Bank Saving Account Tips

Banking is an essential service for many people. Here are a few Bank Saving Account Tips. With so many demands on money and time it can be hard to ensure that your everyday banking is working to your very best advantage. Whether you need a wide range of banking services or can make use of lower cost banking options, it is important that you use products and services which suit you. In this section we provide a few tips on better ways to bank which you may find useful. In summary we discuss:

Organising your day-to-day finances
How to make sure you’re running the right accounts
How to use the bank when it suits you
Bringing your banking together

Organise your day-to-day finances.

If you want to control your money and know your exact financial position at any time, planning is vital.

For example:
listing down your monthly expenditure can help you see where your money is going
once you have this broader picture, you can redirect or reduce your expenses
budgeting can give you a clearer focus on what you want to do with your money
budgeting can help you isolate unwanted or ‘hidden’ expenses.

For more budgeting advice, you may want to talk to the New Zealand Federation of Family Budgeting Services, the Consumers’ Institute or Citizens Advice Bureau.

Run the right accounts.

Choose the right accounts for your way of banking.
In day-to-day banking transactions, a mix of flexibility and convenience is important to most people. To get the best from your banking, identify your specific needs and think about how you are likely to use each account.

You may want easy access to your funds or a better interest rate. You may want to write cheques, or use ATMs and EFTPOS facilities. How often you make transactions is another important consideration when choosing an account, because some accounts incur lower or less frequent transaction fees than others.

Now it’s time to see what kind of account suits you best. ANZ offers a full range of products and services, giving you the opportunity to use what is right for you now, with the flexibility to cope with changes in your circumstances.

Remember, choosing the right account now could save you time and money tomorrow.

Investigate special options or packages.
It’s always in your best interests to ask about options or packages for which you might be eligible. For example, at ANZ under 18s, students, graduates and superannuitants can apply for certain special benefits.

What extras would help your banking?
Think about products or services that might complement and improve your banking. An overdraft is one example.
Like many people, there may be times when you need more money than you’ve got in available funds. ANZ Assured is a simple overdraft product to cover such times. With ANZ Assured you can apply for a credit limit of either $500 or $1,000 on your account in case it should ever become overdrawn. (ANZ lending criteria and credit facility fee apply. A loan approval fee applies for applications for a $1,000 credit limit).

A quick summary:
identify what you need and how you will use an account
think about how often you will use an account
shop around
check to see if you’re eligible for any special packages
ask about other products or services that might improve your banking.

Bank when it suits

Many people now want the convenience of access to funds at a time and place that suits them. If that sounds like your way of ‘going to the bank’, simply choose the kind of access that suits you – whether it be banking by Internet, phone, ATMs or EFTPOS. You may want to use them all!

ANZ Phone Direct
ANZ Phone Direct is ANZ’s telephone banking service and provides a wide range of value-added services. With ANZ Phone Direct you can check your account balances, obtain information on previous transactions, transfer money between your linked accounts and pay bills. There is no call charge for the first five calls to ANZ Phone Direct each calendar month, and you can make as many transactions as you like every time you access the service using your Customer Registration Number and PIN. From non-cellular phones, you can call ANZ Phone Direct toll free on 0800 103 123. Customers calling ANZ Phone Direct from their mobile (cellular) phone, will need to call (04) 472 5533 or (09) 363 5533.

ANZ Internet Banking
ANZ Internet Banking allows you to access all the features of ANZ Phone Direct plus a few more. Whether you want to get an account balance, transfer funds, pay a bill and/or use Pay Anyone# to pay a third party at another New Zealand financial institution, you can do so from the comfort of your own PC.

To find out more about ANZ Internet Banking, click here.

ANZ does not charge you to log on to ANZ Internet Banking, or to check your balances and view your transaction history. Transactions completed via ANZ Internet Banking and ANZ Phone Direct are subject to transaction fees and service charges.

#Registration to Pay Anyone is required. Eligibility criteria apply.

ATMs
ANZ also has more than 300 ATMs in New Zealand, all of which you can use 24 hours a day.
In addition, EFTPOS allows you to make purchases at thousands of retail outlets, with funds debited directly from your account and, often, a cash-out facility.

Using ATMs and EFTPOS can also help you reduce over-the-counter branch withdrawal fees.

Then of course you have access to full in-branch personal banking services at any ANZ branch nationwide, during normal business hours.

Bring your banking together

Keep your banking under one roof
Keeping all your accounts in the one bank not only streamlines your banking, it could save you money.
For example, ANZ customers who have a home loan or investments with us are sometimes eligible (upon application) for a reduction in their account fees. If you are in a position to offer one financial services provider the majority of your banking business, it’s certainly something worth asking about.

Consolidate your debts.
Debt can creep up on all of us. With a multitude of debts you might only be able to pay the minimum required each month, never seeming to make worthwhile inroads into your total debt. If that sounds like you, it’s time to think about the benefits of debt consolidation:

you could save on interest if you consolidate several debts into one loan that is financed at a lower interest rate
you could save on transaction fees relating to each individual debt
paying off one loan is easier to manage.

For advice on debt management, you may wish to contact the New Zealand Federation of Family Budgeting Services.

Close accounts you no longer use
Decide which accounts you don’t need and don’t use – and close them. Unused accounts often still incur fees, so it’s in your best interests to make a decision to use them or lose them.

Utilise bank expertise and information.
Banks are here to help you use products and services that offer you some financial or service benefit.
We at ANZ have a wealth of information and personal help available to you – at our branches, on the phone or on the Internet.

We encourage you to take advantage of the expertise and information banks offer to help you make informed decisions about the management of your finances

 

 

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