Payment times. Funds transfer. We understand you’ll receive Ministry of Social Development (MSD) payments earlier than usual. From there it depends on the receiving bank as to when it is posted to the intended account, however best practise is for NZ banks to process the payment within an hour. For future dated payments, see automatic payments.

Same-day funds transfer: Paying another ANZ account: We take the money from your account and send it immediately when you confirm the payment. How and when we’ll make your electronic payment. Who you're paying. Depending on the receiving bank’s timeframes, the recipient could see the money in their account quickly after you make a payment or it may show overnight. Processing times for making payments The time it takes to process a payment will vary between the types of payments. For payments between ASB and other New Zealand banks, from Monday to Friday: Payments are sent every hour to other banks between 9:15am and 11:30pm. Between these times, if you use One-Off Payment or FastNet IRD, we send the money within one hour but it’s up to the receiving bank when it’s posted to the recipient’s account. Remember, if you set up a same-day electronic payment to another bank after 10pm or on a non-business day, we take the money immediately but send the payment in the morning of the next business day. This includes whether it’s going to a BNZ account or accounts at other banks, the length of time it takes to process the payment, and whether it has been changed.

If you have scheduled a payment to be made at a future date (like an automatic payment) then we … ... Air New Zealand Airpoints™ Platinum Visa