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ASB Securities rates and fees

Brokerage rates

Internet
Phone
New Zealand trades (excluding fixed interest trades)

minimum NZ$30 per trade

minimum NZ$35 per trade

New Zealand one-off sale trades

Sell trades only - minimum of NZ$90.00 brokerage per trade

Australian trades

minimum AU $30 per trade

minimum AU $35 per trade

United States trades

For orders up to US$50,000

minimum of US$50.00 per trade plus agency fee of 0.4% with a minimum of US$40.00 per trade

United States trades

For orders above US$50,000

Contact us on 0800 272 732

United Kingdom trades

For orders up to £50,000

minimum of £50.00 per trade plus agency fee of 0.4% with a minimum of £40.00 per trade

United Kingdom trades

For orders above £50,000

Contact us on 0800 272 732

Canadian trades

minimum of CAD$40.00 plus agency fee of 0.4% with a minimum of CAD$30.00 per trade

Other international trades

Contact us on 0800 272 732. Agency fee may apply.

Management fees for exchange traded funds

The management fee is charged by the ETF’s fund manager, not ASB Securities. The fee can vary from ETF to ETF so please see the ETF's product disclosure statement for details.

Note: The UK brokerage rates exclude UK Government Stamp Duty – 0.5%. This applies to purchase orders only.

Fixed interest brokerage rates

Brokerage fee

Based on the capital value of the transaction, with a minimum of NZ$35.00 per trade. (If you hold your bonds until maturity, fees will only be charged when you buy.)

Reduced brokerage rates are offered on transactions with a capital value of NZ$50,000.00 or more – please call us on 0800 272 732 between the hours of 7am - 6pm, Monday to Friday or email asbsecinfo@asb.co.nz for more details.

New issues and IPOs

Brokerage fee

Brokerage may be charged on allocations.  We will advise you of any brokerage fees (if applicable) at the time you request more information on each individual offer.

ASB Securities may receive a fee from the issuer for the allocation we receive.

ASB Cash Management Account

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.

p.a.

Monthly base fee

 

For the current interest rate phone 0800 272 732 (option 3)

For the current interest rate phone 0800 272 732 (option 3)

Withdrawals/deposits in NZD

For International Money Transfers to or from other overseas accounts, our agent banks may deduct transfer charges.

For the current interest rate phone 0800 272 732 (option 3)

For the current interest rate phone 0800 272 732 (option 3)

Funds transfer

to a nominated account.

For the current interest rate phone 0800 272 732 (option 3)

For the current interest rate phone 0800 272 732 (option 3)

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

ATM withdrawal

This service is not available on the ASB Cash Management Account.

For the current interest rate phone 0800 272 732 (option 3)

For the current interest rate phone 0800 272 732 (option 3)

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

EFTPOS transaction

This service is not available on the ASB Cash Management Account.

For the current interest rate phone 0800 272 732 (option 3)

For the current interest rate phone 0800 272 732 (option 3)

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

This service is not available on the Cash Management Account

ASB Foreign Currency Account for share trading

Interest rates

ASB Foreign Currency Accounts do not accrue interest.

Account fees

There are no account fees for the ASB Foreign Currency Account for share trading, but standard service charges and foreign exchange fees may apply.

Monthly base fee

Funds transfer to another ASB account

ATM withdrawal

This service is not available on the ASB Foreign Currency Account.

EFTPOS transaction

This service is not available on the ASB Foreign Currency Account.

ASB Margin Lending

Margin lending interest rate

Interest is calculated on a daily basis, in relation to the amount borrowed under the facility and is charged to your ASB Cash Management Account on the last day of each month.  The interest rate is a floating rate and subject to change at any time. For credit balances, relevant ASB Cash Management Account rates apply.

p.a.

Stock transfer fee

To add or release shares and approved securities where there is no change in underlying beneficial ownership to and from your portfolio held as security for your margin loan. Release will depend on whether there are sufficient holdings remaining in your portfolio to fully secure your margin loan.

*A stock transfer fee where there is a change in underlying beneficial ownership may vary. We will advise you of any additional fees at the time of your request.

per security*

Margin call fee

If your loan balance exceeds your facility limit by 5% or more.

per call

Nominee fee

Fees for the nominees service (ASB Nominees Limited) are charged six months in arrears, directly to your ASB Cash Management Account.

If you are a margin lending customer, the nominee fee will be waived if the interest accrued is greater than $400.00 in the preceding six month period.

every six months

Termination fee

This fee covers the cost of transferring your share investments out of the nominee. The total depends on the number and complexity of your holdings, but we can let you know the cost beforehand. 

ASB Margin Lending is provided by ASB Bank Limited ("ASB") and managed by ASB Securities Limited. ASB's terms and credit criteria apply. ASB's disclosure statement is available from any ASB branch.

ASB term deposits

Nominee service

Nominee fee

Fees for the nominees service (ASB Nominees Limited) are charged six months in arrears, directly to your ASB Cash Management Account.

If you are a margin lending customer, the nominee fee will be waived if the interest accrued is greater than $400.00 in the preceding six month period.

every six months

Stock transfer fee

Applies to individual securities transferred in or out of ASB Nominees Limited for margin lending customers.

per security

Transfer of foreign securities in or out of custody incurs additional fees. Other custodial service fees that are imposed by our agent relating to foreign securities may apply. We will advise you of any additional fees at the time of your request.

BPAY

BPAY payment fee

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

Join ASB Securities

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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

NZX Firm logo

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

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