Bank accounts rates, fees and agreements (2024)

Rates

The following information is current from and is subject to change.

ANZ Serious Saver account

Standard rate

Premium rate

Total

$0.00 +

% p.a.

% p.a.

% p.a.

Premium interest is earned when you make no withdrawals and deposit $20 or more (not including credit interest) on or before the last business day of the month.

Learn more about ANZ Serious Saver

ANZ Select account

Interest rate

$0.00 - $4,999.99

% p.a.

$5,000.00 +

% p.a.on entire balance

Learn more about ANZ Select

ANZ Online account

Interest rate

$0.00 +

% p.a.

Learn more about ANZ Online

ANZ Private Current account

Interest rate

$0.00 +

% p.a.

ANZ Private Reserve account

Interest rate

$0.00 +

% p.a.

ANZ PIE Fund – Call Option

Interest rate

$0.00 +

% p.a.

The interest rate is subject to change. Minimum balance of $500. The return is calculated daily and is allocated quarterly (in the form of additional units). The additional units are added to your PIE Fund account calendar quarterly (March, June, September and December).

A copy of the ANZ PIE Fund Information Brochure and Terms and Conditions is available below, from any ANZ branch, or by calling 0800 269 296.

Our Reserve Bank Disclosure Statement is available on this website or on request from any ANZ branch.

Account opening and eligibility criteria, terms, conditions and fees apply.

Fees

Everyday accounts

Description

Monthly account fee

Automated transaction fee

Manual transaction fee

ANZ Freedom Account

Enjoy the freedom to bank the way you want to.

AboutANZ Freedom Account

$5*

$0

$0

ANZ Go account

Avoid monthly account and transaction fees when you bank electronically.

AboutANZ Go account

$0

$0

$3 per transaction

ANZ Select account

An interest-bearing account when you have a balance of $5,000 or more.

AboutANZ Select account

$6**

$0

$0

ANZ Jumpstart account

If you’re under 21 or studying full-time^, enjoy no monthly account or transaction fees. You can also apply for some special lending benefits (see below).

AboutANZ Jumpstart account

$0

$0

$0

* We’ll waive this fee each month you deposit at least $2,500 into the accounton or before the last business day of the month. See our general terms and conditions for how we process deposits and cut-off times by channel. Deposits exclude transfers made between your ANZ accounts.

** We’ll waive this fee if your average monthly balance is $5,000 or more.

Definitions of Automated and Manual transactions

You can access any of these accounts using an ANZ Visa Debit or ANZ EFTPOS card. There is no annual fee for an ANZ Visa Debit or ANZ EFTPOS card. You must be 13 years or over to apply for an ANZ Visa Debit card.

Jumpstart account– lending benefits

If you hold a Jumpstart account and you’re 18 years or older, you can apply for the following lending products with special benefits. ANZ lending and eligibility criteria, terms, conditions and fees apply to all overdrafts, credit cards and personal loans. International students are only eligible to apply for an ANZ credit card.

  • Overdraft– Interest-free overdraft on application (up to $2,000), with no monthly Overdraft Management fee.
  • Credit Card– If you’re in full-time study^ you can apply for any new ANZ credit card and get a one year annual card fee waiver (limit one per customer).
  • Personal Loan– If you’re in full-time study^you can apply for a personal loan with a lower minimum loan amount of $1,000 (usually $3,000).

^ You must be enrolled at and provide proof of full-time study at a government recognised tertiary institution or a NZQA approved language school. When applying for lending benefits you must have a minimum of 6 months remaining on your course. International students are only eligible to apply for an ANZ credit card.

