ANZ Pensioner Advantage Account

ANZ Pensioner Advantage Account

Maximum Variable Rate


Standard Variable Rate


Pay no account keeping fees and earn interest on your balance with this account designed specifically for pensioners.

  • No monthly account keeping fees
  • Free internet and phone banking
  • 24/7 access to funds through Internet and phone banking

Product details

The transition from a salary to a fixed income is not always easy, but the ANZ Pensioner Advantage account can help simplify your finances. This is a transaction account with no account fees, that gives you unlimited, easy access to your money. Plus unlike a typical transaction account, you can earn a competitive rate of interest on your funds.


If you receive a Centrelink allowance or a Veterans’ Affairs pension or allowance you may be eligible for ANZ's Pensioner Advantage.

Product Name
ANZ Pensioner Advantage Account
Maximum Variable Rate
0.01% p.a.
Standard Variable Rate
0.01% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
Minimum Opening Deposit
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the ANZ Pensioner Advantage account?

Compare the features of this account to see how it compares with the transaction accounts for pensioners offered by other banks.

No account keeping fees

The $0 fee normally charged for the ANZ Access Advantage is waived for Australians who qualify for this account.

Interest rates up to 0.95%

This account allows you to earn interest on your balance, while at the same time enjoying unlimited access to your funds. The interest rates are banded, so you'll earn more interest on highest portions of your balance. The maximum variable interest rate of 0.95% is for the portion of your balance that is over $50,000.

Unlimited accessibility

You are given unlimited access to your money through ANZ ATMs, phone and internet banking as well as free in branch, cheque and EFTPOS transactions.

Visa debit card

With the Visa debit card you can also make withdrawals in Australia and overseas. This account comes with a linked Visa Debit card, allowing you to make purchases with your own money wherever Visa is accepted including in-store and online. You can also use the Visa Debit card internationally when travelling, however fees will usually apply.

Overseas transactions

You will be charged a foreign transaction fee of 3.00% on purchases or withdrawals where a conversion of currency to the Australian dollar is necessary, such as when using your debit card overseas. For overseas ATM withdrawals, you will be charged $5 for each transaction.

No minimum balance

There is no minimum balance requirement to maintain, however you'll earn more interest on larger balances.

Available to pensioners only

This account is available for Australian’s with an eligible Centrelink allowance or a Veteran’s Affairs pension or allowance. Your pension or allowance must be paid directly into the account. The pensions which are eligible include; aged pension, disability support, widow’s, wife’s, carer’s, sole parent’s, and service pension. Allowances include; incentive, new start, sickness, special benefit, partner and parenting allowance.

Joint account available

This account is available for up to two holders, yet both must be receiving a qualifying pension or allowance.

Compare other ANZ products


  • No monthly service fee
  • Linked ANZ Visa debit card
  • 24/7 access to funds through Internet and phone banking


  • Eligibility criteria apply

How do I apply for the ANZ Pensioner Advantage?

With the ANZ Pensioner Advantage you will need to call in order to open your account or visit your local branch. Before beginning, check that you are eligible for this account and have the appropriate documents handy.

Eligibility criteria

  • Minimum age. The age requirement for this account is 60, however you can still qualify in some circumstances if you are receiving one of the above mentioned pensions or allowances.
  • Residency requirements. You must be an Australian resident with an Australian residential address.
  • Depository requirements. Applicants will not be required to make any minimum opening deposit.

Documentation required

  • Tax file number. If you want to ensure that any withholding tax applied to your interest earnings is accurate for your circumstance, make sure that you provide your tax file number (TFN) or exemption code when applying.
  • Identification. A driver’s licence, passport or Medicare card will be needed to help verify the identity of new ANZ customers.

What happens next?

After having verified your identity and other information, ANZ will issue you details of your new transaction account. You will also receive a Visa debit card in order to be able to access your money. This card will need to be activated by you before you can begin making withdrawals.

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12 Responses

  1. Default Gravatar
    raiJuly 28, 2019

    Hi! My name is Rai and I’m 12 years old. Am I allowed to get a Visa debit card?

    • Avatarfinder Customer Care
      JoshuaJuly 29, 2019Staff

      Hi Rai,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      Typically, you need to be at least 14 years old to get your own Visa Debit card. However, some banks offer debit card access for children as young as 9 years old.

      You can head to this page, Rai. On that page, there’s a table that lists banks who offer debit cards for minors and their minimum age requirement. Aside from, you can also compare your options based on the details of the card.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    DarrynNovember 1, 2018

    I have been on a disability support pension since 2002 to the present. In that time my anz account has charged me a monthly servicing fee. Is this correct. And if not. Can I claim that money back. As I feel they have been charging me fees that I shouldn’t have to. Thank you

    • Avatarfinder Customer Care
      JohnNovember 1, 2018Staff

      Hi Darryn,

      Thank you for leaving a question.

      You may need to call the customer service support team of ANZ to state your claim. Please see the number here 1800 008 177 Monday – Friday, 8am-8pm (AEST). They may be able to waive this fee if you would be able to give a viable reason to not pay the fee. Hope this helps!


  3. Default Gravatar
    MichaelOctober 9, 2018

    Where can I log in for my account?

    • Default Gravatar
      JoelOctober 9, 2018

      Hi Michael,

      Thanks for leaving a question on finder.

      You are given unlimited access to your money through ANZ ATMs, phone and internet banking as well as free in branch, cheque and EFTPOS transactions. To access your account from ANZ’s website please click HERE and click on the “LOG ON” button on the top right.

      Please send me a message if you need anything else. :)


  4. Default Gravatar
    ErinaNovember 15, 2016

    How do I cardless cash to someone else?

    • Avatarfinder Customer Care
      DeeNovember 16, 2016Staff

      Hi Erina,

      Thanks for your question.

      With cardless cash, you or someone you authorized will be able to withdraw cash from an atm without a card. For more information on how cardless cash works, please watch our video here.


  5. Default Gravatar
    LaylaSeptember 25, 2016

    I am on the pension and want to know what fees I’m meant to be charged with my bank account and I’m not asap as your fees are a joke

    • Avatarfinder Customer Care
      ClarizzaSeptember 26, 2016Staff

      Hi Layla,

      Thanks for your question. Are you enquiring about the ANZ Access Advantage account? If so, this account has no monthly fees. The usual monthly fee of $5 a month is waived if you are a pensioner.

      Just to confirm we are a general comparison site and provide general advice only. If you have further concerns, we recommend speaking to the provider directly.


  6. Default Gravatar
    KINGSLEYMarch 15, 2016

    Hi There

    Could someone there at ANZ please contact me to talk about my changing my present ANZ Account to an ” ANZ ACCESS ADVANTAGE WITH ANZ SENIORS PRIVILEGE”.

    You have my email address there and my telephone is XXXXXXXXXX

    Thanking you


    • Avatarfinder Customer Care
      ShirleyMarch 16, 2016Staff

      Hi Kingsley,

      Thanks for posting your question on

      Since we’re not actually ANZ, please redirect this enquiry to ANZ about changing your account to the Seniors Privilege.

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