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Overdrafts and overdrawing your account

Rates

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

Personal overdraft

Personal loan interest rate
Customer type Interest rate
Consumer Overdraft Base Rate  (plus a margin)

The interest rate for a personal overdraft is made up of the Consumer Overdraft Base Rate plus a margin. We list current margins below.
 


Margin on Consumer Overdraft Base Rate

Personal loan interest rate
Customer type Interest rate
All borrowers Consumer Overdraft Base Rate

If you go over your credit limit, we can charge you interest on those amounts at the excess interest rate, which is the Consumer Overdraft Base Rate plus a margin of 15% p.a.

Fees

  • Overdraft application fee - $25  

This applies to new overdraft applications and applications to increase existing limits.

  • Monthly Overdraft Management fee (excluding ANZ Jumpstart account) - $3  
  • Monthly Overdraft Management fee (ANZ Jumpstart account) - No charge

If you go over your credit limit, we can charge you interest on those amounts at the excess rate, which is the Consumer Overdraft Base Rate +15% p.a.

  • Unarranged overdraft fee - $5  

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 excess interest on the amount you have exceeded your overdraft limit by. The Excess Interest Rate is our Consumer Overdraft Base Rate plus a margin of 15.00% p.a.

Lending criteria, terms, conditions and fees apply to ANZ Overdrafts.

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