Notices

ASB announces changes to ASB Personal Banking Terms and Conditions

We've made changes to our personal banking terms and conditions effective 22 October 2025:

Clause 39. Alert services

Added new clause.
‘39. Alert services 39.1 Each alert for your account will be sent to you separately. You can amend or cancel alerts in FastNet Classic or the ASB Mobile Banking app. The delivery and accuracy of alerts may be impacted by factors outside of ASB’s control such as services provided by third parties (for example, your internet service provider or mobile phone carrier). To the extent permitted by law, we will not be responsible for any direct or indirect costs, losses, damages, or other liability resulting from any failure or delay in receiving alerts or inaccurate information received in alerts.’

Revolving Credit Facility Changes

ASB will be closing their Rural Credit Facility and migrating customers with these loan types to either the Business Credit Facility or the Business Account throughout November and December 2025.

The terms and conditions, interest rates and fees relating to the customer's new facility type will apply. Refer to ASB Bank Limited's Terms and Conditions, Guide to Fees and Guide to Business Banking Fees for details.

Changes to the ASB Retail General Terms and Conditions

The following changes have been made to the Retail General Terms and Conditions in relation to information that ASB requires to comply with its legal and regulatory obligations. Changes have been made to tax compliance and events of default.

These changes are effective from 10 October 2025. We have:

• Updated the definition of “Taxes” in clause 1.2 to clarify that it includes any present or future tax, levy, impost, duty, rate, change, fee, deduction or withholding of any nature, including penalties, fines, and related charges imposed or assessed by a governmental agency.
• Added new clause 10.1(m) confirming that customers must comply with all tax obligations under any tax law that applies to them, including obligations that arise following exit or compliance with any tax law.
• Added clarification under clause 10.4 that non-monetary events of default will only apply if the breach is material or relates to a tax law, or is reasonably considered to have, or likely to have, a material impact.
  

ASB announces the following Savings Account interest rate changes effective Wednesday 1 October 2025. 

ASB is changing the interest rates on the following Savings accounts.

These changes are effective Wednesday 1 October 2025.

Society Account Changes

ASB will be closing their Society Account. Customers on this account type will be migrated onto Business Account by the end of September 2025.

Refer to ASB Bank Limited's Terms and Conditions, and Guide to Business Banking Fees for details. 

ASB announces Savings Plus Changes

ASB will be migrating existing Savings Plus customers to Savings Plus Monthly in October. The new product offers the opportunity to earn reward interest monthly, with updated eligibility criteria. Refer to ASB Bank Limited’s Terms and Conditions (for Personal Banking customers) or ASB’s Business, Rural and Corporate Banking Terms and Conditions (for Business Banking customers) , Savings Plus Monthly Terms and Conditions, Guide to Fees and Guide to Business Banking Fees for details.

ASB announces changes to ASB Savings Plus Terms and Conditions

We've made a change to the ASB Savings Plus Terms and Conditions.

The following change is effective 1st October 2025.

• Amendment to clause 3, reflecting the terms of account closure.

ASB announces updates to the Business, Rural and Corporate Banking Terms and Conditions, which will take effect from 25 September 2025.

In relation to Suspension of Accounts and Payment Refusal,
• Added new clause 11.1.i which provides for ASB to refuse to make a payment or suspend the operation of an account where we reasonably believe this is necessary to protect against the risk of fraud and/or scams.

In relation to Savings Plus,
• Updating clauses 20.3 and 20.5, regarding the number of withdrawals that can be made to earn full or partial reward interest on a Savings Plus account, to align with clauses 2 and 4 of the Savings Plus Terms and Conditions.

ASB announces changes to ASB Personal Banking Terms and Conditions

We've made changes to our personal banking terms and conditions effective 25 September 2025:

Clause 13. Refusing to act on an instruction or suspending your account

Added new subsection to clause 13.1.
'We reasonably believe that refusing to make the payment or suspending the operation of your account is necessary to protect against the risk of fraud and/or scams.'

