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 2.75% 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 activity1.00%   
Reward interest if you:
do not make any withdrawals during a calendar quarter  3.25%4.25% 
make one withdrawal during a calendar quarter   1.75% 2.75%
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+ 
 2.75% p.a.
3.15% p.a.
3.25% p.a.
3.35% p.a.
3.45% 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.

Professional trust sundry account

Interest rates are subject to change at any time without notice.

Balance   Interest rate
$0 - $999,999.99   2.00% p.a
$1 million +   2.85% p.a

For further information about rates for professional trust accounts, please contact the professional services team on 0800 272 422.


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 account rates

New Zealand resident rates for on-call deposits.

Currency Interest rate
Australian dollars, AUD
10,000 to 75,000 0.25% p.a.
75,000 to 250,000 0.60% p.a.
250,000+ 0.75% 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 75,00 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.

Fee Amount
Repayments direct credited to an account in NZD No charge
Withdrawal by issue of NZD bank cheque $5.00
Withdrawal by international money transfer1 $25.00
Withdrawal by issue of foreign draft $25.00
Deposit2 or Withdrawal by foreign cash
Minimum charge $10.00
Maximum charge 1% of value
Cheque sent on collection3 $50.00 plus courier costs
International money transfer trace / amendment / cancellation $30.00
Draft stop payment3 $25.00
Re-issue of historical statements $5.00
Search fee (per hour) $60.00
Minimum charge $15.00


1.
For international money transfers in foreign currency to or from other overseas accounts, our agent banks may deduct transfer charges.
2. Foreign cash deposits may be subject to a hold period.
3. May also be subject to charges imposed by overseas banks.

Cheques/drafts drawn on overseas banks

  • Cheques/drafts drawn on overseas banks, which we receive for deposit into foreign currency deposit accounts, are subject to a hold period of 21 business days.
  • This period may vary from time to time without notice. At its discretion, ASB may pay interest on the cheque/draft prior to this hold being removed.
  • However an exchange rate cannot be quoted on the proceeds of the cheques/drafts during this hold period.
  • ASB customers are liable for all costs and charges incurred for a dishonoured foreign cheque/draft, including without limitation, reimbursing immediately to ASB the principal amount, interest, any exchange differences, ASB charges, overseas charges and any other reasonable costs and charges incurred by ASB.
  • Available funds are not necessarily cleared funds.
  • Accordingly, ASB retains the right to claim back, for an unlimited period of time, all funds paid out on foreign cheques and drafts deposited into foreign currency deposit accounts.

Foreign cheques/drafts sent on collection

  • At its discretion, ASB may require foreign cheques/drafts to be sent on collection.
  • Collections have a processing period of approximately six weeks.
  • The processing bank may make a variable charge, which is beyond our control.
  • These drafts do not accrue interest until the proceeds have been confirmed as credited to the nominated ASB account.

More about this account

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

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