ANZ Personal Overdraft
Your personal line of credit
ANZ Personal Overdraft is a credit facility that can be a feature of selected ANZ everyday accounts. It gives you the convenience of extra cash, with the flexibility to pay for anything from unexpected bills to large purchases whenever you like.
Links to your ANZ everyday account
ANZ Personal Overdraft could be added as a feature to these ANZ everyday accounts: ANZ Access Advantage, ANZ One and ANZ Access Select.
Only pay interest on what you use
You’ll have easy access to the money, but you won’t pay any interest charges on any credit you don’t use.disclaimer
No fixed repayments
With an ANZ Personal Overdraft, you can use and repay funds as it suits you - you’re in control.
It’s easy to access
Simply access funds in the same way as you normally bank, including the ANZ Appdisclaimer, ANZ ATMs, EFTPOS and Internet Banking, or at any ANZ Branch.
The variable interest rate |
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Approval fee
Credit limit: Under $20,000 |
$100 |
Credit limit: $20,000- $49,999 |
$200 |
Credit limit: $50,000 and over |
$500 |
Credit limit |
$1,000 minimum |
Credit facility fee (charged quarterly, advised on applicationdisclaimer)
Credit limit: Less than $20,000 |
$200 p.a. |
Credit limit: $20,000 or more |
1.7% of the limit p.a. |
To be eligible, you need to:
- Be at least 18 years old
- Earn a minimum of $15,000 per annum
- Be an Australian citizen, permanent resident or have a valid visa
Details to have handy
- Income, employment and financial commitment details
- Driver's licence (if you have one)
- Your ANZ Account number or Customer Registration Number (if you have one)
How to apply
Print and complete the ANZ Overdraft Application Form (PDF 208kB), then submit it to us using one of these ways:
Return it to any ANZ branch
Fax: 1800 269 040
Post it to:
Consumer Assessments
C/o ANZ Bank Locked Bag 2600
Collins Street West Post Office
Melbourne, VIC 8007
All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.
Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. ANZ recommends you read the ANZ Assured and Personal Overdraft Terms and Conditions (PDF 134kB), ANZ Personal Banking Account Fees and Charges (PDF 190kB) and the Financial Services Guide (PDF 104kB) which are available at anz.com or by calling 13 13 14, before deciding whether to acquire, or continue to hold, the product. Fees, charges and eligibility criteria apply.
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The interest rate applicable as at is but is variable and may change.
ReturnThe ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS and here for Android and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
ReturnThe fee is payable in arrears on the quarterly charging date. The fee is calculated by dividing the quarterly credit facility fee by the number of days in the quarter, then multiplying by the number of days the facility was in effect for that quarter. The quarterly charging dates occurs every 3 month anniversary from the account inception date or such other date as nominated by ANZ. For example if the account inception date was 12 January then the quarterly charging dates for a calendar year would be 12 April, 12 July, 12 October and 12 January. Where the quarterly charging date falls on the 29th, 30th or 31st of a month which does not contain such a date, the fee will be charged on the proceeding business day.
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