Features and Benefits

Lock

Secure payments

Deposits for services are held securely by a third party until the seller (barrister) requests payment.

user on phone

Ability to raise a dispute

You’ll have an opportunity to dispute a payment release request from the seller in a specified timeframe.

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Record management

You’ll receive confirmation when deposits have been made, so you can keep track of deposits into and out of the Escrow account.

How to use NAB Escrow

Visit the Buyer FAQs to learn how to:

  • Deposit funds into the Escrow account.
  • Raise a dispute on a payment release request.
  • Request a refund of funds in the Escrow account.

Eligibility criteria

Buyers may only apply to participate in the NAB Escrow Service upon invitation from a seller. Please note that as a NAB Escrow buyer, you are acquiring services from the seller and do not become NAB’s customer.

For individuals

To be eligible to become a NAB Escrow buyer, you must confirm you:

  • Are an individual
  • Are 18 years of age or older
  • Have a valid mobile phone number and email address.

Please complete the NAB Escrow Service – Buyer Application Form for individuals (PDF, 267KB).

For businesses (sole traders, partnerships and companies)

To be eligible to become a NAB Escrow buyer, you must confirm you:

  • Are a business entity operating in Australia
  • Are not a limited partnership or limited incorporated partnership
  • Have a valid mobile phone number and email address.

Please complete the NAB Escrow Service – Buyer Application Form for business entities (PDF, 336KB).

For a company, you must nominate a Buyer Delegate to represent the company and receive all communications in relation to the NAB Escrow Service.

For a partnership, please complete the NAB Escrow Service Master Authority Form for partnerships (PDF, 434KB) which authorises each partner to enter into the NAB Escrow Service as a Buyer representing the partnership, before initial application for the NAB Escrow Service.

For trustees

To be eligible to become a NAB Escrow buyer, you must confirm you:

  • Are a sole corporate trustee of a trust, or an individual trustee of a trust with no more than four trustees
  • Have a valid mobile phone number and email address.

Please complete the NAB Escrow Service – Buyer Application Form for trustees (PDF, 292KB).

For a corporate trustee or multiple individual trustees, you must nominate a Buyer Delegate to represent the Buyer and receive all communications in relation the NAB Escrow Service.

other important information

Important information

NAB recommends you consider the Terms and Conditions or other disclosure document, available from NAB, before making any decisions regarding this product. This product is issued by National Australia Bank Ltd ABN 12 004 044 937.

The Target Market Determination for this product is available at nab.com.au/TMD.