Account Authority

There are a number of reasons when you might need to give someone else access to your account, this includes:

• Individuals who may need to add another person to help manage day-to-day banking transactions on your behalf, or if you’re a parent you can help manage your child’s banking.
• Business accounts that are owned by the business entity. The business may need to add authorised individuals who can manage transactions on its behalf, such as Directors, Trustees, or other authorised employees.

If you need, you can cancel or remove an authorised person’s access at any time.

Authorised persons are specific to the account you choose. An individual is granted either ‘Transact’ only, or ‘Transact & Amend’ authorisation on the account with an additional NAB ID.

By authorising access to your money and financial affairs, you may increase your exposure to the risk of financial abuse and fraud. It’s important that you only give authority to someone you trust and who will look out for your best interests, and should only provide access to your accounts if you fully understand the nature and implication of the authority you’re giving.

An authorised person will have access to your full available balance, and you are liable for any transactions they undertake. It is important that you inform NAB when you no longer want an authorised person to have access to your account.

As the account owner, you must initially request and complete an Account Authority form. If you’re a personal customer, you can request the form by visiting your nearest branch. Business customers can call us on 13 10 12 or contact your business banker.

Once received, you will be able to wet sign or electronically Docusign and return to NAB for processing.