Talk to your local ASB School Account Manager today.
Making your funding go as far as possible is a challenge for every school. ASB can be a big help here with a banking package designed specifically for the education sector.
This guide will help you work through how ASB could potentially help you save precious money and time.
Schools run differently from other organisations, so what you need from your bank may be different too.
You’ll want to build a banking package that’s tailored to your needs. A good place to start is by talking to your local ASB School Account Manager. They know the ins and outs of school banking and can show you how ASB might be able to help. This could cover plenty of areas, but here are some of the key ones:
It’s important that you have an everyday transactional account which makes it easy to manage your school’s money. Our Educational Administration account includes:
To help you get more bang for your funding buck, ASB has term deposit specials for schools that coincide with your quarterly funding. You can find out about school-specific term deposit specials from your local ASB School Account Manager.
A Savings On Call account could also be a good option if you have surplus funds but don’t want to lock them away in a term deposit. It delivers a higher interest rate for higher balances and gives you immediate access to your money.
Because schools often have more complex payment authorisation protocols, it’s essential to have anytime, anywhere access to all your accounts. Your online banking platform should be simple to use, secure and supported.
You also need to ensure your system has the required controls demanded as part of any government funding responsibilities, like segregation of duties or reporting tools. ASB's FastNet Business internet banking can help, and there's no set up or monthly charges for schools.
With cash being carried less often today, it’s important to provide parents and students with a choice of payment options.
Your local ASB School Account Manager can help you work with the ASB Merchant Services team to find the best solution for you.
ASB is also the only New Zealand bank that directly credits electronic sales transactions to your ASB Education Administration Account, 7 days a week, 365 days a year including public holidays.
Whether you’re shopping for supplies online or taking a group halfway around the world, a credit card can be handy.
With up to 50-days interest free on purchases, an ASB Visa Business credit card can help you to manage cash flow. Should you need several cards, individual credit limits can be set for different staff members. There’s also an optional service available, Card Manager, which lets you manage cards online with ASB FastNet Business.
You may also consider moving your expense management online with Visa IntelliLink® Spend Management. It gives you more control and visibility over your school’s spending with on-demand access to expense data and comprehensive reporting across the school.
Talk to your local ASB School Account Manager for details.
Running or managing a non-profit, like an educational institution, requires specialist skills. While business efficiencies remain important (as they are in any business), there is also your broader community to consider, as well as additional services that might be available to staff and students.
To ensure that you’re getting the best support and guidance from ASB we’ll allocate a dedicated local ASB School Account Manager to your school. All of our team have a wealth of banking knowledge as well as a comprehensive understanding of what is happening in the education sector. This specialist expertise puts them in the best position to help with your specific banking requirements on an ongoing basis.
ASB has made a commitment to growing cash clever kids by providing school banking to students at every primary and intermediate school in New Zealand and doesn't cost the school to set up. This includes:
Students will receive a Headstart account which is designed specifically for children, it earns interest and has no monthly or transaction account fees, allowing their money to grow.
ASB GetWise provides free financial literacy workshops at primary or intermediate schools. Developed by education and financial literacy professionals, the ASB GetWise programme has been delivered at over 1,300 primary and intermediate schools.
When ASB is a school or institution’s main transaction bank, all teachers and staff are eligible for the ASB School's Work Extras package. This provides discounts and concessions across many banking products, including home loans, personal loans, credit cards and transaction accounts. Ask your local ASB School Account Manager for details.
Regardless of your school or institution’s size, ASB has a team of dedicated specialists who can help you with your banking. They’ll provide the support you need to make moving to ASB easy.
Your local ASB School Account Manager will help you to:
ASB's terms and lending criteria apply. Fees, service charges and service fees apply. Visa IntelliLink® terms and conditions apply.
Offers available for schools only and subject to Ministry of Education requirements available at www.education.govt.nz/