Personal Transaction and Savings Products

Terms and Conditions

Effective 13.05.2017

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Summary of Important Information

Part A Account terms and conditions

BPAY View – only applicable to NAB Internet Banking

Definitions and Interpretation

Summary of Important Information

Customer Service

You can contact us by:
calling 13 BANK (13 22 65) and select the option to speak to a Customer Service Representative;
visiting our website nab.com.au;
writing to us at Level 1, 800 Bourke Street, Docklands, Victoria 3008; or
hearing impaired customers with telephone typewriters can contact us via the National Relay Service on 13 36 77.

Lost/Stolen Cards/Compromised Personal Identification Numbers (PINs)

If your card and/or card details are lost or stolen and/or your PIN is compromised or divulged you must immediately notify NAB and provide any information about how the loss / incident occurred by calling one of the following numbers, or using any other means NAB makes available to you.

Within Australia

Freecall 1800 033 103 (24 hours a day – toll free); or

If Overseas

International code +613 8641 9121

In addition to the above number, NAB Visa Debit cardholders can also call +1 303 967 1090 (call reverse charges 24 hours a day).

Unauthorised transactions

If you believe there has been an unauthorised transaction on your account, please notify NAB by calling 13 BANK (13 22 65) and select the option to speak to a Customer Service Representative.

NAB PIN

You may change your PIN as frequently as you wish at selected NAB Automatic Teller Machines ('ATMs'). Refer to clause 34.5 of Part D of this booklet for further guidance on PIN selection. For a complete list of ATM locations, please contact NAB by:

visiting nab.com.au; or
calling 13 BANK (13 22 65) and selecting the option to speak to a Customer Service Representative.

ATM emergency

To report an ATM breakdown or malfunction, or alternatively to query a current ATM (such as a card not returned by an ATM or incorrect cash disbursement), please contact NAB by:

calling 13 BANK (13 22 65) and selecting the option to speak to a Customer Service Representative; or
calling, freecall 1800 036 066 after hours.

Note: As part of NAB's security procedures, transactions conducted at ATMs may be photographed.

Financial Claims Scheme

The Financial Claims Scheme provides a guarantee of funds deposited with an authorised deposit-taking institution (ADI) such as NAB. In the event that an ADI becomes insolvent, customers may be eligible to claim the amount of their deposits with that ADI from the Scheme. Payments under the Scheme are subject to a limit for each depositor. For more information regarding the Scheme, visit the Financial Claims Scheme website.

About this booklet

This booklet contains the terms and conditions for:

NAB's Personal Transaction and Savings accounts, and
NAB Visa Debit card; and
NAB Electronic Banking (Debit cards); and
NAB Internet Banking and NAB Telephone Banking

together with the following:

A Guide to Fees and Charges – Personal Banking Fees; and
NAB's indicator rates for deposit products are set out in NAB’s flyer 'Indicator Rates – Deposit Products' and in the page ‘Indicator Rates – Deposit Products’ at our website at nab.com.au

Things you should know

These terms and conditions govern the operation of NAB's personal transaction and savings accounts (listed in the Product Comparison Table) including use of an eligible account with NAB's Visa Debit card and accessing NAB's Electronic Banking (Debit cards) service and NAB Internet Banking and NAB Telephone Banking service.

It is important that you read and understand the terms and conditions set out in this booklet that apply to your account, card or service. They set out a number of obligations which you need to be aware of including, for example, under clause 7.3 you must promptly check your account statements and report to NAB any transactions recorded which you suspect you did not authorise or the details of which may be incorrect. Also to note is that under clause 10 if you overdraw an account or are overdue in making a payment to NAB, we may elect to use any of your available credit funds to correct the position and then inform you that we have done so.

This booklet, the fees guide and indicator rates flyer are available from NAB at any time. If you have not already received copies of each item please contact NAB. You can also get information about our indicator rates for deposit products in the page headed ‘Indicator Rates – Deposit Products’ set out in our website at nab.com.au

Any advice in this booklet has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice, NAB recommends that you consider whether it is appropriate for your circumstances.

National Australia Bank Limited ABN 12 004 044 937, Australian Financial Services Licence 230686 is the issuer of each financial product included in this booklet.

Tax File Number Options

Interest earned on a NAB Personal Transaction or Savings account may form part of your assessable income.

NAB is authorised to collect your Tax File Number (TFN) under the Income Tax Assessment Act 1936. NAB will use your TFN to report details of interest earned on your Personal Transaction and Savings account to the Australian Taxation Office. It is not compulsory to provide your TFN and it is not an offence if you decline to do so.

If you do not provide your Tax File Number (TFN), Australian Business Number (ABN) or advise that you are eligible for an exemption from providing a TFN or ABN, NAB may be obliged to deduct Pay as You Go Withholding Tax at the maximum marginal tax rate (plus the Medicare levy) from any interest income you earn on your NAB Personal Transaction or Savings account. If you are a non-resident of Australia, NAB may also be obliged to deduct Pay as You Go Withholding Tax.

Meaning of words

Words defined throughout this booklet have the meaning set out in the Definitions and Interpretation section towards the end of this booklet.

Key Information	NAB Classic Banking	NAB Gold Banking- Private	NAB Retirement Account	NAB Reward Saver	NAB iSaver1	NAB FlexiPlus Mortgage Account	NAB Portfolio Facility/NAB Private Portfolio Facility Sub Account
Account Access	Conditions apply to fixed rate sub accounts. See note
At call							4
ATM							5
EFTPOS							6
Visa Debit
Internet Banking					2		5
Telephone Banking					2		5
Periodical Payments							6
Direct Debit (Refer to Part A clause 7.2)							6
Cheque Book Option (Refer to Part A clause 1.6)							6
Returns
Interest Calculated	Daily	Daily	Daily	Daily	Daily	Daily	Daily
Paid	Quarterly	Quarterly	Quarterly	Monthly	Monthly	Quarterly	Quarterly
Fee Structure	See NAB's brochure 'A Guide to Fees and Charges –Personal Banking Fees' for full details of the fee structure for each account
Account Features
Minimum account balance
Eligibility criteria
Online statements2A
Option for paper statements
Passbook
Link to NAB Portfolio Facility 100% Offset Arrangement (Refer to part A clause 6)							7
Link to NAB 100% Offset Arrangement (Refer to Part A clause 6)
Link to overdraft facility
For further information refer to Part A Account terms and conditions clause No:	1	1	1	2	2	1	1
NAB Visa Debit card3
NAB Debit card3A							6
NAB Personal Credit Card							6

1. Only available to customers with an eligible NAB transaction account as specified in clause 2.4 of the terms and conditions in Part A

2. Transactions only available to and from an eligible NAB account. Refer to clause 2.4 of these terms and conditions.

2A. Available to customers with NAB Internet Banking who have provided relevant electronic contact details.

3. Refer to Part C – NAB Visa Debit card terms and conditions.

3A. Refer to Part A clause 3.3 for information about use of a NAB Debit card overseas.

4. For a fixed rate sub account, an advance (up to the sub account limit) may be made (at one time) but no other drawing on the account can be made during the fixed rate period.

5. Only deposits can be made during a fixed rate period. Economic costs may be payable. See your credit contract.

6. N/A during a fixed rate period.

7. If a fixed rate sub account is included in an offset arrangement, you won't benefit from the offset until the account has a variable interest rate.

Part A Account terms and conditions

1 Transaction accounts

The following terms and conditions (in addition to those terms and conditions in Part B of this booklet) apply to the accounts listed below, unless specific terms and conditions apply to your account.

NAB Classic Banking, NAB Gold Banking-Private, NAB Retirement Account, NAB FlexiPlus Mortgage Account and NAB Portfolio/NAB Private Portfolio Sub Accounts.

