ASB personal transaction accounts will generally no longer be able to go into an unarranged overdraft. Most transactions and direct debits that could take your account below zero will be declined.
Here are some helpful ways to manage your balance.
Some payments like ASB loan repayments, interest, fees, or transactions outside our control, for example when payments by a retailer are processed at a later date, or if our system is down, may still overdraw your account(s). If this happens, interest will apply at the current unarranged overdraft interest rate, and you won't be able to make debit transactions or withdraw or transfer cash from your account until your balance is back in the positive.
Personal Arranged Overdraft Interest Rates
|
|
|---|---|
|
Unsecured
|
|
Interest is calculated daily and charged monthly.
Personal Temporary Overdraft Interest Rates
|
|
|---|---|
|
Unsecured |
13.90% p.a. |
|
Housing Variable |
6.04% p.a. |
The Unsecured interest rate applies to non-housing Personal Temporary Overdrafts.
The Housing Variable interest rate applies to Personal Temporary Overdrafts used for home lending. The Housing Variable interest rate applicable at the time the overdraft is opened is fixed until the overdraft's expiry. Any changes to the Housing Variable interest rate after the overdraft is opened will not be applied
Interest is calculated daily and charged monthly.
All amounts owing on your Personal Temporary Overdraft on the Expiry date will be treated as amounts overdrawn above your overdraft limit. You will be charged interest on the amount above your overdraft limit at our Unarranged Overdraft interest rate. See below for the Unarranged Overdraft interest rate.
Unarranged Overdraft Interest Rates
|
|
|---|---|
|
Unarranged Overdraft interest rate (Personal accounts)* |
13.90% p.a. |
|
Unarranged Business |
22.50% p.a. |
*Applies to the following Personal accounts: Streamline, Job Starter, Orbit Home Loan, Orbit Fastrack, HomePlus, Bursary Cheque, Everyday, Flexible Finance Facility, Personal Omni, Omni, Student Cheque, Transaction, Tertiary, Graduate & Unlimited.
Interest is calculated daily and charged monthly
Whether you’re a night owl or an early bird, you can do your everyday banking at any time with FastNet Classic online banking. Sign in and you can pay your bills, set up automatic payments, order foreign exchange and more. You can even apply for a home loan after hours.
We’re there wherever you need us with the ASB Mobile app. Check your balance while waiting for a bus, move money between your accounts while you’re shopping, or pay a friend for lunch using just their mobile number.
Life is so busy these days it's easy to forget that your everyday account is starting to run short or that your automatic payment may fail because there aren't enough funds in your account. Set up alerts and we'll send you emails, and/or notifications through the ASB Mobile Banking app so you won't get caught out again.
With an ASB Visa Debit you use your own money to shop online, over the phone, overseas or within New Zealand anywhere Visa credit cards are accepted.
A great first credit card for getting started with some flex with your money, enjoy no fees and our lowest interest rate.
ASB's lending criteria and terms apply. Rates and fees may change. Refer to asb.co.nz for other fees and charges.