ANZ Access Advantage

  • ANZ
  • ANZ

  • Visa Debit or
    EFTPOS

ANZ Access Advantage Review

Review updated: 1 April 2014
Review published: 4 October 2012

What's hot:

  • No minimum balance

What's not:

  • $5 monthly fee

Mozo snapshot:

The ANZ Access Advantage account is your standard bank account with unlimited ANZ ATM access, internet and phone banking. It has a $5 monthly service fee which is value for money if you need regular branch access or teller assistance (This fee is waived if you deposit $2000 into your account each month). If you do all your banking electronically there are other fee free options on the market that are worth considering. You can also get an image of your choice on your card for free, so this could be Fluffy or Buster's chance to finally score a place in your wallet!

Key features:

There are no minimum opening deposits or minimum balance requirements with an ANZ Access Advantage account. You'll get unlimited transactions from ANZ ATMs, phone and internet banking, full branch access, and EFTPOS.

As with most everyday transaction accounts the interest on balances is minimal - 0% on balances under $50,000, 0.01% above $50,000 and 0.02% over $100,000.

The ANZ Access Advantage account comes with a Visa debit card that has PayWave access, so you can make transactions under $100 simply by flashing your card. Plus Visa debit transaction have ANZ's Falcon fraud protection monitoring so you'll have peace of mind when online shopping.

If you're heading overseas you'll need to plan carefully if you want to avoid high fees with the ANZ Access Advantage. Overseas ATM withdrawals cost $5 a pop and purchases attract a 3.0% foreign exchange commission.

Who it's good for:

The ANZ Access Advantage is particularly good for anyone who needs full branch access on a regular basis as all over the counter and teller assistance is included in the $5 monthly fee.

If you are a full time student or you deposit over $2000 each month into the account, the monthly account fee can be waived.

Any catches?

The ANZ Access Advantage account has a $1000 a day ATM withdrawal limit, so you'll need to plan in advance if you're going to make any large purchases.

How are ANZ bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
ANZ bank account 7.6 Based on 573
ANZ bank account reviews
6.6 6.3 7.6 7.9 7.5

Read ANZ bank account reviews by the Mozo community

Latest reviews of ANZ Access Advantage

  • Has gone downhill

    1. Overall customer rating
    2. (Reviewed about 10 hours ago)

    High account fees. Branch services very slow with long queues.  Full review 

    High account fees. Branch services very slow with long queues.


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    ANZ bank account review by Ken from Victoria

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  • Secure your future

    1. Overall customer rating
    2. (Reviewed about 12 hours ago)

    We were an ordinary 2 income family, only just making our way financially, until ANZ showed us how to invest in residential housing and kept lending to us to increase our real estate holdings as our equity increased in value. After 10 years, we ha...  Full review 

    We were an ordinary 2 income family, only just making our way financially, until ANZ showed us how to invest in residential housing and kept lending to us to increase our real estate holdings as our equity increased in value. After 10 years, we had enough to retire comfortably on the realised accumulations, even though we capitalized our assets in a very poor selling market. ANZ showed us how.


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    ANZ bank account review by Bob from Queensland

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  • Great customer service

    1. Overall customer rating
    2. (Reviewed 25 days ago)

    I have banked with ANZ since teenage years. I have had an investment property with them also. I refinanced last July, from a financially debilitating mortgage, and changed to ANZ. I really did not think I would be eligible for a refinance. It took...  Full review 

    I have banked with ANZ since teenage years. I have had an investment property with them also. I refinanced last July, from a financially debilitating mortgage, and changed to ANZ. I really did not think I would be eligible for a refinance. It took 3-4 months for one to come through, which is a long time, and without going into detail, it finally did and I was over the moon. They wanted to help me and they were patient and thorough. I was actually $ 1000 better off per month. I was also able to get frequent flyer credit cards as part of the package. And I also rolled over some super that I have much more control over.


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    ANZ bank account review by Kirstine from Queensland

    1 person found this review helpful – do you? Yes flag

  • Thanks ANZ

    1. Overall customer rating
    2. (Reviewed 25 days ago)

    Hassle free banking either online, on my phone or in a branch where there are more ANZ branches than any other is the reason I like to bank with ANZ.  Full review 

    Hassle free banking either online, on my phone or in a branch where there are more ANZ branches than any other is the reason I like to bank with ANZ.


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    ANZ bank account review by Cathy from Western Australia

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  • More help for single parents

    1. Overall customer rating
    2. (Reviewed 28 days ago)

    ANZ is good for every day banking, however they don't give single parents an option to apply for a loan even with a regular income from government agencies.  Full review 

    ANZ is good for every day banking, however they don't give single parents an option to apply for a loan even with a regular income from government agencies.


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    ANZ bank account review by Kimberlee from Victoria

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  • Show more reviews

Rates

Rates
Balances from $0: 0.00%pa.
Balances from $50,000: 0.01%pa.
Balances from $100,000: 0.02%pa
Special Rates
none
Special rate conditions
none

Fees

Account fee
$5.00
Account fee waiver
$0 monthly account fee if you deposit min. $2,000 per month
Free transactions per month
Unlimited free transactions from own-bank ATM, EFTPOS, cheque, counter withdrawals, counter deposits, phone and internet
Network ATM fee
$0.00
ATM networks
ANZ
Other bank ATM fee
$0.00
Over the counter deposit fee
$0.00
Over the counter withdrawal fee
$0.00
Eftpos fee
$0.00
Phone fee
$0.00
Internet fee
$0.00
Cheque fee
$0.00
Overseas ATM fees
$5.00
Foreign exchange commission
3.00%

Other financial bits

Minimum opening deposit
$0.00
Minimum balance
$0.00

Features

Daily atm withdrawal limit
$1,000.00
Eftpos card
yes
Mastercard debit card
no
Visa debit card
yes
Branch access
yes
Cheque book
yes
BPAY
yes
Australia post banking
no
Other restrictions
none
Other benefits
none

About ANZ

ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ goMoney, it's easier to do banking on the go.

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