How will the accounts work?

1.1 You may deposit any amount and you may withdraw up to the available credit funds from your account, or if your account has an overdraft facility, up to the approved overdraft limit subject to clause 1.8(b).

1.2 If your account has no overdraft facility and has insufficient credit funds available to satisfy any withdrawal, NAB may block your account from completing the withdrawal until sufficient credit funds are deposited and made available in the account.

1.3 Proceeds of any cheque or other item deposited in your account will not be available until the cheque or other item is cleared.

1.4 There is no minimum account balance which must be maintained.

1.5 Subject to clause 1.10, you may withdraw from your account at any of NAB's branches, subject to you providing suitable identification. You may arrange to access your account through NAB Internet Banking and NAB Telephone Banking or similar electronic service provided by NAB. (For a NAB Portfolio/NAB Private Portfolio fixed rate sub account, you can only use NAB Internet Banking or NAB Telephone Banking to make deposits during the fixed rate period.) Such access will be governed by NAB's standard terms and conditions for the service.

1.6 NAB may, upon request, provide a cheque book to access your account. This is not available for NAB Portfolio/NAB Private Portfolio fixed rate sub accounts.

1.7 If you specifically apply for, and NAB agrees to give you, an overdraft facility with your account, the overdraft facility will be subject to NAB's standard terms and conditions for the facility which will be provided to you at the time. Additionally, NAB may at its discretion, allow you to overdraw your account:

if you do not have an approved overdraft limit, to any amount permitted by NAB from time to time; or
if you do have an approved overdraft limit, to any amount permitted by NAB from time to time, beyond the amount of that limit.

In both these situations, you may be charged default interest in accordance with clause 5.

NAB FlexiPlus Mortgage Accounts and NAB Portfolio/NAB Private Portfolio Sub Accounts

The following specific terms and conditions apply to accounts that NAB establishes in your name to enable you to use a line of credit under:

NAB FlexiPlus Mortgage Facility;
NAB Portfolio Facility; or
NAB Private Portfolio Facility

1.8 (a) Subject to (b) you may deposit any amount and you may withdraw up to the available credit funds or up to the approved limit for your line of credit facility.

(b) If you have a fixed rate sub account under a NAB Portfolio Facility/NAB Private Portfolio Facility:

(i) NAB may, at your request, provide an advance (at one time) through the account which is equal to or less than the sub account limit for the account but you cannot otherwise draw on the account during the fixed rate period; and

(ii) economic costs may be payable under your credit contract if you deposit more than your contracted payments into your fixed rate sub account. However, NAB will waive economic costs payable in relation to the first $20,000 (cumulative) which is prepaid (as a partial payment) during a fixed rate period. See your credit contract.

1.9 Each line of credit facility described above will be subject to NAB's standard terms and conditions for the facility which will be provided to you at the time. Additionally, NAB may at its discretion, allow you to overdraw your account to any amount permitted by NAB from time to time, beyond the amount of your approved limit. Clause 5 applies to any amount overdrawn.

Termination of the account

1.10 When your line of credit facility that is operated through the account(s) is cancelled and all monies have been repaid, the account(s) will be closed or changed into a NAB transaction account(s) acceptable by NAB, as directed by you.

When will I receive statements?

1.11 NAB will generally send you statements of account at least six monthly, unless you request otherwise.

However

- If a NAB Visa Debit card is linked to your account, a statement will be sent to you bi-monthly, unless you request otherwise.

- NAB FlexiPlus Mortgage and NAB Portfolio Facility/NAB Private Portfolio Facility accountholders will be sent statements of account for each account monthly unless you request otherwise.

1.12 Statements of account will be sent to you by post, electronically or in any other way permitted by law or otherwise agreed.

1.13 Notwithstanding the above, we may choose not to send you a statement of account where the law does not require us to send it to you.

1.13A Amounts on your statement of account will be expressed in Australian dollars.

Eligibility criteria

Some accounts are only available to eligible customers.

1.14 In the case of joint accounts, at least one accountholder must satisfy the eligibility criteria. NAB FlexiPlus Mortgage and NAB Portfolio Facility/NAB Private Portfolio Facility accounts requires all account holders to satisfy their respective eligibility criteria.

NAB Retirement account

Who is eligible for this account?

1.15 You must be:

aged 55 or over and retired; or
receiving a Department of Social Security/Veterans' Affairs pension or allowance which is subject to deeming.

2 Savings accounts

NAB Reward Saver and NAB iSaver accounts

How will the accounts work?

NAB Reward Saver

2.1 You may deposit any amount and you may withdraw up to the available credit funds from your NAB account. Proceeds of any cheque or other item deposited in your account will not be available until the cheque or other item is cleared.

2.2 There is no minimum account balance which must be maintained.

2.3 You may withdraw from your account at any of NAB's branches, subject to you providing suitable identification. You may arrange to access your account through NAB Internet Banking and NAB Telephone Banking or similar electronic service provided by NAB. Such access will be governed by NAB's standard terms and conditions for the service.

NAB iSaver

2.4 When you apply to open a NAB iSaver account you must have and maintain a NAB personal transaction account while your NAB iSaver account remains open (each such NAB account "the eligible NAB account").

New NAB accountholders must open any one of the following accounts as an eligible
NAB account:
NAB Classic Banking, NAB Gold Banking – Private, NAB Retirement account, NAB FlexiPlus Mortgage account or a NAB Portfolio Facility/Private Portfolio Facility sub account.
Existing NAB accountholders may use NAB Gold Banking as an eligible NAB account.

2.5 Your NAB iSaver account must be used in conjunction with your eligible NAB account. The eligible NAB account will be governed by the standard terms and conditions applicable to that particular account.

2.6 You may have more than one NAB iSaver account. Each NAB iSaver account can be used in connection with one or more eligible NAB account(s).

2.7 There is no minimum deposit required to open the NAB iSaver account.

2.8 There is no minimum account balance that must be maintained.

2.9 You must arrange to access your NAB iSaver account and your statement of account for your NAB iSaver through NAB Internet Banking or NAB Telephone Banking or similar electronic service provided by NAB. NAB's standard terms and conditions for these services will apply.

2.10 The initial deposit to your NAB iSaver account can be made at a NAB branch, or via NAB Internet Banking or NAB Telephone Banking with funds from your eligible NAB account using the funds transfer option. The proceeds of any cheque or other item deposited into your NAB iSaver account will not be available until the cheque or other item has been cleared.

2.11 After the initial deposit, other deposits to your NAB iSaver account can only be made by transferring funds from your eligible NAB account. This can be done by using the funds transfer option in NAB Internet Banking or NAB Telephone Banking. You must not at any time make cash or cheque deposits at NAB branches or agencies or through ATMs.

2.12 You may arrange for regular deposits to be made to your NAB iSaver account from your eligible NAB account by setting up a periodic payment instruction through NAB Internet Banking or NAB Telephone Banking. Periodic payments will be governed by NAB's standard terms and conditions relating to the service.

2.13 You may request to set up a balance transfer facility from your eligible NAB account to your NAB iSaver account. NAB may accept or reject your request at its discretion. The balance transfer facility will enable automatic funds transfer from your eligible NAB account to your NAB iSaver account at intervals you have specified when the balance of your eligible NAB account reaches a limit you have specified. You may not transfer amounts from your NAB iSaver account using the balance transfer facility. To request a balance transfer facility please visit your nearest NAB branch.

2.14 You may deposit salary, dividend distributions and other regular deposits direct to your NAB iSaver account by direct credit or by periodic payment from another NAB or non-NAB account.

2.15 You are not able to set up direct debits or periodic payments from your NAB iSaver account to another NAB or non-NAB account.

