Tertiary student package

Switching bank accounts might seem a bit overwhelming but it's never been more simple to switch to ASB! We take care of the move. If you decide to switch some or all of your banking to ASB, all you have to do is apply for your chosen account and let us know you'd like to make the switch. We'll work with your current bank to arrange a smooth transition.

Once you've opened your Tertiary account, the package lasts for one year without having to prove you study.

Pop in to any ASB branch with accepted proof of study or apprenticeship (listed below) and you can keep your Tertiary account for three years, regardless of how long you're studying for.

If you're new to ASB, you will need to come into one of our branches with your ID, so be sure to bring proof of study or apprenticeship along as well.

Accepted proof of study includes any one of the following:

1. 1. Letter or email of acceptance of study or apprenticeship
2. 2. Current tertiary student ID
   
3. 3. Receipt for your tertiary fees

Accepted proof of an apprenticeship includes: 

1. 1. Training agreement (signed by employer)
2. 2. Employment contract (details of apprenticeship signed by employer) 
3. 3. Letter from ITO or NZQA approved tertiary institution

If you don't bring in proof of study, your account will switch over to a Job starter's package one year from the date you opened it.

With proof of study, your account will switch over to a Graduate package after three years. If you’re continuing to study after three years, let us know. We may need you to come in with proof of study.

You're eligible to stay on the Tertiary package for the full length of your study or apprenticeship. If you’re studying for longer than one year, make sure you bring in one of the accepted forms of study or apprenticeship to extend your account. If you’re studying for longer than three years, make sure you let the team know. You’ll have to pop in to a branch with proof of study.

You can choose from three of our Visa cards. The lowest cost option is an ASB Visa Light. It has a low interest rate on purchases, no account fee ever and a special Smart Rate purchase feature as well. If you want to earn True Rewards from your spending, you can go for an ASB Visa Rewards. Every dollar you spend earns you True Rewards Dollars, which you can spend at our partner stores.

Not that keen on credit cards after all? You can always use your own money to make purchases online instead with an ASB Visa Debit card, or use PayWave when in store.

Find out more about our credit card options.

The ASB Tertiary package is for students who are currently studying at any NZ tertiary institution or completing their apprenticeship. The ASB Job starter's package is specially designed for 18-20 year olds who are planning to go straight into the workforce after school, or have already started working. The ASB Graduate package is designed to give anyone who's just finished their studies or apprenticeship a helping hand in their next chapter – starting work.

An overdraft is a loan, with an agreed limit that you can use any time, and pay off at your own pace provided that you always keep it within its agreed limit.

As a Tertiary or Graduate customer (if you meet our lending and eligibility criteria), you may be able to apply for a zero-interest overdraft. Check FastNet Classic internet banking or the ASB Mobile app for the option to add an overdraft. If you're not already an ASB customer, or you'd like to speak to us, call 0800 803 804 or visit your nearest ASB branch.

To find out more about ASB's overdrafts, visit our overdrafts page.

If you've had your Tertiary package for three years or longer and are graduating, you will be automatically transferred to a Graduate account which comes with its own unique benefits just for Graduates. This includes an interest-free overdraft for the two years you're on the Graduate account so your overdraft will continue to be interest-free for this period.

If you've only been on the Tertiary package for a year and haven't brought in proof of study or apprenticeship, you'll be automatically transferred to a Job starter's account at the end of the year. Once this happens, your current Tertiary interest-free overdraft will no longer be interest-free and will start incurring ASB's standard interest charges.

To find out more about overdrafts and costs that may be associated with them, visit our overdrafts page. See our rates and fees.