Important updates to your NAB Commercial Card Facility

When do the new terms take effect?

The updated terms will take effect:

• changes to both NAB Business Card and NAB Corporate and Purchasing Card terms and conditions will take effect on 1 October 2025.

What changes are being made?

NAB is changing the way in which positive balances on business and corporate and purchasing card facilities are managed. We are updating our terms and conditions to reflect the changes being made and how they affect customers.

The updates we have made to our terms and conditions include:

• A new term that now defines what a ‘Positive Balance Limit’ is.
• A new clause outlining that customers must ensure their facility does not exceed the Positive Balance Limit.
• A new clause which outlines what action NAB will take when a facility has exceeded the Positive Balance Limit.
• A new clause to provide details relating to NAB liabilities when action has been taken against a facility that has exceeded the Positive Balance Limit.

Please note: This is only a summary of the updates we have made and is not intended to be relied upon as a complete or accurate list of changes. NAB recommends that you review the updated terms and conditions to review the full extent of the changes coming into effect.