ANZ Pensioner Advantage

A helping hand for the community.

For customers who are eligible for a concession account

If you receive a Centrelink allowance or a Veterans’ Affairs pension or allowance you may be eligible for ANZ's concession bank account, ANZ Pensioner Advantage.

With no monthly account service fee, ANZ Pensioner Advantage is about affordable banking with banded interest rates3, allowing you to make the most of your funds.

Plus, if you're aged 18 or over you may have access to an ANZ Access Visa Debit so you can enjoy the freedom to access your own money online, over the phone and overseas, wherever Visa is accepted.

Upgrade to the ANZ Access Visa Debit card

Existing ANZ Pensioner Advantage customers can upgrade to an ANZ Access Visa Debit Card with payWave.

If you would like to add an ANZ Access Visa Debit card to your existing account4, please either visit your local ANZ branch or call 1800 008 177 Monday - Friday, 8am-8pm (AEST).

ANZ Pensioner Advantage is covered by the Australian Government Deposit Guarantee Scheme2.

  • You could save money with no monthly account service fee.
  • With Visa Debit4 access, you can use your own money online, over the phone and overseas, wherever Visa is accepted.
  • Enjoy the added security of ANZ Falcon™ fraud monitoring your ANZ Visa Debit card transactions - even when you’re shopping overseas or online. All transactions are automatically protected by ANZ Falcon™ which monitors your transactions for unusual or suspicious activity.
  • Unlimited access to ANZ ATMs Phone and Internet Banking, plus branch, cheque and EFTPOS1.
  • Bank the way you want – cheque book available on request.
  • Make your money work harder – earn banded interest3 on your money (different rates of interest apply to different parts of your account balance).
  • Visa payWave, a new contactless payment feature on the ANZ Access Visa Debit4 card allowing you to pay for purchases under $100 without swiping, signing, or entering a PIN at any merchants who have a contactless terminal.
  • Choose from 3 card colours for your ANZ Access Visa Debit card.

Everyday Debit Black   Everyday Debit pink   Everyday Debit blue

 

To open an ANZ Pensioner Advantage account, you must:

  • be an Australian resident, with an Australian address who can complete the ANZ Customer Identification Process in Australia upon opening the account or be an existing ANZ customer.
  • receive an eligible Centrelink pension or allowance or a Veterans’ Affairs pension or allowance and have had your financial investments assessed for their entitlement to that pension or allowance.
  • have your pension or allowance paid into your ANZ Pensioner Advantage account.

Eligible pensions and allowances include:

  • 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.

If you do not receive a Centrelink pension or allowance or a Veterans' Affairs pension or allowance, ANZ has other concession accounts for which you may be eligible.

Interest rates

Interest rates shown below only apply to ANZ Pensioner Advantage.

Amount Interest rate
Balances below $2,000 loading product data(View current rates)variable
Balances between $2,000 and $44,600 loading product data(View current rates)variable
Balances over $44,600 loading product data(View current rates)variable

Interest is banded and paid quarterly3.

Fees and charges

No monthly account service fee applies.

Apply for ANZ Pensioner Advantage

Telephone icon Call us on 1800 008 177, from 8.00am to 8.00pm (AEST) Monday to Friday.

Visit branch icon Visit any ANZ branch

Existing ANZ Pensioner Advantage account customer?

If you would like to add an ANZ Access Visa Debit card to your account4, please either visit your local ANZ branch or call 1800 008 177 Monday - Friday, 8am-8pm (AEST).

ANZ Pensioner Advantage is covered by the Australian Government Deposit Guarantee Scheme2.


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

  1. Fees may apply including overseas transaction fees. Please refer to ANZ Personal Banking Account Fees and Charges (PDF 104kB) for fees and charges that apply.
  2. Deposit accounts with ANZ with balances of up to and including A$250,000 in total are guaranteed by the Federal Government with out charge. The guarantee applies to the total balance held in one or more ANZ deposit accounts by each legal entity, up to a maximum amount of A$250,000. For further information please refer to the Financial Claims Scheme.
  3. A banded rate of interest means that different rates of interest apply to different parts of your account balance. For example, the interest we pay on the part of your balance between $2,000 and $44,600 may be different from the interest we pay on first $1,999 of the balance. Interest rates are variable and subject to change.
  4. Eligibility criteria apply to issue of ANZ Access Visa Debit card.

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 Terms and Conditions and the Financial Services Guide (PDF 512kB) before acquiring the product.

™ANZ Falcon is a trademark of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Falcon is a trademark of Fair Isaac Corporation.

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