National Online Corporate is NAB's electronic business banking solution that allows business customers to be in contact with NAB 24 hours a day, 7 days a week.

National Online Corporate provides our customers with a choice of the following services:

• Account Reporting - with optional Account Reconciliation and/or Sub Accounting
• Funds Transfer - both domestic and international
• Direct Payments
• Market Information
• International Trade
• Financial File Transfer
• Custodian Services

The potential benefits for our customers are:

• Ability to manage trade transactions from the convenience of their office
• Improved efficiency and productivity
• Faster turnaround of transactions
• Direct access to NAB's  service centres
• Reduced fees
• Daily outstanding reports
• Customers can create their own supplier/buyer database

The International Funds Transfer service allows businesses to transfer Australian Dollars or overseas currency to an overseas beneficiary or transfer overseas currency to a domestic beneficiary and settle the transaction in a number of ways, such as:

1. Convert at a spot rate
2. Deliver under a forward exchange contract
3. Debit a NAB Foreign Currency Account
4. Settle in another foreign currency (cross currencies)
5. Utilise trade finance
6. Debit an Australian Dollar account

Customers may also be eligible for reduced fees once International Funds Transfer has been installed.

The International Trade service allows importers, exporters and local traders to initiate and monitor trade transactions electronically that were previously done manually.

Importers/buyers can:

1. Establish letters of credit and initiate amendments
2. Be advised electronically of receipt of documentation (either under collection or letter of credit)
3. Advise settlement or trade finance details
4. Communicate with the international service centres electronically via email

Exporters/sellers can:

1. Receive electronic notification of any letters of credit or amendments received in their favour
2. Receive notification of any proceeds received
3. Communicate with the international service centres electronically via email 
4. Arrange collection of documentary export payments

Customers can also monitor outstanding trade transactions such as letters of credit, forward exchange contracts and trade finance, via daily information reports.

Customers may also be eligible for reduced fees for  import and domestic letters of credit, once international trade has been installed.

To arrange an obligation free demonstration of the software, in your office, at time that is convenient to you, please contact your NAB Business Banker, or call 13 10 12

Read or download your copy of the Product Disclosure Statement including terms and conditions for National Online Corporate.