ANZ Bank is New Zealand’s largest financial services group. Until 2012, the bank operated as ANZ National Bank but was renamed after that brand merged with ANZ (Australia and New Zealand) Group. The bank now operates as a subsidiary of ANZ Banking Group.
What eventually became the ANZ we know today started life in 1840 when Union Bank of Australia, a British bank, established itself in New Zealand as a bank for settlers. After a series of mergers and exponential growth, the bank moved its headquarters to Melbourne, Australia, in 1976. A new New Zealand head office was opened in Wellington in 1983.
ANZ purchased PostBank in 1989 and National Bank of New Zealand (from LloydsTSB) in 2003. ING NZ was purchased in 2010, forming the OnePath subsidiary. This acquisition gave the bank increased access to investment advice for investment and insurance services it offered.
ANZ New Zealand has several brands, including UDC Finance, Direct Broking and Bonus Bonds. The bank also has international offices in Hong Kong, Singapore, New York and London.
ANZ Bank Products and Services
The standard ANZ personal current account is named ANZ Advantage and has a range of features including a debit card, internet banking and smartphone app. Customers paying in more than $2000 a month pay no service fees (usually $5 each month). ANZ also has a service called Falcon that monitors customer accounts for any potentially fraudulent activity.
ANZ also has a range of credit card options, including Platinum, Rewards and Student cards.
For business banking customers, ANZ offers cash flow management, savings and investments, loans and lending, insurance and international trade and finance solutions. ANZ also works with corporate banking clients, offering:
Finance and investment
International trade services
ANZ Bank Security
ANZ Bank has extensive security information available via their website. ANZ Bank in the UK is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority.