ANZ Business Banking Review
Comprehensive analysis of ANZ business bank accounts, fees, features, and application process for New Zealand businesses.
ANZ Business Banking: Pros & Cons
Advantages
- Largest branch and ATM network in New Zealand
- Comprehensive online and mobile banking platform
- Strong business lending and finance options
- Advanced business tools and reporting
- Multi-currency accounts available
- API access for integrations
Disadvantages
- Higher fees compared to smaller banks
- Complex fee structure can be confusing
- Less personal service for small businesses
- Minimum balance requirement of $2,000
- Can be bureaucratic for simple requests
Key Features
ANZ Internet Banking for Business
Full-featured online platform with advanced reporting, bulk payments, and cash management tools.
Mobile Banking App
Award-winning mobile app with business-specific features, mobile deposits, and real-time notifications.
Business Debit & Credit Cards
Range of business cards with expense management tools and rewards programs.
Multi-Currency Accounts
Hold and transact in multiple currencies with competitive foreign exchange rates.
API Access
Connect to accounting software like Xero and MYOB with secure API integration.
24/7 Business Support
Dedicated business banking support available around the clock for urgent issues.
Fee Structure
| Fee Type | Amount | Notes |
|---|---|---|
| Monthly Account Fee | $10.00 | Fixed monthly charge |
| Transaction Fee | $0.25 | After 20 free transactions |
| Minimum Balance | $2,000 | No penalty if maintained |
| International Transfer | $15-25 | Plus foreign exchange margins |
| Overdraft Facility | 10.95% | Variable rate, subject to approval |
Who Should Choose ANZ Business Banking?
Established Businesses
Companies with regular revenue and transaction volumes who need comprehensive banking services.
International Traders
Businesses involved in import/export who need multi-currency accounts and international payment capabilities.
Growth-Oriented Companies
Businesses planning to expand who need access to lending, advisory services, and advanced banking tools.
Frequently Asked Questions
What are ANZ business bank account fees?
ANZ Business Current Account charges a $10 monthly fee with 20 free transactions included. Additional transactions cost $0.25 each. Minimum balance requirement is $2,000.
How do I apply for an ANZ business bank account?
You can apply online at ANZ.co.nz or visit a branch. You'll need company registration documents, director ID, proof of business address, and an initial deposit of at least $2,000.
Does ANZ offer business lending?
Yes, ANZ offers comprehensive business lending including overdrafts, term loans, equipment finance, and commercial property loans. Rates and terms depend on business circumstances and creditworthiness.
Ready to Bank with ANZ?
Compare ANZ with other banks to make sure it's the right choice for your business.