 NZ$1.00
Industry Program – Recurring Payments 0.70% 0.70% 0.70%
Contactless Program 0.85% 1.45% 2.00%
Electronic 0.85% 1.85% 2.00%
Standard 1.25% 1.85% 2.00%

Visa Debit Card Transactions*

Fee Program Visa Consumer Visa Commercial
Industry Program – Charities 0.00% 0.00%
Strategic Merchants – Card Present – Rate 1 NZ$0.04 NZ$0.04
Strategic Merchants – Card Present – Rate 2 NZ$0.05 NZ$0.05
Strategic Merchants – Card Not Present – Rate 1 0.50% 0.50%
Strategic Merchants – Card Not Present – Rate 2 0.55% 0.55%
Strategic Merchants – Card Not Present – Rate 3 0.60% 0.60%
Strategic Merchants – Card Not Present – Rate 4 0.70% 0.70%
Strategic Merchants – Card Not Present – Rate 5 0.80% 0.80%
Strategic Merchants – Card Not Present – Rate 6 0.98% 0.98%
Industry Program – Government, Utilities & Telecommunications NZ$0.70 NZ$0.70
Industry Program – Insurance NZ$1.00 NZ$1.00
Industry Program – Recurring Payments 0.70% 0.70%
Electronic 0.30% 0.30%
Standard 1.25% 2.00%

*Excludes EFTPOS transactions (defined as face-to-face card present transactions utilising account selection and PIN) switched domestically to issuer.

Mastercard Credit Card Transactions

Interchange Category Name Interchange Fee
Charities 0.00%
Strategic Merchants 1 0.50%
Strategic Merchants 2 0.60%
Strategic Merchants 3 0.70%
Strategic Merchants 4 1.10%
PayPass (excluding Commercial Cards) 0.50%
Government Services and Utilities 0.70%
Petroleum 0.60%
Education 0.80%
Recurring Payments 0.70%
SecureCode Merchant UCAF 1.00%
SecureCode Full UCAF 1.20%
Consumer Elite 2.05%
Consumer Super Premium 1 2.05%
Consumer Super Premium 2 1.90%
Consumer Premium 1.90%
Commercial Premium 2.20%
Commercial 2.00%
Consumer Electronic 1.00%
Consumer Standard 1.40%

ANZ Business credit cards

Lending criteria, terns, conditions and fees apply

Fees

ANZ Business Current Account

  • Monthly account fee: $8.50  
  • Transaction fee: 200 free transactions a month. $0.20 for each additional automated and manual transaction.

ANZ Business Overdraft

  • Overdraft Management fee
    Monthly Overdraft Management fee of 0.12% (minimum $5 a month).
    Calculated and charged monthly as a percentage of the highest agreed overdraft credit limit available during that month.
  • Overdraft application fee
    A minimum amount of either $75 or 1% of the approved credit limit or increase, whichever is greater (ANZ will advise you if the application fee is higher than the minimum amount of $75).

ANZ Business Flexible Facility

  • Monthly account fee: $12.50  
  • Transaction fee: No charge for automated or manual transactions.
  • Overdraft Management fee: Monthly Overdraft Management fee of 0.50% p.a. calculated and charged monthly as a percentage of the highest agreed flexi limit during that month (minimum $5 a month).
  • ANZ Business Flexible Facility application fee: Up to 1% of loan amount with a minimum of $250.

Key to account transaction charges

Automated transactions
Automated transactions include EFTPOS, Visa Debit, ATM, and mobile wallet transactions, as well as electronic payments and other transactions made using ANZ Internet Banking, goMoney, Phone Banking and ANZ Direct Online.

Manual transactions
Manual transactions include cheques and transactions handled by our staff for you, including at a branch, by phone, or online. Balances and basic account enquiries at a branch are free. We process any deposits received through ANZ Fast Deposit Boxes as staff-assisted, manual transactions.

The main fees and service charges are detailed below. For details on all fees and charges, please refer to the General Terms and Conditions section.

Business account service charges

The following information is current from 29 October 2012 and is subject to change.

Service charges apply when a specific service is used, and are in addition to business account transaction charges. They are detailed below.

 

Fee type ANZ Business Current
Account
ANZ Business Flexible Facility ANZ Business Premium Call
Account*
Cheque clearance fee $0.25 per cheque deposited $0.25 per cheque deposited $0.25 per cheque deposited (one free cheque deposit per business day)
Cash handling fee for deposits less than $3,000 per business
processing day
Waived Waived Waived
Cash handling fee for deposits of $3,000 and over per business processing day 0.25% of total cash deposited 0.25% of total cash deposited 0.25% of total cash deposited

Non-profit organizations are exempt from payment of the following fees on one ANZ Non-profit organization current account.

  • Monthly account fees.
  • Automated and manual transaction fees.
  • Automatic and Bill Payment establishment, amendment and suppression fees.
  • Cash handling fees.
  • Cheque clearance fees.

Lending criteria, terms, conditions and fees apply.

A copy of our Reserve Bank Disclosure Statement is available on this website or on request from any ANZ branch, free of charge.

* Not a transaction account
** To be charged, per customer, on the total cash amount deposited or withdrawn in any one business day.

Other Business account fees

 
Item Charge

Unarranged overdraft fee

Applies if we choose to let you make payments or withdrawals or we pay any cheques or take any fees or charges, when you don’t have enough money in your account. We’re lending you money you don’t have and you must repay that money as soon as possible or when we ask. We charge the fee each month if you exceed your approved overdraft limit, or your account becomes overdrawn, by more than $10, for more than one day. This is charged in addition to excess interest.

If you don't have an arranged overdraft limit or you exceed your approved overdraft limit, you will be charged an Excess Interest Rate on the amount you have exceeded your overdraft limit by. 

$5

The Excess Interest Rate is our Business Overdraft Base Rate plus a margin of 15% p.a, unless you have a Commercial Cheque Account or a Cheque Account.

If you have a Commercial Cheque Account, unless stated otherwise in your facility agreement if you have an arranged Overdraft limit, the Excess Interest Rate is our Commercial Overdraft Base Rate plus a margin of 15% p.a. 

If you have a Cheque Account, unless otherwise stated in your facility agreement if you have an arranged Overdraft limit,  the Excess Interest Rate is our Business Bank Indicator Rate plus a margin of 15% p.a.

Insufficient funds - Dishonour fee

Applies if we can’t pay a cheque you’ve written or we’re unable to take a direct debit or take a payment (other than a future-dated electronic payment) for any reason.

$2.50

Insufficient funds - Failed Payment fee

Applies if we can’t make a future-dated electronic payment you’ve set up and confirmed for any reason, including because you didn’t have enough money in your account.

$2.50

Our account opening and eligibility criteria apply.

Automated Payroll Fee – SmartPayroll

In addition to any other fees charged in relation to the services provided by SmartPayroll, your nominated account will be charged a bank fee (currently $0.24 per transaction processed by us) which may be varied from time to time on not less than 14-days’ notice. Total fees will be charged monthly on the 20th of the month following transaction processing. This fee is for the purpose of SmartPayroll transactions and the normal fees and charges applicable to your existing service with us will still apply. If you have any questions in relation to any of the fees, please contact an ANZ Business Specialist.

Business overdrafts

ANZ Commercial Loan

ANZ Business Loan

Merchant services

ANZ FastPay

ANZ Business Flexible Facility

Agreements