Business banking fees and charges

A company/business name search fee may be 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

Account Service Fees

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

Account Transaction Fees

When are these fees payable?

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

Exceptions:

• Non-NAB ATM transaction fees which are payable and debited on the day the transaction occurs
• NAB Business Visa Debit Card or other service fees detailed in Section 5 may be payable on the day the transaction occurs
• NAB Farm Management Account which are charged annually on the anniversary date of opening the account

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
Fees may apply to transactions at ATMs operated by other ATM networks.

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.

NAB Connect and NAB Direct Link

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

Business Accounts

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

¹All transactions listed in the table above, excluding multiple funds transfers, are eligible transactions. Any transactions with a fee of ‘Nil’ will not count towards your monthly allocation of free eligible transactions. At the end of each billing period, regardless of the date or order they occur, eligible transactions will be ranked to determine the most expensive eligible transactions. The 30 most expensive eligible transactions are free. Once the number of free eligible transactions are exceeded, you will be charged fees according to the NAB Business Everyday Account ($10 Monthly Fee Option). Any unused free eligible transactions will not accumulate or roll-over and are forfeited. For the purpose of free eligible transactions, each deposit or withdrawal is an eligible transaction, each cheque/item lodged is an additional eligible transaction. For example, an Express Cheque Deposit which includes three cheques will be considered four transactions for the purpose of the free eligible transactions (the deposit fee plus each of the three cheques).

²For further details, refer to Section 7 – Definitions. Also includes transactions made at Australia Post outlets or by NAB Agents.

³For example, if a banker assisted deposit is made to a NAB Business Everyday Account ($0 Monthly Fee Option) and the deposit contains three cheques, the total fees will be $4.30. This is comprised of a $2.50 deposit fee plus three cheques fees ($0.60 each).

⁴Non-NAB ATM transactions may incur a charge by the owner of the ATM. NAB does not apply any additional charges. Overseas ATM transactions may incur additional fees. See NAB Business Visa Debit Card.

⁵The charge is per credit, for example a payroll file for 20 staff members (i.e. 20 credits) would incur a total $4 service fee, debited from the account which the payment was made at the time the regular account service fee or flat monthly fee (if applicable) is charged. Multiple funds transfer fees are not included in the free eligible transactions and will be charged per each transaction on your account in all circumstances.

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.

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.

Note: Transactions can only be made electronically.

(Refer to Section 7 for above definitions)