2.16 You may only withdraw up to the available credit funds from your NAB iSaver account and must not allow that account to have a debit balance. If NAB at its discretion, allows a withdrawal which overdraws your NAB iSaver account then until you put the account in credit you may be charged default interest in accordance with clause 5.

2.17 Withdrawals can only be made from your NAB iSaver account by transferring funds to your eligible NAB account through NAB Internet Banking or NAB Telephone Banking.

2.18 Withdrawals cannot be made via ATM or EFTPOS or at any NAB branch. In addition, transfers via NAB Internet Banking or NAB Telephone Banking cannot be made from your NAB iSaver account to any credit card or loan account and you cannot pay bills from your NAB iSaver account using BPAY®.

2.19 You can close your iSaver account at a NAB Branch or in any other way we allow from time to time. You are not required to close your linked eligible NAB account when you close your NAB iSaver account. However, according to clause 2.4, should you wish to close your linked eligible NAB account you must first close your NAB iSaver.

When will I receive statements?

2.20 NAB will send you statements of account for the NAB Reward Saver account at least every three months and at least six monthly for the NAB iSaver account, unless you request otherwise.

Statements of account will be sent to you:

- for a NAB iSaver account applied for prior to 12 May 2017 and for the NAB Reward Saver, by post electronically or in any other way permitted by law or otherwise agreed.

- for a NAB iSaver account applied for on or after 12 May 2017, electronically only.

Notwithstanding the above, we may choose not to send you a statement of account where the law does not require us to send it to you.

®Registered to BPAY Ltd ABN 69 079 137 518

Eligibility criteria

NAB Reward Saver

Who is eligible for this account?

2.21 Accountholders under 18 years of age may be required to have a parent/guardian or other adult sign the application form to open a NAB Reward Saver account and provide suitable identification for themselves and you.

3 Account features – terms and conditions

The following terms and conditions also apply to the accounts referred to in this Part A, unless specific terms and conditions apply to your account.

What interest will I receive?

3.1 Interest is calculated and paid in accordance with the terms and conditions set out in clause 4 of this booklet.

What electronic access options are available?

3.2 For information on the electronic access options available refer to the Product Comparison Table.

What fees are applicable to these accounts?

3.3 NAB may debit your account with account fees and other standard service fees, the amount and nature of which are detailed in NAB's brochure 'A Guide to Fees and Charges – Personal Banking Fees', available from NAB at any time.

When a NAB Visa Debit card is used overseas to make a transaction in a foreign currency the way amounts are converted and the way the NAB Foreign Currency Transaction Fee is charged is described in Part C, clause 23.

When a NAB Debit card is used overseas at an ATM (Automatic Teller Machine) to withdraw foreign currency, amounts are converted and the Foreign Currency Transaction Fee is charged in the same way as described in Part C, clause 23.

3.4 There are no account service fees or transaction fees applicable to the NAB iSaver account. However other standard service fees may apply to the NAB iSaver account and account service fees and other standard service fees may apply to your eligible NAB account, the amount and nature of which are detailed in NAB's brochure 'A Guide to Fees and Charges – Personal Banking Fees', available from NAB at any time.

3.5 NAB may debit your account with government charges, duties and taxes relating to your account. For further information refer to NAB's brochure 'A Guide to Fees and Charges – Personal Banking Fees', available from NAB at any time.

4 Calculation and payment of Interest

NAB Classic Banking, NAB Gold Banking – Private, NAB Retirement Account, NAB Reward Saver, NAB iSaver, and NAB FlexiPlus Mortgage Account and NAB Portfolio Facility/NAB Private Portfolio Facility Sub Accounts.

4.1 Where interest is payable by NAB, it is calculated on the daily credit balance of your account, as at the end of each day up to and including the day before the last banking day of each period as set out in the table below. If applicable NAB will credit the interest to your account the next banking day. Excluded from the daily credit balance of your account (where applicable) are any outstanding authorisations which are not posted to your NAB Visa Debit account as at the end of each day.

	Interest Paid Monthly	Interest Paid Quarterly
NAB Classic Banking
NAB Gold Banking – Private
NAB Retirement Account
NAB Reward Saver
NAB iSaver
NAB FlexiPlus Mortgage Account
NAB Portfolio Facility sub account
NAB Private Portfolio Facility sub acount

* Quarterly interest is paid at the end of March, June, September and December.

Different rates may apply to different levels of your account balance (rates may also fluctuate). These levels of account balance and the rates applicable to them are notified to you at the time you open your account. Rates are detailed in NAB's flyer 'Indicator Rates – For Deposit Products' and in the page headed ‘Indicator Rates – Deposit Products’ set out at nab.com.au This rate information forms part of these terms and conditions.

For NAB Retirement Account the applicable rate applies to the applicable portion of your account balance. For example, one interest rate may apply to the first $1,999.99 of your account balance, while different interest rates may apply to the remainder of your account balance.

NAB Reward Saver account – Bonus Interest

4.2 Subject to clauses 4.3 and 6, NAB may also pay bonus interest calculated on the daily credit balance of your account as at the end of each day up to and including the day before the last banking day of each month and if applicable will credit the interest to your account the next banking day.

4.3 NAB may pay bonus interest on your account when you make at least one deposit to your account in the month and no withdrawals in the month. Any bonus interest paid is in addition to the base interest earned on your account.

4.4 To determine whether bonus interest is payable:

the month is defined as:
1. commencing on the day your account is opened, and then subsequently the first day of each month thereafter; and
2. ending on the second last banking day of each month; and
at least one deposit must be made to your account on or before the second last banking day of the month; and
any deposit made on the last banking day of the month is excluded.

If you make any withdrawals in a month you will not earn bonus interest on your account.

4.5 If you close your account or vary the account type before the end of the month, your account will not receive any bonus interest for the month.

5 Overdrawn accounts

5.1 If your account is overdrawn without an approved overdraft limit (or beyond the amount of any approved overdraft limit), you must put the account in credit (or within the amount of the limit) within seven days.

5.1A You must monitor your account to ensure that it does not become overdrawn. You can check your balance at any time at www.nab.com.au or by using telephone banking. We may, in our absolute discretion, authorise a transaction that overdraws your account. If you do not rectify an overdrawn account within seven days, and the overdrawn account persists for 60 or more days, we may report that to a credit reporting body in accordance with the Privacy Act 1988. This may affect your ability to obtain credit in the future.

5.2 You will pay NAB interest⁴ at the default rate applicable to personal accounts on the overdrawn amount and for the period of time your account remains overdrawn. The default rate is set out in NAB's flyer 'Indicator Rates – Deposit Products' and in the page headed ‘Indicator Rates – Deposit Products’ set out at nab.com.au You will be notified of any change to the default rate. It is also available from NAB.

5.3 Interest is calculated on the daily debit balance of your account as at the end of each day (up to and including the day before the last banking day of each month) and will be charged to your account on the last banking day of each month.

5.4 Default interest will not be payable where there is a NAB FlexiPlus Mortgage limit or NAB Portfolio Facility/NAB Private Portfolio Facility Limit or any other approved NAB overdraft facility limit which is operated through the account.

6 NAB 100% Offset arrangement and NAB Portfolio Facility 100% Offset arrangement

Am I eligible for a NAB 100% Offset arrangement, and if so, how do I apply?

NAB 100% Offset arrangement

How will a NAB 100% Offset arrangement change my deposit account?

6.1 You may apply to NAB to participate in the NAB 100% Offset arrangement. NAB may accept or reject your application at its discretion.

6.2 The NAB 100% Offset arrangement is only available on certain deposit and loan accounts specified by NAB. Unless NAB otherwise agrees, only one loan and one deposit account can be linked to the NAB 100% Offset arrangement.

