ANZ

ANZ savings and bank accounts

ANZ offers savings accounts and bank accounts to suit different customers including kids, pensioners and business owners.

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ANZ savings accounts, bank accounts and term deposits

Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
ANZ Business Essentials
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay
Osko, PayID
$0.60
$0
A straightforward business transaction account with on demand access to your funds and no monthly fee. A total of 20 ANZ ATM and Electronic Transactions are included.
ANZ Business Extra
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$22
Enjoy access to ANZ Internet Banking for Business, plus ANZ’s optional Business Overdraft facility, which can be attached to the ANZ Business Extra at your request.
ANZ Business Advantage
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$10
A convenient everyday transaction account with one monthly fee. You can opt for a free linked ANZ Business Visa Debit card with this account.
ANZ Access Advantage
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$5
Pay with Apple Pay, Google Pay & Samsung Pay.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 25 or if you meet other eligibility criteria.
ANZ Access Basic
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
A convenient everyday account designed especially for Australian Concession and Health Care card holders.
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
ANZ Progress Saver
0.2%
0.01%
Ongoing
ANZ SMSF Cash Hub
0.05%
0.05%
Ongoing
ANZ Online Saver
0.2%
0.05%
3 months
ANZ Business Online Saver
0.01%
0.01%
Ongoing
ANZ Premium Cash Management Account
0.15%
0.15%
Ongoing
ANZ Progress Saver for Kids
0.2%
0.01%
Ongoing
ANZ Share Investing Cash Investment Account
0.05%
0.05%
Ongoing
ANZ Pensioner Advantage Account
0.1%
0.1%
Ongoing
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Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
ANZ Term Deposit
0.05%
0.05%
0.05%
0.10%
0.10%
0.15%
0.15%
Pay no account-keeping or application fees.
Invest your funds for up to 5 years and receive a competitive rate of interest.
ANZ Advance Notice Term Deposit (31 days notice required for early withdrawals)
0.08%
0.08%
0.08%
0.15%
0.15%
0.20%
0.20%
ANZ Business Notice Term Deposit
0.05%
0.05%
0.05%
0.10%
0.10%
0.15%
0.15%
Invest your surplus business funds of $5,000 or more and enjoy a fixed rate of return. Choose a term length that suits your business, from one month to five years.
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Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
ANZ Business Essentials
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay
Osko, PayID
$0.60
$0
A straightforward business transaction account with on demand access to your funds and no monthly fee. A total of 20 ANZ ATM and Electronic Transactions are included.
ANZ Business Extra
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$22
Enjoy access to ANZ Internet Banking for Business, plus ANZ’s optional Business Overdraft facility, which can be attached to the ANZ Business Extra at your request.
ANZ Business Advantage
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$10
A convenient everyday transaction account with one monthly fee. You can opt for a free linked ANZ Business Visa Debit card with this account.
ANZ Access Advantage
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$5
Pay with Apple Pay, Google Pay & Samsung Pay.
$5 waivable monthly account fee.
Monthly account fee waived if you deposit at least $2,000 a month, are under 25 or if you meet other eligibility criteria.
ANZ Access Basic
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
A convenient everyday account designed especially for Australian Concession and Health Care card holders.
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Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
ANZ Progress Saver
0.2%
0.01%
Ongoing
ANZ SMSF Cash Hub
0.05%
0.05%
Ongoing
ANZ Online Saver
0.2%
0.05%
3 months
ANZ Business Online Saver
0.01%
0.01%
Ongoing
ANZ Premium Cash Management Account
0.15%
0.15%
Ongoing
ANZ Progress Saver for Kids
0.2%
0.01%
Ongoing
ANZ Share Investing Cash Investment Account
0.05%
0.05%
Ongoing
ANZ Pensioner Advantage Account
0.1%
0.1%
Ongoing
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Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
ANZ Term Deposit
0.05%
0.05%
0.05%
0.10%
0.10%
0.15%
0.15%
Pay no account-keeping or application fees.
Invest your funds for up to 5 years and receive a competitive rate of interest.
ANZ Advance Notice Term Deposit (31 days notice required for early withdrawals)
0.08%
0.08%
0.08%
0.15%
0.15%
0.20%
0.20%
ANZ Business Notice Term Deposit
0.05%
0.05%
0.05%
0.10%
0.10%
0.15%
0.15%
Invest your surplus business funds of $5,000 or more and enjoy a fixed rate of return. Choose a term length that suits your business, from one month to five years.
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Quick facts about ANZ

  • ANZ is one of Australia's Big Four banks along with CBA, Westpac and NAB.
  • ANZ began operating under the name of Bank of Australasia in 1835.
  • ANZ operates in more than 30 markets throughout the world, including in Australia, New Zealand, Asia, America and Europe.
  • ANZ was the first big bank in Australia to launch Apple Pay to customers.
  • Customers can withdraw cash at ANZ ATMs with their digital wallet on their phone instead of a physical debit card.

