For current ANZ customers who are students, or students who are considering becoming an ANZ customer, an ANZ Student Access Advantage account might be just what you need. The main benefit of the ANZ Student Access Advantage account is the $0 account fee. However, to be eligible, you’ll need to be a full time student and show a valid student card to an ANZ representative at the beginning of each year.
Arguably one of the coolest aspects of the ANZ Student Access Advantage account is the power to customise your card with an image of your choice, for free. This let’s you deck out your card with a cute picture of a cat, your favourite Avenger or hey, why not both?
There’s no minimum account balance required to open an account and if you have $50,000 - $99,999 in the account you’ll earn 0.01%, while having over $100,000 will earn 0.02% interest. Although if you have close to $50,000 then you should probably consider putting into a savings account instead, for a better return on your money.
If you’re travelling internationally you’ll still be able to use your debit card. Although you’ll be hit with not just a $5 ATM fee, but also a 3% foreign exchange commission.
Who it's good for:
In short, students. As you won’t have to pay an account fee, getting this account over the standard ANZ Access Advantage account, while save you $5 a month.
While being able to withdraw money from international ATMs can certainly be helpful while you’re on holiday or exchange, the 3% foreign exchange commission, along with the $5 overseas ATM fee means that each withdrawal could be a little costly.