Do I need to have an ASB savings account to use Save the Change?
Last Updated: 27 Jul 2021
Yes, although it can be either your own ASB savings account or someone else's, whoever you'd like to receive the money.
If you don't have an eligible ASB savings account, you can apply for an account online.
In the ASB Mobile Banking app:
- Log in and select Open & apply from the main menu.
- Select Transaction or Savings account and follow the instructions.
In FastNet Classic:
- Log in and select ‘Open and apply’ on the accounts page.
- When the Open & apply page opens, select 'Open an account' from the Bank accounts section.
- Select a savings account and follow the instructions to apply.
How do I send my Save the Change savings to someone else's ASB savings account?
If you’d like to Save the Change for someone else, such as your children or grandchildren, you can. Their account will need to be an eligible ASB savings account.
In the ASB Mobile Banking app:
- Log in and select the transaction account you are Saving the Change from.
- On your Account summary, select 'Save the Change Setup' under 'More options'.
- Under Change goes into, select Another person's account.
- Add their name and account details and the reference to appear on their account.
- Select 'Done'.
In FastNet Classic:
- Log in and open the menu in the top left of the screen.
- Select 'Financial wellbeing' and then 'Save the change'.
- Select 'View/Edit setup'.
- Under You are Saving the Change to, select 'Add another Account'.
- Select 'Another person’s ASB savings account'.
- Add their name and account details and the reference to appear on their account.
- Select 'Add', and then 'Save and close'.
Did this answer your question?
Related Answers
-
That's easy. You can switch off Save the Change any time you like through the ASB Mobile Banking app or ...
-
Yes. To change your nominated savings account in FastNet Classic or the ASB Mobile Banking app you'll need to add ...
-
If for any reason we can’t transfer your savings into one of your nominated savings accounts, the funds will simply ...
-
We try to even things up, so the total rounded amount is split evenly amongst the number of savings accounts ...
-
You'll simply need both an eligible ASB transaction and savings account. If you want your Save the Change savings to ...
-
You'll earn whatever the interest rate is on the ASB savings account(s) that your savings go into. However, if you ...
-
Don't worry, the purchase will still go through. Save the Change calculates your savings at the end of each day ...
-
Save the Change doesn’t apply on transactions involving: Credit Cards (including refunded purchases). Cheques. Transfers. Transactions processed in an ASB ...
-
If you close your accounts Save the Change will switch off. If you have nominated more than one savings account, ...
-
Save the Change works by rounding up the electronic transactions on transactions you’ve selected, to the nearest multiple of $1, ...