6.3 An offset arrangement may not link a loan account with a deposit account which includes a name or names other than the name(s) in which the loan account is held.

6.4 While you have an offset arrangement, the following relevant terms override the provisions relating to the calculation and payment of interest applying to:

any linked deposit account, except while this account has a debit balance; and
your linked loan account, except if the credit contract relating to the linked loan account contains specific provisions relating to the calculation and payment of interest while you have an offset arrangement. If the exception applies, then those specific provisions, in addition to others, apply in respect of your linked loan account while you have an offset arrangement.

How will an offset arrangement change my deposit account?

6.5 While you have an offset arrangement, any linked deposit account will not earn any interest even if the credit balance of your account exceeds, or if there is more than one linked deposit account, the total credit balances of those accounts exceed, the unpaid balance of your linked loan account.

6.6 You or NAB may end the offset arrangement by giving seven days' notice to the other. However, if you default under your linked loan account, NAB may end the offset arrangement immediately by giving you a notice to this effect.

6.7 It is your responsibility to monitor the credit balance of the linked deposit account, or if there is more than one linked deposit account, the total credit balances of those accounts, as against the unpaid balance of your linked loan account to achieve the best results for you under the offset arrangement.

How will NAB 100% Offset change my loan account?

6.8 The daily interest charges which would otherwise be payable on a day under your linked loan account will be calculated by deducting the credit balance of the linked deposit account from the unpaid balance of your linked loan account at the end of the day and then applying the daily rate (being the annual percentage rate divided by 365) to the result.

6.9 If the credit balance of the linked deposit account exceeds the unpaid balance of your linked loan account at the end of a day, no interest will be charged under the loan for that day.

NAB Portfolio Facility 100% Offset arrangement

Am I eligible for a NAB Portfolio Facility 100% Offset arrangement, and if so, how do I apply?

6.10 NAB offers the NAB Portfolio Facility 100% Offset arrangement for certain types of accounts if you have a NAB Portfolio Facility or a NAB Private Portfolio Facility (the 'credit contract'). NAB may accept or reject your application to participate in the offset arrangement at its discretion. Contact NAB to find out whether the arrangement is available and to request to participate in it.

6.11 If you wish to apply to enter into a NAB Portfolio Facility 100% Offset arrangement, you must nominate one account, and may nominate up to 10 accounts, with credit balances including sub accounts under the credit contract with credit balances ('credit balance accounts') to be linked to one or more nominated sub accounts with an unpaid balance under the credit contract ('nominated loan account'). This is provided that:

(a) a variable interest rate applies to the nominated loan account;

(b) the accountholder of the credit balance account is the accountholder of the nominated loan account but, for the avoidance of doubt, an offset arrangement may not link a nominated load account with any credit balance account which includes a name or names other than the name in which the nominated loant account is held;

(d) each nominated loan account and its linked credit balance accounts together constitute an 'offset arrangement'.

How will a NAB Portfolio Facility 100% Offset arrangement change my accounts?

6.12 While you have a NAB Portfolio Facility 100% Offset arrangement, the following terms and conditions override the provisions relating to the calculation and payment of:

(a) interest on any credit balance account under an offset arrangement (except while it has an unpaid balance); and

(b) interest charges on the unpaid balance of any nominated loan account, except if the credit contract contains specific provisions relating to the calculation of interest while you have an offset arrangement. If the exception applies, then those specific provisions, in additon to others, apply in respect of your nominated loan account while you have an offset arrangement.

6.13 NAB calculates the daily interest charges on the unpaid balance of a nominated loan account under a NAB Portfolio Facility 100% Offset arrangement by:

(a) deducting the credit balance of the credit balance account, or total credit balance if there is more than one credit balance account, from the unpaid balance of the nominated loan account; and

(b) applying the daily interest rate (being the interest rate divided by 365) to the result.

If the total of the credit balance of the credit balance account exceeds the balance owing on the nominated loan account, then no interest charges are payable for that day.

6.14 While you have any NAB Portfolio 100% Offset arrangement, any credit balance account under the offset arrangement will not earn interest even if the credit balance of that account exceeds, or if there is more than one such account, the total credit balances of those accounts exceeds, the unpaid balance of hte nominated loan account under that offset arrangement.

6.15 If NAB agrees to your request to participate in a NAB Portfolio Facility 100% Offset arrangement, then:

(a) you may request to vary your participation in an arrangement at any time; and

(b) you or NAB may cancel your participation by giving 7 days' notice to the other.

6.16 If you default under the credit contract, NAB may cancel your participation immediately on giving you notice. Any NAB Portfolio Facility 100% Offset arrangement:

(a) may be terminated if you terminate the credit contract; and

(b) is immediately terminated if the credit contract is cancelled.

6.17 It is your responsibility to monitor the credit balance account as against the unpaid balance of your nominated load account to achieve the best results of the offset arrangement for you.

Payment facilities

7.1 Cheques

NAB provides cheque access to certain accounts. These accounts are listed in the Product Comparison Table. If you have cheque access to an account, the following terms and conditions apply:

7.1.1 General provisions

Each cheque must be completed properly and with due care so as to avoid fraudulent alteration and in accordance with the signing authority you give NAB.
When a cheque is drawn on your account, it will, when the cheque is handed to NAB:
1. be deemed to be a request by you to NAB to withdraw funds from your account for the amount shown on the cheque; and
2. NAB will pay those funds to the payee, endorsee, holder, bearer, depositor or presenter of the cheque or that person's bank.
If there are not enough 'cleared funds' in your account when the cheque is presented for payment, NAB may dishonour or pay the cheque at its discretion. This may result in your account being overdrawn.
The person signing the cheque must:
1. sign any alterations;
2. date the cheque with the date on which it was signed; and
3. complete the details.
You must notify NAB immediately on 13 BANK (13 22 65) if you have any cause whatsoever to suspect that a cheque drawn on your account has been forged or fraudulently altered in any way or has been drawn in whole or in part without authority from you.
You must take reasonable care and precautions to prevent unauthorised, stolen, forged or fraudulently altered or drawn cheques being presented to NAB.
You must keep cheque forms issued to you in a safe place and you must notify NAB immediately on 13 BANK (13 22 65) if they are lost, stolen or misused.
NAB may pay a cheque drawn on your account, even though it is a stale cheque within the meaning of the Cheques Act 1986.
NAB may pay a post dated cheque drawn on your account at any time before the date of the cheque arrives.

7.1.2 Stopping payment on a cheque

You may stop payment on a cheque before it has been paid by providing the cheque details required by NAB. To stop payment, immediately notify NAB by;
1. calling NAB on 13 BANK (13 22 65) ; or
2. notifying any NAB branch either in person or by phone.
If you advise NAB by phone, your written confirmation may be required.
NAB may charge a fee for stopping payment on a cheque, the amount and nature of which are detailed in NAB's brochure 'A Guide to Fees and Charges – Personal Banking Fees'.

7.1.3 Dishonouring cheques

Your cheque may (at NAB's discretion) be returned unpaid or 'dishonoured' in certain circumstances, such as where:

there are not enough available funds in your account or your overdraft limit is not enough to cover the cheque;
there is some irregularity or omission with your cheque, for example your cheque is unsigned, is more than 15 months old, has a date that has not yet arrived or has been materially altered (e.g. by a change for the amount originally stated on it) and you have not signed the alteration;
you have instructed NAB to stop payment of your cheque; or
NAB has received notice of your mental incapacity or of your death.

7.1.4 Crossing Cheques

A cheque with two parallel lines across it, with or without the words 'not negotiable' written between them, is a crossed cheque. When you cross a cheque, you are telling the bank that the cheque must be paid into an account with a financial institution and not cashed. If NAB does cash the cheque, it may be liable for any loss suffered by the true owner.
A crossing may be added by you when you make a cheque or by any person who obtains possession of your cheque.

