Business Banking fees and charges

A guide to fees and charges effective 27 March 2017 (PDF, 374KB )

Addendum to Business Banking Fees - 27 March 2017 (PDF, 274KB )

This page covers the fees that may apply for a range of our Business products and services. It only applies to NAB branded products and services unless we have specifically advised you otherwise. You can use this guide to identify which fees may apply to you and ways you may reduce or avoid these fees.

Section 1 details the fee structure for Business Accounts and Services and for NAB Business Visa Debit card.

Section 2 details the fee structure for Agribusiness Products and Services.

Section 3 details NAB Cards for Business customers.

Section 4-7 covers the remaining fees which could apply to your account including fees related to loans and
lending and government taxes and charges. We pass on government charges and taxes to customers at the time
they are payable. These taxes may change at any time.

There is a separate fees and charges guide for personal banking products.

How this guide fits with other documents:

This guide forms part of the Product Disclosure Statement (PDS)/terms and conditions for the products listed in this document.

Any questions?
If you have any questions simply contact your nearest NAB Business Banker, or call 13 10 12, Monday to Friday,
from 8am to 8pm AEST, and Saturday to Sunday, from 9am to 6pm AEST.

Section 1 Business Accounts and Services

Opening a Business Account

A company/business name search fee is payable at opening of all new accounts/facilities/packages and for facility increases/renewals. A Personal Property Securities Register search fee may also be payable. For more details see Section 5.

How fees are calculated

Fees for the following business accounts are calculated from the last business day of the previous month to the second last business day of the current month.

NAB Business Everyday Account ($0 Monthly Fee Option),
NAB Business Everyday Account ($10 Monthly Fee Option),
NAB Business Interest Account
NAB GST Business Offset Account (no longer for sale) and
NAB Business Management Account (no longer for sale).

Account Service Fees/Flat Fees

When are these fees first payable?

For all business accounts, the account service fees/flat fees are payable and debited on the last business day of the month.

Exceptions:

NAB Farm Management Account where these are payable and debited annually;
NAB GST Business Offset Account (no longer for sale) linked to a NAB Farm Management Account, the fee is payable on the last business day of the month and debited at any time after that, usually no later than on the first business day of the following month.

When are these fees first charged?

The fee is charged in the month you first use your account, following the month in which your account is opened. The fee will be charged monthly after that.
(Note: Your use of the account includes when you initiate any credit or debit transaction, request an overdraft for your account or when you swap from one business account to another of these business accounts. Use doesn’t include when you swap from an inactive business account).

Transaction Fees

When are these fees payable?

For all business accounts, transaction fees are payable and debited on the last business day of the month.

Exceptions:

NAB Farm Management Account where these are payable and debited annually;
NAB GST Business Offset Account (no longer for sale) linked to a NAB Farm Management Account, where these are payable on the last business day of the month and debited at any time after that, usually no later than on the first business day of the following month.
Non-NAB ATM transaction fees, which are payable and debited on the day the transaction occurs or for the NAB Farm Management Account, are payable and debited annually in accordance with the above.

Service Fees

There are other service fees detailed in Section 5 which apply to business accounts including NAB Statutory Trust Accounts and NAB Retail Lease Account. Unless otherwise specified these fees are payable on the day the transaction occurs and are debited on the day on which a fee is incurred.

Some additional information
Non NAB ATMs:
In Australia, the owner of an ATM that doesn’t belong to NAB or the redi ATM network may charge you an ATM owner fee or direct charge when you use the ATM. NAB accepts no responsibility for such fees and charges.

Account closure
Any fees which have become payable but have not yet been debited will be calculated and debited on the day your account is closed. Those fees will be displayed on your final account statement.

All business channel fees that relate to NAB Connect, NAB Direct Link, National Online Corporate and National Online Business are separate and additional to those set out in this brochure. For all channel fees and charges please refer to nab.com.au

	NAB Business Everyday Account ($0 Monthly Fee Option)	NAB Business Everyday Account ($10 Monthly Fee Option)	NAB Business Interest Account	NAB Community Fee Saver Account
Account Service Fee Flat fee payable and debited on the last business day of the month	$0 per month	$10 per month	$10 per month	Nil
Banker assisted transactions¹ Each banker assisted deposit or withdrawal made over the counter at a NAB branch or at an Australia Post shop:
Deposit or withdrawal fee	$2.50 per transaction	Nil	$2.50 per transaction	Nil
Plus:
Each cheque or item lodged with a deposit	$0.60 per cheque/item	Nil	$0.90 per cheque/item	Nil
NAB ATM transactions² Each withdrawal or deposit made at a NAB ATM, and any cheques or items included with the deposit	Nil	Nil	Nil	Nil
Electronic transactions³ Electronic transactions including deposits or withdrawals conducted via NAB internet banking and NAB telephone banking	Nil	Nil	$0.20 per debit transaction	Nil⁴
EFTPOS transactions	Nil	Nil	$0.20 per transaction	Nil
Non-banker assisted transactions Deposit slips processed without Banker assistance, e.g. Express Business Deposits and Express Cheque Deposits. This also includes cheques written on an account:
Deposit or withdrawal fee	$0.60 per transaction	Nil	$1.00 per transaction	Nil
Plus:
Each cheque or item lodged with a deposit	$0.60 per cheque/ite m	Nil	$0.60 per cheque/item	Nil
NAB ATM mini statements	Nil	Nil	Nil	Nil

(refer to Section 7 for the above definitions)

¹ Refer to section 1 for when the Flat monthly fee is payable

² Electronic transaction & enquiries (including multiple funds transfers made via NAB internet banking)

Important note: Some electronic transactions (eg. periodic payments) will attract a separate fee, as set out in Section 5 – Other service fees

NAB Business Visa Debit Card Fees

International transactions are transactions where the merchant, financial institution or entity processing the transaction is located outside Australia. These transactions are either:
a Single Currency International Transaction: where the transaction is made in Australian dollars (AUD); or a Multi Currency International Transaction: where the transaction is made in a currency other than Australian dollars (AUD).
Transaction Type - Visa	Fee ¹
Single Currency	3%
Multiple Currency	3%

¹The NAB International Fee includes a fee charged by the Card Scheme to NAB (and on charged by NAB to you), calculated on the converted AUD amount shown on your statement.

ATM Cash withdrawal

$4 per withdrawal³

Balance enquiry

$1 per enquiry³

Foreign currency transaction fee

2% of Australian dollar transaction amount

(applies to withdrawals made in currencies other than Australian dollars)²

Overseas operators may charge you to use their ATMs

² Includes a Visa scheme fee charged to NAB and on charged to you.

This fee is a percentage of the converted AUD amount shown on your statement.

³ Includes a Visa scheme fee charge to NAB and on charged to you.

First replacement cards during each annual fee period	Exempt
Second and subsequent replacement card during each annual free period:
- Issued within Australia	$20
- Issued outside Australia	$100

NAB Business Cash Maximiser

Flat monthly fee	Nil
Electronic transactions	Nil

Note: Transactions can only be made electronically. The following transaction types are not available on this account:

Banker Assisted/Australia Post deposits and withdrawals.
Express Business Deposits and Express Cheque Deposits.
Cheque deposits and withdrawals.
NAB and non-NAB ATM transactions, enquiries and mini-statements.
Multiple funds transfers.

