NAB Now Pay Later


NAB Personal Overdraft is no longer for sale. NAB Now Pay Later links to your NAB Classic Banking account and enables you to split the cost of your purchases into four simple repayments over six weeks.

  • No interest, account or late fees.

  • No international transaction fees.

  • Shop online or in-store with your digital card.

    Account limits of up to $2,000 are available subject to credit assessments for eligible customers. Only gambling transactions and cash advances aren't allowed.
Learn more about NAB Now Pay Later

Accessing a line of credit

We offer other products that might allow you to access a line of credit, such as a simple low interest rate credit card with your choice of offers: get a promotional balance transfer or select our cash back offer.

Learn more about NAB Low Rate Cards

Personal Overdraft features

Here are some of the features of your NAB Personal Overdraft.

Flexibility between bank accounts

Easily transfer your overdraft funds between your NAB accounts when you need to.

Access funds anywhere

Easily access your money via any of NAB’s 7,000 Australia-wide ATM’s.

No set repayments

You’ll only ever pay interest on the funds that you spend.

Rates, fees and limits apply.  Please refer to our Personal Banking fees and charges before making any decisions about this product. NAB is the product issuer.

Frequently asked questions

Read our most commonly asked questions relating to our Personal Overdraft account.


  • Your NAB Personal Overdraft is linked to your NAB Classic Banking account or NAB Retirement Account. It lets you withdraw extra money up to an approved amount. In other words, it lets you go in and out of negative balance with your transaction account.


  • Interest is only calculated when your end-of-day account balance is negative. This means you can go in and out of negative balance during the day and, provided that your end-of-day account balance is positive, you won’t get charged any interest.


  • An Overdraft Line Fee is a fee you’ll be charged every six months – in March and September – to have the ability to access additional funds. In other words, even if you don’t use your agreed limit at all for the year, you will still be charged this fee.

Other products to consider

Unsecured business overdraft

Manage your cash flow and unexpected expenses with an unsecured business overdraft on your transaction account, up to $50,000.

Personal loans

You can use our personal loans to get the car you want, consolidate your debts or for something else, like a new motorbike, boat, or renovation.

NAB Reward Saver

Grow your savings faster with a higher interest rate, if you're a motivated saver.

Help and support

View our guides for home buying and managing your finances.

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

View our help and support hub

Get in touch

Visit a NAB branch

Visit your nearest NAB branch to speak to us in person.

Find a NAB branch

Terms and Conditions

Closing your account
If you’d like to close your account please visit a NAB branch, or call us on 13 22 65 from Monday to Friday, 8:00am to 7:00pm (AEST/AEDT) or Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT).