ANZ Review 2026 — Fees, Savings, Home Loans and App

ANZ (Australia and New Zealand Banking Group) is Australia’s third-largest bank by assets and one of the Big Four. It is headquartered in Melbourne and has a significant Asia-Pacific presence, making it particularly strong for international banking and foreign exchange. In 2024, ANZ completed the acquisition of Suncorp Bank, significantly expanding its Queensland customer base.

This review covers ANZ’s everyday accounts, savings, credit cards, and home loans, and who ANZ suits compared to other major banks.

This is general information only. Rates and fees change frequently — verify directly with ANZ before making decisions.

ANZ at a Glance

Everyday Banking

ANZ Access Advantage

ANZ’s primary transaction account:

• Monthly fee: $5/month, waived if you deposit $2,000+ per month or are under 25
• Visa debit card with tap-and-pay, Apple Pay, Google Pay, Samsung Pay
• Access to ANZ’s branch and ATM network
• Basic budgeting tools in the ANZ app

ANZ Plus (Digital-First Account)

ANZ Plus is ANZ’s app-based banking platform — a separate ecosystem to its traditional banking. It offers:

• No monthly fees, no conditions
• Competitive savings rate on the Save account
• Smart saving features — round-ups, scheduled saves
• Automated goals and spending insights
• Separate app from the main ANZ app

ANZ Plus has gained traction as a cleaner alternative to ANZ’s traditional platform, especially among younger customers.

Savings Accounts

ANZ Save (via ANZ Plus)

ANZ’s most competitive savings rate is available through ANZ Plus:

• Earns a competitive rate — check current rate at ANZ
• Conditions apply: linked to an ANZ Plus transaction account and requires regular deposits
• No monthly fees

ANZ Online Saver (traditional)

• Lower rate than ANZ Plus
• Bonus introductory rate for new accounts
• Accessible alongside traditional ANZ accounts

Credit Cards

ANZ’s credit card range spans from low-rate cards to premium rewards:

ANZ Rewards points can be redeemed for merchandise, gift cards, travel, or converted to frequent flyer points (Qantas, KrisFlyer).

Home Loans

ANZ has invested significantly in improving its mortgage offering. Its ANZ Plus Home Loan (digital-first) competes on rate and features:

• Competitive variable rates
• Offset account available
• Application entirely online
• Fast approval process (for eligible applicants)

Traditional ANZ home loans (via broker or branch) include fixed and variable options, with a packaged home loan that bundles fee waivers.

ANZ acquired Suncorp Bank in 2024 — Suncorp Bank continues to operate as a separate brand in Queensland.

International Banking

ANZ is the strongest of the Big Four for customers with international needs:

• ANZ Travel Card: lock in exchange rates for up to 10 currencies
• International wire transfers via app or online banking
• ANZ branches in many Asia-Pacific countries
• Competitive international transfer fees compared to Big Four peers

For regular overseas transfers, specialist services (Wise, OFX) are still often cheaper — but ANZ’s international capabilities are the best among the Big Four.

The ANZ App

ANZ maintains two app experiences: the traditional ANZ app and the newer ANZ Plus app.

Traditional ANZ app:

• Account management, transfers, BPAY
• Card controls and spending categories
• Home loan management

ANZ Plus app:

• Cleaner interface, more proactive savings features
• Spend tracking and categorisation
• Round-ups and scheduled savings
• Higher savings rate on the Save account

Pros and Cons

Pros:

• ANZ Plus offers competitive savings rates with a clean digital experience
• Best international banking capabilities among the Big Four
• No fees on ANZ Plus accounts
• Suncorp Bank acquisition increases branch presence in Queensland

Cons:

• Traditional platform feels dated compared to CommBank and ANZ Plus
• Traditional savings rates not the most competitive
• Account fee on Access Advantage if deposit conditions not met
• Two separate app ecosystems can confuse customers

Who Is ANZ Best For?

ANZ suits Australians who frequently deal in foreign currencies, travel regularly, or have international financial ties. ANZ Plus is a strong option for digital-first customers who want competitive savings rates without the complexity of the traditional platform. For those who need branch access and a comprehensive product range, ANZ competes well with the other Big Four.

FAQ

Is ANZ Plus a separate bank? No — ANZ Plus is a digital banking platform operated by ANZ. Your deposits are still protected under the FCS up to $250,000.

Does ANZ own Suncorp Bank? Yes, ANZ completed the acquisition of Suncorp Bank in 2024. Suncorp Bank continues to operate as a separate brand.

Can I use Suncorp Bank ATMs with ANZ? Following the acquisition, ANZ and Suncorp Bank are progressively integrating. Check current fee arrangements with ANZ.

For advice on banking products suited to your circumstances, speak with a licensed financial adviser via MoneySmart. See also: CommBank Review | Australian Banks Compared