(refer to Section 7 for above definitions)

NAB Business Management Account (no longer for sale)

Account Service Fee Flat fee payable and debited on the last business day of the month	$20 per month
Banker assisted transactions¹ Each banker assisted deposit or withdrawal made over the counter at a NAB branch or at an Australia Post shop:
Deposit or withdrawal fee	$0.90 per transaction
Plus:
Each cheque or item lodged with a deposit	$0.90 per cheque/item
NAB ATM transactions² Each withdrawal or deposit made at a NAB ATM, and any cheques or items included with the deposit	Nil
Electronic transactions³ Electronic transactions including deposits or withdrawals conducted via NAB internet banking and NAB telephone banking	Nil
Non-banker assisted transactions Deposit slips processed without Banker assistance, e.g. Express Business Deposits and Express Cheque Deposits. This also includes cheques written on an account:
Deposit or withdrawal fee	$0.60 per transaction
Plus:
Each cheque or item lodged with a deposit	$0.60 per cheque/item
NAB ATM mini statements	Nil

(refer to Section 7 for definitions of the above fees)

¹ For example, if a banker assisted deposit is made to a NAB Business Management Account and the deposit contains three cheques, the total fee will be $3.60. This is comprised of a $0.90 deposit fee plus three cheque fees ($0.90 each).

² Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does not apply any additional charges.

³ Important: Multiple funds transfers made via NAB internet banking will also incur an additional fee as detailed in Section 5 – Other Service Fees

NAB GST Business Offset Account (no longer for sale)

Account Service Fee Flat fee payable and debited on the last business day of the month	$10 per month
Banker assisted transactions¹ Each banker assisted deposit or withdrawal made over the counter at a NAB branch or at an Australia Post shop:
Deposit or withdrawal fee	Nil
Plus:
Each cheque or item lodged with a deposit	Nil
NAB ATM transactions² Each withdrawal or deposit made at a NAB ATM, and any cheques or items included with the deposit	Nil
Electronic transactions³ Electronic transactions including deposits or withdrawals conducted via NAB internet banking and NAB telephone banking	Nil
Non-banker assisted transactions Deposit slips processed without Banker assistance, e.g. Express Business Deposits and Express Cheque Deposits. This also includes cheques written on an account:
Deposit or withdrawal fee	Nil
Plus:
Each cheque or item lodged with a deposit	Nil
NAB ATM mini statements	Nil

(refer to Section 7 for above definitions)

¹For example, if a banker assisted deposit is made to a NAB Business Management Account and the deposit contains three cheques, the total fee will be $3.60. This is comprised of a $0.90 deposit fee plus three cheque fees ($0.90 each).

²Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does not apply any additional charges.

³Important: Multiple funds transfers made via NAB internet banking will also incur an additional fee as detailed in Section 5 – Other Service Fees

NAB Super Pay (no longer for sale)

As of Monday July 10 2017, NAB Super Pay is no longer available for sale to new customers. All fees below exclude GST.

Monthly fee	$10.00
Transaction	$0.25

Section 2 Agribusiness Products and Services

Farmers Choice Package

Application fee	Available on application
Annual package fee	Available on application

NAB Farm Management Account

Account Service Fee Flat fee payable and debited annually in advance on the anniversary of opening the account	Nil
Banker assisted transactions¹ Each banker assisted deposit or withdrawal made over the counter at a NAB branch or at an Australia Post shop:
Deposit or withdrawal fee	$0.60 per transaction
Plus:
Each cheque or item lodged with a deposit	$0.60 per cheque/item
NAB ATM transactions² Each withdrawal or deposit made at a NAB ATM, and any cheques or items included with the deposit	Nil
Electronic transactions³ Electronic transactions including deposits or withdrawals conducted via NAB internet banking and NAB telephone banking	$0.10 per transaction
Non-banker assisted transactions Deposit slips processed without Banker assistance, e.g. Express Business Deposits and Express Cheque Deposits. This also includes cheques written on an account:
Deposit or withdrawal fee	$0.40 per
Plus:
Each cheque or item lodged with a deposit	$0.40 per cheque/item
NAB ATM mini statements	$0.40 per mini statement

The above fees are payable and debited annually on the anniversary date of opening the account.

(Refer to Section 7 for definitions of the above fees)

¹ For example, if a banker assisted deposit is made to a NAB Farm Management Account and the deposit contains three cheques, the total fee will be $2.40. This is comprised of a $0.60 deposit fee plus three cheque fees ($0.60 each).

² Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does not apply any additional charges.

³ Important: Multiple funds transfers made via NAB internet banking will also incur an additional fee as detailed in Section 5 – Other Service Fees

NAB Farm Management Account Overdraft

Application fee	Available on application
Review/Renewal Fee	Available on application
Annual facility fee	$400

Section 3 NAB Cards for Business

NAB Cards for Business

	NAB Low Rate Business Card- Mastercard®/Visa³	NAB Business card - Mastercard®/Visa³	NAB Rewards Business Signature Card - Visa	NAB Qantas Business Signature Card-Visa
Annual fee	$60 per card	N/A	$175 per card	$295 per card
Monthly card fee-each card, each month	N/A	$9	N/A	N/A
Late Payment Fee Debited at the end of statement period, if at that time, any amount due and payable is 3 or more days overdue and the unpaid balance of the account is more than $100	$15	$15	$15	$15
International Transaction Fees International transactions are transactions where the merchant, financial institution or entity processing the transaction is located outside Australia. These transactions are either: – a Single-currency International transaction: where the transaction is made in Australian dollars (AUD). – a Multi-currency International transaction: where the transaction is made in a currency other than Australian dollars (AUD).
Transaction type - MasterCard^®	Fee¹	Fee¹	Fee¹	Fee¹
Single-currency	3%	3%	N/A	N/A
Multi-currency	3%	3%	N/A	N/A
Transaction type - Visa	Fee¹	Fee¹	Fee¹	Fee¹
Single-currency	3%	3%	3%	3%
Multi-currency	3%	3%	3%	3%
Cash advance fee - All channels^2,4 You will be charged a percentage of the Cash Advance (in Australian dollars) or a minimum fee, whichever is greater. Note: NAB posts purchases and cash advances in that order to your account before posting payments and refunds.	2% (min $2.50)	2% (min $2.50)	2% (min $2.50)	2% (min $2.50)

® Registered trademark of MasterCard.

¹The NAB International Transaction fee includes a fee charged by the credit card scheme to NAB (and on charged by NAB to you) calculated on the Australian dollar amount (excluding American Express Multi Currency).

2 Includes via NAB ATMs, non-NAB ATMs, NAB Internet Banking, NAB Telephone Banking, NAB Branch, Travelex or Australia Post (Bank@PostTM) outlet (over the counter).

3 NAB Business Card-Mastercard® and NAB Low Rate Business Card - Mastercard® products are no longer for sale

⁴In the case of cash advances made in currencies other than Australian dollars (AUD), the cash advance amount used to calculate the cash advance fee is the AUD amount posted to your NAB credit card account.

