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How can I manage daily transfer limits and perform large transactions securely with my ANZ V2 PLUS account?

Simon Paynter avatar
Written by Simon Paynter
Updated over a week ago

Managing Daily Transfer Limits and Secure Large Transactions with Your ANZ V2 PLUS Account

For ANZ V2 PLUS account holders, understanding and managing daily transfer limits is crucial for seamless and secure transactions. Below is a detailed guide to help you increase limits, initiate large transactions, and enhance security when performing banking operations.

Default Daily Transfer Limits

The standard daily transfer limits on ANZ V2 PLUS accounts are as follows:

  • Internet Banking or ANZ App: The default limit is $25,000 per Customer Reference Number (CRN). Each account holder operates with their own separate limit.

  • Multiple Platforms: If using the ANZ App and the web-based internet banking platform, you can transfer up to $50,000 per day ($25,000 on each platform).

Increasing Your Daily Limits

To raise your transfer limits, you can utilize the following security and authorization tools:

  1. Install the ANZ Shield App: This mobile app provides enhanced security and allows you to authorize higher transaction limits. This is especially beneficial for frequent large transfers.

  2. Use Phone Banking: For higher transfer requirements, you can call ANZ’s phone banking service to authorize up to $1,000,000. Phone banking is particularly recommended for smoother processing of larger crypto-related transfers.

Performing Large Transfers Using ANZ V2 PLUS

For transfers exceeding the default limits, follow these methods:

  • Phone Banking: Calling ANZ directly (using your registered phone banking credentials) remains a reliable option for processing transactions of up to $1,000,000 per day. The direct contact ensures smooth processing, particularly for crypto-related transactions.
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  • ANZ EFT Withdrawal Form: Complete and submit this form when initiating large withdrawals. Once submitted (via email), ANZ will confirm the request by contacting you directly. Amounts up to $1,000,000 can be processed this way.

Additional Security Recommendations

For optimal security, particularly when transferring funds:

  • Always keep your ANZ Shield app updated.

  • Avoid sharing your personal banking credentials with unauthorized parties.

  • Conduct regular reviews of your transaction history to monitor any unauthorized activity.

Conclusion

By understanding the default limits, utilizing tools like the ANZ Shield app, and opting for phone banking for larger transactions, you can effectively manage your ANZ V2 PLUS account transfers while maintaining high security standards. For complex cases or further assistance, contacting ANZ via phone banking is highly recommended.

Related Topics

  • Setting Up Your ANZ V2 or V2 PLUS Account

  • Best Practices for Secure Online Banking

  • Managing Transfers for SMSF Operations

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