Accounts

Accounts

Rates are subject to change at any time without notice.

Service fees may also apply. See the Business Guide to fees brochure for more information.

Business Saver 1


Balance Interest rate
All balances 2.15% p.a.

Fee Amount
Monthly base fee 

Free

Electronic self-service transactions (fees are charged on a per transaction basis)

Transfers (via online banking, FastPhone. ATM and TXT banking), Fast Deposit boxes, direct credit

ATM withdrawal3

EFTPOS Withdrawal

One-Off Payment, IRD payment

FastNet Business Bulk Payment


Bill payment

Automatic payment 

Direct debit schedule

 




Free


$1.00

$1.00

$1.00

$1.00 + 20c per payment within the bulk payment

$1.00

N/A

N/A 

Manual staff-assisted transactions (fees are charged on a per transaction basis)

Branch deposit2

Withdrawal, transfer, One-Off Payment, IRD payment (via branch, contact centre, business banking centres and ASB Virtual Branch)1

Cheque

 




Free

$1.00



N/A

Savings Plus

Balances up to and including $1 millionInterest rate (p.a.)
  Base interest
(paid monthly)
Reward interest
(paid quarterly)
Combined interest 
Base interest, regardless of transactional activity0.75%   
Reward interest if you:
do not make any withdrawals during a calendar quarter 2.90%3.65% 
make one withdrawal during a calendar quarter  1.50%2.25%
Balances above $1million earn base interest only.
Interest rates & fees subject to change at any time.
FeeAmount
Monthly base feeFree
Electronic self-service transactions
(fees are charged on a per transaction basis)
Transfers between your ASB accounts (via online banking, FastPhone, ATM and TXT Banking), FastDeposit boxes, direct creditFree
ATM withdrawal3$1
EFTPOS withdrawalN/A
One-Off payment, Inland Revenue payment$1
FastNet Business bulk payment$1.00 + 20c per payment within the bulk payment
Bill payment$1
Automatic payment, direct debit scheduleN/A
Direct debit scheduleN/A 
Manual staff-assisted transactions
(fees are charged on a per transaction basis)
 
Branch depositFree
Withdrawal, transfer, One-Off payment, Inland Revenue payment (via Branch, Contact Centre, Business Banking Centres and ASB Virtual Branch)$1
ChequeN/A

Savings On Call

Balance Interest rate
Balance <$10,000
Balance $10,000 - $24,999.99
Balance $ 25,000 - $49,999.99
Balance $50,000 – $99,999.99
Balance $100,000+ 
 

2.15% p.a.
2.35% p.a.
2.40% p.a.
2.45% p.a.
2.50% p.a.


Fee Amount
Monthly base fee Free

Electronic self-service transactions (fees are charged on a per transaction basis)

Transfers (via online banking, FastPhone. ATM and TXT banking), Fast Deposit boxes, direct credit

ATM withdrawal3

EFTPOS Withdrawal

One-Off Payment, IRD payment

FastNet Business Bulk Payment


Bill payment

Automatic payment 

Direct debit schedule

 




Free


$1.00

N/A

$1.00

$1.00 + 20c per payment within the bulk payment

$1.00

N/A

N/A

Manual staff-assisted transactions (fees are charged on a per transaction basis)

Branch deposit2

Withdrawal, transfer, One-Off Payment, IRD payment (via branch, contact centre, business banking centres and ASB Virtual Branch)1

Cheque 

 




Free

$5.00



N/A


1 First chargeable electronic self-service or manual staff-assisted transaction per month is free for Business Saver.

2
 If you are making a transfer or deposit to another New Zealand bank, an other bank transfer or deposit fee will be applied instead of this fee.

3 Withdrawals from a savings account are available from ASB ATMs if you link it to a transaction account

Business call rates

Balance Interest rate
0 - $4,999 0.00% p.a.
$5,000 - $19,999 0.00% p.a.
$20,000 - $99,999 0.25% p.a.
$100,000 - $249,999 0.75% p.a.
$250,000 - $499,999 1.00% p.a.
$500,000 + 1.25% p.a.

Ask at any ASB branch about current rates and fees, as they are subject to change.

Overseas transactions - FastCash, Cashflow and
Visa Debit cards

Overseas card transactions will either first be converted into US dollars and then into New Zealand dollars or converted directly at an exchange rate selected by Visa from available wholesale rates (or, if applicable, the Government mandated rate).

The Offshore Service Margin is a margin charged by us when you use your card to make an overseas card transaction.

