If you operate a church, charity, club or other not-for-profit organisation, ASB can help you put more of your funds toward your goals. Our online tools can also help streamline your administration and fund-raising.
Society Account becomes your main bank account. It’s specially designed for not-for-profit organisations and you can use it for your everyday banking.
With your foundation account in place, you can add extra services to make managing your finances easier, more efficient and more cost-effective.
As a Society Account account holder you can use our internet banking platform, FastNet Business, with no monthly fees*.
FastNet Business lets you make two-to-sign payments online. The people you set up as payment authorisers can log on from anywhere to check and approve payments – so you don’t need to wait for a meeting to make payments.
FastNet Business also lets you give people access to your account, while controlling what they can see and do. That’s perfect if you want to give your board members view only access to your accounts, or if you have a financial team who reconcile your accounts and donations.
FastNet Business even has a mobile app so you can do your banking anytime, anywhere.
Do you use Xero or MYOB for your accounting? You can link your Society Account to your online accounting system, and see all your transactions every morning, automatically, ready to reconcile.
You also have the option of uploading payments in Xero which are then automatically imported into FastNet Business, ready to authorise. It saves you time because you or your team only need to enter the payment details once, reducing errors.
If you raise money from the public through appeals, stalls or even sausage sizzles, then our mobile EFTPOS solution, Accept mPOS, could be perfect.
You link the payment terminal to your smart phone, and then you can take EFTPOS and credit card payments anywhere you have coverage. It’s super-simple to use, and in a world where cash and change is becoming rarer, it can help build on the success of your public fund-raising activities.
If you or your team make regular purchases on behalf of your organisation, consider an ASB business credit card. You can make online and over the counter purchases, and check your transactions in FastNet Business or FastNet Classic. You can also integrate your transactions with your online accounting system.
You can get up to 50 days interest free on purchases on your ASB business credit card, which helps to manage your cash flow, plus it could make reconciliation quicker and easier.
If you operate on donations, subscriptions or membership fees, ASB Smart Debit lets you automatically deduct payments from your supporters’ accounts, using direct debit.
Because you can save your direct debit schedules in FastNet Business and set the payment references, you also save time when it comes to reconciling your supporters’ payments.
*Service fees and fees for additional modules apply.
ASB's terms and lending criteria apply. Fees, service charges and service fees apply.