ASB launches debit card dedicated solely to business

ASB has announced the launch of a new Visa Debit card, designed specifically for its small business customers.

The new ASB Visa Debit for Business card will have all the functionality of a credit card, and gives SMB customers another option to make business purchases in-store, online or overseas using their own money.

"It's important to us here at ASB to keep expanding the services we provide to make sure we're offering the innovative financial tools our customers expect from us," says ASB executive general manager, business banking, Tim Deane.

Deane says the creation of the new type of card came about from some of the bank's small business customers telling it they would prefer to use a debit card rather than a credit card.

"And that is what has led to us being the first bank in New Zealand to offer the first dedicated business debit card for small business customers," he says.

"It means our small business owners will not have to deal with the stress of relying on future income to make payments, instead they have the peace of mind knowing that they are spending what they know they have available," says Deane.

Deane says the distinctive design of the Debit for Business card will make it easier for customers to be able to tell ASB debit business and personal cards apart.

"Plus, there is also the added benefit of giving customers who currently use manual payment options such as cheques, some time back in their workday," he adds.

"By using our new ASB Visa Debit for Business card small business customers do not have to wait to balance accounts, because they're receiving real-time information," explains Deane.

Other benefits of the Visa Debit for Business include:

• Access to a range of business benefits and offers with Visa Business Service Offers
• Every transaction you make is protected by Visa Zero Liability cover
• More offers, competitions and concert pre-sales through Visa Entertainment
• Works with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay
• Easily pay for business subscription services and other regular bills