Every registered NAB Internet Banking user is set a maximum amount of funds they can transfer on any given day to non-linked accounts.
You must be registered for SMS Security to be eligible to apply for a daily limit amount greater than $2,500.
Please refer to the table below for guidelines.
|Daily limit||Is SMS security required?||The cumulative total per NAB ID, per day includes:|
|From $5,000 up to $40,000||
The Daily limit does not apply to:
- funds transfers between your linked accounts at NAB (except in the case of a multiple funds transfer)
- bill payments to BPAY® billers who have been bank authorised (individual billers may impose their own transaction limits).
SMS Security registered customers can view their daily transfer limit by selecting Internet Banking settings from the Settings/Mailbox menu. To adjust their limit, SMS Security register customers can then select Change limit.
Only SMS Security registered customers can increase their $2,500 daily transfer limit to up to $40,000.
This may increase your liability for unauthorised transactions. You may want to consider your limit and only increase it to suit your needs or for a large one off payment.
®BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518