We are introducing some changes to our Express Business Deposit service to reduce our environmental impact:
- We are setting a minimum limit of $500 in cash that can be deposited in a single bag. This amount can be a mix of notes and coins. The total amount of coins must not exceed $300, with no more than $100 in silver.
- We will no longer be accepting AUD cheques, merchant slips, or money orders through Express Business Deposits.
What’s staying the same?
- Deposit limits for coins in a single Express Business Deposit bag remain the same, with a maximum limit of $300 in coins, with no more than $100 in silver coins.
- You will still be able to deposit cheques via Express Cheque Deposits – to find out more, please speak to your banker or visit us in branch.
Why the changes?
Making these changes will help us reduce our environmental impact by using fewer plastic bags. This change is also in response to the current hygiene risks involved with handling physical cash.
You’ll already see these new limits on Express Business Deposit bags.
For more information please refer to the instructions on the Express Business Deposit bag.
When do these changes take effect?
These changes will take effect in line with updates to the NAB Business Product Terms and Conditions on 1 October 2021.
We will formally notify you of these changes before 1 October 2021. While these changes are not yet mandatory, we recommend putting them into practice now to avoid any disruptions to your business.
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