Changes to ASB Mobile Banking Terms and Conditions

We've made changes to our Mobile Banking Terms and Conditions for ASB’s Open Banking Services. These changes are effective from 30 September 2025. 

Condition 1 has been updated to include additional financial data that can be shared with customer consent.

More information:
Open Banking is an industry initiative that allows you to securely make payments and share account information with approved third-party service providers. Find out more about Open Banking.

The updated ASB Mobile Banking Terms and Conditions can be found on our website from 30 September 2025.

ASB announces changes to the Business, Rural and Corporate Banking Terms and Conditions, which will take effect from 16 September 2025.

1. In relation to a new Savings Plus Monthly account,
   • Renamed section '20. Savings Plus' to '20. Savings Plus and Savings Plus Monthly'.
   • Added new subsection 'Savings Plus Monthly' to section 20 to outline terms and conditions for the new Savings Plus Monthly account.
   • Other consequential changes to refer to the new Savings Plus Monthly account.
2. In relation to closure of a product or transfer to an equivalent product
   • Added new clauses 3.8 to 3.10 to outline we may transfer you to another account type and will notify you, allowing you to select an alternative or close your account.
   • Consequential changes to clause numbering.
3. In relation to our privacy statement
   • Added new clause 25.1 to outline by using our products and services, you permit us to collect, hold, use, and disclose your personal information in accordance with our Privacy Statement and this section.
   • Consequential changes to clause numbering.

Important notice for ASB Business customers

ASB announces the following Business interest rate change:

The Education Admin Rate has decreased from 0.45% p.a. to 0.25% p.a.

This change will be effective on and from Monday 1 September 2025. Interest rates are subject to change.

Important notice for ASB Business, Corporate, Rural and Securities customers

ASB announces the following Business, Corporate, Rural and Securities interest rate changes:

Lending:
The Business Base Rate has decreased from 11.52% p.a. to 11.37% p.a.
The Rural Base Rate has decreased from 8.76% p.a. to 8.61% p.a.
The Floating Base Rate has decreased from 4.69% p.a. to 4.54% p.a.
The Corporate Indicator Rate has decreased from 5.93% p.a. to 5.78% p.a.
The Special Purpose Base Rate has decreased from 4.50% p.a. to 4.25% p.a.

Savings: 
The Business Saver Rate has decreased from 0.65% p.a. to 0.45% p.a.

Securities:
The ASB Margin Lending interest rate has decreased from 7.10% p.a. to 6.85% p.a.
The ASB Cash Management Account interest rate has changed as follows:

These changes will be effective on and from Thursday 28 August 2025. Interest rates are subject to change.

ASB announces the following Savings Account interest rate changes effective Wednesday 27 August 2025. 

ASB is changing the interest rates on the following Savings accounts.

These changes are effective Wednesday 27 August 2025.

ASB announces changes to ASB Personal Banking Terms and Conditions

We've made changes to our personal banking terms and conditions effective 28 August 2025. This is to outline more information on our privacy statement and where to find it. The change also includes electronic communications relating to fraud and scams as well as removal of legacy product information on arranged overdrafts.

Changes to the Merchant Services Terms and Conditions

The following changes have been made to the Merchant Services Terms and Conditions and take effect 08 August 2025. 

In relation to information that ASB requires to comply with its legal and regulatory obligations, we have made amendments to:

• Clause 4.7 (Security), amended to 4.7 (Credit Risk) to include ASB's ability to require its customers to provide any information it reasonably asks for, including any information about any transaction or payment made into or out of the customers' Deposit Account , any change to the customer that could impact the level of any unfulfilled sales, or the period between the date of transaction and delivery or provision of the related goods and services.
• Clause 10.3 (c) updated to include clause allowing ASB to terminate agreement if we reasonably believe urgent action necessary for us to avoid a material increase in our credit risk or our loss.
• Clause 10.7 (Suspension)  include ASB's ability to suspend or terminate merchant facilities if it has the customer has failed to comply with a request for information, move its Deposit Account to us provide security required under clause 4.7(Credit Risk).

