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FastNet Business Professional Trust

Professional Trust lets you manage your clients’ funds with bank-like functionality. You can create separate accounts for each client, for easier reporting and interest calculations.

Benefits at a glance

  • A simple self-service online tool for managing trust accounts
  • Credit automatically-generated interest income
  • Part of FastNet Business, which you can use for your own banking
  • Report to your clients with detailed ASB statements
  • Support from a dedicated team of specialists
  • Open, view and close client accounts, and make deposits and withdrawals in real time

How it works

Hold client funds in trust

Professional Trust makes it easy to keep your clients’ funds separate from your own. By creating separate accounts for each client, it’s also easy to see each client’s exact balance, including interest.

Operate term deposits or on-call accounts

You can open each client’s account as an on-call account for regular transactions, or as a fixed term deposit to maximise interest returns.

Electronic statements for each client on demand

Generate electronic ASB statements as PDFs at any time for your clients. You can also provide a detailed summary of transactions on account closure, including any interest accrued up to that point.

Report on all of your trust funds

Generate a wide range of customised reports on all of your trust funds. See your total funds under management and decide the proportion of interest to credit to your clients.

FNB Professional Trust in action

Our online trust management tool is simple and easy to use. Take a look at this short video to see for yourself.

Can we help your business?

Call us

If you require a specialist banking solution, call our dedicated team who can tailor a package to your needs.

0800 272 422

Email us

Our specialist team are here to assist you. Get in touch today.

professionalbusiness@asb.co.nz

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ASB's terms apply. To use Professional Trust your business must be a Reporting Entity as defined within the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML&CFT) or operate under the Financial Transactions Reporting Act 1996 or approved by ASB to comply with AML&CFT requirements.

ASBFastNet Business Professional Trust