Cards No Longer for Sale

	NAB Qantas Business Card - MasterCard®	Velocity NAB Business American Express®	NAB Business Payments Card - Visa	NAB Rewards Business Platinum Card - Visa
Annual card fee	N/A	$149	N/A	$175
Monthly card fee - each card, each month	$12	N/A	$0	N/A
Late payment fee Debited at the end of the statement period, if at that time, any amount due and payable is 3 or more days overdue and the unpaid balance of the account is more than $100	$15	$15	$15	$15
International transaction fee International transactions are transactions where the merchant, financial institution or entity processing the transaction is located outside Australia. These transactions are either: – a Single-currency international transaction: where the transaction is made in Australian dollars (AUD). – a Multi-currency international transaction: where the transaction is made in a currency other than Australian dollars(AUD).
Transaction type Single-currency Multi-currency²	Fee ¹ 3% 3%	Fee ¹ 3% 3%	Fee ¹ 3% 3%	Fee ¹ 3% 3%
Cash advance fee - All channels ^3,4 You will be charged a percentage of the Cash Advance (in Australian dollars) or a minimum fee, whichever is greater. Note: NAB posts purchases and cash advances in that order to your account before posting payments and refunds.	2% (min $2.50)	2% (min $2.50)	2% (min $2.50)	2% (min $2.50)
Registered trademark of MasterCard. American Express is a registered trademark of American Express. The NAB Velocity Business American Express Card is issued by National Australia Bank pursuant to a licence from American Express. ¹ The NAB International Transaction Fee includes a fee charged by the Card Scheme to NAB (and on charged by NAB to you), calculated on the converted AUD amount shown on your statement (excluding American Express Multi Currency). ² American Express multi-currency transactions are subject to an American Express currency conversion factor of 1% of any USD transaction amount or any USD equivalent amount for transactions made in non-USD. This Factor is included in the converted AUD amount shown on your statement. ³ Includes via NAB ATMs, non-NAB ATMs, NAB Internet Banking, NAB Telephone Banking, NAB Branch, Travelex or Australia Post (Bank@PostTM) outlet (over the counter). ⁴ In the case of cash advances made in currencies other than Australian dollars (AUD), the cash advance amount used to calculate the cash advance fee is the AUD amount posted to your NAB credit card account.

The following applies to all seven card accounts outlined above, unless otherwise indicated.

Other Fees

Repeat Statement Fee

$7 per statement

Lost/Stolen Card Replacement Fee

First replacement card during each annual fee period	Exempt
Second and subsequent replacement card during each annual fee period:
– Issued within Australia	$20
– Issued outside Australia	$100

NAB Purchasing and Corporate Cards – MasterCard®/Visa

Annual fee (Membership fee) Each card per annum, charged monthly	Varies depending on contractual agreement
Transaction fee	Varies depending on contractual agreement
MasterCard® issuer cross-border assessment (Charged to NAB and on-charged by NAB to your account for purchase transactions originating overseas. The assessment is included in the Australian dollar amount shown on your account and is a percentage of the AUD amount.)	1.1%
Visa international fee (Charged to NAB and on-charged by NAB to your account for any purchase transactions made in currencies other than Australian dollars, percentage of any converted AUD amount. The fee is included in the converted AUD amount.)	1%
® Registered trademark of MasterCard. ¹ Mastercard is no longer for sale

Section 4 Business Lending Facilities

Business Loans and Overdrafts

Application fee	Available on application
Mandate fee	Available on application
Review/Renewal Fee	Available on application
Service fees	Available on application
Other fees
Economic Cost¹	Available on application
Extension fee	Available on application
Facility fee	Available on application
Markets Loans – cap rate premium	Available on application
Markets Loans – range rate premium²	Available on application
Progressive drawdown fee	$60 per drawing
Reset Fee	Available on application
Reset Margin	Available on application
Review/renewal fee	Available on application
Undrawn fee	Available on application
¹Economic cost is the bank's reasonable estimate of its loss (if any) from the early termination of a loan/facility, the early termination of a fixed rate or a prepayment.
²Markets Loans – range rate premium is applicable to Corporate Markets Loan only.

Bank Guarantee (also known as guarantee by bank)

Issuing fee	Available on application
Service fee (also known as half-yearly fee)	Available on application
At request of foreign bank	Available on application

Bill Facilities

Application fee	Available on application
Bill drawdown fee (charged on initial drawdown and each subsequent rollover)	$150
Facility fee	Available on application
Activation fee	Available on application
Floor cap premium	Available on application
Cap rate premium	Available on application
Flexible rate premium	Available on application

Equipment finance/Asset Finance fees

Documentation and settlement fees
Equipment loan ¹	$475
Lease, hire purchase or term rental ¹	$475 (plus GST)
Private sale (equipment loan)	$550 or 0.25% of the amount financed, whichever the greater
Sale and lease/hire/ rental back	$550 or 0.25% of the amount financed, whichever the greater (plus GST)
Specialised documentation (Equipment Loan)	$750 or 0.25% of the amount financed, whichever the greater
Specialised Documentation (Lease,hire purchase or term rental)	$750 or 0.25% of the amount financed, whichever the greater (plus GST)
Other fees
Equipment loan variation fee (payable on total prepayment)	One month's instalment (or equivalent for structured transactions) applicable to equipment finance contracts entered into before 12 November 2016
Unrecovered Establishment Costs (Equipment Loan)	$275 prorated (based on remaining remaining months of the loan) applicable on total prepayment of equipment loans entered into after 11 November 2016 where there is early termination of the entire contract
Early Termination Administration Fee	$125 per event (plus GST if applicable) applicable on prepayment of equipment loan, hire purchase or finance leases entered into after 11 November 2016
Assignment of equipment finance contract to third party Deed of Variation to equipment finance contract to change guarantors	$750 (plus GST if applicable) to a new borrower/change to guarantors $165 (plus GST if applicable) for each additional contract amended
Asset Substitution Fee	$475 (plus GST & Personal Property Securities Registration and Maintenance fee if applicable) applicable per equipment finance contracted asset where an insurer substitutes the asset in the event of write-off or total loss
Roll-over Fee	$150 applicable per roll-over of each Floating Rate equipment finance agreement
Personal Property Securities Registration & Maintenance Fee - equipment loan	$25
Personal Property Securities Registration & Maintenance Fee – lease, hire purchase or term rental	$25 (plus GST)
Registration of a security interest on the Personal Property Securities Register (for each registration)	Applicable government registration fees may apply
¹Fee applies for standalone facilities and those drawn under a Master Asset Finance Agreement.