Overdrafts on everyday accounts

  • Overdraft application fee– $0
    There is no fee for new overdraft applications and applications to increase existing limits.
  • Unarranged overdraft fee– $3
    Applies if we choose to let you make payments or withdrawals or take any fees or charges, when you don’t have enough money in your account. We’re lending you money you don’t have and you must repay that money as soon as possible or when we ask. We charge the fee each month if you exceed your approved overdraft limit, or your account becomes overdrawn, by more than $10, for more than one day. This is charged in addition to excess interest.
    If you don’t have an arranged overdraft limit or you exceed your approved overdraft limit, you will be charged excess interest on the amount you have exceeded your overdraft limit by. The Excess Interest Rate is our Consumer Overdraft Base Rate plus 7% p.a.
  • Monthly Overdraft Management fee (for Jumpstart account)– $0
  • Monthly Overdraft Management fee (for other everyday accounts)– $3

Savings accounts

Description

Monthly account fee

Automated and manual deposit fee

Automated and manual withdrawal fee

ANZ Serious Saver account

Get rewarded with Premium interest and grow your savings faster.

About ANZ Serious Saver

$0

$0

First withdrawal in a month is free, $5 per month for two or more withdrawals*

ANZ Online account

Easy saving with online access anytime.

About ANZ Online

$0

$0

Automated withdrawal– $0

Manual withdrawal– $3 per transaction

* To earn Premium interest, you need to:

  • make no withdrawals, and
  • deposit $20 or more (not including credit interest) on or before the last business day of the month.
Definitions of Automated and Manual transactions

Key to account transaction charges

  • Automated transactions –include EFTPOS, Visa Debit, ATM, and mobile wallet transactions, as well as all electronic payments and other transactions made using ANZ Internet Banking, goMoney, Phone Banking, and ANZ Direct Online.
  • Manual transactions –include transactions handled by our staff for you, including at a branch, by phone, or online. Balances and basic account enquiries at a branch are free. We process any deposits received through ANZ Fast Deposit Boxes as staff-assisted, manual transactions.

Our account opening and eligibility criteria apply.

Debit and EFTPOS card fees

Description

Primary card fee

Replacement card fee

MyPhoto card

Urgent card delivery

ANZ EFTPOS

Access funds from your everyday andsavings accounts.

About ANZ EFTPOS

$0

$5

No charge**

Courier fee (domestic and international)

ANZ Visa Debit

Use it anywhere Visa is accepted– online, over the phone, in-store– to access funds from your everyday or savings account.

AboutANZ Visa Debit

$0

$5

No charge

Courier fee (domestic and international)

** Only available to existing MyPhoto EFTPOS customers

Fees that apply to mobile wallets and wallet cards

You can make contactless payments usingApple PayorGoogle Pay™ withan eligible card and a compatible device.

Any fees and charges we charge for your physical ANZ cards and ANZ accounts will also apply if you use a mobile wallet and wallet cards, including for overseas use. ANZ will not charge you any additional fees solely for setting up a wallet card in New Zealand.

Your mobile service provider may charge for downloading, updating and using a mobile wallet.

Your mobile service provider may charge additional fees to access the internet on your mobile device overseas. You’re responsible for any fees your mobile service provider charges you.

If you have concerns about a fee you’ve been charged by your mobile service provider, you should speak with them directly. For more information about mobile wallets, see the:

ANZ Electronic Banking Conditions (effective 29 July 2024) (PDF 198.7KB)

ANZ EFTPOS card and ANZ Visa Debit card (effective 23 January 2024) (PDF 135.8KB)

ANZ credit card conditions of use (effective 12 December 2023) (PDF 296.9KB)

ANZ with Apple Pay Terms and Conditions

ANZ Google Pay Terms and Conditions (effective 29 July 2024) (PDF 98.4KB)

Also available at anyANZ branchfree of charge.

ATM fees

  • ANZ and non-ANZ ATM fee– No charge
    Transaction fees may apply.
  • Overseas ATM fee– No charge
    Banks and other financial institutions who own overseas ATMs may charge a fee for using them. Currency conversion charges of 1.3% of the NZD amount also apply to foreign transactions.
  • ATM owner fee –$3
    We charge an ATM owner fee to customers of other overseas banks and financial institutions when withdrawing cash. This fee does not apply to ANZ customers. The fee also does not apply to customers using another New Zealand bank/financial institution’s card in our ATMs.

