What are the processing times for electronic one-off payments and transfers?

Last Updated: 17 Dec 2015

Transfers and payments to your own ASB account or someone else’s ASB account are real-time and transferred as clear funds 24 hours / 7 days a week.  This means funds will appear immediately.

For payments between ASB and other New Zealand banks, from Monday to Friday:

  • Payments are sent every hour to other banks between 9:15am and 11:30pm. Between these times, if you use One-Off Payment or FastNet IRD, we send the money within one hour but it’s up to the receiving bank when it’s posted to the recipient’s account.

  • Payments are received from other banks between 8:30am and 12:15 am. Money received by ASB will be credited to your account within 1 hour.

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