7.1.5 'Not Negotiable' cheques

The words 'not negotiable' between two parallel lines across the face of a cheque mean that, where the cheque is transferred, the person who obtains the cheque has no greater rights than the person who transferred it to him or her.

For example, your cheque might be stolen and then passed on by the thief to another person. That person might then obtain payment of the cheque. In this case, if the cheque was crossed and marked 'not negotiable', the person from whom the cheque is stolen might recover the amount of the cheque from the person who obtains payment of the cheque, even though the person who has obtained payment may not have done anything wrong.

7.1.6 'Account payee only' cheques

If you write the words 'account payee only' on a cheque, you are warning the bank with which the cheque is deposited that the cheque should be paid only to the person named in the cheque as payee.
The words 'account payee only' do not prevent the transfer of a cheque.

7.1.7 'Or bearer' or 'order' cheques

The words 'or bearer' (except where the cheque is crossed), mean that a bank may pay the cheque to whomever is in possession of the cheque, not only the person named on the cheque, even if that person found or stole it, unless NAB has reason to suspect that the cheque might have fallen into the wrong hands. If you delete these words, the cheque becomes an 'order' cheque.
If the cheque is an 'order' cheque, then (except in cases where the cheque is crossed and must therefore be collected by a bank) the bank on which the cheque is drawn should only pay it:
1. to the named payee; or
2. to any other person to whom the named payee, by endorsing the cheque on the reverse side, has ordered it to be paid.

7.1.8 Unauthorised alteration of your cheques

When you write a cheque, you should take care to reduce the opportunity for forgery and fraud. You have a duty to complete the cheque so as not to mislead NAB or make it easy for someone else to alter your cheque.
Ways to assist you to correctly complete a cheque are:
1. do not leave gaps between the words or figures;
2. begin the amount in words as close as possible to the left hand side;
3. begin the amount in figures as close as possible to the dollar sign ($);
4. never write a cheque in pencil or ink that can be rubbed out;
5. never sign a cheque before it is used or filled out; and
6. always write the amount of the cheque in words as well as figures, because words are harder to alter without your authority.

7.1.9 When is a cheque 'cleared'?

You should allow a minimum of three banking days for a cheque that is deposited into your account to clear, after which time the funds are available to you.
Normally you will not be able to withdraw the value of a cheque you deposit until the cheque is cleared, even though your account will be immediately credited with the proceeds of the cheque. This rule also applies to cheques made payable to 'cash'.
If a cheque you have deposited is dishonoured NAB will advise you. NAB will also reduce the balance of your account by the amount of the cheque already credited.

7.1.10 Special clearance

You can arrange for a cheque to be cleared in less than the usual time by requesting a special clearance. Special Clearance fees are detailed in NAB's brochure 'A Guide to Fees and Charges – Personal Banking Fees'.

7.1.11 Third Party cheques

If you present a cheque which is payable to someone else or it appears to belong to someone else (third party cheque), NAB may, in its discretion, refuse to accept that cheque for deposit or refuse to cash it or may require you to comply with some conditions before it will accept that cheque for deposit or cash it.

7.1.12 Bank cheques

Bank cheques are cheques instructing payment from the bank itself rather than from a customer's account. They are designed to provide an alternative to carrying large amounts of cash when a personal cheque is not acceptable.

Bank cheques are usually requested because of the higher likelihood that they will be paid. However bank cheques should not be regarded as equivalent to cash.

Bank cheques can be purchased by NAB and non-NAB customers and a fee is charged. A bank may dishonour a bank cheque if:

the bank cheque is forged or counterfeit;
the bank cheque has been fraudulently and materially altered;
a fraud or other crime has been committed;
the bank is told the bank cheque has been lost or stolen;
there is a court order restraining the bank from paying a bank cheque;
the bank has not received payment or value for the issue of the bank cheque; or
a bank cheque is presented by a person who is not entitled to the cheque proceeds.

If a bank cheque is lost or stolen, NAB will, on certain conditions provide a replacement cheque for a fee.

7.2 Direct Debits

You may make regular payments to a third party (Debit User), by authorising the Debit User to debit your account with NAB. For eligible accounts refer to the Product Comparison Table.

7.2.1 General provisions

The Debit User will provide you with their direct debit request agreement. Only Debit Users approved by a financial institution can make these arrangements on your behalf.
The Debit User request may provide for the debiting of your account with any amount charged by the Debit User. You may, however, be able to limit the amount or ask that the charging be delayed until after the issuing of a billing advice to you. These arrangements are between you and the Debit User.

7.2.2 Disputed Debits

You must notify NAB as soon as possible if you suspect or believe that an amount debited to your account was unauthorised or otherwise irregular. Either visit your branch or call a Customer Service Representative on 13 BANK (13 22 65) from 8am-7pm Mon-Fri, or 9am-6pm on weekends (AEST/AEDT) , Saturday and Sunday.
NAB will promptly process your instruction.
If you lodge a written claim with NAB regarding a disputed amount, you should receive a response within seven banking days.
NAB suggests you also contact the Debit User. This may be especially helpful if you believe that an incorrect amount has been debited to your account.

7.2.3 Cancellation of direct debit authority

You may cancel your direct debit arrangements with a Debit User by calling NAB on 13 BANK (13 22 65) or visiting your branch and completing a cancellation request. If you advise NAB by phone, your written confirmation may also be required.
NAB will promptly process your instruction and stop further debits to your account. NAB will advise the Debit User of your request to cancel the authority. NAB suggests you also contact the Debit User. This may be especially helpful when resolving complaints about incorrect charges.
To arrange for a direct debit by the Debit User to be resumed on your account, you will need to contact the Debit User and you will also need to contact NAB and cancel the stop payment.

7.2.4 Non-payments

If there are insufficient cleared funds in your account to meet a direct debit payment, NAB may dishonour or pay the debit at its discretion. This may result in your account being overdrawn. In this situation, you may be charged default interest in accordance with clause 5.
You must monitor your accounts to ensure that you have sufficient funds to meet your direct debit arrangements. NAB will not notify you if a debit is dishonoured or otherwise not made.

7.2.5 Multiple authorities

If you have more than one direct debit arrangement with a Debit User on your account and you cancel one arrangement, this will automatically stop all debits from your account by that Debit User.
To arrange for other direct debits to continue on your account, you will need to contact the Debit User. You will then need to contact NAB and cancel the stop payment to allow the Debit User to continue to debit your account.

7.3 You must check your statements

Without limiting any part of these terms and conditions, you must promptly review your statement of account to check for and tell NAB of any transaction recorded on your statement that you suspect for any reason you did not authorise or for which the information recorded is incorrect. Failure to promptly report unauthorised transactions may increase your liability.

7.4 Indemnity

In the absence of a breach of any obligation owed to you, NAB will not be liable for any loss that you incur:

if NAB refuses to allow payment of a cheque or direct debit in good faith in the ordinary course of business; or
if a stop payment request is given too late to enable payment to be stopped; or
if NAB suffers any loss as a result of acting on your instructions in relation to a cheque or direct debit (such as processing a request to cancel a direct debit arrangement or stopping payment on a cheque or direct debit); or
as a result of you breaching any obligation you have in this clause.

Where NAB pays funds or suffers any loss under this clause, you must indemnify NAB. NAB will debit your account for the relevant amount.

8 How is the operation of the account governed?

8.1 Each accountholder is authorised to operate the account alone unless an authority is provided to NAB which specifies who is authorised to operate the account and whether they may do so alone or jointly.