Branch fee

Non-ANZ overseas branch fee– not set by ANZ

Banks and other financial institutions who own branches overseas may charge a fee for using them. Currency conversion charges of 1.3% of the NZD amount also apply to foreign transactions.

Automatic payments and bill payments

Set up fee

  • Via staff in branch, over telephone or Bank Mail– $5
  • Through ANZ Phone Banking, ANZ goMoney and ANZ Internet Banking - No charge

Changes to payments fee

  • Via staff in branch, over telephone or Bank Mail– $5
  • Through ANZ Phone Banking, ANZ goMoney and ANZ Internet Banking– No charge

We don’t charge to delete an Automatic Payment, Bill Payment or Online Payment.

Same day cleared payment

  • Same day cleared payment fee (SCP)– $25

ANZ Internet Banking

  • OnlineCode– no charge

ANZ Phone Banking

  • Phone Banking calls– no charge

If calling from overseas, standard international call charges apply.

ANZ goMoney– mobile banking app

  • ANZ goMoney– no charge

There are no ANZ goMoney service fees. Standard mobile phone charges apply, depending on your mobile phone provider plan. If you have ANZ goMoney, you pay the data download rate for your mobile phone plan.

Bank account service charges– miscellaneous

Customer service investigation

  • Customer service investigation fee– $60 per hour (minimum $15)

Certificate of balance and interest

  • Non-commercial customers fee– $5
  • Commercial customers fee– $20

Auditor’s Confirmation Report for business, agri and personal customers

  • Auditor’s Confirmation Report standard fee: $65
  • Auditor’s Confirmation Report Less than 48 hours notice fee*: $130
    • This fee is charged when you request an Auditor’s Confirmation Report from ANZ
    • A form is required which includes the ability to automatically create a report on an annual basis
    • The fee must be debited from an ANZ transactional account
    • *This fee will apply if you give us less than 48 hours notice of needing an Auditors Confirmation Report.

Credit retrieval fee

  • Credit retrieval fee*– $25
    There is no charge for additional transactions sent in the same request.

* A credit retrieval fee may be charged when assisting a customer (on a best endeavours basis) to recover funds incorrectly paid to a third party’s account. This fee applies irrespective of whether the funds are successfully recovered from the recipient of the payment.

Bank accounts rates, fees and agreements (2024)

FAQs

What fees are associated with a bank account? ›

7 common banking fees
  • Monthly maintenance/service fee.
  • Out-of-network ATM fee.
  • Excessive transactions fee.
  • Overdraft fee.
  • Insufficient fund fee.
  • Wire transfer fee.
  • Early account closing fee.
  • Bottom line.

Which bank is giving 7% interest in savings accounts? ›

No, there is not a savings account that pays 7% APY right now. The Landmark Credit Union Premium Checking Account pays 7.50% APY, but only on balances up to $500. If you keep more than $500 in your account, you're better off opening a high-yield savings account that pays a slightly lower rate on your total balance.

What fees do banks charge? ›

These fees may be charged on a one-time or ongoing basis. Examples of bank fees range from account maintenance charges, withdrawal and transfer fees, automated teller machine (ATM) fees, non-sufficient fund (NSF) fees, late payment charges, and others.

What banks don't charge account fees? ›

Best free checking accounts
  • SoFi Bank, N.A. SoFi Checking and Savings. NerdWallet Rating. ...
  • Chime® Chime Checking Account. NerdWallet Rating. ...
  • Ally Bank. Ally Bank Spending Account. NerdWallet Rating. ...
  • Alliant Credit Union. High-Rate Checking. ...
  • One. One Debit. ...
  • Navy Federal Credit Union. Navy Federal Credit Union Free EveryDay Checking.
Aug 5, 2024

Do all bank accounts have monthly fees? ›

Switch to a No-Fee Checking Account

If you're open to switching banks, there are plenty of no-free checking accounts. These accounts charge no monthly maintenance fees and often have no minimum deposit or balance requirements. On top of that, many of them don't charge overdraft or ATM fees either.

