Compare different ANZ accounts to suit your savings needs.
ANZ began operations under the name of Bank of Australasia in 1835 and now rates among the top banking institutions in Australia. It now has a presence in over 33 markets in the world – Australia, New Zealand, Pacific, Asia, Middle East, America and Europe.
Compare ANZ personal banking below
ANZ personal banking gives you the ability to open different kinds of banks accounts depending on your needs and goals. You get to choose from everyday bank accounts, savings accounts and term deposits. This bank can help you open an account if you’re migrating to Australia and it also provides an online switching service that enables you to switch your accounts to ANZ with ease. If you currently hold any concessional benefits from the Government, you may also be eligible for fee waivers.
- ANZ's SWIFT code: ANZBAU3M
ANZ: First bank from the big four to launch Apple Pay
Apple Pay lets you buy items in shops and online with eligible apps using fingerprint ID. All you need to do is hold your iPhone 6s, iPhone 6 or iPhone SE to the reader with your finger on Touch ID. Your card details are never shared and it's never stored on your phone.
You can also use your Apple Watch or iPad to pay for items. At this stage, you can buy items on your iPad using participating apps, with Kickstarter and Fancy soon accepting Apple Pay.
Setting up Apple Pay
Open the Wallet App on your compatible iPhone > Tap the + sign on the top right hand corner > Use your iPhone's camera to take a photo of the card (you can also manually enter the details) > Enter your card security code and accept ANZ's terms and conditions > Verify your setup via SMS
Image source: Apple.com
What’s internet banking like for ANZ?
The ANZ online and mobile banking platforms give you the ability to view your statements online and check account balances, activate their cards, update personal information and transfer funds between accounts.
ANZ’s online banking system relies on the use of 256-bit SSL encryption technology to protect transfer of data. It also relies on automatic time outs. ANZ Shield provides added safety.
- Use ANZ’s online banking platform to transfer funds overseas
- Ppay bills using BPAY
- The ANZ Internet Banking guarantee offers protection against unauthorised transactions
- MoneySmart Week Awards: Winner of ‘Outstanding’ award in MoneySmart Week community category for flagship adult financial education program, MoneyMinded, 2013.
- MoneyManagement / DEXX&R Adviser Choice Risk Awards: Risk Company of the Year, 2010, 2011, 2012, and 2013.
- Money Magazine: Business Bank of the Year, 2013.
- Money Magazine: Bank of the Year and Home Lender of the Year, 2012.
What about the mobile app?Image Source: App Store and Apple.com
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What transaction accounts are offered by ANZ?
- ANZ Access Advantage
You can access money in this account using a Visa debit card at ATMs, EFTPOS terminals, online and over the phone. If you deposit at least $2000 in the account each month you don’t have to pay monthly fees.
- ANZ Pensioner Advantage
This everyday account is for individuals who receive the Veterans' affairs pension, allowance or Centrelink allowance – there are no account keeping fees. Account holders get a linked Visa debit card, usable at millions of locations worldwide (including online).
- ANZ Access Basic
You can apply for this account if you are an eligible concession card holder and there are no monthly fees. There is no minimum balance requirement and you get unlimited access to ANZ ATMs.
- Benefits for seniors
Individuals over the age of 60 receive senior banking benefits which include unlimited branch transactions and no monthly fees charged on one nominated account.
- Benefits for students
You don’t have to pay any monthly account keeping fees for their ANZ Access Advantage accounts. You can get the fee waiver if you’re a full time student studying at an eligible Australian institution.
- Benefits for children
Those under 18 years of age can apply for the ANZ Access Advantage account with no monthly fees. Children over 14 years of age can access funds in their accounts using Visa debit cards.
What high interest savings accounts are offered by ANZ?
- ANZ Online Saver
Earn interest while also receiving easy access to your money through a linked ANZ everyday banking account. New customers stand to earn a bonus rate for the first 3 months. This account does not charge any account keeping fees and has no minimum balance requirements.
- ANZ Premium Cash Management Account
This account awards you with interest on money in between investments. You can access your money as and when required via ATMs, EFTPOS terminals, phone banking, internet banking, ANZ bank branches and BPAY. This account offers tiered interest rates.Back to top
What term deposits are offered by ANZ?
- ANZ Term Deposit
The minimum amount required to open this term deposit is $5,000 and terms can vary in between 1 month and 5 years. You don’t have to provide any notice period to access funds in this account and no notice is required to access the funds.
- ANZ Advance Notice Term Deposit
This term deposit offers a better rate than the one mentioned above, but it requires that you provide at least 31 days notice if you want to access your funds before maturity. You can open this term deposit with a minimum of $5,000 and it does not attract any account keeping fees.
ANZ stands out by offering a unique term deposit account which pays a higher rate of interest, while allowing you to give notice for when you want to make your withdrawal, rather than having to wait for the account to reach maturity.
To close your account you'll need to speak to the customer service team at ANZ directly. The process should take up to 5 minutes and you'll be required to provide the details of your account and identity.
finder.com.au is an online comparison and information service. We will not be able to handle any closure requests.
What are the pros and cons of banking with ANZ?
- Accounts for all. You can look forward to getting a suitable everyday or savings accounts to match you needs, even if you’re a student or a retiree.
- Global presence. While you should not have too much trouble locating an ANZ branch around Australia, you can even expect to find its branches in countries around the world.
- Large ATM network. ANZ has more than 2,600 ATMs across Australia.
- Conditions for fee waivers. With particular ANZ accounts, you have to meet certain criteria to qualify for monthly fee waivers.
- SMS alerts. ANZ doesn't have alerts in their standard online banking platform, nor their iPhone apps. However, they do have comprehensive alerts system through their web app 'ANZ Money Manager'.
There are reports of a hoax email being sent around warning the recipient of an unknown PayAnyone transaction. The email requests that you log into a URL specified by the email, log in as per usual and to fill in responses to some standard security questions. Once these details have been entered, the site then appear to be under maintenance.
What to do if you think you've fallen victim to a scam, or suspect someone is trying to scam you
If you notice any unusual activity on your account, please contact ANZ directly. Their security team is available 24/7.
How do I apply for an ANZ account?
You can apply for an ANZ bank account online – simply click on the ‘Go to Site’ button.
Eligibility to apply online
Bear in mind you have to meet the bank’s eligibility criteria to apply:
- You meet age requirements
- You must have an Australian residential address
- You must be an Australian resident for taxation purposes
Applying for an ANZ account requires that you provide certain information, which includes the following:
- Personal details like your name, residential address, email address, phone number and date of birth
- Documents to verify your identity
What happens after I apply?
If a debit card is linked with your account, your ANZ Welcome Package (with your new card) should arrive within 2 weeks from when the account was opened.
While you can consider opening an ANZ bank account, know that you’ve got a number of financial institutions from which to choose, so compare accounts offered by a few before applying.