For overseas card transactions made using your FastCash or Cashflow card Offshore Service Margins of 1.10% of the converted New Zealand dollar amount are charged. For overseas card transactions made using your Visa Debit card Offshore Service Margins of 2.10% of the converted New Zealand dollar amount are charged.

For purchases refunded back to your Visa Debit card Offshore Service Margins of 2.10% of the converted New Zealand dollar amount of the transaction are charged. The margins that are charged to your card account may differ from the margins that were charged for the original transaction due to fluctuations in the conversion rate.

The converted amount and the Offshore Service Margins will be debited from your nominated bank account and detailed on your statement.

Foreign currency accounts

New Zealand resident minimum foreign currency account opening balances

Currency Minimum Opening Balance
Australian Dollars (AUD) AUD5,000
Canadian Dollars (CAD) CAD5,000
Euro (EUR) EUR5,000
Great British Pounds (GBP) GBP5,000
Hong Kong Dollars (HKD) HKD50,000
Japanese Yen (JPY) JPY500,000
Singapore Dollars (SGD) SGD5,000
Swiss Franc (CHF) CHF5,000
United States Dollars (USD) USD5,000

Interest rates for on-call foreign currency deposits

Currency Interest rate
Australian dollars, AUD
10,000 to 75,000 0.00% p.a.
75,000 to 250,000 0.10% p.a.
250,000+ 0.25% p.a.
Canadian dollars, CAD
20,000 to 65,000 0.00% p.a.
65,000+ 0.00% p.a.
Swiss francs, CHF
20,000 to 75,000 0.00% p.a.
75,000+ 0.00% p.a.
Euro, EUR
10,000 to 40,000 0.00% p.a.
40,000 to 200,000 0.00% p.a.
200,000+ 0.00% p.a.
British pounds, GBP
5,000 to 30,000 0.00% p.a.
30,000 to 150,000 0.00% p.a.
150,000+ 0.00% p.a.
Hong Kong dollars, HKD
100,000 to 400,000 0.00% p.a.
400,000+ 0.00% p.a.
Japanese yen, JPY
1.0 to 7.0 million 0.00% p.a.
7.0 million+ 0.00% p.a.
Singapore dollars, SGD
20,000 to 85,000 0.00% p.a.
85,000+ 0.00% p.a.
United States dollars, USD
10,000 to 55,000 0.00% p.a.
55,000 to 200,000 0.00% p.a.
200,000+ 0.00% p.a.

Deposits which fall below the minimum balance accrue no interest. On-call interest is calculated daily and compounded monthly.

Fees

Foreign Currency Account fees1
Deposit2 or Withdrawal by foreign cash
Minimum charge $10.00
Maximum charge 1% of value
Withdrawal by issue of foreign draft $25.00

1. Service charges and foreign exchange fees also apply.
2. Foreign cash deposits may be subject to a hold period.

Foreign exchange fees
ASB buys
Foreign cash (except Foreign Currency Accounts) No charge
Travellers cheques $5.00 per transaction
Draft - Clean negotiated No change
Drafts/Travellers cheques - sent on collection $50.00 plus courier fee3
Drafts - clean negotiated dishonour fee $25.003

ASB sells Branch/TravelLine FastNet Classic
Foreign cash (except Foreign Currency Accounts) 1% commission (min. $10.00 for over NZD100, min. $5.00 for NZD100 and under) 1% commission (minimum $5.00)
Drafts $25.00 $20.00
International Money Transfer (IMT) $25.00 $20.00
International Money Transfer (IMT) Trace / Amendment / Cancellations $30.00   
Draft Stop Payment $25.003   

International inward payments
Payment received directly by ASB and settled to NZD account $15.004
Payment received via another NZ bank and settled to NZD account or foreign currency account Fee determined by other NZ bank

3. May be subjected to charges imposed by overseas bank(s).
4. Fee waived for payment of NZ$100 or less.

Standard service charges may apply - further details are available here. Minimum balances, interest rates, fees and charges are subject to change. 

More about foreign currency accounts

Important information: Business MoneyMaker and Business Accelerator accounts are no longer sold. Please enquire at your nearest ASB branch for details of these accounts. Transactions completed via FastNet Classic on business bank accounts will be charged applicable FastNet Classic fees. Please refer to the personal banking Guide to Fees.

Terms and conditions: Service charges apply. Fees and interest rates are subject to change. Full terms and conditions for the products and services, ASB's Disclosure Statement and, if applicable, the Savings Plus Investment Statement apply and are available from any ASB branch.

How we can help

We can help match your needs with the right accounts for you.

Find a branch

Or call us on 0800 803 804