NAB Payments

• Maximise resources – outsourcing the preparation, production and dispatch of paper based payments allows for more effective utilisation of internal resources.
• Minimise accounts payable costs – reduce the expenses associated with the purchase of stationery for the production and mailing of cheques.
• Minimise bank transaction fees – the use of NAB Corporate Bank Cheques and bulk payment files reduces fees applicable to your operating account.
• Improve cash management and account reconciliation.

• One single electronic process for issuing both cheque and direct entry payments.

You can choose from three different methods for paying your accounts:

• NAB Corporate Bank Cheque – we prepare and distribute a NAB Corporate Bank Cheque on A4 stationery incorporating a detachable remittance advice. The remittance advice may be personalised to include your business logo and other relevant details.
• NAB Corporate Cheque – we prepare and distribute a NAB company cheque on A4 stationery incorporating a detachable remittance advice. The cheque and remittance advice may be personalised to include your business logo and other relevant details.
• NAB Direct Credit – we process an electronic direct credit payment to your creditor’s bank account overnight Monday to Friday, excluding public holidays. We then post, email or fax a remittance advice to the beneficiary confirming the payment.
• You can also include advice only instructions in your file