How do I get an overdraft?
Last Updated: 24 Feb 2022
If you wish to apply for an overdraft you can visit us in branch or call a specialist directly on 0800 803 804 (+64 9 306 3000 from overseas). Mon - Fri 8:00am - 8:00pm, Sat, Sun & public holidays 8:30am - 5:00pm.
Eligibility
- Be over 18 years old
- Are a NZ citizen or resident
Fees
Check out our current rates and fees.
There are a few things you should know about overdrafts:
- Approval is subject to ASB's terms and lending criteria.
- An overdraft works as a line of credit, meaning it's available for you to use, as and when y ou need it, up to a set limit.
- The current unsecured interest rate applies to any overdrawn balance up to your approved overdraft limit.
- If your approved limit is exceeded, then default interest at our unarranged overdraft interest rate will be charged on that amount.
- If there is no arranged overdraft in place, then interest at our unarranged overdraft interest rate will be charged on any overdrawn balance on your account. If your account is in excess of $20.00, you will also be charged our monthly unarranged overdraft facility fee of $3.00.
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