Changes to ANZ rates, fees and agreements
Changes to ANZ fees and charges
We’re making changes to some of our fees and charges for business and commercial customers. These changes will come into effect from 25 November 2024.
The main reason behind those changes is to simplify the way our fees and charges work, or to reduce or remove them entirely.
Here’s a summary of the changes:
- Introduction of a Staff assisted transaction fee to reflect the cost to ANZ of providing this service with free alternative options available through digital channels.
- Increasing certain fees to better reflect the cost to us of providing those products and services. These include:
- Overdraft management fee in some circumstances for customers with Business Overdraft facilities
- Cheque books although other cheque related fees are removed
- Term Deposit early withdrawal (break) fees and charges in some circumstances
- Combining similar fees into one fee to reduce complexity.
- Simplifying some fees to reduce complexity.
- Removing some fees.
- Making some other changes to the documents.
Further detail of these changes can be found on our fee changes page. If you have any questions, please do not hesitate to contact us on +670 330 6100 or visit our branch.
The following documents will be updated to reflect these changes:
- ANZ Savings & Transaction Products Terms and Conditions
- ANZ Fees and Charges Customer Banking Services
Updated copies of these documents will be available from 25 November 2024 on our fees and charges page or our product terms and conditions page and in our branches upon request.
Here's a copy of this customer notice in Portuguese.
Changes to ANZ interest rates
We’re increasing the interest rates on ANZ Term Deposits, effective 15 May 2023.
See below for a summary of the changes.
ANZ Term Deposits ($2,000 - $499,999)
|
Current interest rate |
New interest rate |
1 month |
0.05% p.a. |
0.18% p.a. |
2 months |
0.05% p.a. |
0.25% p.a. |
3 months |
0.05% p.a. |
0.30% p.a. |
6 months |
0.10% p.a. |
0.30% p.a. |
12 months |
0.10% p.a. |
0.50% p.a. |
These changes will be reflected on our interest rates page from 15 May 2023.
All term deposit interest rates are subject to change after the fixed term. Interest rate changes apply to local currency term deposits only. All interest rates are advised on a per annum (p.a.) basis. ANZ terms and conditions and fees apply.
If you have any questions, please do not hesitate to contact us on +670 330 6100 or visit an ANZ branch.
Changes to the ANZ General Banking Conditions
For customers in Timor Leste who use Transactive Global, we’re changing our current ANZ General Banking Conditions (dated 2014). This includes changes being made to various schedules to those ANZ General Banking Conditions.
These changes will apply from 1 July 2022, subject to any specific agreed terms you may have negotiated with us. Please contact your Relationship Manager if you have any questions.
See the updated ANZ General Banking Conditions on the online forms page.
Changes to ANZ Timor-Leste Standard Trade and Supply Chain Tariffs
We're changing certain fees applicable to ANZ’s trade and supply chain offering as detailed below.
The following changes will apply from 15 November 2021.
| Trade Finance & Supply Chain Product/Service | Current fee | New fee |
|---|---|---|
| Trade Loan – Prepayment | $100 | $250 |
| Shipping Guarantee | On application | 2% p.a. of the instrument amount (minimum $500) |
| Airway Bill Release | On application | 2% p.a. of the instrument amount (minimum $500) |
| Guarantees/Standby Letters of Credit | ||
| Issuance | On application | 2% of the issuance amount (minimum $500) |
| Amendment – increase in amount only* | As per new credit | 2% of the amount of the increase (minimum $500) |
| Amendment – complex** | As per new credit | Aggregate of Issuance fee and 2% of the amount of increase (minimum $500) |
| Amendment – all other amendments | $75 | $75 |
* Increase in instrument amount only
** Increase in instrument amount and extension of expiry date/event
The following fees will no longer be charged as these products and services are no longer offered by ANZ:
· Imports Documentary Collections – Avalisation
· Exports Documentary Collections - Clean Cheque
· Guarantees/Standby Letter of Credit – Negotiation
· Guarantees/Standby Letter of Credit – Confirmation
Various other changes have been made to the content of the ANZ Timor-Leste Standard Trade and Supply Chain Tariffs document to clarify the basis on which fees will be charged by ANZ for trade finance and supply chain products and services.
The updated ANZ Timor-Leste Standard Trade and Supply Chain Tariffs will be available online from 15 November 2021, and will apply subject to any specific terms you may have negotiated with us. Please contact your Relationship Manager if you have any questions.
For full details of all the fees applicable to ANZ’s trade finance and supply chain offering, please read the ANZ Timor-Leste Standard Trade and Supply Chain Tariffs.
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