8.2 When an accountholder authorises a person under clause 8.1, that person is authorised to do all of the following things:

give instructions in relation to cheques, withdrawals, periodical payment/debit authorities and, where nominated by the accountholder, electronic NAB services;
overdraw the account(s) to any extent permitted by NAB (NAB will treat casual overdrafts as applications for credit);
place money on term deposit, purchase certificates of deposit and receive repayment and interest;
sign, draw, make, accept, endorse, discount or make arrangements with NAB regarding bills of exchange, bank cheques, orders and other instruments;
give instructions about or otherwise deal with documents conferring a right to or insuring goods;
receive boxes, packets, deeds or documents;
apply for encashment/negotiation facilities and letters of credit upon terms acceptable to NAB, including the giving and enforcing of security and relieving NAB from liability;
enter into contracts with NAB for the sale or purchase of foreign currencies by NAB or NAB correspondents;
provide guarantees indemnities or declarations protecting NAB in relation to (i) missing documents conferring a right to or insuring goods; (ii) guarantees or undertakings by NAB in its favour or on its behalf; (iii) letters of credit; (iv) repurchase by NAB of bank / international cheques and other instruments.

8.3 In respect of any authority provided to NAB under clause 8.1, NAB may elect not to follow any instructions given under the authority if:

it is not satisfied that the person giving the instruction has authority (for example, if NAB is not satisfied that the signature on the instruction matches the specimen signature held);
in its opinion, the instructions are not clear;
NAB cannot authenticate or validate any information or documents relating to the account or service, a person who is authorised to transact on it, or the transaction; or
NAB is notified of a dispute between joint accountholders (in which case NAB may require all joint account holders or directors to sign any authority to operate this account).

8.4 In respect of any authority provided to NAB under clause 8.1, NAB may, by giving notice, override the authority and require that all or specific future transactions must be authorised by all accountholders

8.5 Any authority provided to NAB under clause 8.1 does not prevent NAB from complying with other valid accountholder instructions.

8.6 In relation to transactions to or from the account, you authorise NAB to disclose and collect information (including personal information) to and from other financial institutions, to the extent NAB considers this reasonably necessary.

9 What conditions apply to joint accounts?

9.1 If there are two or more of you, you will be treated as holding the account jointly and NAB may accept for credit to your account any cheque, payment order or bill of exchange that is not payable to all of you. This means that each accountholder has the right to all of the balance of the account, jointly with the other accountholders.

9.2 If any of you die, the account will be treated as the account of the survivor or survivors jointly.

9.3 Unless any of you request otherwise, NAB statements and notices (including notification of any variation to these terms and conditions) will be forwarded to the address of the first of you named on your account. In the absence of evidence to the contrary, you will all be deemed to have received any NAB statements and notices forwarded in accordance with the terms and conditions in this booklet. If we are legally obliged to, we will send statements and notices for each NAB FlexiPlus Mortgage account and each NAB Portfolio Facility/NAB Private Portfolio Facility sub account to each accountholder.

9.4 A joint accountholder may only make a withdrawal on the terms of any authority to operate on the account. If NAB is notified of a dispute between joint accountholders, NAB may require all joint accountholders to sign any authority to operate the account.

9.5 The liability of accountholders under an account held in joint names is joint and several. This means each and all of the accountholders are liable for the whole of any debit balance on the account.

9.6 Subject to any authority provided under clause 8.1, any one of the joint accountholders is authorised to open additional joint accounts or take out additional joint services.

10 NAB's right to combine or set-off accounts

NAB can combine or set-off the balance of two or more of any type of accounts, credit facilities or other products held by the accountholder with NAB, even if they are held at different branches or in joint names. This may happen when one of the accountholder's accounts is overdrawn or is in debit and another is in credit. For example, the credit balance in one account can be used to repay the debit balance in another account. NAB will promptly inform you if it has exercised this right and NAB need not give you notice in advance. The accountholder does not have a right of combination or set-off unless NAB has agreed.

11 NAB's right to combine or set off accounts

NAB may close your account at any time at its discretion. NAB will give you notice before closing your account, unless the account has a zero balance or is overdrawn at the time of closure. Where your account has a credit balance, before it is closed we will either take reasonable steps to return the balance to you or, where the relevant statutory requirements have been met, we may transfer the balance to the Commonwealth Government as unclaimed money.

11A Mistaken internet payments

If you receive a mistaken internet payment into your account NAB may be required to act in accordance with the ePayments Code. NAB's obligations under the ePayments Code are described in 51A.2 of Part E of this booklet in the paragraph "Our obligations if we are notified about a mistaken internet payment".

Part B General Matters – for all accounts, cards and services in this booklet

The following terms and conditions are in addition to the terms and conditions applying to all accounts, cards and services covered in this booklet.

12 Code of Banking Practice

12.1 NAB has adopted the Code of Banking Practice and relevant provisions of the Code apply to the accounts, cards and services included in this booklet, if you are an individual or a small business customer (as defined by the Code).

12.2 You can obtain from NAB upon request:

information on NAB's current interest rates and standard fees and charges relating to the accounts, products and services included in this booklet, if any;
general descriptive information concerning NAB's banking services including:
1. general descriptive information about cheques for accounts with cheque access;
2. account opening procedures;
3. NAB's obligations regarding the confidentiality of your information;
4. complaint handling procedures;
5. bank cheques;
6. the advisability of you informing NAB promptly when you are in financial difficulty;
7. the advisability of you reading the terms and conditions applying to each banking service NAB provides to you;
general descriptive information about:
1. the identification requirements of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006;
2. the options available to you under the tax file number legislation; and
a copy of the Code of Banking Practice.

12A Discretions

Where these terms and conditions confer a discretion on NAB, NAB will exercise that discretion reasonably and in accordance with its legitimate business interests.

13 Notice provisions

NAB will give you notice of changes to the accounts, cards and services included in this booklet as set out in the table below and you agree to receive notice in such ways.

13.1 Changes NAB may make

In addition to the other changes NAB may make to the terms and conditions in this booklet, which are detailed in this booklet, NAB may change any other terms and conditions (including by imposing new fees or charges, changing the amount, type or method of calculation of fees and charges payable). NAB will make any changes in accordance with any applicable legislation and industry codes. If you do not accept any change we make, you can ask NAB to close your account. You will need to pay any outstanding balance in order to do this.

13.2 How does NAB notify you of changes?

NAB will give you notice of changes to the accounts, card and services included in this booklet as set out in the table below and you agree to receive notice in such ways.

Type of Change	Method of Notification	Timeframe
Changes relating to Transaction and Savings Accounts in Part A
Introduction of a fee or charge	In writing or electronically	At least 30 days before the change takes effect
Changes to fees and charges	In writing, electronically or by media advertisement	At least 30 days before the change takes effect
Changes to interest rates	By media advertisement	No later than the day the change takes effect
Changes to the calculation of interest	In writing or electronically	At least 30 days before the change takes effect
Any other changes to the terms and conditions in Part A & B	In writing or electronically	At least 30 days before the change takes effect
Changes relating to the use of your card or card details in Parts C and D
Changes to the daily limit that can be withdrawn or transferred from your card	In writing or electronically	At least 20 days (or any longer period allowed by law) before the change takes effect
Changes to the time during which the daily limit applies to purchases and withdrawals of cash undertaken using a card or PIN	In writing or electronically	At least 20 days (or any longer period allowed by law) before the change takes effect
Changes to an increase in the accountholders liability for losses relating to EFT transactions	In writing or electronically	At least 20 days (or any longer period allowed by law) before the change takes effect
Changes to fees and charges (including the introduction or increase of charges relating solely to the use of your card or PIN or card account details or the issue of an additional or replacement card or PIN or card account details)	In writing or electronically	At least 30 days before the change takes effect
Any other changes to NAB Visa Debit terms and conditions in Part C and NAB Electronic Banking (Debit cards) terms and conditions in Part D.	In writing, electronically or by media advertisement.	No later than the day the change takes effect or as required under applicable laws and industry codes.
Changes relating to the use of NAB Internet Banking and NAB Telephone Banking in Part E
Any change to or imposition of a daily or other periodic transaction limit	In writing or electronically	At least 30 days before the change takes effect
Any change to the number and type of accounts on which a transaction may be made, or type of transactions that may be made	In writing or electronically	At least 30 days before the change takes effect
An increase in the accountholder's liability for losses relating to EFT transactions	In writing or electronically	At least 30 days before the change takes effect
Changes to fees and charges (including the introduction or increase of charges relating solely to the use of a NAB ID, authentication service or password or the issue of an additional or replacement NAB ID, authentication service or password)	In writing or electronically	At least 30 days before the change takes effect
Any other changes to the terms and conditions in Part E	In writing or electronically	At least 30 days before the change takes effect
In relation to changes to NAB Internet Banking and NAB Telephone Banking, to the extent permitted by any applicable legislation and industry codes, NAB reserves the right not to give advance notice when changes are necessitated by an immediate need to restore or maintain the security of NAB's systems or individual accounts.
General Notification Provisions
Changes to government fees and charges	In writing, electronically or by media advertisement	As soon as practicable after, but no later than three months after the change takes effect.

