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Law firm banking

ASB has a team dedicated to meeting the banking needs of law firms and conveyancing specialists, as well as an online tool for managing your clients' funds under trust.

Benefits at a glance

  • An experienced team focussed on legal firms
  • The only real-time online trust fund management system
  • Fee-free Same Day Cleared Payments
  • We bank over a third of New Zealand's law firms
  • Real time ASB-to-ASB funds settlement available up to 6pm on business days
  • Special banking packages for partners and staff

How it works

Expert advice and understanding

Legal firms and conveyancing specialists have particular banking requirements. ASB banks over a third of New Zealand’s legal firms, and our unique team of legal banking specialists is one of the most experienced in the industry. They understand your banking and financial needs and can help you make the most of ASB's products and technology.

Online trust account management

FastNet Business Professional Trust lets you manage client funds, in real time, and with total control. You can open new accounts with unique account numbers, deposit and withdraw funds, calculate and credit interest, and close accounts at will. You can open term deposits and on call accounts, and provide clients with electronic ASB statements at any time. The service is part of FastNet Business internet banking, which you can also use to manage your firm’s own finances.

Real-time transactions

ASB transfers cleared funds in real time. That means even large transactions like home or business conveyancing can be quicker and simpler to manage, especially between ASB accounts.

Settlement protocols agreed with the New Zealand Law Society

We worked with the Property Law Section of the New Zealand Law Society to define settlement protocols for electronic transactions. These rules apply to settlements for any bank in New Zealand.

Can we help your business?

Call us

Our team is dedicated to meeting the specific needs of legal practices and conveyancing specialists.

0800 272 422

Email us

We're happy to answer your questions.

professionalbusiness@asb.co.nz

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FastNet Business Professional Trust

Professional Trust is an optional FastNet Business internet banking module that gives organisations charged with managing client funds the ability to open interest-bearing client accounts, make deposits and withdrawals, credit automatically-generated interest income, provide statements to clients and close accounts.

ASB's terms apply.

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