Different accounts offered by ANZ

Here's a snapshot of some of ANZ's most popular accounts. For a full list of ANZ's deposit accounts, you can refer to the tables above.

ANZ Access Advantage

This is ANZ's primary transaction account product. It comes with a Visa debit card and offers Apple Pay, Google Pay and Samsung Pay. There is a monthly account keeping fee, but this is waived each month that you deposit $2,000. The fee will also be waived if you're a full time student, you're under 18 years old or over the age of 60.

Read our full review of the ANZ Access Advantage Account.

ANZ Online Saver

This is ANZ's introductory saver account option, offering a bonus interest rate to new customers for the first 3 months. This account does not charge any account-keeping fees and has no minimum balance requirements or monthly deposit conditions to meet to earn the interest rate.

Read our full review of the ANZ Online Saver.

ANZ Progress Saver

The Progress Saver is ANZ's bonus savings account option. It offers a variable interest rate up to 0.2% p.a. when you make a deposit of $10 or more per month and no withdrawals. You can also get an ANZ Progress Saver for kids if you're under 18.

Read our full review of the ANZ Progress Saver Account.

ANZ Term Deposit

The minimum amount required to open this term deposit is $5,000 and terms can vary between 1 month and 5 years. You'll earn a fixed interest rate for the duration of the term length you choose.

Read our full review of the ANZ Term Deposit.

Different ways to bank with ANZ

ANZ offers many different ways to do your banking.

ANZ bank branches

ANZ has roughly 400 bank branches spread across Australia. The bank has closed around 150 of its branches over the last few years, as more customers move away from physical banking and take up online banking. Across the globe ANZ has around 1,000 branches. Customers can go into an ANZ branch for general help and assistance with day-to-day banking, to deposit cash or cheques, to open or close accounts or to speak to a professional banker.

ANZ ATM network

ANZ has roughly 900 ATMs around Australia and an additional 3,000 around the world. This is fewer than CommBank and Westpac, but a lot more than many other smaller banks. Some of ANZ's ATMs are Smart ATMs, which allow customers to deposit cash and withdraw cash without their ANZ debit card and using their phone instead. ANZ customers can also withdraw cash from Westpac, CommBank and NAB ATM's for free.

Bank@Post

If you need to deposit cash into your account, you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way. You can also deposit cash at select ANZ Smart ATMs (you can locate these via your ANZ app).

ANZ Internet and mobile banking

ANZ Internet Banking allows you to monitor your accounts, move money between accounts, pay bills, download recent statements and apply for new products with ANZ.

More than 3.5 million Australians have downloaded the ANZ app. It has a 4.5 star rating in the Google Play store, and a 4.7 star rating on the App Store. It offers spending categorisation and tracking tools, spending alerts and the ability to instantly block and unblock your card. The ANZ Spendi feature allows you to set a personal daily spending limit, and get push notifications when you're getting close to reaching it.

ANZ contactless payment options

ANZ made headlines in 2016 for being the first major bank in Australia to launch Apple Pay. It now also offers Google Pay and Samsung Pay to customers with an ANZ debit card. You can also use your phone to withdraw cash at ANZ Smart ATMs.

Pros and cons of banking with ANZ

Pros

  • Accounts for all. ANZ offers dedicated bank accounts for personal and business customers, students, pensioners, seniors and kids.
  • Global presence. ANZ is a major bank with a large global network, so you'll be able to find ANZ branches and ATMs while you're travelling.
  • Large ATM and branch network. Despite the bank closing a lot of its branches over the past few years, ANZ still has more bank branches and ATMs than many other Australian banks.

Cons

  • Conditions for fee waivers. Some ANZ accounts have certain criteria you need to meet to qualify for monthly fee waivers.
  • Interest rates less competitive. The savings account interest rates offered by ANZ are often less competitive than other smaller, digital banks.

How to apply for an ANZ account online

You can apply for a new ANZ account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.

Eligibility

  • You're over 18 years old
  • You're an Australian resident for tax purposes
  • You have an Australian phone number and residential address

Documentation

  • Personal details like your name, date of birth, residential address, phone number and email address
  • ID documents such as your driver's licence, Medicare card, passport or proof-of-age card

If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.

Read more on this topic

  • ANZ SMSF Cash Hub Account

    This account is for SMSF trustees to access their SMSF cash balance, to make payments and investments, and to receive income to the one account.

  • ANZ Access Basic

    Are you a Concession card holder? This account could help you manage your day-to-day finances while charging no account keeping fees.