Exports
Documentary Collections-Outward D/P (sight) or D/A (Term)
Despatched for collection	0.25% of collection amount (minimum $90) (maximum $850) plus handling and communication charges of $25 (GST inclusive)
Purchased for collection	0.25% of collection amount (minimum $90) (maximum $850) plus $50 Trade Finance Fee plus handling and communication charges of $25
Direct Collections (using National Online Corporate or NAB Connect)	$60 (GST inclusive)
Direct Collections Purchased (using National Online Corporate or NAB Connect)	$60 plus $50 Trade Finance Fee
Other Services (inclusive of handling and communication charges):
Collections presented with instructions to release against simple receipt or free of payment	$90 for each set of documents (GST inclusive)
Refusal to accept/pay against documents as presented	$90
Letters of Credit Inward-Export/local/stand-by
Advising new credits or amendments Charged where documents will be presented to another bank. Waived if documents are presented to NAB	$90 (new credits) $50 (amendments)
Drawings-Documents despatched	0.25% of drawing amount (minimum $90) (maximum $850) plus handing and communication charges of $25
Other Services (inclusive of handling and communication charges):
Without Recourse or Confirmation	Fees are available on application
Back-to-back and Transferable Credits	Fees are available on application (a minimum assessment fee of $200 applies)
Assignment of proceeds (per assignment)	$90 (clean) $90 (documentary)
Discrepancy Handling Fee	$40 per set of documents
Acceptance of term drafts drawn on NAB (not applicable if drawing is done Without Recourse or Confirmation)	Fees are available on application
Refusal to accept/pay against documents as presented	$90
Bank to Bank Reimbursement claims	$90
Imports
Documentary Collections-Inward D/P (Sight) or D/A Term
Documents received for collection	0.25% of collection amount (minimum $90) (maximum $850) plus handling and communication charges of $25
Other Services (inclusive of handling and communication charges):
Airway Bill Release-Goods consigned to NAB	$90 per service
Refusal to accept/pay against documents as presented	$90 per service
Extension of term bills on instructions of remitting party	$90 per service
Where documents are received with instructions to be released free of payment and item is finalised in NAB's records	$90 per service
Previously accepted bills received for collection and payment	$90 per service
Endorsement or Avalisation Fee Release of documents against Trust Receipt and NAB accepts responsibility for eventual payment	Available on application
Letters of Credit Outward (Establishment)-Import/local/stand-by
Issued/Established	$120 plus handling and communication charges of $15
Issued/Established using National Online Corporate or NAB Connect	$75 plus handling and communication charges of $15
Issued fully cash backed	$90
Other Services (inclusive of handling and communication charges)
Stand-by Letter of Credit	Fee available on application
Amendment	$90
Amendment using National Online Corporate or NAB Connect	$45
Where any undrawn balance remaining at expiry is greater than the equivalent of AUD 5000	0.25% of amount remaining (minimum $90)
Cancellation of or any Decrease in credit amount	0.25% of the cancellation/decrease amount (minimum $90) plus amendment fee
Letters of Credit Outward (Drawing)-Import/local/stand-by
Drawings-Documents received	0.375% of drawing amount (minimum $100) plus handling and communication charges of $25
Drawing-Documents received where Letter of Credit was established using National Online Corporate or NAB Connect	0.325% of drawing amount (minimum $100) plus handling and communication charges of $25
Other Services (inclusive of handling and communication charges)
Refusal to accept/pay against documents as presented	$90
Note: The following Fees and Charges are normally charged to your Supplier but may be payable by you where you have agreed to this with your supplier
Acceptance of term drafts and/or incurring a Deferred Payment Undertaking	1.5%p.a. (minimum $90)
Handling of Discrepancies	USD90 or equivalent in other currency
Reimbursement bank commission	USD90 or equivalent in other currency

Invoice Finance
Application fee	Available on application
Facility fee	Available on application
Purchase Charge	Available on application

Payables Finance
Application fee	Available on application
Supplier Discount	Available on application
Payment Processing Charges	$25 USD

Receivables Purchase
Application fee	Available on application
Purchase Charge	Available on application

General Charges and Other Trade Services

Trade Finance-International or Domestic
Finance of trade transactions Fee is to apply to any initial request and again on any subsequent requests for a rollover of finance covering: documentary collections telegraphic transfers international cheques invoices only Note: Fee is not charged for refinance under Letters of Credit, except for rollovers.	$50 for each request
Trade Finance-Prepayments	$50 plus any economic costs_¹
¹Economic cost is NAB's reasonable estimate of it's loss (if any) from the early termination of a loan/facility, the early termination of a fixed rate or a prepayment

Section 5 Other Service Fees

Account Reconciliation Service

Cheque sorting (All fees in this table are GST inclusive)	Charge per weekly reconciliation	Charge per monthly reconciliation
Up to 3000	$42.90	$58.95
3001 – 5000	$48.25	$80.40
5001 – 30,000	$48.25 plus $3.75 for each 1000 transactions or part thereof in excess of 5000	$80.40 plus $6.95 for each 1000 transactions or part thereof in excess of 5000
30,001 – 50,000	$142 plus $3.20 for each 1000 transactions or part thereof in excess of 30,000	$254.15 plus $5.90 for each 1000 transactions or part thereof in excess of 30,000
50,001 or more	$206 plus $2.65 for each 1000 transactions or part thereof in excess of 50,000	$372.15 plus $5.05 for each 1000 transactions or part thereof in excess of 50,000
Note: Charges for two-monthly and three-monthly reconciliations are twice and three times the monthly rate respectively

Agency credits

Agency credits ¹
Banker assisted deposits to an account using agency credit vouchers (eg. insurance agents payments)
50 agency credits per month	Nil (banker assisted deposit fees apply)
Then each agency credit over the free limit of 50 per month will be charged at:	$2 per agency credit
Note: These fees are in addition to the fees applicable to your business account (with the exception of NAB Farm Management Accounts and NAB Community Fee Saver Accounts) as detailed in this brochure
Example: The following fees would apply where a Banker assied deposit of an agency credit with 3 cheques is made into a NAB Business Everyday Account ($0 Monthly Fee Option) and the free limit of 50 agency credits for that month has been exceeded:
Agency credit voucher deposited Banker assisted (1 item) 3 cheques lodged (3 items) Agency credit fee	$2.50 $1.80 $2.00
Total	$6.30
Agency credit deposit books	$5 per book
¹ Payable and debited on the last business day of the month.

Automatic Teller Machines

Non-NAB ATM transactions within Australia Fee for withdrawals and balance enquiries from non-NAB ATMs, per transaction	Nil. Note other fees may still apply, e.g. non-NAB ATM transactions may incur a charge by the owner of the ATM
Access overseas via PLUS or CIRRUS ATMs via a NAB Debit or Linked NAB Credit Card (Refer to Section 1 for NAB Business Visa Debit Card Fees)
ATM Cash withdrawal	$4 per withdrawal
Balance enquiry	$1 per enquiry
Foreign currency transaction fee	2% of Australian dollar transaction amount (applies to withdrawals made in currencies other than Australian dollars)

Balance transfers

Establishment fee per authority	$40
Service charge per transaction	$1.50

Bank Cheques

Issuing fee
Customer, per cheque	$12
Non-customer, per cheque	$15
Repurchase fee
Customer, per cheque	$20
Non-customer, per cheque	$20
Replacement fee
Customer, per cheque (includes issue of replacement cheque)	$25
Non-customer, per cheque (includes issue of replacement cheque)	$30

