Can ASB move money from one of my accounts to another without my authorisation?
Yes, we can use money in your accounts to repay any money you owe us. For example, if you're overdue on payments to your loans, credit cards or overdrafts.
In this case, we may use money from any account in your name - including joint accounts - to reduce or repay what you owe.
To do this ASB may:
- Transfer money from one account to another;
- Treat any number of accounts as one;
- Use money in one currency to buy money in another currency; and
- Break term deposits
If this happens we’ll let you know, but it’s possible you’ll get no prior notice.
When you hide an account, it will be hidden from both the Balances page and Transfers ‘from’ drop down box ...
You can hide most Transaction and Savings accounts, Investments, Managed funds and Visa Business credit cards from your Balances summary ...
It is best for you to let ASB know of the death as soon as possible. Holds will be placed ...