We’ve abolished overdrawn fees

Now effective September 1 2009

You will no longer be charged an overdrawn fee on your everyday personal transaction or savings account. There are no disclaimers, we won't go back on this decision or try and recoup these fees somewhere else.

We made this change because the way you use money has changed. With funds constantly moving in and out of your accounts and payday often falling on a different day of the month, it is easy to temporarily overdraw your account. By getting rid of these fees we hope to build stronger relationships with you and help you to do more with your money.

For a list of accounts benefiting from this change simply,

find out more

Below is a quick reference table that will help you understand what this means to your everyday banking.

Fee When it applies Amount being abolished Personal accounts these fees apply to
Reference fee Applies when you make a payment that exceeds your available funds and NAB pays the transaction $30 per day Transaction

Savings

Cash management

Some mortgage products
Dishonour fee (outward payments including direct debit) Applies when you make a payment that exceeds your available funds and NAB dishonours the transaction $30 per item
Periodical non payment fee Applies when a periodical payment is deferred or dishonoured due to insufficient available funds in your account $30 per item

For answers to all of your questions: Find out more