Bills – local

Charges will apply whether the bill is recalled, dishonoured, paid or accepted
Presentation of bills payable after sight for acceptance only
Bill (accepted or dishonoured) where subsequently held for collection the collection fee will also apply	$40 per item
Collection or purchase of bills payable at a bank
Per bill	$40
Interest charges will also apply to bills purchased per bill. This charge is in addition to the bill presentation fee where applicable.
Collection of “On Demand” drafts or orders or other bills not payable at a bank
Per bill	$40
Collection of cheques not lodged for credit	$40 per cheque
Exemptions:
Cheques forwarded for collection of balances of accounts
Cheques and bills received from other banks for payment on a collection basis
Per cheque or bill (fee normally deducted from proceeds)	$40
Exemptions:
Collections returned unpaid cheques/withdrawals received for collection of balances of accounts
Re-presentation of bills and cheques dishonoured
Each notice to customer	$9
If on a collection basis, each representation	$15
Negotiation of “On Demand” drafts or orders or other bills (including brokers' drafts) not payable at a bank
Handling fee for clean drafts, orders, etc or drafts, orders, etc with one document, share certificate and/or transfer	$40
Each additional document, certificate and/or transfer	$3
Insurance: Where scrip, etc. is insured by NAB, insurance premium is to be borne by broker or other party plus a charge of $6

BPAY® – biller fees

Biller fees (once only establishment fees)
NAB BPAY® Establishment fee or change of sponsorship	$99 (GST inclusive) each biller code
NAB BPAY® Establishment fee (Multiple Biller/Master & Sub Biller)	$59 (GST inclusive) each biller code for 10+ biller codes
Customised biller validation routine – if applicable	$5,500 (GST inclusive)
Customised Biller validation routine and customised check digit routine – if applicable	$6,000 (GST Inclusive)
Transaction fees
Each debit account transaction	$0.88 (GST inclusive)
Each credit card transaction	$0.88 (GST inclusive) plus Merchant Service fee
Error correction fees
Each debit account transaction	No charge
Each credit card transaction	No charge
Reversal entries	No charge
^{® Registered to BPAY Pty Ltd ABN 69 079 137 518.}
BPAY® View- biller fees
Biller fees (once only establishment fees) NAB BPAY® View Establishment fee or change of sponsorship	$99 (GST inclusive) each biller code
NAB BPAY® View Establishment fee (Multiple Biller/Master & Sub Biller	$59 (GST inclusive) each biller code for 10+ biller codes
Transaction fees Each summary bill or non-value item loaded	$0.21 (GST inclusive)
BPAY® Batch-payer fees
Payer fees (once only establishment fees) BPAY® Batch Establishment fee	$299 (GST inclusive) per Batch user ID
BPAY® Batch Establishment fee	$199 (GST inclusive) each batch user ID for 1-10 Batch user IDs
BPAY® Batch Establishment fee	$99 (GST inclusive ) each batch user ID for 10+ Batch user IDs
Transaction fees Each payment	$0.21 (GST inclusive)

Cashing cheques – customer

NAB cheque presented by our customer	Nil
Non-bank financial institution cheque drawn on our bank and presented by member for encashment	$3
Other financial institution's cheque presented by our customer	$6 plus estimated cost of any STD call

Cashing cheques – non-customer

NAB cheque presented by a non-customer	$5¹
Other bank's cheque presented by non-customer (whether under encashment/negotiation advice or not)	1.5% amount of cheque (minimum $10)
Other financial institution's savings account withdrawal	$10 per item
^{1 Fee is not charged if cheque is cashed at home branch.}

Certificates

Certificates supplied to customers, accountants and auditors, and listing, noting, etc.
Certificates of balance/interest accrued.	$15 per certificate

Certificates covering

Bank confirmation – audit requests Bill holdings Comprehensive certificates supplied for audit Deeds and documents held Goods shipped
Each certificate at an hourly rate of	$90 per hour (minimum $70 per certificate)
Note: Charge will apply whether documents are held as security or otherwise, and to confirmation of previous certificates.

Change – for non-customers

Coins of all denominations

$1 per bag or roll (minimum $4)

Charges where uncertificated shares provided as security under CHESS (Clearing House Electronic Sub-Register System)

Establishment of Sponsorship and Holder Identification Number (HIN), upon lodgement of a single line of shares into the Mortgagor's HIN
Securities valued ¹ at up to $500,000	$120
Securities valued above $500,000	$120 for the first $500,000 plus $33 for every $100,000 (or part thereof) above $500,000 (GST inclusive)
Additional lines of security lodged at establishment	$44 irrespective of value (GST inclusive)
Statement of holdings	$33 (GST inclusive)
Statement of transactions	$33 (GST inclusive)
Tax File Number (TFN) lodgement ²	$44 (GST inclusive)
Takeover acceptance ³	$44 (GST inclusive)
All other transactions not otherwise mentioned above or exempted ⁴	$120
¹ Security valuation is the last price quoted at the close of trading on the day before the instruction to establish the holding being issued to the Sponsor, multiplied by the number of shares held. ² Must be lodged with the Sponsor no later than two (2) business days prior to the 'ex' date for any distribution of income or capital from the company. ³ Must be notified to the Sponsor no later than two (2) business days prior to the closing date of the takeover offer. ⁴Includes the addition or removal of shares to the Mortgagor's HIN, but excludes the initial receipt of one or more lines of shares at the establishment of the facility and any holding altered by a corporate action, ie bonus, rights and Dividend Reinvestment Plan issues.

Coin/Notes fee

Applies to the exchange of notes/coin for alternative denominations of notes/coin.
Where the value of cash exchange exceeds $5000 or more per day.	0.25% of total amount of cash
Exemption from this fee is deposits through:
Automatic Teller Machine (ATM), Express Business Deposit bags (EBD) and Outlets where there is no express business deposit box.

Coin Swap Machine Exchange Fee

Where proceeds counted by coin swap machine are not deposited directly to a NAB account.

10% of total value counted is charged

Credit transfers – standard

Credit transfers – to other NAB branches	Nil
Credit transfers – to other banks
Per transfer by normal credit clearing:
Customer	$5
Non-customer	$15
Plus cash handling fee:
Customer	Nil
Non-customer	1.5% on total cash amount (minimum $1)
Plus item fee	$0.50 per item, if more than 20 items
Drawing on account of favoured for credit transfer fees	$4 per drawing plus applicable fees
Note: Where encoded debit is provided no fee is charged.

Debenture and bonds

Collection of matured debentures/ bonds (held at branch)

$20 per debenture/bond

Debenture interest coupons – collection of

Lodged across the counter – per coupon each lodgement	$20
Debentures held for safe custody or security – per coupon each lodgement	$20

Deposit books (multicopy)

Credit listing (pad of 75 in triplicate)	$5
Credit listing (pad of 50 in triplicate)	$5
Credit listing/summary slip covers	$5
Credit summary (pad of 150)	Nil
Duplicate large deposit (CD) (book of 50 in duplicate)	$5
Agency credit deposit book	$5
Triplicate company deposit (book of 50 in triplicate)	$5
Triplicate company agency deposit (book of 50 in triplicate)	$5

Direct Entry system – bureau user

Establishment fee direct entry¹ – bureau user	$215 per user ID (GST inclusive)
Limit exceed TNA user	$54 per file² (GST inclusive)
Charges related to direct entry debits returned per item
All returned items
1 Establishment fee is payable and debited at the time the service is provided. Transaction fees are payable and debited either on the day of processing or at the beginning of the month after that for which the fee is charged. Refer to the terms and conditions of the delivery channel. 2 Applies where another bank is the processing bank. Incurred on each referral to Business Banker of a direct entry file requiring approval because a formal limit is insufficient to process the instruction. Incurred on day of referral. The Transaction Negotiation Authority (TNA) fee applies where the Direct Credit User sponsored by NAB lodges files for processing at another bank.

