Notices - 2019
ASB announces the following US dollar (USD) foreign currency call account interest rate changes - 31 October 2019
ASB is changing the interest rates on the following USD foreign currency call accounts. These changes are effective 31 October 2019.
Interest rates are subject to change.
| USD Call Account | Interest rate (p.a.) | |
| USD0 - USD99,999 | 0.00% (unchanged) | |
| USD100,000 - USD199,999 | 0.00% | |
| USD200,000+ | 0.25% |
These changes also apply to USD foreign currency call accounts held with ASB Securities.
ASB Securities announces the following interest rate changes - Effective 27 September 2019
- To reduce ASB Margin Lending interest rate from 5.90% to 5.70% p.a. (-20bps); and
- To reduce ASB Cash Management Account interest rate tiers as follows:
| Balance Band | Current (p.a) | Rate movement (p.a) | New (p.a) | |
| $0-$499,999 | 0.00% | Unchanged | 0.00% | |
| $500,000+ | 0.25% | -0.25% | 0.00% |
ASB PrizeSaver - changes to the terms and conditions and monthly prize draw pool
We've made some changes to the ASB PrizeSaver terms and conditions and the total monthly prize draw winnings.
What are the changes?
Effective 1 October 2019, the winning prize pool will have 10 winners of $1,000 every calendar month moving forward.
We have updated clause 6 of the PrizeSaver terms and conditions effective 1 October 2019 to reflect the above changes.
ASB announces the following US dollar (USD) foreign currency call account interest rate changes - 01 August 2019
ASB is changing the interest rates on the following USD foreign currency call accounts. These changes are effective 01 August 2019.
Interest rates are subject to change.
| USD Call Account | Interest rate (p.a.) | |
| USD0 - USD99,999 | 0.00% (unchanged) | |
| USD100,000 - USD199,999 | 0.25% | |
| USD200,000+ | 0.50% |
These changes also apply to USD foreign currency call accounts held with ASB Securities.
Changes to ASB Privacy Statement
The ASB Privacy Statement will be updated to provide further information and transparency about ASB's privacy practices. This statement provides information in addition to what is provided under ASB's terms and conditions, which govern a customer's relationship with ASB.
This amendment will take effect on 14 August 2019.
Changes to Foreign Exchange Terms and Conditions: Travellers Cheques
Further to our previous notice advising a change in our acceptance of Travellers Cheques, our Foreign Exchange Terms and Conditions have been amended to remove Clause 2.5, effective from 1 July 2019.
Changes to our policy for accepting travellers cheques:
From 1 July 2019, ASB will no longer accept travellers cheques for encashment or deposit to an ASB account. After this date, customers should contact the issuer of the travellers cheques for further advice about how and where to redeem them.
ASB announces the following card fee changes.
Effective 14 February 2019
Overseas cash advance/withdrawal fee for all ASB Credit cards, Debit cards and Fastcash cards:
- Overseas cash advance/withdrawal fee at a Teller or ATM was $7.50, now $0.
Cash advance fee for all ASB Credit cards:
- Cash advance fee for ATM/FastPhone/FastNet Classic – was $2.00, now $0.
- Reduction of the teller assisted cash advance fee - was $5.00, now $3.00.
Offshore service margin change for ASB Visa Credit cards and ASB Visa Debit cards:
- Removal of Offshore Service Margin charge for refunded purchases.
Changes to our True Rewards Card Conditions of Use
We're making some changes to our True Rewards Card Conditions of Use that will take effect from 5 March 2019. You can view the adjusted document here.