What is the fee structure of an account? ›

A Fee Structure is a template that can be used while making Fees records or generating them via the Fee Schedule. The Fee structure can be fetched while creating the Fees for each student.

Can you get 6% on a CD? ›

You can find 6% CD rates at a few financial institutions, but chances are those rates are only available on CDs with maturities of 12 months or less. Financial institutions offer high rates to compete for business, but they don't want to pay customers ultra-high rates over many years.

Which bank gives 8% interest on savings accounts near? ›

Which bank gives 8% interest on a savings account? Currently, no banks offer an interest rate of 8% on savings accounts. However, some banks provide a 7% APY on checking accounts.

What is the highest interest rate banks are paying? ›

Our picks at a glance
APYEstimated earnings
My Banking Direct High Yield Savings5.35%$534.77
Laurel Road High Yield Savings5.15%$514.78
Varo Savings Account5.00% on up to $5,000, then 3.00%$400.24
LendingClub Bank High-Yield Savings5.00%$500.07
6 more rows

What bank fees are hard to avoid? ›

Here are seven common banking fees and how to avoid them.
  • Monthly Maintenance Fee. Some banks, credit unions and other financial institutions charge a monthly maintenance or service fee to keep your accounts open. ...
  • Out-of-Network ATM Fee. ...
  • Overdraft Fees. ...
  • Nonsufficient Funds Fee. ...
  • Stop Payment Fee. ...
  • Check Fees. ...
  • Inactivity Fee.
Jan 18, 2023

Which bank charges the most fees? ›

Axis Bank has relatively higher charges, with a few outlier charges for “non-maintenance of balance” in metro and urban accounts, “non-financial transactions from own bank ATMs” and “failed Standing Instruction”, the report said.

How to avoid Bank of America savings account fees? ›

You can avoid the Monthly Maintenance Fee when you meet ONE of the following requirements during each statement cycle: • Maintain a minimum daily balance of $500 or more in your account, OR • Ask us to link your account to your Bank of America Advantage Relationship Banking®, Bank of America Advantage® with Tiered ...

What bank accounts don t charge? ›

Who offers fee-free bank accounts?
Name of bankFee-free basic bank account name
SantanderBasic Current Account
NatWestFoundation Account
Ulster Bank (Northern Ireland)Foundation Account
Royal Bank of ScotlandFoundation Account
7 more rows
May 17, 2022

Which bank account has no charges? ›

With IDFC FIRST Bank, you pay zero charges on all commonly used Savings Account services. You may not realize it, but over time, these add up to a lot of savings for our customers. We don't charge you, even when you are not looking.

Which is the best bank to open an account? ›

Top Savings Bank Accounts of 2024
Bank NameInterest Rate of Savings Bank AccountMinimum Balance
IDFC First BankBalance of Rs.200 Crore and above3.50% per annum
Bank of IndiaBalance up to Rs.1 Lakh2.75% per annum
Balance above Rs.1 Lakh2.90% per annum
Kotak Mahindra BankBalance up to Rs.50 Lakh3.50% per annum
43 more rows

What do fees for checking accounts include? ›

Associated transaction fees: Since your chequing account is used for daily banking, there are a number of transactions like debit payments or Interac eTransfer transactions associated with it that are covered by the monthly fee.

What are fees on account? ›

The legal profession has one of the highest Debtor ratios of any profession. This has led to many firms insisting on payments on account. This means paying money up front towards the legal costs before the work is done.

What are two fees associated with a savings account? ›

Bank fees may vary from monthly service fees of around $5 to stop payment and insufficient fund fees of as high as $35. Avoiding fees on your savings account is important if you wish to maximize the interest your money earns, especially with today's low interest rates.

What are bank maintenance fees? ›

Quick Answer. A monthly maintenance fee is a charge you may have to pay each month for having an account open at a specific financial institution. There are ways to avoid checking account monthly maintenance fees, including checking your bank's rules for exemption requirements or switching banks.

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