NAB Business Products comparison table

 

Product Comparison Table - Features and Benefits

This table is a summary of key features and benefits of NAB Business Products.

  NAB Business Cheque Account ($0 Monthly Fee Option) NAB Business Cheque Account ($10 Monthly Fee Option) NAB Business Management Account NAB Everyday Business Account NAB Business Cash Maximiser NAB Farm Management Account NAB GST Business Offset Account NAB Community Fee Saver Account

Account Access

ATM Yes Yes Yes Yes No Yes Yes Yes
EFTPOS Yes Yes Yes Yes No Yes Yes Yes
Internet Banking Yes Yes Yes Yes Yes Yes Yes Yes
Telephone Banking Yes Yes Yes Yes Yes Yes Yes Yes
Periodical Payments Yes Yes Yes Yes No Yes Yes Yes
Direct Debit Yes Yes Yes Yes No Yes Yes Yes
Cheque Book option Yes Yes Yes Yes No Yes Yes Yes

Returns

Interest Calculated No No Daily 1 Daily Daily 3 Daily No No
Interest Paid No No Monthly Monthly Monthly Monthly No No
Fee Structure See NAB's brochure 'Business Banking Fees – A Guide to Fees and Charges' for full details of the fee structure for each product.

Product Features

Minimum account balance No No No No No No No No
Eligibility criteria No No No No $10,000 (Opening) Other NAB accounts and services must be held 4 No No Yes To open a NAB Community Fee Saver account, you must be a not for profit organisation or community group
Statements Yes Yes Yes Yes Yes Yes Yes Yes
Overdraft facility Yes 2 Yes 2 Yes 2 Yes 2 No Yes 2 No Yes 2
  1. Interest is not calculated when the balance of the account is below $5,000.
  2. Debit interest is calculated on the daily balance and charged monthly.
  3. Interest is not calculated where the balance of the account is below $10,000.
  4. You must have a NAB business transaction account in the same name(s), and access via an electronic NAB service (e.g. NAB Internet Banking or NAB Telephone Banking). See clause 2.2

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