ASB Securities
No account fee on the ASB Cash Management Account or the ASB Foreign Currency Account for share trading. · Not published
Account feeNo account fee on the ASB Cash Management Account or the ASB Foreign Currency Account for share trading.NZ brokerageOnline: NZ$15 up to and including NZ$1,000; NZ$30 over NZ$1,000 and up to and including NZ$10,000; 0.30% over NZ$10,000. A $2 charge per trade applies to customers who receive printed contract notes.US brokeragePhone only: 0.60% with a minimum of US$50 per trade, plus an agency fee of 0.4% with a minimum of US$40 per trade, on orders up to and including US$50,000. No online US rate is published.FX feeNot publishedCustody fee$125 every six months for the ASB Nominees service, waived for margin lending customers when interest accrued exceeds $400 in the preceding six months.AccessNew Zealand and Australian listed shares online; US, UK and Canadian shares through the New Zealand-based broker team; fixed interest; exchange-traded funds, whose management fee is charged by the fund manager; margin lending; and term deposits.
Conditions
- ASB's rates page states that foreign exchange fees may apply on the share-trading accounts but publishes no rate; an ASB Foreign Currency Account can be held to reduce FX exposure.
- US, UK and Canadian trades are priced over the phone, with no online rate published, and settle through the broker team.
- The nominee fee is charged six months in arrears and is the custodial charge for holdings held through ASB Nominees Limited.
- Australian online trades are AU$15 up to AU$1,000, AU$30 over AU$1,000 up to AU$10,000, and 0.30% over AU$10,000.