Product details
With the ANZ Business Extra Account, for the one monthly account keeping fee, you get access to ANZ Internet Banking for Business. Plus, most transaction types are free, without monthly limits imposed. You can elect to receive a free linked ANZ Business Visa Debit card with this account, and you can also apply for an optional overdraft facility.
Access to ANZ Internet Banking for Business is normally $15 per month, but it's included with this account under the flat monthly fee.
- Product Name
- ANZ Business Extra
- Monthly Account Fee
- $22
- Debit Card Access
- Visa
- ATM Withdrawal Fee
- $0
- Details
- Under the $22 monthly fee, most transaction types are free, plus access to ANZ Internet Banking for Business is included.
- Overseas ATM Withdrawal Fee
- $5
- Overseas Eftpos Fee
- 3%
- Phone Banking
- Yes
- Fees
- $22
- Internet Banking
- Yes
What are the ANZ Business Extra Account features?
$22 monthly account fee.
The ANZ Business Extra Account has a monthly account keeping fee of $22. However, there's a number of included extras in this account that aren't included with alternative ANZ business accounts.
Unlimited ANZ transactions
Make unlimited ANZ transactions for no cost. These include staff assisted transactions, cheques, manual merchant deposits, electronic transactions and the use of ANZ ATMs. Charges may still apply to certain types of transactions, such as overseas EFTPOS and ATM transactions, as well as periodical payments.
Free ANZ Business Visa Debit Card
You can use this card to access funds in your account at any time using ATMs, EFTPOS terminals, online banking and phone banking. The Visa payWave feature lets you use your card to make contactless payments for purchases less than $100. This card comes in three colours and you can get the bank to embed you business name on the card.
ANZ safety features
ANZ Falcon anti-fraud protection and Visa’s Zero Liability policy are in place to offer that extra peace of mind.
Optional ANZ Business Overdraft feature
If you get the optional business overdraft facility linked to your account you can be sure that you have access to extra money as and when you need it. You get to choose from secured and unsecured options and there is no minimum or maximum term. Flexible repayment options can give you greater control over your cash flow.
Cheque book available
This account comes with an optional cheque book facility, and you can write unlimited number of cheques for free.
Access ANZ Internet Banking for Business at no extra cost
The ANZ Internet Banking for Business platform gives you a secure way to manage your business cash flow online. Some benefits include co-signatory authorisation as well as higher payment limits. You can also use this platform to make international transfers, to set up direct debits, for efficient payroll management and more. This platform normally costs $15 per month, but there's no extra charge for this platform when you open a ANZ Business Extra account.
Phone banking available
You can use phone banking to check your account’s balance and its transaction summary. Phone banking lets you initiate fund transfers, and you can use it to order cheque books. Phone banking also lets you connect with an ANZ representative.
Pros
- Most transaction types are free and come without monthly limits
- Optional overdraft facility
- Access to ANZ Internet Banking for Business platform
Cons
- $22 monthly fee applies
- Overseas transaction and ATM fees apply
How do I apply for the ANZ Business Extra Account?
You can apply for this account online. Applying requires that you meet the following eligibility criteria and have the below documentation handy.
Eligibility criteria
- Business account. You are applying as a sole trader, company, partnership, trust, society, co-operative or association.
- Authority. You have authority to open an account on behalf of the business you represent.
- Over 18. All signatories are over the age of 18 years.
Documentation needed
- Business details. The trading name of your business, its mailing address and its structure (sole trader, company, trust and so on).
- Business number. Such as Australian Company Number (ACN), Australian Business Number (ABN) or Association Number.
- Personal details of signatories. Details of all signatories to include complete names, job titles, dates of birth and contact details.
What happens next?
Once you submit your online application you should receive a confirmation email from ANZ in minutes. You can expect to hear from an ANZ small business specialist within 24 hours on business days. This is essentially to confirm your details, clarify your doubts, and then, open the account. Once the account is open you can make deposits straightaway. You receive another email notifying you of the account opening and a nominated branch, along with instructions surrounding what you have to do to activate the account completely.