Dishonour charges

RentCard
Australia Post	$25 per notice of dishonour

EDP services

Customer transactions processed Note: Statements in respect of these services are forwarded to customers who may, if they wish, arrange to have charges debited to their accounts.
Details of cheques/agents' credits and off-line cheque sorting.
Service (All fees in this table are GST inclusive)	Charge per 1000 transactions or part thereof	Minimum charge per run
Listing	$5.35	$21.45
Cheque sorting	$5.35 per 1000 document passes through reader/ sorter at DP centre	$21.45

Encashment/negotiation advices

Standing facilities to cash business cheques or orders at another branch or bank
Establishment fee	$50
Renewal (annual) fee	$50
Amendments during term	$50
A cash handling fee may be charged for amounts in excess of $5,000 per day, non-cumulative

Execution of finance company agreements/contracts

Obtaining execution of contracts and/or agreements
Per contract or agreement	$70 per hour(minimum $35)

Fax transmission of statements or other documents

Charge applies to statements and other documents transmitted at customer's request¹
First page	$4
Each additional page	$2
_{1 Not applicable where incorporated in dishonour charges.}

Funds transfer fee – email or fax request

Incurred when NAB processes written instructions received via letter, email or fax to manually transfer funds to another NAB account or an account with another financial institution. Email and fax written instructions will only be acted on where an Email/Fax Authority or Facsimile letter of authority is held. ²

$20 per transfer (not per letter, email or fax) plus applicable transaction fees (see Teletransfers and Real Time Gross Settlement and payment from lists)

^{2 This fee does not apply to instructions such as periodical payments, direct debits, cheques and NAB Wheat advance facility transfers.}

Garnishee fee

Garnishee fee	$10.00
Ongoing Garnishee fee	$5.00

Inspection of securities

Where the property forms part of the security for a business lending facility
Residential property	May be charged
Non-Residential property	May be charged

Legal fees

Please refer to NAB's Legal Fees and Charges booklet, available on request, for a comprehensive list of Legal Fees and Charges applicable to lending transactions and enforcement matters where legal work is performed by NAB's internal legal department.

Lending services

Stamping
Lodgement of documents by bank	$150

Lodgements for credit of third party cheques received through the mail (or delivery) where no deposit slip is provided (eg. dividends)

Each deposit slip made out (deducted from amount of deposit)

Merchant Services

(Payment channels include EFTPOS terminals, internet, IVR, batch and paper)
Minimum Commitment Period (MCP)	If you opt in for a Minimum Commitment Period (MCP) arrangement, the following benefits apply: Annual Fee - rebate Terminal Fee - a discounted fee per terminal per month Access fee - A discounted fee per month on the standard access fee per Merchant ID Closure Fee - A Closure Fee per Merchant ID will apply if the facility is closed within the commitment period. The Closure Fee is waived if facility is closed on or after the MCP end date. * Other non-standard fees may apply which will be outlined in the Letter of Offer
Merchant establishment fee	A once only fee charged upon establishment of the merchant facility (this fee includes GST)
Card Reader Fee	A card reader fee is a one off fee charged with each terminal. (this fee includes GST )
Imprinter fee – electronic merchants	$1.10 (GST inclusive) per imprinter per month
Imprinter fee – manual (paper based) merchants	$2.20 (GST inclusive) per imprinter per month
Chargeback fee	$25 (GST inclusive)
Merchant service fee	A Merchant Service Fee is determined based on the value of transactions processed.
Minimum Merchant Service Fee	A minimum monthly Merchant Service Fee (MSF) varies based on the merchant service used and the merchant profile. It is worked out as follows: If the minimum service is set to $22, this amount is charged where the total MSF payable is below $22.
Transaction fee	A transaction fee is based on the number of transactions processed. It varies depending on the type of card used during a transaction.
Terminal fee	A terminal fee is charged per terminal per month based on the type of terminal. This fee includes GST.
Onsite installation fees on NAB Integrated	Onsite installation fees may apply for installation of non-standard and remote NAB integrated EFTPOS facilities. A fee is charged per terminal installed with a rebate applied to the second or more terminals installed at the same site.
Annual fee	An annual fee is charged on the anniversary month of merchant facility establishment.
Access fee	Charged monthly for merchant facilities for processing card transactions for telephone, mail and/or internet orders.
Credit card authorisation request fee	Voice authorisation requests (operator assisted) $6.50 (GST inclusive) per request. $0.79 (GST inclusive) per key authorisation request (paper based merchants only). These fees apply when you make authorisation requests by calling NAB KEYAUTH on 13 25 15.
Stationery fee	Refer to NAB Stationery Brochure. All prices in the brochure include GST and postage costs.
Terminal replacement fee	Up to a maximum of $999 (GST inclusive) per terminal which is lost, stolen, or damaged.
Closure fee	If you opt in for Minimum Commitment Period (MCP) a closure fee applies during the MCP period.The Closure Fee is waived after the MCP end date. If you do not opt in for Minimum Commitment Period a closure fee is applied per terminal or per Merchant facility if no terminals are taken.

*Other non-standard fees may apply which will be outlined in the Letter of Offer.

Miscellaneous service charge

Charge rate

$90 per hour (minimum $70)

Multiple funds transfer fee

Applicable where a multiple funds transfer is made via NAB Internet Banking. For example, a payroll file for 20 staff members (ie. 20 credits) would incur a $4 service fee.

$0.20 per credit

1 The multiple funds transfer fee is debited to the account from which the transfer is made, at the time the regular account service fee or flat monthly fee (as applicable) is charged for that account.

For the NAB Farm Management Account, it is charged annually in advance on the date of opening the account and on each anniversary thereafter.

NAB Express Business Deposit

Bags	Nil
Note: This does not include non-over the counter deposits, withdrawals and each item lodged on deposit transaction fee (refer to Section 1 and 2 of this brochure).

NAB Internet and Telephone Banking

Fees apply to NAB Internet and Telephone Banking, so refer to Section 1 and 2 of this brochure.

