7 - Day Settlement for Merchants

ASB merchants will receive EFTPOS and credit card sales at the end of every day, 365 days a year, including weekends and public holidays.

Electronic payments processing 7-days a week

From 26 May 2023, New Zealand banks will be able to process domestic electronic payments every day of the year.

From your business banking account, you'll be able to receive and make electronic payments, between participating New Zealand banks, any day of the year, including weekends and public holidays, whether it's with ASB or another bank.

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Get paid on the spot. So you can get back to business.

Get paid on the spot. So you can get back to business.

Check out ASB Accept, ASB's all-in-one payment solution for accepting EFTPOS, Visa, Mastercard and UnionPay transactions. 

Choose from two terminal options with several enhanced features to make payments acceptance seamless wherever you do business.

Find out more

ASB's terms apply.

Benefits at a glance

  • Bank your sales every day into your business account
  • Includes weekends and public holidays
  • Maximise cash flow and interest
  • Simpler reconciliation of daily sales

How it works

Sales payments at the end of the day - 365 days a year

ASB merchants can rest assured that credits from your EFTPOS and credit card sales are applied to your ASB business account every day, including weekends and public holidays.

That can make a big difference when it comes to paying staff and suppliers, especially over holiday periods like Christmas and Easter, meaning you don't need to worry about planning for public holiday payment blackouts.

Next steps

Talk to an expert

Our business and rural experts can help you choose the right products and services for your business.

Find an expert

Call us

Contact us from 8:00am to 5:00pm, Monday to Friday.

0800 272 222

Email us

Email the team about the seven-day settlement below.

Email us

ASB Merchant Services criteria and terms apply.

Business Banking7-Day Settlement