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Savings Automator

Savings Automator

Save money automatically

Setting up an ANZ Savings Automator is a great way to kick start your savings.

An ANZ Savings Automator isn’t just one account, but a series of linked accounts, with names that match your savings need, and automatic transfers occurring throughout the month.

It may be useful if you’re saving for multiple goals and want to keep funds separate, or if you need the convenience of an automated process for managing your money.

How does it work?

You simply set up automatic transfers so that once your pay goes into your everyday account, nominated amounts go into your dedicated savings accounts. An ANZ Savings Automator can be tailored to meet your specific savings needs.

Set up your accounts so that on this date... ... these actions happen
Pay day Your salary is deposited into your everyday account
The day after pay day Automatic transfer from your everyday account to each of your savings accounts (eg Holiday, Rent, Bills)
Throughout the month Bills and rent expenses deducted from bills and rent accounts

Example 1

Example 1

Lucy is saving for a new car and wants to put aside a set amount from her salary each month. Her Savings Automator consists of an ANZ Access Advantage¹ account and one ANZ Online Saver² account that she has named ‘Car’ through ANZ Internet Banking.

Lucy is paid fortnightly, and has set up a recurring automatic transfer of $50 the day after pay day from her ANZ Access Advantage account into her ‘Car’ account. As the funds come out automatically she hardly misses the money!

Example 2

Example 2

Phil is saving for a holiday to Fiji, but is also paying rent and wants to set aside a fixed amount each month for general bills. His Savings Automator consists of an ANZ Access Advantage¹ account and three ANZ Online Saver² accounts named ‘Holiday’ ‘Rent’ and ‘Bills’.

Phil has his salary paid monthly into his ANZ Access Advantage account. The day after pay day $200 is transferred into the ‘Holiday’ account, $1,500 into the ‘Rent’ account and $500 into the ‘Bills’ account. Phil knows that the amount left in his ANZ Access Advantage account can be spent throughout the month.

  • How do I get started?

    Click for details If you do not have an ANZ everyday account.
    1. Complete an online application form, to open an ANZ Online Saver account and select which transaction account you'd like to open (eg ANZ Access Advantage).
    2. Visit an ANZ branch to complete an identification check. If required, ask the branch staff to open additional ANZ Online Saver accounts for your multiple savings goals, and ask to be registered for ANZ Internet Banking.
    3. Advise your employer of the BSB and account number of your new ANZ everyday account for them to deposit your salary or wage.
    4. Log on to ANZ Internet Banking and customise your ANZ Online Saver accounts with a name to reflect your saving goals (ie 'Holiday'). You can do this by clicking on ‘Customise your account’ under ‘Quick Links’ located under your account balances.
    5. Determine how much you would like transferred, into which accounts and on which day. Then, set up recurring transfers from your everyday account into your saving account(s). You can do this by clicking on ‘Transfer between my accounts’ from the left hand navigation, selecting the account details, amount, and select ‘Recurring Transfer’.

    Online application form

  • Click for details If you currently have an ANZ everyday account.
    1. The easiest way to open multiple ANZ Online Saver accounts for your multiple savings goals is by calling ANZ on 13 13 14. At the same time, check that you are registered for ANZ Internet Banking and eStatements. eStatements allow you secure 24/7 access to statements via ANZ Internet Banking2
    2. If you haven't already done so, advise your employer of the BSB and account number for your ANZ transaction account to deposit your salary or wage.
    3. Log on to ANZ Internet Banking and customise your ANZ Online Saver accounts with a name to reflect your saving goals (i.e. 'Holiday'). You can do this by clicking on ‘Customise your account’ under ‘Quick Links’ located under your account balances.
    4. Determine how much you would like transferred, into which accounts and on which day. Then, set up recurring transfers from your everyday account into your saving account(s). You can do this by clicking on ‘Transfer between my accounts’ from the left hand navigation, selecting the account details, amount, and then selecting ‘Recurring Transfer’.
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