Financial flexibility when you need it

If you have an ASB transaction account for day-to-day banking, you can apply for an overdraft to help you out when spending exceeds your available funds.

If you’re a tertiary student or recently graduated from tertiary study, you could receive an interest free overdraft as part of your banking package.

Tips for managing your overdraft:

• You’ll pay a lower interest rate if you can provide security, such as a term deposit or a home loan.
• If you want to get out of the habit of using your overdraft, we can arrange to reduce your overdraft limit by a little each month.