  • ANZ Progress Saver for Kids

    With no fees, minimal deposit requirements and a competitive bonus interest rate, The ANZ Progress Saver is an ideal choice for your child’s first savings account.

  • ANZ Advance Notice Term Deposit

    Take advantage of more flexibility with a term deposit that allows you to give notice when you need your funds.

  • ANZ Share Investing Cash Account

    You invest the cash and ANZ provides you with all the rest you need to make trades and investments from your own online trading platform.

  • ANZ Premium Cash Management Account

    Managing your investment money is easy with an account that provides multiple access methods and no fee banking.

  • ANZ Pensioner Advantage account

    Have financial peace of mind by managing your pension income from an interest-earning transaction account by ANZ.

  • ANZ Term Deposit

    With their term deposit account, ANZ provides you with a flexible way of keeping your savings secure whether you need them for four months from now or four years.

  • ANZ Online Saver Account

    With an introductory bonus interest rate from ANZ, the Online Saver is an account worth taking into consideration.

  • ANZ Progress Saver savings account

    If you have a long term financial goal that you want to work towards, the Progress Saver from ANZ is an account worth looking into.

Ask an Expert

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12 Responses

    Default Gravatar
    OVTravellerDecember 20, 2021

    I wish to remit several 100k to a son who lives in Memphis USA! but was advised that the ANZ branches were not able to assist with this transaction. Please advise how to proceed, preferable with my ANZ bank

      Avatarfinder Customer Care
      AlisonJanuary 12, 2022Staff

      Hi,

      To make a transfer of that amount overseas, you’ll need to touch base with the ANZ International Payments team. This is a specific team that has specific security processes. To complete an international money transfer, you can call 1800 352 535, from overseas +61 3 9683 9999 (reverse charges) available from 8 am to 8 pm AEST (cut-off timeframe for an international money transfer is 7:30 pm AEST), Monday to Friday.

      Best,
      Alison

    Default Gravatar
    SueFebruary 20, 2018

    Which bank will allow me to open a trust account for Grandchildren if I don’t have their birth certificates?

      Default Gravatar
      JoelMarch 8, 2018

      Hi Sue,

      Thanks for leaving a question on Finder.

      We have a comparison of trust account for your children. However, you may need your child’s birth certificate and other forms of acceptable ID, for example, a Medicare card or school attendance letter. The documentation requirements vary between banks, so it’s a good idea to phone ahead and confirm what paperwork you need to bring. Finally, you will need to provide your Tax File Number (TFN) when you open an account. Read on for information about why this is important.

      Please check out the comparison table from the link above then click the name of your preferred account to find out the details and their minimum eligibility. You may then click the green ‘Go to site’ button to get in touch with the bank and to submit your application online.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Cheers,
      Joel

    Default Gravatar
    AlisonJanuary 31, 2018

    I’m moving to Australia from NZ. The money I’m bringing over is around $400,000. What’s the best and cheapest way for me to transfer. Which is the best account to open?

      Default Gravatar
      AshFebruary 16, 2018

      Hi Alison,

      Thank you for reaching out to us.

      You may like to reconsider opening a multi-currency account. This type of savings account allows you to hold different currencies (the popular ones) including NZD in one account. You can also deposit your money in NZD (with varying fees, depending on the account). When you arrive in Australia, you can then withdraw them in AUD denominations. While these accounts accept non-Australian citizens, they may require you to have an Australian address when you apply. Best to contact the bank first to confirm this info and discuss your other questions related to account opening. Please read through the guide on that page to get more details about how multi-currency accounts work and the possible fees you may incur.

      For your options in sending money to Australia, you may refer to our list of money transfer services with no maximum sending limit. Our page provides information on what you should know when sending large sums into Australia.

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.

      Cheers,
      Ash

    Default Gravatar
    BenjaminJanuary 7, 2016

    Can I open an ANZ banking account in Australia as a non-resident/tourist?

      Avatarfinder Customer Care
      ShirleyJanuary 7, 2016Staff

      Hi Benjamin,

      Thanks for your question.

      You can open an ANZ bank account if you intend to stay in Australia for an extended period of time, such as expats or migrants.

      Short-term tourist Visa holders may not be eligible and are assessed on a case-by-case basis.

      Cheers,
      Shirley

    Default Gravatar
    EdwardOctober 14, 2015

    What is the interest rate for Senior or retirement account.

      Avatarfinder Customer Care
      ShirleyOctober 15, 2015Staff

      Hi Edward,

      Thanks for your question.

      At the time of writing, interest rates for the ANZ Advantage Pensioner was 0.25% p.a. for balances below $2,000.

      Cheers,
      Shirley

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