ANZ bank accounts

3.7
Based on 4,825 ANZ bank account product reviews.
Fact Checked
Last updated

ANZ is one of Australia's "Big Four" banks, with a history dating back to 1835. As one of the country's largest financial institutions, ANZ serves over 8.5 million customers across Australia, New Zealand, and some other markets. It offers a range of banking products including everyday accounts, home loans, credit cards, and insurance.

ANZ has established itself as a leader in digital banking through its ANZ App, which provides features like PayID for fast payments, Voice ID authentication, and integrated digital wallet capabilities. While embracing digital innovation, ANZ maintains a network of branches and ATMs throughout Australia, making it accessible to customers who prefer traditional banking.

Below, we explore the pros and cons of the ANZ Access Advantage account. 

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Mozo's ANZ bank account review

Access Advantage

Account fee
$5.00
$0 monthly account fee if you deposit min. $2,000 per month or meet other eligibility criteria.
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay, Garmin, Fitbit, PayTo
Interest rate
0.00 % p.a.
No Partner link
  • No monthly account fee when depositing $2,000+ monthly

  • Advanced security features including Voice ID and ANZ Falcon

  • Digital wallet integration with major providers

  • Cashback rewards through Cashrewards partnership

  • $5 monthly account fee if deposit criteria not met

  • Some transactions incur additional fees (e.g. overseas transactions)

  • Debit interest may apply if account is overdrawn

Our verdict

The ANZ Access Advantage account stands out as a versatile everyday banking solution that combines traditional banking features with modern digital capabilities. Through its integration with the ANZ App, the account offers a bunch of security features like Voice ID for larger payments and temporary card blocking for added security.

While there is a $5 monthly fee, it's waived with a $2,000 monthly deposit, making it particularly suitable for regular income earners. The account comes with an ANZ Visa Debit card that supports all major digital wallets, including Apple Pay and Google Pay, providing flexible payment options for both in-store and online purchases.

A standout feature is the integration with Cashrewards, offering cashback opportunities at over 2,000 retailers. Combined with ANZ's fraud protection guarantees and 24/7 Falcon security monitoring, this account provides a mix of convenience, security, and rewards.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank accounts here.
Last updated 22 December 2024 Important disclosures

ANZ bank accounts

  • Access Advantage

    Account fee
    $5.00
    $0 monthly account fee if you deposit min. $2,000 per month or meet other eligibility criteria.
    Payment options
    Apple Pay, Google Pay, PayID, Samsung Pay, Garmin, Fitbit, PayTo
    Interest rate
    0.00 % p.a.
    No Partner link

  • Student Access Advantage

    Account fee
    $0.00
    Payment options
    Apple Pay, Google Pay, PayID, Samsung Pay, Garmin, Fitbit, PayTo
    Interest rate
    0.00 % p.a.
    No Partner link

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ANZ bank account ratings

Overall customer rating for ANZ bank accounts

3.7
Based on 4,825 product reviews.

Customer reviews

Important disclosures

ANZ products

Bank account quick links

FAQ

What are the account eligibility requirements?

To open an ANZ Access Advantage account, you must be:

  • 12 years or older
  • An Australian resident
  • Have an Australian residential and mailing address
How can I avoid the monthly account fee?

The $5 monthly fee is waived if you:

  • Deposit at least $2,000 per month
  • Meet other eligible criteria (such as holding eligible concession cards)
Is my money protected?

Yes, ANZ is covered by the Government's Financial Claims Scheme, protecting deposits up to $250,000. Additionally, ANZ offers fraud protection through ANZ Falcon™ and the ANZ Fraud Money Back Guarantee.

Are there any transaction limits?

Yes, there are daily transaction limits:

  • $1,000 for Pay Anyone transactions
  • $10,000 for BPAY payments
  • Higher limits available with Voice ID verification

^See information about the Mozo Experts Choice Bank Account Awards

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