| FastNet Business | FastNet Classic | |
| Business size | Medium to large business. Suited to businesses that make more than 20 payments per month. | Personal and small business. |
| Number of people required to authorise transactions | Supports one to three signatures. | For accounts requiring one signatory only. |
| Users | Accessible for multiple users. | Accessible for account signatory only. |
| Bulk payments | Pay multiple accounts and wages via the Bulk Payment function. Choose to deduct as a single amount or individually. | n/a |
| Same day cleared payments | Make an irreversible online payment to an account at any participating bank within New Zealand and know that the payment will be deposited and available as cleared funds on the same day between the hours of 9am - 4.30pm on a business day. | n/a |
| International Money Transfers | Make International Money Transfers to an individual or business overseas directly. | Make International Money Transfers to an individual or business overseas directly. |
| Term Deposits | Create and manage your term deposits. | Create term deposits. |
| Direct Debit Receipts | Process direct debit files to receive payments from your customers. | n/a |
| Import/Export files | Download statements and import Bulk Payment or direct debit files in a variety of compatible formats. | Download statements in a variety of formats. |
| Transfer funds | Same day, real time. Or post date up to 60 days in advance. | Same day, real time only. |
| View statements | Access up to 24 months' of statement information. | Access up to 24 months' of statement information. |
| True Rewards | n/a | Redeem True Rewards points online. |
| Specialist services | Additional FastNet Business modules are available. 'International' for your foreign trade requirements or 'Financial Markets' for foreign exchange and money market trading. | Additional modules not available. |
Compare products
Use the following table to decide which product best meets your business banking needs:
Disclaimer: FastNet Classic Terms and Conditions and the Investment Statement for ASB Term deposits apply. Minimum term deposit of $5000. A copy of ASB's current Disclosure Statement maybe be obtained free of charge from any ASB branch. FastNet Business Terms and Conditions and fees apply.
