Business Banking fees and charges

A guide to fees and charges effective 7 November 2016 (PDF, 368KB )

Addendum to Business Banking Fees - 9 November (PDF, 274KB )

This page covers the fees that may apply for a range of our Business products and services. It only applies to NAB branded products and services unless we have specifically advised you otherwise. You can use this guide to identify which fees may apply to you and ways you may reduce or avoid these fees.

Section 1 details the fee structure for Business Accounts and Services and for NAB Business Visa Debit card.

Section 2 details the fee structure for Agribusiness Products and Services.

Section 3 details NAB Cards for Business customers.

Section 4-7 covers the remaining fees which could apply to your account including fees related to loans and
lending and government taxes and charges. We pass on government charges and taxes to customers at the time
they are payable. These taxes may change at any time.

There is a separate fees and charges guide for personal banking products.

How this guide fits with other documents:

This guide forms part of the Product Disclosure Statement (PDS)/terms and conditions for the products listed in this document.

Any questions?
If you have any questions simply contact your nearest NAB Business Banker, or call 13 10 12, Monday to Friday,
from 8am to 8pm AEST, and Saturday to Sunday, from 9am to 6pm AEST.

Section 1 Business Accounts and Services

Section 2 Agribusiness Products and Services

Section 3 NAB Cards for Business

Section 4 Business Lending Facilities

Exports
Documentary Collections-Outward D/P (sight) or D/A (Term) 
Despatched for collection 0.25% of collection amount (minimum $90) (maximum $850) plus handling and communication charges of $25 (GST inclusive) 
Purchased for collection 0.25% of collection amount (minimum $90) (maximum $850) plus $50 Trade Finance Fee plus handling and communication charges of $25  
Direct Collections (using National Online Corporate or NAB Connect) $60 (GST inclusive)
Direct Collections Purchased (using National Online Corporate or NAB Connect) $60 plus $50 Trade Finance Fee
Other Services (inclusive of handling and communication charges):
Collections presented with instructions to release against simple receipt or free of payment $90 for each set of documents (GST inclusive)
Refusal to accept/pay against documents as presented $90
Letters of Credit Inward-Export/local/stand-by

Advising new credits or amendments

Charged where documents will be presented to another bank. Waived if documents are presented to NAB

 

$90 (new credits)

$50 (amendments)

Drawings-Documents despatched 0.25% of drawing amount (minimum $90) (maximum $850) plus handing and communication charges of $25
Other Services (inclusive of handling and communication charges):
Without Recourse or Confirmation Fees are available on application
Back-to-back and Transferable Credits Fees are available on application (a minimum assessment fee of $200 applies)
Assignment of proceeds (per assignment) 

$90 (clean)

$90 (documentary)

Discrepancy Handling Fee $40 per set of documents

Acceptance of term drafts drawn on NAB

(not applicable if drawing is done Without Recourse or Confirmation)

Fees are available on application
Refusal to accept/pay against documents as presented $90
Bank to Bank Reimbursement claims $90
Imports
Documentary Collections-Inward D/P (Sight) or D/A Term
Documents received for collection .25% of collection amount (minimum $90) (maximum $850) plus handling and communication charges of $25
Other Services (inclusive of handling and communication charges):
Airway Bill Release-Goods consigned to NAB $90 per service
Refusal to accept/pay against documents as presented $90 per service
Extension of term bills on instructions of remitting party $90 per service
Where documents are received with instructions to be released free of payment and item is finalised in NAB's records $90 per service
Previously accepted bills received for collection and payment $90 per service

Endorsement or Avalisation Fee

Release of documents against Trust Receipt and NAB accepts responsibility for eventual payment

Available on application
Letters of Credit Outward (Establishment)-Import/local/stand-by
Issued/Established $120 plus handling and communication charges of $15
Issued/Established using National Online Corporate or NAB Connect $75 plus handling and communication charges of $15
Issued fully cash backed $90
Other Services (inclusive of handling and communication charges)
Stand-by Letter of Credit Fee available on application
Amendment $90
Amendment using National Online Corporate or NAB Connect $45
Where any undrawn balance remaining at expiry is greater than the equivalent of AUD 5000 0.25% of amount remaining (minimum $90)
Cancellation of or any Decrease in credit amount 0.25% of the cancellation/decrease amount (minimum $90) plus amendment fee
Letters of Credit Outward (Drawing)-Import/local/stand-by
Drawings-Documents received 0.375% of drawing amount (minimum $100) plus handling and communication charges of $25
Drawing-Documents received where Letter of Credit was established using National Online Corporate or NAB Connect 0.325% of drawing amount (minimum $100) plus handling and communication charges of $25
Other Services (inclusive of handling and communication charges)
Refusal to accept/pay against documents as presented $90
Note: The following Fees and Charges are normally charged to your Supplier but may be payable by you where you have agreed to this with your supplier
Acceptance of term drafts and/or incurring a Deferred Payment Undertaking 1.5%p.a. (minimum $90)
Handling of Discrepancies USD90 or equivalent in other currency
Reimbursement bank commission USD90 or equivalent in other currency
 
Invoice Finance
Application fee Available on application
Facility fee Available on application
Purchase Charge Available on application
   
Payables Finance
Application fee Available on application
Supplier Discount Available on application
Payment Processing Charges $25 USD
 
Receivables Purchase
Application fee Available on application
Purchase Charge Available on application
 
General Charges and Other Trade Services
 
Trade Finance-International or Domestic

Finance of trade transactions

  • Fee is to apply to any initial request and again on any subsequent requests for a rollover of finance covering:
  • documentary collections
  • telegraphic transfers
  • international cheques
  • invoices only

Note: Fee is not charged for refinance under Letters of Credit, except for rollovers.

$50 for each request
Trade Finance-Prepayments $50 plus any economic costs1

1 Economic cost is NAB's reasonable estimate of it's loss (if any) from the early termination of a loan/facility, the early termination of a fixed rate or a prepayment

 

Section 5 Other Service Fees

Section 6 Government Taxes and Charges

Section 7 Definitions

NAB Business Everyday Account ($0 Monthly Fee Option), NAB Business Everyday Account ($10 Monthly Fee Option) , NAB Business Management Account (no longer for sale), NAB Business Interest Account, NAB Business Cash Maximiser, NAB GST Business Offset Account (no longer for sale), NAB Community Fee Saver Account and NAB Farm Management Account.

Union Pay International - Interchange Service Fee

Category

UPI Interchange Service Fee Total

(Ex GST)

UPI Interchange Service Fee Total

(GST Inc)


Card Present NAB EFTPOS Transactions
1.20% 1.32%

eCommerce Transactions (AUD)
1.20% 1.32%

eCommerce Transactions (CNY)
1.20% 1.32%

eCommerce Transactions *
1.15% 1.27%

* Only applicable for international E-Commerce transactions acquired at the following merchant categories: Airline (4511), Education (8211, 8220, 8241, 8244, 8249, 8299) and Insurance (5960)

For more information call 13 10 12 from 8am-8pm Mon-Fri, or 9am-6pm on weekends (AEST/AEDT) . Alternatively, you can visit us at nab.com.au.

Hearing impaired customers with telephone typewriters can contact us on 13 36 77.

© 2016 National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 60334A0816