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Concession card holders - Accounts

Concession card holders

Concession card holders - A helping hand for the community

If you are a concession card holder or receiving Government benefits, you may be eligible for one of ANZ’s concessions on everyday bank accounts.

ANZ Access Basic – an account that offers affordable convenient banking with no monthly account service fees while providing easy access to your funds.

ANZ Access Deeming – enjoy banded interest rates, ANZ Access Visa Debit card access and no monthly account service fees for affordable banking.

Both ANZ Access Basic and ANZ Access Deeming offer eligible Government benefit recipients a range of benefits including:

  • Save money on your banking – pay no monthly account service fee
  • Flexible banking – no minimum balance requirements to be eligible for the account benefits
  • Convenient and easy banking – unlimited access to ANZ ATMs, ANZ Phone Banking & Internet Banking, plus branch and EFTPOS1
  • Cheque book option available with ANZ Access Deeming account
  • With an ANZ Access Deeming account, make your everyday purchases on your ANZ Access Visa Debit Card using your own money.

 

Interest rates

Interest rates only apply to ANZ Access Deeming accounts. There is no interest paid on ANZ Access Basic accounts.

Rates
Amount Interest rate
$0 - $1,999 1.25% p.a.variable
$2,000 – $38,399 2.00% p.a.variable
$38,400 and above 3.00% p.a.variable
Fees and charges
  ANZ Access Basic ANZ Access Deeming
Monthly account service fee $0 $0
Card Type ANZ Access card ANZ Access Visa Debit card
Access options Unlimited access to ANZ ATMs, Phone & Internet Banking, plus branch and EFTPOS1 Unlimited access to ANZ ATMs, Phone & Internet Banking, plus branch, cheque and EFTPOS1

To open an ANZ Access Basic or ANZ Access Deeming account you must: 

  • Be an Australian resident, with an Australian address - who can complete a customer identification process in an ANZ branch upon opening the account or be an existing ANZ customer
  • Hold the account in a personal name (no company or trading accounts)
  • Have your income, pension or allowance paid into your ANZ account
  • For joint accounts – both parties must have their pension or allowance paid into the account
  • Be a recipient of payments from Centrelink or the Australian Department of Veterans' affairs. Eligible allowances also include:

Access Basic

  • Seniors Concession card
  • Pensioner Concession card
  • Centrelink Health Care card
  • Repatriation Health card (Department of Veterans’ Affairs)

Access Deeming

  • Aged pension
  • Disability Support pension
  • Widow’s pension or allowance
  • Wife’s pension
  • Carer’s pension
  • Sole parent’s pension
  • Service pension
  • Incentive allowance
  • New start allowance (including Mature Age allowance and Mature Partner allowance)
  • Sickness allowance
  • Special Benefit allowance
  • Partner allowance
  • Parenting allowance

You may also need (if applicable):

  • pension type
  • pension number
  • Centrelink or Veterans' Affairs number.

It is not compulsory to provide your Tax File Number (TFN) – however, if you choose not to provide this, ANZ is required to deduct withholding tax from any interest earned on your ANZ Access Deeming account above a certain threshold.

Saver Plus – a program that can assist you to save for education expenses and can provide dollar for dollar matching for your savings.

How to apply

To apply you will need to visit your nearest ANZ branch or call us on 13 33 33 between 8.00am and 8.00pm AEST, Monday to Friday.

Unsure if either the ANZ Basic Account or ANZ Access Deeming is the right everyday banking account for you?

Compare all ANZ savings accounts to see which account could best suit your needs.

ANZ Access Deeming and ANZ Access Basic are covered by the Australian Government Deposit Guarantee scheme3.

Terms and conditions are available on application. Fees and charges apply.

1. Fees and charges apply. Please refer to ANZ Personal Banking Account Fees and Charges (PDF 112kB) for fees and charges that apply.

2. Fees may apply including overseas ATM fees and transaction fees.

3. This is a deposit product offered by ANZ. Deposits with ANZ of up to and including A$1 million in aggregate will continue to be automatically guaranteed by the Federal Government without charge. The $1 million fee-free guarantee threshold is calculated on the total deposits held in one or multiple ANZ accounts by each ‘legal entity’. For deposits of more than A$1 million, we will offer customers the ability to opt-in to receive the benefit of the guarantee for a monthly fee of 0.7%pa. This is the fee we will be charged directly by the Federal Government as a AA rated bank. For information about what is a ‘legal entity’, please refer to the Federal Government Guarantee on Deposits fact sheet.

4. Special Term Deposit rate is current as at Tuesday, 10th November 2009 and subject to change. A minimum investment of $5,000 is required. This interest rate is not available with other offers. Interest is payable at maturity. Fees and charges apply. If you choose to reinvest your funds in an ANZ Term Deposit following the conclusion of the term, the applicable interest rate will be determined at the time of reinvestment.

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 Product Disclosure Statement and the Financial Services Guide (PDF 208kB) before acquiring the product.

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