13.3 How do you notify NAB of changes?

Type of Change	Method of Notification	Timeframe
Change of Address (including nominated electronic address)	In writing, in person at any NAB branch, via NAB Internet Banking or by calling us on 13 BANK (13 22 65)	As soon as possible
Notices, certificates, consents, approvals and other communications in connection with these terms and conditions (eg. cancellation of a card)	Electronically using the service or in writing, in person at any NAB branch or by calling us on 13 BANK(13 22 65)	As soon as possible

13.4 Electronic communication

If you are a NAB Internet Banking user:

Subject to clause 13.6(a), notices, statements, certificates, consents, approvals and other communications in connection with the terms and conditions in this booklet from NAB, may be given electronically:
1. by electronic means, including by SMS or electronic mail to your nominated electronic address; or
2. by being made available at NAB's website using the service.
Where communications are made available using the service, NAB will
1. promptly notify you by any electronic means, including SMS, or by electronic communication to the last relevant contact details notified or otherwise agreed that information is available for retrieval at NAB's website using the service; and
2. provide you with the ability to readily retrieve the information from NAB's website using the service.

13.5 If you are not a NAB Internet Banking user and:

Subject to clause 13.6, notices, statements, certificates, consents, approvals and other communications in connection with the terms and conditions in this booklet may be given by any electronic means, including by SMS or electronic mail, to your nominated electronic address. You may not receive paper documents if you agree to receive information electronically. NAB may notify you that information is available electronically (including SMS or electronic mail). You must check electronic communications regularly.
If documents or communication is given by electronic means, NAB may not give you notice in other ways (eg. in writing).
You may change your nominated electronic address or withdraw your agreement to receive notices by electronic means by giving NAB notice.

13.6 For the purposes of clauses 13.4 and 13.5:

You may request a paper copy of a communication given electronically within six months of the electronic copy being received or made available.
A communication is deemed to be received when the communication enters the recipient's designated information system or is capable of being viewed from a recipient's computer, and is effective when received even if no person is aware of its receipt.
For the purposes of communications sent by electronic mail and the Electronic Transactions Act, the server on which the mailbox for the designated address resides is to be taken to be the recipient's designated information system.
A communication is deemed to be sent from where the sender has their place of business and is deemed to be received where the recipient has their place of business. For the purposes of this clause:
1. if the sender or recipient has more than one place of business, the place of business is the sender's or recipient's principal place of business; and
2. if the sender or recipient does not have a place of business, the place of business is the sender's or recipient's usual place.

14 Complaints

For information about resolving problems or disputes, contact NAB on 1800 152 015, or visit any NAB branch.

NAB has available on request information about the procedures for lodging a complaint. For more details about our internal dispute resolution procedures please ask for our complaints resolution brochure.

If you subsequently feel that the issue has not been resolved to your satisfaction, you may contact our external dispute resolution scheme. External dispute resolution is a free service established to provide you with an independent mechanism to resolve specific complaints. Our external dispute resolution provider is the Financial Ombudsman Service and can be contacted at:

Telephone:	1300 780 808
Email address:	info@fos.org.au
Website:	www.fos.org.au
Postal address:	GPO Box 3 Melbourne VIC 3001 Australia

15 Can NAB elect not to apply a fee or charge?

NAB may, at its discretion, waive any fee or charge to your account to which it is entitled. The failure by NAB to collect any fee or charge which applies to your account does not give rise to a waiver of that fee or charge in the future.

16 Governing law

The terms and conditions in this booklet and the transactions contemplated by these terms and conditions are governed by the law in force in Victoria and each party irrevocably and unconditionally submits to the non-exclusive jurisdiction of those courts.

Part C NAB Visa Debit card terms and conditions

The following terms and conditions apply to the use of NAB Visa Debit cards with NAB Classic Banking, NAB Gold Banking⁵and NAB Retirement Account. In addition to the terms and conditions in this Part C, the terms and conditions in Part B of this booklet also apply to your NAB Visa Debit card.

Where we refer to use of or using your NAB Visa Debit Card, this includes use of or using your card details as well where relevant. Please read the definition of 'use' in Part C of the Definitions and Interpretation of this booklet for more information.

17 Eligibility criteria

17.1 The NAB Visa Debit card is available to persons over the age of 16 years.

17.2 Where the NAB Visa Debit cardholder is under 18 years of age but older than 16 years of age, a parent/guardian must be a joint accountholder to any eligible account linked to the NAB Visa Debit card. In addition to their responsibility as a joint accountholder, the parent/ guardian is also responsible to NAB for any use of the NAB Visa Debit card including any purchases and cash withdrawals until the NAB Visa Debit cardholder reaches the age of 18 years.

18 When do these NAB Visa Debit card terms and conditions apply?

18.1 The terms and conditions set out in Part C apply when you accept them by using your NAB Visa Debit card or card details. However, clause 27 applies immediately when you request a NAB Visa Debit card and you will be charged the applicable card fee.

19 NAB Visa Debit card

19.1 Any NAB Visa Debit card issued by NAB to you is for use on your NAB Visa Debit account.

19.2 The NAB Visa Debit card remains the property of NAB.

19.3 NAB may at any time issue a new NAB Visa Debit card to you for use subject to these terms and conditions.

19.4 You are responsible for each purchase and cash withdrawal made using your NAB Visa Debit card. This is so whether the purchase or cash withdrawal is made at your request or by the authorised use of your NAB Visa Debit card. There are limits on your liability for unauthorised use set out in clause 24 and 25.

19.5 You are responsible for the security of any NAB Visa Debit card and card details issued to you. Any NAB Visa Debit card issued to you is for your use only. You are responsible for keeping your NAB Visa Debit and card details card in a safe place and providing protection from theft and misuse.

Additional NAB Visa Debit cards

19.6 If requested by you, NAB may issue a NAB Visa Debit card to any person who is 16 years of age or older whom you have authorised to operate your NAB Visa Debit account.

19.7 You are responsible to NAB for the operation by an additional NAB Visa Debit cardholder of the NAB Visa Debit card (and card details) issued to them and your NAB Visa Debit account. NAB does not impose any joint or several liability on the additional NAB Visa Debit cardholder. You are liable to NAB if an additional NAB Visa Debit cardholder does not comply with these terms and conditions.

19.8 For this reason, you should ensure that any additional NAB Visa Debit cardholder receives a copy of these terms and conditions. The additional NAB Visa Debit cardholder should read and understand the terms and conditions set out in Parts C, D and where applicable, Part E.

