ANZ

Saving Tips: Get more from my account

1. Check you have the right account. 2. Organise your finances. 3. Maximise your savings. 4. Minimise your fees.

Saving Tips -# 1 Check you have the right account	top

It's a great idea to regularly check and make sure you have the account that best suits your needs.

There are three ways to check your account is right for you:

1. Visit any ANZ branch - a consultant will assess your needs and change your account if required.
2. Call us on 13 13 14, 24 hours a day, seven days a week – a helpful consultant will discuss your requirements and change your account if required to help meet your needs and goals.
3. Use our online account selector - enter different scenarios to find the best account to suit your needs.

 

Saving Tips - #2 Organise your finances	top

Ok, so you have your accounts set up correctly - what next?

Easy access to your accounts
You need to make sure you have easy access to the money you need for day-to-day living and a way of keeping your savings out of reach – so you won’t be tempted.

ANZ Internet Banking and ANZ Phone Banking are easy ways to check your balances and transfer money as needed. Learn more about these services:

• ANZ Internet Banking
• ANZ Phone Banking

Set up your regular transfers via Internet Banking
Setting up regular transfers from your ANZ everyday banking account to a dedicated ANZ savings account is easy when you use ANZ Internet Banking and what’s more, it’s free. With ANZ Internet Banking you can also use the 'Pay Anyone' function to transfer money to external accounts.

To have your account set up with ANZ Internet Banking or ANZ Phone Banking, please call us on 13 13 14, 24 hours a day, seven days a week or visit any ANZ branch.

Set up your Periodical Payments
If you need help setting up your regular transfers or payments, you can visit any ANZ branch or call 13 13 14, 24 hours a day, seven days a week. Setting up a Periodical Payment is a great way of starting your savings plan. The money will be withdrawn from your account (on a date requested by you) and transferred to another account.

To change, stop or defer this payment, you will need to contact ANZ before midday on the day the payment is due. You can do this by visiting any ANZ branch or calling 13 13 14, 24 hours a day, seven days a week. For Periodical Payments over $5,000 you must visit any ANZ branch.

Please Note: You will be charged $4 per payment to non ANZ accounts (free for Access Deeming accounts)

 

Saving Tips -#3 Maximise your savings	top

Whether you are saving for a holiday or a new car, it is important to set up a dedicated savings account and a savings plan.

Here are three easy steps to meeting your savings target:

Step 1 – Decide on your savings target.
	You will need to decide what you are saving for, when you will need the money and how much you will need.
Step 2 – Set up regular transfers.
	Setting up a regular transfer of money from your ANZ everyday bank account to a dedicated ANZ savings account using ANZ Internet Banking is free. Alternatively you can visit any ANZ branch or call 13 13 14, 24 hours a day, seven days a week and we will set up a regular transfer from your ANZ everyday bank account to a dedicated ANZ savings account. This will help keep your savings on track. For Periodical Payments over $5,000 you must visit any ANZ branch. Please note: You will be charged $4 per payment to non-ANZ accounts (free for ANZ Access Deeming accounts).
Step 3 – Minimise fees to maximise savings.
	Understand how your accounts work, so you don’t exceed your free transactions each month or overdraw your account by accident. That way, you won’t be paying any unnecessary fees and you will be able to stick to your savings plan.

 

Saving Tips - #4 Minimise your fees	top

Conducting your day-to-day banking doesn’t need to cost a lot. By selecting the right account, monitoring your transactions and using electronic banking, you can reduce the amount you pay in fees. Here are a few quick tips.

Reduce the number of accounts you have
If you have a number of accounts, you may be incurring fees on each account. You may want to consider consolidating your accounts.

Use 'fee-free' services where possible
It is worthwhile checking out what fees you incur with each transaction and how many 'fee-free' transactions you receive each month. Transactions conducted via ANZ Internet Banking generally don't incur additional fees. View the ANZ Fees and Charges brochure.

Investigate fee exemptions or packages
It is in your best interest to ask about fee exemptions or packages for which you might be eligible, such as the Students Benefits package or the Seniors Privilege package. To check if you are eligible for either of these options or other ANZ packages, please visit any ANZ branch.

Use ANZ branded ATMs
Use ANZ branded ATMs to withdraw cash from your ANZ accounts to avoid fees charged for using other bank ATMs. ANZ ATM balance enquiries on your ANZ accounts are free.

Keep your bank statements
The Australian Taxation Office requires you to retain your personal bank statements for seven years for tax purposes. Regularly reviewing your statements allows you to monitor your spending habits and ensures there are no errors or unauthorised transactions.

Always check your account balance
Always check your account balance before you withdraw money or if a regular payment is due from your account. This means that you don't overdraw your account and incur any unnecessary fees.