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.
Which bank will allow me to open a trust account for Grandchildren if I don’t have their birth certificates?
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
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?
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
BenjaminJanuary 7, 2016
Can I open an ANZ banking account in Australia as a non-resident/tourist?
Finder
ShirleyJanuary 7, 2016Finder
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
EdwardOctober 14, 2015
What is the interest rate for Senior or retirement account.
Finder
ShirleyOctober 15, 2015Finder
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
NopsSeptember 24, 2015
Request For Information on Opening a Savings Account
I would like to introduce myself as a permanent resident of New Zealand with foreign passport. I would like to open an online savings account to enable my Aussie share dividends to be paid into this bank account as a requirement of receiving my Aussie dividends from Aussie companies. I am also an investor in Aussie companies.
Please kindly let me know the process and procedure to open such savings account with your bank.
Thank you with best wishes.
Nops.
Auckland, New Zealand.
Finder
ShirleySeptember 25, 2015Finder
Hi Nops,
Thanks for your question.
Please note that to open an account with ANZ in Australia as a first-time customer, you’re required to present valid ID at a local branch.
An alternative you may want to consider is to approach an ANZ branch in New Zealand and requesting that they open an Australian bank account for you using their brand relationship.
Another alternative could be to use a multi-currency account issued in New Zealand.
Cheers,
Shirley
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Which bank will allow me to open a trust account for Grandchildren if I don’t have their birth certificates?
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
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?
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
Can I open an ANZ banking account in Australia as a non-resident/tourist?
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
What is the interest rate for Senior or retirement account.
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
Request For Information on Opening a Savings Account
I would like to introduce myself as a permanent resident of New Zealand with foreign passport. I would like to open an online savings account to enable my Aussie share dividends to be paid into this bank account as a requirement of receiving my Aussie dividends from Aussie companies. I am also an investor in Aussie companies.
Please kindly let me know the process and procedure to open such savings account with your bank.
Thank you with best wishes.
Nops.
Auckland, New Zealand.
Hi Nops,
Thanks for your question.
Please note that to open an account with ANZ in Australia as a first-time customer, you’re required to present valid ID at a local branch.
An alternative you may want to consider is to approach an ANZ branch in New Zealand and requesting that they open an Australian bank account for you using their brand relationship.
Another alternative could be to use a multi-currency account issued in New Zealand.
Cheers,
Shirley