Business banking fees and charges

This guide covers the fees that may apply to 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.

This guide forms part of the Product Disclosure Statement (PDS) and terms and conditions for the products listed in this document. If you want to see fees and charges relating to personal banking products, please see our personal banking fees and charges.

Access the latest PDF version of this guide

Business banking fees - a guide to fees and charges (PDF, 219KB), opens in new window - effective 30 September 2024.

We may remove fees in between publications of the PDF version of this guide. As some fees in the PDF version of this guide may no longer be charged, please refer to this page for the most up to date list of fees.

Section 1- Business Accounts and Services

• NAB Community Fee Saver Account
  

• NAB Business Visa Debit Card

• NAB Business Cash Maximiser

Section 2 - Agribusiness Products and Services

• NAB Farm Management Account (no longer for sale)
  
• NAB Farm Management Account Overdraft (no longer for sale)

Section 3 - NAB Cards for Business

Section 4 - Business Lending Facilities

• Trade and Working Capital
  • Exports
  • Imports
  • Invoice Finance
  • Payables Finance
  • Receivables Purchase
  • General Charges and Other Trade Services

Section 5 - Other Service Fees

• Multiple funds transfer fee
• NAB Connect
• NAB Direct Link
• NAB Express Business Deposit
• NAB Internet and Telephone Banking
• Real Time Gross Settlement (domestic telegraphic transfer)
• Registration and lodgement
• Search fees
• Settlement
• Transaction verification
• Transmission of deeds, documents, etc. for inspection, delivery or execution (excludes finance company agreements/contracts)
• International Payments
  • Outward
  • Inward
  • Other
• NAB Foreign Currency Account

Section 6 - Government Taxes and Charges

Section 7 - Definitions

• Banker assisted deposits and withdrawals include
• Cheques or items lodged with a deposit include
• NAB ATM transactions include
• Electronic transactions include
• Services available for business customers at Australia Post include

General Advice Warning

Section 1 - Business accounts and services

Opening a Business Account

A company/business name search fee may be payable at opening of all new accounts/facilities 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 (no longer for sale) 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, 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 15 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 $12. This is comprised of a $3 deposit fee plus three cheques fees ($3 each).

⁴A Coin Deposit Machine to deposit funds into a NAB business account will appear as Express Business Deposit on your account statement.

⁵Non-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.

NAB Business Visa Debit Card

NAB international transaction fee¹

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)
• Multi-currency international transaction: where the transaction is made in a currency other than Australian dollars (AUD)

¹ International Transaction Fee applicable when transactions are made using a Business Visa Debit Card linked to a business transaction account as per Business Banking Fees – A guide to Fees and Charges. Other transaction accounts (e.g. personal transaction accounts) may have an alternative International Transaction Fee as per the relevant Fees and Charges Guide.

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.
³ 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. 

Note: Transactions can only be made electronically. 

(Refer to Section 7 for above definitions) 

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

¹Refer to Section 7 – Definitions. Also includes transactions made at Australia Post outlets or by NAB Agents.

²A Coin Deposit Machine to deposit funds into a NAB business account will appear as Express Business Deposit on your account statement.

³Non-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.

NAB cards for business

¹ 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.

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

³ 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.

⁴For Cash Advances, you will be charged a percentage of the Cash Advance (in Australian dollars) or the minimum fee, whichever is the greater.

For Cash Advance transactions via Internet Banking, if after NAB posts the Cash Advance transaction and any other purchases or payments for that processing day, the balance of the account is in credit, the Cash Advance fee will not be charged. The minimum Cash Advance fee will apply to any transactions other than NAB Internet Banking including ATM withdrawals and gambling transactions when your account is in credit balance.

Note: NAB posts purchases and cash advances in that order to your account before posting payments and refunds.

⁵ International cash withdrawal made via an ATM outside Australia or over the counter at a financial institution outside Australia.

NAB international transaction fee¹

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)
• Multi-currency international transaction: where the transaction is made in a currency other than Australian dollars (AUD)

®Registered trademark of MasterCard. 
®Registered trademark of American Express Company.

¹The 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).

The following applies to all card accounts outlined on the previous pages, unless otherwise indicated.

Access overseas via PLUS or CIRRUS ATMs via a linked NAB Credit Card

Refer to Section 1 for NAB Business Visa Debit Card fees

¹Charged to NAB and on charged by NAB to your account for purchase transactions where:

• the original transaction currency is not in Australian dollars (AUD); and
• the merchant, the merchant’s financial institution or entity processing the transaction is located overseas.

The fee will be a percentage of the converted amount and is included in the posted AUD amount.

Business Loans and Overdrafts

¹ Economic 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. Please contact us if you are considering a prepayment and would like an estimate of the economic costs.

² Markets Loans – range rate premium is applicable to Corporate Markets Loan only.

