The initial release from ANZ Plus is an everyday account with no monthly account fees, a multi-goal savings account, a new banking app, and a host of new features to help people better understand their money and save towards their goals.

ANZ CEO Shayne Elliott said: “The release of ANZ Plus marks the beginning of a multi-year plan to provide modern, digital products and services for our customers, and significantly better systems and processes for ANZ.

“Now we have these scalable new technology platforms in place, we can adapt to the needs of customers quickly and add new features and functionality on a regular basis, including new products.

“ANZ Plus will enable significant improvements to the way we service customers, meet our obligations, and manage our products both now and into the future,” Mr Elliott said.

Key features:

Customers can join in minutes with an Australian passport or Australian driver's license and selfie
Spending is automatically categorised and insights displayed within the app, making it easier to spot trends and make better spending decisions
Upcoming expenses, like regular bills and subscriptions, can be predicted and planned for
Customers can set and track multiple financial goals without having to open additional accounts
ANZ Plus coaches are available via in-app chat for expert support.

ANZ Group Executive Australian Retail, Maile Carnegie said: “ANZ Plus is designed to help our customers improve their financial wellbeing by giving them greater visibility and control over their money through new spending insights, savings tools and expert support.

“With tools to help customers make financially healthy choices, a multi-goal savings account and coaches to provide expert support, ANZ Plus makes doing your banking insightful and simple,” Ms Carnegie said.