ANZ Access Advantage

  • ANZ
  • ANZ

  • Visa Debit or
    EFTPOS

ANZ Access Advantage Review

Review updated: 25 November 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 727
ANZ bank account reviews
6.6 6.5 7.6 7.9 7.5

Read ANZ bank account reviews by the Mozo community

Latest reviews of ANZ Access Advantage

  • Great online banking services

    1. Overall customer rating
    2. (Reviewed 13 days ago)

    Friendly staff at local branch and have been with them for years, trust them more than other banks!  Full review 

    Friendly staff at local branch and have been with them for years, trust them more than other banks!


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    ANZ bank account review by Ryan from Queensland

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

  • A shaky system but very helpful staff

    1. Overall customer rating
    2. (Reviewed 22 days ago)

    I love this bank, being a student I don't have to pay bank fees. The downside is, the optional extras are very hard to make happen, eg. Overdraw facilities and trying to link in a business account. Even with all the right paperwork and qualificati...  Full review 

    I love this bank, being a student I don't have to pay bank fees. The downside is, the optional extras are very hard to make happen, eg. Overdraw facilities and trying to link in a business account. Even with all the right paperwork and qualifications, it still seems like the final decision is based on a personal preference rather then a listed set of rules. On top of that, their system seems a bit all over the place. I had an account closed without my consent that had $xxx in it, and they couldn't explain why or tell me honestly where my money had gone..though it was sorted out eventually apart from that, I have only had a positive experience with this bank and its employees. When they have been helpful they have been very helpful.


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    ANZ bank account review by Ryan from New South Wales

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

  • No hassles.

    1. Overall customer rating
    2. (Reviewed 23 days ago)

    It's a bank! Banks are only interested in their own bottom line. We need banks, so the trick is to find one that offends you the least. I've had this account for over 35 years, so I guess they haven't annoyed me and that's as good as it gets.  Full review 

    It's a bank! Banks are only interested in their own bottom line. We need banks, so the trick is to find one that offends you the least. I've had this account for over 35 years, so I guess they haven't annoyed me and that's as good as it gets.


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    ANZ bank account review by Julie from Queensland

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

  • Brilliant and honest

    1. Overall customer rating
    2. (Reviewed 23 days ago)

    I was very happy with the ANZ bank but they have removed all ATMs and the branch from my local area and now we have to catch trains to the closest branch. Other than that it has been very easy banking with the ANZ bank.  Full review 

    I was very happy with the ANZ bank but they have removed all ATMs and the branch from my local area and now we have to catch trains to the closest branch. Other than that it has been very easy banking with the ANZ bank.


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    ANZ bank account review by Sarah from Western Australia

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

  • ANZ cost me $4,000, they offered me $100

    1. Overall customer rating
    2. (Reviewed 26 days ago)

    After making it crystal clear and confirming with the ANZ on the Wednesday 22nd jan BEFORE paying a fee for a special clearance that the funds would be available by the early afternoon of the 24th jan... The funds were subsequently NOT made avail...  Full review 

    After making it crystal clear and confirming with the ANZ on the Wednesday 22nd jan BEFORE paying a fee for a special clearance that the funds would be available by the early afternoon of the 24th jan... The funds were subsequently NOT made available and I suffered a $4,000 loss. The ANZ blamed Bankwest and I was offered $100 which eventually was upped to $500. My contract was with the ANZ not Bankwest. If they were unable to guarantee the clearance, that should have been made clear to me on the Wednesday 22nd. The ANZ do not live up to their responsibilities. The previous year after the sale of a property, my line of credit was reduced because of misinformation from the branch manager himself. In addition, surplus funds in excess of $100,000 went missing. The branch manager didn't even know where it was. Eventually it was discovered that the money went into a term deposit that was created without any authorisation or paperwork. It took a further week to get the bank to release the money and I was even penalised interest for the privilege. This delay also cost me money. Even after explaining that over $2,000,000 from a development in the UK will be coming back to Australia soon the short sightedness, arrogance, and indifference of the ANZ was insulting. It is clear the ANZ have no real morals and are only interested in numbers... All banks are the same ? Maybe ... but the ANZ manage to go that bit further in alienating their customers than any other bank I know. I have accounts with the Bank of Queensland who have always been great to deal with and Bankwest who are middle of the road. ANZ ... In my opinion are bottom feeders and the only advice I can give existing and potential customers is BE VERY CAREFUL...! Needless to say I have now closed all of my accounts with the ANZ.


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    ANZ bank account review by Marc from Western Australia

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

  • 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%
Debit card service fee

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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