The following fees are applicable when Property Credit Risk (PCR) undertakes due diligence, negotiates, prepares or consents to the following documents:

¹ Fee applies for standalone facilities and those drawn under a Master Asset Finance Agreement or Master Rental Agreement. Fees may vary depending on transaction type, complexity and the number of assets involved.

Exports 

Documentary Collections - Outward D/P (Sight) or D/A (Term)

¹ Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate on the day the transaction is initiated.

² Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate on the day the drawing is initiated.

¹ Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate on the day the transaction is initiated.

¹ Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate in respect of any undrawn balance remaining on expiry.

2 Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate on the date NAB receives the Beneficiary’s acceptance of the cancellation or decrease.

¹ Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate on the day the drawing is initiated.

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.

¹ Australian dollar equivalent is calculated using NAB’s applicable foreign exchange rate on the day the drawing is initiated.

¹Fee 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.

² Economic cost is NAB'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. Please contact us if you are considering a prepayment and would like an estimate of the economic costs.

Agency credits¹

Banker assisted deposits to an account using agency credit vouchers (e.g. insurance agents payments).

¹ Payable and debited on the last business day of the month. 

Note: These fees are in addition to the fees applicable to your business account (with the exception of NAB Farm Management Accounts (no longer for sale) and NAB Community Fee Saver Accounts) as detailed in this guide. 

The following fees would apply where a Banker assisted 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: 

(Refer to Section 1 for NAB Business Visa Debit Card fees)

Charges will apply whether the bill is recalled, dishonoured, paid or accepted.

Note: Where scrip, etc. is insured by NAB, insurance premium is to be borne by broker or other party plus a charge of $6.

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

Applies to the exchange of notes/coin for alternative denominations of notes/coin.

¹ Fee is not charged if cheque is cashed at home branch.

Note: Charge will apply whether documents are held as security or otherwise, and for confirmation of previous certificates.

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.

Standing facilities to cash business cheques or orders at another branch or bank.

Note: A cash handling fee may be charged for amounts in excess of $5,000 per day, non-cumulative.

Legal fees

Fees incurred with external lawyers may be at your cost.

Merchant Services – standard fees¹

Payment channels include EFTPOS terminals, internet, interactive voice response (IVR), batch and paper.

¹ Other non-standard fees may apply which will be outlined in the Letter of Offer.

² This fee will be charged on the date of the Letter of Offer, which may be earlier than the date you accept the offer. If you do not accept the offer, the fee will be fully refunded.

NAB Connect

NAB Connect fees and charges are separate and additional to those set out in this guide. View the NAB Connect fees and charges under ‘Important Information’ at NAB Connect.

NAB Direct Link

NAB Direct Link fees and charges are separate and additional to those set out in this guide. View the NAB Direct Link fees and charger under ‘Important Information’ at NAB Direct Link.

Note: Transaction fees may apply for each deposit and each item lodged in an Express Business Deposit (see Section 1 and 2).

NAB Internet and Telephone Banking

Fees apply to NAB Internet and Telephone Banking (see Section 1 and 2). 

Exemption: Charge shall not apply where security documents are forwarded for execution.

International Payments

Outward

¹ In most cases, NAB will pay overseas bank charges on your behalf. However, in some instances beyond NAB's control, overseas banks will directly deduct these overseas bank charges from the money you send instead.

² Any overseas bank charges incurred will be charged to the customer.

International transfers – received

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.

NAB does not charge a fee for general enquiries or investigations, at a customer request, that require messaging to/from an overseas or correspondent bank. However, any overseas bank charges incurred will be charged to the customer.

Goods and Services Tax (GST)

The ‘GST Clause’ below applies to fees and charges in this guide that are subject to GST but are not expressed as 'GST inclusive'. NAB reserves the right to apply the ‘GST Clause’ to all fees in this guide if there is a change to the GST rate or to whether or how GST applies to a service identified in this guide. 

GST clause

If NAB is liable to pay GST or any similar tax on a supply made in connection with a service referred to in this guide, then the Customer agrees to promptly on demand pay NAB 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.

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

Banker assisted deposits and withdrawals include: 

• A banker assisted deposit or withdrawal includes any transactions on an account, which require the assistance of NAB staff or a NAB agent to facilitate the movement of funds between accounts. This may include but not be limited to transactions made over the counter at a NAB branch, by a NAB Agent, at an Australia Post outlet, or transactions made via a NAB operator over the phone, email or in an any other capacity when facilitating a movement of funds on your account. Each deposit transaction and each withdrawal transaction to/from an account is a separate item.

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 deposits, this includes each individual cheque or item included in the overall deposit. For Express Business Deposits or Express Cheque Deposits, this includes each individual cheque or item paid in with a deposit slip. 
  Note: A merchant envelope is counted as one item. 

NAB ATM transactions include: 

• Each deposit and withdrawal (cash and/or cheque) made at 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), Osko and other NPP payments, 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. 

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

Services available for business customers at Australia Post include: