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Banking in Australia and New Zealand

ANZ has a large banking presence in both Australia and New Zealand; you can be assured that as one of our customers, all your banking needs will be catered for. Whether you need a basic savings or cheque account, investment account, home loan, personal loan, insurance, or foreign exchange services, ANZ has a product to suit the individual customers and business owners alike.

Australian currency

  • The currency used in Australia is the Australian dollar.
  • One dollar ($) = 100 cents (c)
  • Notes: $100 (green), $50 (yellow), $20 (orange), $10 (blue), and $5 (pink).
  • Coins: $2, $1, 50c, 20c, 10c, 5c.

New Zealand currency

The currency used in New Zealand is the New Zealand dollar.

One dollar ($) = 100 cents (c)

  • Notes: $100 (red), $50 (purple), $20 (green), $10 (blue), and $5 (orange).
  • Coins: $2, $1, 50c, 20c, 10c.

Ways to pay


People in Australia and New Zealand usually do not carry large sums of money around. However cash is accepted everywhere, and you will typically use cash to pay for small things such as buying newspapers and other small purchases, public transport, entertainment like going to the movies or dining out.


Most shops and businesses will let you pay electronically through EFTPOS. This payment is directly debited from your nominated savings or cheque account. Some businesses will even allow you to withdraw cash from your account through their EFTPOS facility.

Credit cards

Most medium to large sized businesses and retail shops will accept major credit cards such as Visa or MasterCard. ANZ in Australia and New Zealand issues a variety of credit cards with a range of interest rates, charges, and loyalty programs. We can help you determine which credit card will best suit your needs. So come talk to us about our range of Australian credit cards or New Zealand credit cards.


Personal cheques are not commonly used for purchases in Australia and New Zealand and not all retailers will accept them. Before paying by cheque, check with the retailer first to make sure it will be accepted.


BPAY® is a service that allows you to pay bills easily through Internet Banking. This payment can be through any savings account, cheque account, or credit card.

Want to know more about Australian banking terms?

®BPay is registered to BPAY Pty Ltd ABN 69 079 137 518.