Can ASB charge me fees and interest if my account goes overdrawn?
Last Updated: 13 Apr 2026
Yes. If your account goes into an unarranged overdraft, the unarranged overdraft interest rate will apply.
This can happen if there isn’t enough money in your account to cover a payment.
How unarranged overdraft interest is charged
Interest on an unarranged overdraft is calculated daily.
It’s charged monthly, on the second day of each month, or when your account is closed.
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