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.
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
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