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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

Balance Interest rate
$0 - $249,999
$250,000 - $499,999
$500,000+ 

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

Of the highest overdrawn balance each month (minimum $10.00), applies to all unarranged overdrafts exceeding $20.00.

Unarranged overdraft interest rate

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

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Get started today

01. Join

Join ASB Securities online and we'll open an ASB Cash Management Account for you, free of charge.

02. Deposit

Deposit money into your ASB Cash Management Account so you're ready to trade as opportunities come up.

03. Research

Use our online tools including watchlists, market information and research data to choose the right shares for you.

04. Trade

Start trading. See our guide to placing your first order and watch our video on how to buy and sell shares online.

Join ASB Securities

Join now

Ready to join ASB Securities?

Join online

Any questions?

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

asbsecinfo@asb.co.nz

Call us

We're available Monday to Friday, 7am to 6pm.

0800 272 732

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NZX Firm logo

ASB Securities Limited is a NZX Firm. ASB Securities terms and conditions apply. ASB Cash Management Account and ASB Foreign Currency Account are provided by ASB Bank Limited. ASB's terms apply.

ASB Securities ASB Cash Management Account