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ANZ Pensioner Advantage account

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

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.

0.01% p.a.

Maximum variable rate

0.01% p.a.

Base interest rate

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Product NameANZ Pensioner Advantage Account
Maximum Variable Rate0.01% p.a.
Standard Variable Rate0.01%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0

Expert review

Shirley Liu

Review by

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

It’s not common to find a transaction account that offers at-call access to your money, while also paying interest on your balance with no ongoing deposit conditions to meet. This makes the account really flexible, and a bit of a two-in-one account.

The interest rates are tiered, so you'll earn more interest on the highest portions of your balance. The maximum variable interest rate of 0.45% is for the portion of your balance that’s over $50,000.

However this account is limited to customers receiving a pension, for example the aged pension, disability support pension, a Centrelink pension or a Veterens’ Affairs pension.

Key features

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 0.45%

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 tiered, so you'll earn more interest on highest portions of your balance. The maximum variable interest rate of 0.45% is for the portion of your balance that is over $50,000.

Compare other ANZ products

How to apply

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.


  • 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 below mentioned pensions or allowances.
  • Pension status. You must be receiving an eligible Centrelink pension or allowance, or a Veterans' Affairs pension or allowance.
  • Residency requirements. You must be an Australian resident with an Australian residential address.

Ask an expert

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  1. Default Gravatar
    July 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
      July 29, 2019

      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
    November 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
      November 1, 2018

      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
    October 9, 2018

    Where can I log in for my account?

    • Default Gravatar
      October 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
    November 15, 2016

    How do I cardless cash to someone else?

    • Avatarfinder Customer Care
      November 16, 2016

      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
    September 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
      September 26, 2016

      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
    March 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
      March 16, 2016

      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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