Setting up regular deposits

Setting up a regular deposit into one of your savings accounts can not only help you stick to a savings plan, but it can also earn you bonus interest¹ eligible on some accounts like the NAB Reward Saver.

While it’s a funds transfer between two of your accounts, it’s similar to the ‘set and go’ aspect of a direct debit you might set up to pay a bill. A set amount of your choosing will be automatically transferred between your accounts at a frequency of your choice. ( i.e fortnightly or monthly).

1. Log into the NAB app.
2. Tap Transfer & pay.
3. Select the account you’d like to transfer from and tap Transfer.
4. Select the account you’d like to transfer to.
5. Enter the ‘Amount’ you’d like to transfer and tap Pay when.
6. Tap Recurring.
   a) Tap Frequency* and select ‘Weekly’, ‘Fortnightly’, ‘Monthly’ or ‘Quarterly’.
   b) Tap Set start date** and select your preferred date.
   c) Select ‘until further notice’, ‘set end date’ or ‘number of payments’.
   d) Tap Apply.
7. Tap Next.
8. Confirm all details are correct and tap Pay.
9. Payment Scheduled Confirmation screen will display.

* Choosing ‘Quarterly’ will not meet the Reward Saver bonus interest¹ criteria.
**For ‘Monthly’ frequency, choose a business banking day at the start of the month.

1. Log into Internet Banking.
2. Select Transfer & Pay from the top menu.
3. Select Transfer.
   a) Choose the account to transfer from and to, and the amount.
   b) For the ‘When’ option, select Recurring and fill out the time details.
   
4. Select ‘Next’
5. Check the details of the funds transfer and select 'Confirm' to schedule the payment.

* Choosing ‘Quarterly’ will not meet the Reward Saver bonus interest¹ criteria.
**For ‘Monthly’ frequency, choose a business banking day at the start of the month.