ASB Cash Management Account

The ASB Cash Management Account is a bank account designed to settle your trades easily. We’ll open an account for you when you register for share trading with ASB Securities.

Benefits at a glance

  • Your money is on call – there when you need it
  • Share trading funds are kept separate from other banking – making it easier for you to do your end-of-year accounts
  • Funds are available the moment they’re transferred from another ASB account
  • Free to open, with no monthly fees
  • Access your account anywhere through Online Share Trading, FastNet Classic internet banking and the ASB Mobile app
  • If you are registered for FastNet Classic, account statements are available online anytime

How it works

When you register for share trading with ASB Securities, we’ll open an ASB Cash Management Account for you. This will be your default account for settling your trades, which means whenever you buy or sell shares, funds will be automatically debited from, or credited to, your account.

You can use your ASB Cash Management Account to trade in any market, but if you trade regularly in an overseas market it may be more convenient to settle your trades using an ASB Foreign Currency Account for share trading.

ASB Cash Management and ASB Foreign Currency for share trading accounts are the only accounts you can use to settle your trades when trading through ASB Securities.

Interest rates and fees

Interest rates

Credit balances
Interest rate

$0 - $49,999.99




Account fees

There are no account fees for the ASB Cash Management Account, but standard service charges and foreign exchange fees may apply.

Unarranged overdraft fee

A monthly fee for an overdraft exceeding $20.00 where there is no arranged limit in place.

Unarranged overdraft interest rate

Unarranged overdrafts will be charged a penalty interest rate for every day the account is overdrawn.

Next steps

Join Us

Are you ready to join ASB Securities?

Join now

Enquire now

Email us if you'd like help to get started.

Email us

Call us

Contact the ASB Securities team from 7am to 6pm NZT, Monday to Friday.

0800 272 732

+64 9 448 8120

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NZX Firm logo

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 ASB Cash Management Account