NAB Project Bank Account

Untimely, incorrect or non payments within the Building industry can be devastating, where subcontractors have been left out of pocket far too often. If you’re a head contractor, our Project Bank Account can help you manage that risk.

Manage the risk of changing income

Developed according to the Building and Industry Fairness (Security of Payment) Act 2017 (QLD)
Secure payment for work
Increase speed and accuracy of payment

Electronic access to your account

Electronically access your Project Bank Account through our user friendly platform, NAB Connect

Get the most from your account

Three trust accounts, one account each for general, retention and disputed funds
No account keeping fees
Dedicated sales and servicing team to assist you with account establishment

To be eligible for the Project Bank Account you must confirm you are:

A party to a building contract or subcontract in relation to certain building projects in Queensland
Required to open certain accounts for the purpose of a building project subject to the operation of the Building Industry Fairness (Security of Payment) Act 2017 (QLD)

More information on the Building Industry Fairness (Security of Payment) Act 2017 (QLD) is available on the website of the Department of Housing and Public Works.

Contact your NAB Relationship Manager or alternatively request a call back.

Important information

NAB recommends you consider the Product Disclosure Statement or other disclosure statement, available from NAB, before making any decisions regarding these products. Please request a copy from your NAB Relationship Manager.

Request a call back