BPAY is an Australian electronic payment system that makes it easier and cheaper for you to take advantage of corporate actions, like a share purchase plan, for your Australian shareholdings.

Benefits at a glance

  • Take advantage of Australian corporate actions with ease - no cheques, no fuss
  • ASB Securities can arrange a BPAY payment on your behalf
  • Act quickly on an opportunity when deadlines are tight

How it works

If you hold Australian shares you may, from time to time, be offered the opportunity to take advantage of a corporate action. A corporate action is a general term that describes events carried out by a listed company, such as a rights entitlement or a share purchase plan. They often have tight deadlines and being able to act quickly to take up a corporate action can be important.

Arranging a BPAY through ASB Securities allows you to make a prompt electronic payment instead of having to arrange an International Money Transfer (IMT). Of the options available through ASB Securities, BPAY is the fastest and most straightforward method. It's also the least expensive which you can see when comparing the fees.

We'll arrange your BPAY payment for you

BPAY is normally only available to Australian Citizens, but we can arrange a BPAY payment on your behalf if you’re an ASB Securities client.

What you need to provide

Simply fill in the forms sent to you by the issuing company and forward them on to us, along with your client number and instructions for which ASB Securities account you want to use. This is the account we'll debit your BPAY payment and the $12 fee from. If you have both an ASB Cash Management Account and an ASB Foreign Currency Account, you can choose either one.

It's always best to plan ahead

When taking up a corporate action via BPAY we recommend acting as soon as possible, so you don't miss out. At a minimum, we need to receive your BPAY instructions and forms by 12 noon two business days before the offer closing date. Any requests received after this can only be processed and sent to the registry on a best endeavours basis.

Double check your details match

Your holder registration details must match your ASB Securities account details. For example, if your shares are registered to a Trust, you'll need to use an ASB Securities account under the Trust’s name to make the BPAY payment.

BPAY is available in these situations

  • Chess Sponsored holdings (holdings under a Holder Identification Number [HIN]) with ASB Securities held via Finclear Execution Ltd (FinEx). If you have holdings with another Chess sponsor you are unable to use the BPAY service through ASB Securities.
  • Issuer Sponsored holdings (holdings under a Security Reference Number [SRN]) where the holder registration details match the details of the account held with ASB Securities. For example, shares registered to a Trust on an SRN must use a Trust account to make the BPAY payment.


BPAY payment fee

Does not apply for payments made in relation to assets held in nominee (ASB Nominees Limited).

Get started today

01. Join

Not yet an ASB Securities customer? Join online.

02. Send

Complete the forms provided by the issuing company and email them back to us at asbsecinfo@asb.co.nz

03. Confirm

We'll call you back to confirm your instructions and arrange your BPAY.

Set up a BPAY

Join now

Ready to join ASB Securities?

Join online

Make BPAY request

Complete the forms provided by the issuing company and email them back to us.


Call us

Our helpful team is available Monday to Friday, 8am to 5pm.

0800 272 732

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ASB Securities Limited is an NZX firm. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. ASB Securities terms and conditions apply. Pricing data supplied by ASX and/or NZX. ASB Cash Management Account, ASB Foreign Currency Account, ASB Margin Lending and ASB Term Deposits are provided by ASB Bank Limited. ASB term's apply. Rates and fees may change. Refer to asb.co.nz for other fees and charges. This page does not have regard to the financial situation or needs of any reader. As individual circumstances differ, you should seek appropriate professional advice. See the ASB Securities glossary for share trading and investment terms or Morningstar for research terms. 

ASB Securities BPAY