Positive Balance Transfer from ANZ Credit Card?

silenthillrocks on 22/07/2021 - 09:16
Last edited 22/07/2021 - 12:57 by 1 other user

Does anyone have experience with transferring out a positive balance from an ANZ credit card? Will there be any fees for this if it's done online?

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ANZ

• 

  Unorthodox on 22/07/2021 - 09:20

  +2

  Have been able to get it credited to my normal transaction account with ANZ before. (Also done the same with CBA).

  To be honest, if it's not a huge amount, better to just spend it versus calling up as it can be a nightmare getting through to ANZ sometimes

• 

  ddxsamx on 22/07/2021 - 09:28

  +1

  I've just transferred out some positive balance for some accomodation refunds (~1200 odd) on a Bankwest CC - no issues.

  https://www.australianfrequentflyer.com.au/community/threads…

  ^ some ANZ customers there all stating no issues - hope this helps

• 

  silenthillrocks on 22/07/2021 - 09:29

  Thanks above - leaning towards just spending it . I have done it before with Bankwest as well no probs - but have seen mixed reports re ANZ.

• 

  Seraphin7 on 22/07/2021 - 10:22

  +1

  Unless you're talking about a material amount (i.e. more than month or two worth of normal spending), it's just far easier to leave it and spend it. Half the battle with this stuff is speaking to someone who actually understands what you're talking about, trusting them to get it right, and the angst associated with it all happening as advertised.

  Keep control in your hands for as much of a deal as you can.

• 

  dbui8743 on 22/07/2021 - 11:17

  +1

  And if you don't want the hassle but need the cash and don't mind 2.5$ for transferring out of a credit card, you can transfer it yourself on internet banking.

• 

  frostface on 22/07/2021 - 11:59

  +1

  I tried getting cash out from an ATM when my replacement ANZ eftpos card got lost in the mail, and got charged a cash advance fee despite the CC being in credit. Probably worth going into a branch and asking.

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  onetwothreefour on 22/07/2021 - 12:30

  I accidentally transferred approx $2k to the wrong ANZ credit card so it had a positive balance. I called ANZ and they said wait 24 hours then you will be able to transfer the money out of that card with no fees.

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  Baysew on 22/07/2021 - 12:54

  ANZ Credit Card Accounts (excluding ANZ Balance Visa
  and ANZ Rewards Travel Adventures)
  • A 2% fee or the minimum fee set out below, whichever is
  greater, will be charged if you obtain a cash advance from
  your credit card account. An ATM operator fee may also apply.
  • If the account (based on transactions processed by ANZ) is in
  credit balance at the time we process the cash advance, the
  credit amount will offset the amount of the cash advance in
  the calculation of the 2% fee.
  • A minimum fee of $4.00 will apply for cash advances made
  outside Australia at an ATM, bank or other financial institution
  or ANZ office.

  Make an internet transfer and there won't be a fee on ANZ Credit Cards (Except for those noted) in Credit.

  • 

    silenthillrocks on 22/07/2021 - 13:01

    Hmm looks like it would be clear of the 2% fee but the $4 minimum may still apply

    • 

      Baysew on 22/07/2021 - 13:06

      Only if made at ATM or bank branch. Internet transfers don't get hit with the fee.

      • 

        silenthillrocks on 22/07/2021 - 13:07

        Gotcha, makes sense. It's good to have that it in writing in case they end up charging anything. Thank you.

        • 

          Baysew on 22/07/2021 - 13:10

          +1

          @silenthillrocks: When using internet, there will be a warning that you may be charged a fee, that can be ignored.