ASB announce changes to the ASB Visa Credit Card conditions of use, effective 8 August.

• Made amendments to clause 6.6 to provide further clarity about how we allocate payments and your change
• Made amendments to clause 15.2 to provide further clarity about our ability to take security interest with regards to business liability credit cards

ASB announces the following changes to International Money Transfers ‘Other Bank Fees’ - effective 21 July 2025.

These changes will be published in the Guide to fees and Guide to business banking fees.

ASB announces changes to the ASB Visa Debit Card Conditions of Use.

We've made a change to the ASB Visa Debit Card Conditions of Use to update the process for setting your PIN. This change is effective immediately.

Important notice for ASB Business, Corporate, Rural, and Securities customers

ASB announces the following Business, Corporate, Rural and Securities interest rate changes:

Lending:
The Business Base Rate has decreased from 11.77% p.a. to 11.52% p.a. 
The Rural Base Rate has decreased from 9.01% p.a. to 8.76% p.a. 
The Floating Base Rate has decreased from 4.94% p.a. to 4.69% p.a.
The Corporate Indicator Rate has decreased from 6.18% p.a. to 5.93% p.a.
The Special Purpose Base Rate has decreased from 4.75% p.a. to 4.50% p.a.

Savings: 
The Business Saver Rate has decreased from 0.90% p.a. to 0.65% p.a.

Securities:
The ASB Cash Management Account interest rate has changed as follows:

These changes will be effective on and from Thursday 5 June 2025. Interest rates are subject to change.

ASB Securities announces the following interest rate change:

The ASB Margin Lending Rate interest rate will decrease from 7.35% p.a. to 7.10% p.a.

This change will be effective on and from Thursday 19 June 2025. Interest rates are subject to change.

ASB announces the following Savings Account interest rate changes effective 9am 6th June 2025. 

ASB is changing the interest rates on the following savings accounts.

These changes are effective 6th June 2025.

Important notice for ASB Business customers

ASB announces the following Business interest rate change:

The Education Admin Rate has decreased from 0.70% p.a. to 0.45% p.a.

This change will be effective on and from Sunday 1 June 2025. Interest rates are subject to change.

ASB announces changes to the Personal Banking Terms and Conditions

The following changes have been made to the Personal Banking Terms and Conditions and take effect from 9 June 2025.

Introduced clauses 24.4, 24.5, 25.2, and made amendments to clause 24.6, to update how we may choose to transfer your account type and how we will communicate these changes to you. 

ASB announces changes to the Business, Rural and Corporate Banking Terms and Conditions

The following changes have been made to the Business, Rural and Corporate Banking Terms and Conditions and take effect from 3 June 2025.

• Made amendments to clause 17.9, 17.10, 17.16 under Overdrafts to update the charging day for fee and debit interest.
  

Important notice for ASB Business customers

ASB announces the following Business interest rate change:

The Education Admin Rate has decreased from 0.95% p.a. to 0.70% p.a.

This change will be effective on and from Thursday 1 May 2025. Interest rates are subject to change.

Important notice for ASB Business, Corporate, Rural and Securities customers

ASB announces the following Business, Corporate, Rural and Securities interest rate changes:

Lending:
The Business Base Rate has decreased from 12.02% p.a. to 11.77% p.a.
The Rural Base Rate has decreased from 9.26% p.a. to 9.01% p.a.
The Floating Base Rate has decreased from 5.19% p.a. to 4.94% p.a.
The Corporate Indicator Rate has decreased from 6.43% p.a. to 6.18% p.a.
The Special Purpose Base Rate has decreased from 5.00% p.a. to 4.75% p.a.

Savings:
The Business Saver Rate has decreased from 1.15% p.a. to 0.90% p.a.

Securities:
The ASB Margin Lending interest rate has decreased from 7.60% p.a. to 7.35% p.a.

These changes will be effective on and from Thursday 17 April 2025. Interest rates are subject to change.

ASB announces the following Savings, Transactional Account and Variable Homelending interest rate changes effective 16th April 2025.