Pay In Person (Complete Biller Package)

Transaction fees
Pay in person chargeback request	$25 per chargeback request
Australia Post dishonour fee	$25 per notice of dishonour
Accounts at NAB branches	$5 (GST inclusive) each credit
Accounts at other banks which require preparation of credit transfer slips, per payment	$5 (GST inclusive) each credit (credit transfer fees and funds transfer fees – email and fax request may apply – refer below)
For deposits to accounts at another bank, individual deposit slips must be completed
Credit transfers – standard
Credit transfers – to other NAB branches	Nil
Credit transfers – to other banks
Per transfer by normal credit clearing
Customer	$5
Non-customer	$15
Funds transfer fee – email or fax request
Incurred when NAB processes written instructions received via letter, email or fax to manually transfer funds to another NAB account or an account with another financial institution. Email and fax written instructions will only be acted on where an Email/Fax Authority or Facsimile letter of authority is held.	$20 per transfer (not per letter, email or fax)

Periodical debit system – vouchers

Periodical life assurance payments lodged for collection
Voucher entries, per item	$10 (GST inclusive)
Periodical Payments
Payable on each payment made from your account under a Periodical Payment Authority
To accounts at the same branch or another branch
Charge per payment	$1.80
Exemptions:
Repayments to NAB business loans from a NAB Business Everyday Account ($0 Monthly Fee Option), a NAB Business Everyday Account ($10 Monthly Fee Option) or a NAB Farm Management Account
To accounts at another financial institution
Charge per payment	$5.30
The above fees are in addition to any electronic transactions fee applicable to your account (see Section 1 and 2)
By bank cheque, international cheque, etc
Service charge per payment	$5 plus applicable issuing fee

Mortgage Discharge Fee

Includes preparation of discharge, attending settlement, lodgement of documents and other release of a security interest where applicable.	$350
Documents received against payment of money.	$200 per settlement

Reference fee

While there will be no fees for overdrawing an account by up to $1,000, a reference fee will be charged once a day where:

one or more debit transactions are made on a day causing an account to overdraw by more than $1,000 without an approved facility limit (or in excess of a facility limit)
or
one or more debit transactions are made on a day when an account is already overdrawn (or exceeding the facility limit).

References given by the bank for use at auctions

Issuing fee, per reference

$80

Registration

Lodgement of documents by bank for stamping or registration (for each lodgement) or registration of a security interest on the Personal Property Securities Register (for each registration)	$150
Production of Documents to permit registration by other parties	$150

Reimbursement drawings under authority

Service charge per drawing

$20

Safe Custody Services

Custody Charges
Customer Sealed Packet
Per packet¹ Paid annually in advance, due date 31 May.	$55^*
^{1 Existing first packet lodged on or before 1 January 1995 is $Nil until further notice.}
Customer Supplied Locked Box
Paid Annually in advance, due date 31 May Minimum fee	$100^{*minimum fee}
Cubic Capacity (cm)	Annual Charge p.a.^*
Up to 8,000	$100
Over 8,000	$100
For each additional 8,000 cubic centimetres or part thereof	Plus $100
^{*GST inclusive}
Double Custody Item
Paid in advance, on lodgement per item for 3 months. For small secure package, box or envelope. Maximum period is 3 months.	$30^*

Safe Custody Services – Activity Charge

Safe Deposit Box/Locker

Refer to Safe Deposit Centre Facilities, below

Safe Deposit Centre Facilities, including Safe Deposit Boxes/Lockers

Available in Adelaide, Brisbane, Melbourne, Perth and Sydney. Fees for services vary depending on where the service is provided. Details of applicable fees are available upon request at the Safe Deposit Centres or phone us on 13 BANK (13 22 65), contact hours are detailed are on the back cover of this brochure.

^{*GST inclusive}

Scrip and similar transactions

Non-value transactions
Per transaction	$80
Charge applies to transactions of the following nature, whether scrip is held as security or otherwise:
Change or correction of name Delivery of scrip, debentures, etc. to third party without receipt of money Exchange of stock units Lodging scrip for conversion etc. Obtaining transmission receipts Splitting of certificates
Value transactions
See documents surrendered against receipt of money or documents surrendered against payments of money

Search fees

Office of Titles searches and all other searches not performed by NAB's internal legal department
Where carried out by officers of NAB	$40 per search plus outlays incurred
Where carried out by professional searching firm on behalf of NAB	$35 per search plus searching firm's charge (inclusive of registrar's fee)
Company/business name /Personal Property Securities Register searches (excludes unregistered foreign titles)
Company search	$40 per search (inclusive of registrar's fee)
Business name search	$40 per search (inclusive of registrar's fee)
Personal Property Securities Register search	$20 per search (inclusive of registrar's fee)
Unregistered foreign entities
Company/Business name searches	$300 per search plus an hourly rate of $90 per hour or part thereof

Short term money market transactions

Settlements in respect of lodgement or withdrawal of funds from official or unofficial market

$110 per settlement

Special clearances of bills, cheques, etc. at customer’s request

Where messenger or clerk is specially employed to clear
On a time basis at the rate of	$70 per hour (minimum $35) plus out-of-pocket expenses
Where telegraphic, telephone or mail advice of fate is requested
Per item	$15
Statement covers	$2 per cover

Statements of account – issue of

Repeat statements, requested	$7 per statement
Duplicate statements printed and issued with original statement	$4 per statement
Provisional listing	Nil
Additional fax charge	$4 for page one $2 for subsequent pages

Statements of account – verification of transaction

Less than 1 year since transaction	$2.50 per item (minimum $10)
1 year or more since transaction	$5 per item (minimum $20)

Account reporting with account reconciliation

Per account transaction item listed on account statements as placed in National Online electronic mailbox	First 10 transactions free each month, then $0.17 per transaction or $160 per month flat fee
Intraday account enquiries	$0.50 per connection to NAB

Stop payment request

Stop payment request	$15 per request
Each cheque is treated as a separate request unless cheques are in an unbroken sequence of cheque numbers. Cheques reported stolen are exempt from this fee if a copy of the police report is provided

Teletransfers and Real Time Gross Settlement

Flat charge, which includes cost of message:
Customer	$35
Non-customer	$45
Plus, if to another bank, cash handling fee:
Customer	Nil
Non-customer	1.5% of total cash amount (minimum $1)
Note: Where Teletransfer or Real Time Gross Settlement instruction is received via letter, email or fax, funds transfer fee – email or fax request will also apply
Exemption:
Funds representing proceeds of inward overseas telegraphic transfer
Funds transfer fee – email or fax request
Incurred when NAB processes written instructions received via letter, email or fax to manually transfer funds to another NAB account or an account with another financial institution. Email or fax written instructions will only be acted on where an Email/Fax Authority or Facsimile letter of authority is held.	$20 per transfer (not per letter, email or fax)

Transmission of deeds, documents, etc. for inspection, delivery or execution

This excludes finance company contracts and agreements
Flat charge	$80
Charge shall not be made where security documents are forwarded for execution.

Vouchers – surrender or production for inspection of paid vouchers

Surrender of paid vouchers	$80 per 100 vouchers or part thereof per calendar quarter (minimum $80)
Individual vouchers turned up and produced or selected items held out for inspection
Vouchers processed:
During last year, per item	$2.50 (minimum $10)
1 year or more ago	$5 (minimum $20)
Where this charge is deemed inadequate for time involved, charge at the rate of	$70 per hour
Vouchers held out for inspection by customers, auditors, etc. and subsequent retention by NAB	$1 per voucher (minimum $15) plus postage costs and out-of pocket expenses
Note: Out-of-pocket expenses may be incurred where vouchers are forwarded to another branch for inspection

International Payments

Enquiries regarding payment (International Drafts/Cheques and Telegraphic Transfers)
Drawn on banks with currency/AUD arrangement with NAB	$30
Refund/Reissue (this charge covers the cost of placing a 'stop' where the original cheque has been lost/stolen)	$30*
Repurchase	$20*
Telegraphic Transfers Outward (sent overseas)
International Transfer via NAB Internet Banking	$22
Banker assisted	$30
Pursuant to Email/Fax Authority or Facsimile Letter of Authority	$35
General enquiries or investigations, at a customer request, that require SWIFT messaging	$25*
Cancellation of telegraphic transfers
Cancellation of telegraphic transfers	$20*
* Any overseas bank charges incurred will be charged to the customer

