Business banking options

Internet Banking

The simple solution for managing your business accounts, payments and financial data online.

Payment limit: Payments up to $40K (increase up to $100K with banker approval)

Multiple users: Add multiple users (basic dual authorisation of payments)

Multiple payments: Make up to 99 payments simultaneously

Xero integration: Integrate transaction feeds with Xero accounting software

 

NAB Connect

NAB Connect is a paid solution for businesses with more advanced online banking requirements.

Payment limit: Limited by your account balance (or a formal limit)

Multiple users: You can create, customise and manage different user profiles and authorisation levels

Multiple payments: Make up to 25,000 payments simultaneously

Foreign exchange: Book foreign exchange deals (of up to $5M per deal) and view currency conversion rates before you transfer

Here's a comparison

Caption
NAB Internet Banking NAB Connect
Fees (other fees and charges may apply) NAB Internet Banking
NAB Connect
Payments service fee NAB Internet Banking No payments service fee NAB Connect
Multiple payments NAB Internet Banking $0.20 per payment (upload via .aba files) NAB Connect $0.25 per payment (upload via .aba files)
Authorising Users NAB Internet Banking Free (basic dual authorisation of payments) NAB Connect
Payments NAB Internet Banking
NAB Connect
Daily limit for transfers to unlinked domestic accounts NAB Internet Banking 40K (increase up to 100K with banker approval) NAB Connect Limited by your account balance (or a formal limit)
Daily limit for international transfers NAB Internet Banking 20K (increase up to 300K with banker approval) NAB Connect Limited by your account balance (or a formal limit)
Multiple Payments NAB Internet Banking 99 transactions at a time NAB Connect 25,000 transactions at a time
Users NAB Internet Banking
NAB Connect
Create, edit and manage users NAB Internet Banking NAB Connect
Levels of authorisation NAB Internet Banking 2 Levels NAB Connect Multiple customisable levels
Third Party Compatibility NAB Internet Banking
NAB Connect
Xero Integration NAB Internet Banking NAB Connect
Export .csv files  NAB Internet Banking NAB Connect
Mobile NAB Internet Banking
NAB Connect
Associated app (iOS and Android)  NAB Internet Banking NAB Connect
Account & Services NAB Internet Banking
NAB Connect
Create or update PayIDs for eligible accounts  NAB Internet Banking NAB Connect
Direct Debit NAB Internet Banking NAB Connect
Merchant Facilities  NAB Internet Banking NAB Connect
Cheque & Voucher Images online NAB Internet Banking NAB Connect
Trade & Invoice Finance online tools NAB Internet Banking NAB Connect
View & Manage Foreign Currency Accounts NAB Internet Banking NAB Connect
Transactions & Statements NAB Internet Banking
NAB Connect
Transaction history NAB Internet Banking 560 days NAB Connect 560 days
Online statements NAB Internet Banking Up to 7 years NAB Connect Up to 7 years
Payroll NAB Internet Banking
NAB Connect
Limits NAB Internet Banking 99 transactions at a time NAB Connect 25,000 transactions at a time

More information

Your first payment to other NAB payees will take 24 hours (as a security precaution). Payments to non-NAB payees made on a weekday by 6pm will be submitted when you make the transfer. However, other banks and financial institutions may take longer to process your payment.

For increased payment limits, please contact us on 13 10 12.

BPAY® is a registered Trademark of BPAY Pty Ltd ABN 69 079 137 518.

Fast payments only apply to your eligible accounts. A payment limit may apply to fast payments.

Selecting our optional Quick Balances feature will disable your SMS account balance notifications.

NAB Internet Banking

Personal Banking Fees – A guide to fees and charges (PDF, 355KB)

Business Banking Fees – A guide to fees and charges

NAB Connect

NAB Connect Fees and Charges Guide (PDF, 300KB).

NAB Connect Terms and Conditions

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