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.
If you have a Healthcare or Concession card you can open an ANZ Access Basic account instead. This is similar account but there's no monthly fee.
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.
The Progress Saver is ANZ's bonus savings account option. It offers a variable interest rate up to 4.25%
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.
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.
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.
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.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio
Alison's expertise
Alison has written 626 Finder guides across topics including:
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.
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.
With its flexibility in purchase options and virtually fee-free transactions, this is an everyday account to consider if you are able to meet the monthly minimum deposit requirement.
Does Anz have a o fee transaction card for travelling overseas?
Finder
AlisonJune 22, 2023Finder
Hi Donna, both ANZ bank accounts (the ANZ Plus and ANZ Access Advantage) charge international transaction fees and international ATM fees.
Our guide on Travel Debit Cards may help with your research and comparison: https://www.finder.com.au/bank-accounts/best-debit-card-to-use-overseas
Thanks,
Alison
SeanMay 3, 2023
The interest rates for the ANZ Advance Notice Product are incorrect as per ANZ’s website. You should update them given you have a ‘fact checked’ tick at the top of the page – seems to be not fully fact checked.
Am I covered for up to $250,000 for monies on my ANZ bank accounts? Is the ANZ Bank covered by the Federal Guarantee Scheme in the event of a collapse? Is the ANZ bank in which I have my funds at – Kew Branch- incorporated in Australia? The Guarantee applies only to Banks incorporated in Australia … Does it apply to my ANZ Bank here in Kew, Melbourne? Please advise urgently…
Finder
AlisonMarch 20, 2023Finder
Hi Savas,
Yes, your deposit up to $250,000 in an ANZ account is covered by the government’s guarantee scheme.
Thanks,
Alison
georgeNovember 17, 2022
hi there
how can i open a anz joint account online
Finder
AlisonNovember 22, 2022Finder
Hi George,
If you are looking for an ANZ joint account, you can choose between, ANZ Access Advantage and ANZ Online Saver. Both of these savings accounts have joint account access. You can apply directly on their website. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
All the best,
Alison
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
Finder
AlisonJanuary 12, 2022Finder
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
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Does Anz have a o fee transaction card for travelling overseas?
Hi Donna, both ANZ bank accounts (the ANZ Plus and ANZ Access Advantage) charge international transaction fees and international ATM fees.
Our guide on Travel Debit Cards may help with your research and comparison: https://www.finder.com.au/bank-accounts/best-debit-card-to-use-overseas
Thanks,
Alison
The interest rates for the ANZ Advance Notice Product are incorrect as per ANZ’s website. You should update them given you have a ‘fact checked’ tick at the top of the page – seems to be not fully fact checked.
Hi Sean,
The rates are correct as per ANZ’s website, which you can see here: https://www.anz.com.au/personal/bank-accounts/manage-my-accounts/rates-fees-terms/#termdeposit
Note that the rates shown on our page are for interest paid at maturity, or annually for deposits 1+ year long.
Am I covered for up to $250,000 for monies on my ANZ bank accounts? Is the ANZ Bank covered by the Federal Guarantee Scheme in the event of a collapse? Is the ANZ bank in which I have my funds at – Kew Branch- incorporated in Australia? The Guarantee applies only to Banks incorporated in Australia … Does it apply to my ANZ Bank here in Kew, Melbourne? Please advise urgently…
Hi Savas,
Yes, your deposit up to $250,000 in an ANZ account is covered by the government’s guarantee scheme.
Thanks,
Alison
hi there
how can i open a anz joint account online
Hi George,
If you are looking for an ANZ joint account, you can choose between, ANZ Access Advantage and ANZ Online Saver. Both of these savings accounts have joint account access. You can apply directly on their website. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
All the best,
Alison
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
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