	Customer¹²	Non-Customer²
In overseas currency and purchased: Payable outside Australia (overseas):
Includes drafts, cheques and dividend warrants etc. and negotiations under traveller's letters of credit
Up to and including the equivalent of $15	Nil	$20
Over the equivalent of $15	$15 per item (for each cheque purchased)	$20 per item (for each cheque purchased)
Payable in Australia:
Drawn on another bank and forwarded for collection	$40	$60
Drawn on NAB	$10 for each purchase	$20 for each purchase
In Australian dollars and purchased:
Drawn on NAB	Free	$10 if cashed
Payable outside Australia	$40	$60
Sent for collection in Australian or overseas currency payable outside Australia	$40 (GST inclusive)	$60 (GST inclusive)
Dishonour of overseas cheques
	Customer	Non-Customer
Dishonour of overseas cheques	$30	$30
^{* Where overseas bank charges more than one fee, all overseas fees are to be paid. Where multiple dishonours are received and all items are processed at the same time, only one NAB charge is to be levied.} ^{1 In section 5 means existing NAB account holder.}

Overseas parties that direct a payment to NAB may charge NAB a commission in respect of these transfers, which are included in our fee. Our fee also depends on the currency of the transfer. This fee is usually deducted from the amount paid. In some cases, the sending party may instruct NAB to charge our fee to them. Where NAB does this, NAB will not charge the payment beneficiary and may charge the sending bank a higher amount than set out below.
Transfers to NAB in Australian or overseas currency:
Deposited to NAB account	Up to $15
Or
Deposited to non-NAB account (NAB acting as intermediary)	Up to $30
Transfers of overseas currency received by NAB and transferred to another bank unconverted:
NAB Customer	Up to $35
Non-NAB Customer	Up to $35

Travel Money

	All Customers
Foreign Currency Cash (Issued)	$10 per transaction
Foreign Currency Cash (Cashed)	$10 per transaction
Travellers Cheques (Cashed)
	NAB Group Issued	Non-NAB
Australian and foreign currency	Free	$5

Intra account transfers

$30 Banker assisted
$20 NAB Connect

Deposit / withdrawal of overseas currency notes

2.2% of desposit/withdrawal amount (minimum $30) (GST inclusive)

Section 6 Government Taxes and Charges

Goods and Services Tax (GST)

The GST Clause applies to fees and charges that are not expressed as 'GST inclusive' in this brochure. However, in the event of a change to the GST rate¹, NAB reserves the right to apply the GST clause to all fees in this brochure.

GST clause

If NAB is liable to pay Goods and Services Tax or any similar tax (GST) on a supply made in connection with a service referred to in this brochure, then the Customer agrees to pay NAB promptly an additional amount equal to the consideration payable for the supply, multiplied by the prevailing GST rate.

Definition of GST

'GST' a Goods and Services Tax or any similar tax imposed in Australia.

^{1 Or any amendment to the GST treatment of a service shown in this brochure for any reason that results in changing the service to a taxable supply.}

General Advice Warning

Any advice in this document has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice in this document, National Australia Bank Limited (NAB) recommends that you consider whether it is appropriate for your circumstances. NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding any NAB products. The products covered by this brochure are issued by National Australia Bank Limited.

Section 7 Definitions

NAB Business Everyday Account ($0 Monthly Fee Option), NAB Business Everyday Account ($10 Monthly Fee Option) , NAB Business Management Account (no longer for sale), NAB Business Interest Account, NAB Business Cash Maximiser, NAB GST Business Offset Account (no longer for sale), NAB Community Fee Saver Account and NAB Farm Management Account.

Banker assisted deposits and withdrawals include:

Deposit slips processed over the counter or at Australia Post outlets
Withdrawal slips or cheques cashed over the counter
Deposits or withdrawals made over the counter where a card or card and PIN are used in connection with the transaction/s.
Note: Each deposit transaction and each withdrawal transaction to/from an account is a separate item
Pinned card activated withdrawals at Australia Post outlets

Non-Banker assisted deposits and withdrawals include:

Deposit slips processed via non-over the counter methods such as express business deposit and cheque only deposit. This includes express business deposits lodged into a bank, Automated Deposit Machine (ADM).
Any other cheques written on an account (withdrawals).

Cheques or items lodged with a deposit include:

Each individual cheque or item that has been lodged as part of a deposit. For banker assisted transactions this includes each individual cheque or item included in the overall deposit. For non-banker assisted transactions, e.g. Express Business Deposits or Express Cheque Deposits, this includes each individual cheque or item paid in with a deposit slip. This also applies to Express Business Deposits lodged into a bank ADM.

Note: A merchant envelope is counted as one item

NAB ATM transactions include:

Each deposit and withdrawal made at a NAB ATM.
Each item lodged with a deposit slip via a NAB ATM.

Electronic transactions include:

Transactions to/from your account conducted via NAB internet banking (including bill payment BPAY®), NAB telephone banking (including bill payment BPAY), EFTPOS and periodical payments, direct debits, direct credits and other funds transfers to/from your account but do not include:
- banker assisted transactions to/from your account where a card or card PIN are used in connection with the transaction/s; or
- unless otherwise specified, excludes multiple funds transfers made via NAB internet banking.

Important note: Some electronic transactions will also attract a separate fee, as set out in Section 5 – Other Service fees. For example, a payment from your account made under a Periodical Payment Authority is an electronic transaction and is charged accordingly. A separate Payment fee is also payable.

^{®Registered to BPAY Pty Ltd ABN 69 079 137 518.}

Services available for business customers at Australia Post include:

Services	Applicable accounts
Deposits, withdrawals, account balance enquiries, EFTPOS	NAB Business Everyday Account ($0 Monthly Fee Option) NAB Business Everyday Account ($10 Monthly Fee Option) NAB Business Management Account (no longer for sale) NAB Business Interest Account NAB GST Business Offset Account (no longer for sale) NAB Community Fee Saver Account NAB Farm Management Account
Withdrawals from a credit card account are cash advances and, in addition to the cash advance fee, interest will be charged. However, if cash is taken out via EFTPOS the transaction may incur the over the counter fee applicable to the account.

Union Pay International - Interchange Service Fee

Category	UPI Interchange Service Fee Total (Ex GST)	UPI Interchange Service Fee Total (GST Inc)
Card Present NAB EFTPOS Transactions	1.20%	1.32%
eCommerce Transactions (AUD)	1.20%	1.32%
eCommerce Transactions (CNY)	1.20%	1.32%
eCommerce Transactions *	1.15%	1.27%

* Only applicable for international E-Commerce transactions acquired at the following merchant categories: Airline (4511), Education (8211, 8220, 8241, 8244, 8249, 8299) and Insurance (5960)

For more information call 13 10 12 from 8am-8pm Mon-Fri, or 9am-6pm on weekends (AEST/AEDT) . Alternatively, you can visit us at nab.com.au.

Hearing impaired customers with telephone typewriters can contact us on 13 36 77.

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