Can ASB move money from one of my accounts to another without my authorisation?
Last Updated: 01 Jun 2017
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.
Did this answer your question?
Related Answers
-
If your ASB car loan is unsecured, you can make your own payment arrangements directly with the seller, typically via ...
-
A manual transaction is any transaction that’s completed with the help of our staff – including cheques and transactions in ...
-
If you are a new customer to ASB, you’ll need to provide proof of your identity and residential address. This ...
-
For FastNet Classic online banking users, follow these steps: Log In to FastNet Classic online banking. Select Payments from the ...
-
Yes, however a PIN is not required for internet, mail or telephone order transactions, or for contactless transactions under $80.
-
You can cancel a Direct Debit at any ASB branch or by calling 0800 803 804. You do not need ...
-
Your True Rewards card has a PIN number which you create. It is unique to your card and is a ...
-
Yes. Go to www.asb.co.nz/documents/banking-with-asb/fastphone-user-guide and you’ll find all the information you need to get started including setting up your FastPhone, ...
-
An Offshore Service Margin is a fee charged by us when you make a transaction in a currency other than ...
-
You can hide accounts so they do not display on your Balances summary and money cannot be transferred out of ...