5 This includes transaction accounts that form part of a NAB Choice or NAB Private Tailored package. Note that for transaction accounts that form part of a NAB Choice or NAB Private Tailored package, a NAB Visa Debit card cannot be issued to a Business customer.

19.9 An additional NAB Visa Debit cardholder is able to operate your NAB Visa Debit account in every way that you are able to. For example, the additional NAB Visa Debit cardholder may:

make purchases and obtain cash withdrawals; and
access any financial information about your NAB Visa Debit account (including the available balance of your NAB Visa Debit account, copies of statements of account and information relating to transactions made by you or any additional NAB Visa Debit cardholder or other additional NAB Visa Debit cardholders).

19.10 Subject to the terms and conditions of any electronic banking facility, if you authorise an additional NAB Visa Debit cardholder to operate your NAB Visa Debit account and they have a Personal Identification Number (PIN) or other identifying number or password for use in relation to the additional NAB Visa Debit card (and card details) or the NAB Visa Debit account, the additional NAB Visa Debit cardholder can access your NAB Visa Debit account through use of their NAB Visa Debit card (and card details) and PIN or other identifying number or passwords.

19.11 You can revoke the authority of an additional NAB Visa Debit cardholder to operate your NAB Visa Debit account if you:

give NAB a notice requesting the authority be revoked or otherwise request NAB in a manner acceptable to NAB that you wish this to be done; and
take all reasonable steps to return any current additional NAB Visa Debit card to NAB or otherwise destroy the additional NAB Visa Debit card by cutting it diagonally in half.

If you request NAB to revoke the authority of an additional NAB Visa Debit cardholder, you must immediately notify the additional NAB Visa Debit cardholder of your request.

19.12 If you make a request to revoke the authority of an additional NAB Visa Debit cardholder to operate your NAB Visa Debit account in accordance with clause 19.11, you are responsible for:

transactions generated by use of an additional NAB Visa Debit card and card details until you have made the request; and
transactions generated by use of an additional NAB Visa Debit card and card details which are processed to your NAB Visa Debit account after NAB receives your request.

Use of NAB Visa Debit card and card details

19.13 A NAB Visa Debit card may be honoured by financial institutions and merchants displaying a sign or card promotional material that identifies the Visa card scheme. This does not mean that all goods and services available at those premises may be purchased by use of a NAB Visa Debit card.

19.14 You may be able to use your NAB Visa Debit card details through an electronic banking facility. This includes when the NAB Visa Debit card details are used at a merchant by mail, telephone order or through the Internet to pay for goods or services. In this instance:

use of your NAB Visa Debit card details through an electronic banking facility will be subject to the terms and conditions of the electronic banking facility; and
where the terms and conditions of Part C conflicts with those of the electronic banking facility's terms and conditions, the electronic banking facility terms and conditions will prevail.

19.15 You should ensure that the transaction amount is correct before:

you sign vouchers or transaction records given to you by merchants or a financial institution; and
you enter your PIN or other identifying number or password at an electronic banking facility.

NAB relies on your signature on a voucher or transaction record or the entry of your PIN as authority to debit the amount shown.

19.16 NAB is not responsible for goods or services supplied to a cardholder, and any complaint must be resolved with the merchant. In some circumstances, NAB may be able to lodge a claim to request a refund for you under the card scheme's rules for disputed transactions. Details about chargeback rights and the procedures for disputing transactions are described in clause 25.

19.17 A NAB Visa Debit card transaction cannot be changed. It is an unchangeable order by you to NAB to process the transaction. You may not request NAB to alter or stop payment on the transaction. To cancel periodical debits authorised to be made by your NAB Visa Debit card you must contact the merchant and give directions to cancel them.

19.18 Your NAB Visa Debit card must not be used for any unlawful purpose, including the purchase of goods or services, prohibited by any law in the cardholder's jurisdiction.

19.19 NAB may temporarily block the use of your NAB Visa Debit card where it has reason to suspect inappropriate, unauthorised or unlawful activity on your NAB Visa Debit card. NAB will endeavour to contact you in this event.

19.20 You are encouraged to maintain a record of any regular payment arrangement you elect to enter into with a merchant.

A regular payment arrangement includes regular direct debits, regular recurring payments and instalment payments from a debit card. Instalment payments are regular payments over a set period of time.

To either change or cancel any regular payment arrangement you should contact the merchant at least 15 days prior to the next scheduled payment. Until you attempt to cancel the regular payment arrangement NAB must accept the merchant's transaction. If possible, you should retain a copy of your change/cancellation request. If the merchant fails to act in accordance with these instructions you may have the rights to a dispute.

20 Limits on use of your NAB Visa Debit card and card details

20.1 A NAB Visa Debit card may not be accepted unless it carries your signature and is used during the validity-period shown on your card.

20.2 The available balance of your NAB Visa Debit account will be reduced by the amount of:

any transaction for which a merchant seeks authorisation even if the transaction is not completed at the time of the authorisation. This authorisation is for the purpose of establishing that there are sufficient funds available in your NAB Visa Debit account for the transaction. This authorisation may be completed for a transaction that occurs at a later time such as hotel accommodation; and
any debit to your NAB Visa Debit account under clause 21.1 except to the extent that the relevant transaction has already led to a reduction in the amount of available balance.

20.3 All purchases and cash withdrawals made using a NAB Visa Debit card through the Visa card scheme are limited to the available balance of your NAB Visa Debit account.

20.4 A cash withdrawal cannot be made using card details or card at a contactless reader.

20.5 Transaction limits apply to the use of a card details or a card to make a purchase at a contactless reader. NAB will notify you of any such limit if your card is capable of making contactless purchases.

21 Processing of transactions by NAB

21.1 Your NAB Visa Debit account will be debited with, and you agree to pay to NAB:

each purchase;
each cash withdrawal; and
fees and charges

payable under the terms and conditions in Part C.

21.2 In the absence of evidence to the contrary:

the amount shown on a sales voucher or any other evidence of a purchase is sufficient evidence of the purchase; and
the amount shown on a cash withdrawal voucher, receipt or any other evidence of a cash withdrawal is sufficient evidence of the cash withdrawal; and
the above applies regardless of whether the voucher or other evidence is signed by you.

22 NAB may assign any date it considers appropriate to a debit or credit to your NAB Visa Debit account or may adjust any debit or credit for the purposes of correction.

23 Statements and currency conversion

23.1 NAB will give you a statement for your NAB Visa Debit account as set out in Part A.

23.2 If your NAB Visa Debit card or card details are used to make transactions in a foreign currency, the way amounts are converted to Australian dollars for listing on your statement is set out below:

Purchases, cash withdrawals, refunds and any other charges, incurred in currencies other than Australian dollars are converted to Australian dollars (directly from United States, Canadian, New Zealand and Singapore dollars, pound sterling, euros and Japanese yen or, if in a currency other than these currencies, first to United States dollars) as at the dates they are processed by Visa International using exchange rates determined by them. The exchange rates used by Visa International to convert a foreign currency transaction to Australian dollars are wholesale market rates selected by Visa International from within a range of wholesale rates or the government–mandated rate, in effect one day prior to the Visa International Central Processing Date. The converted Australian dollar amount appears on your statement as the transaction amount.
A NAB Foreign Currency Transaction Fee is charged to your NAB Visa Debit account for purchases and cash withdrawals and calculated on the converted AUD transaction amount shown on your statement. The NAB Foreign Currency Transaction Fee includes a fee charged by Visa to NAB (and on charged by NAB to you).

(Note: Refunds incurred in currencies other than Australian dollars are converted to Australian dollars as at the date they are processed by Visa International using exchange rates determined by them. This often results in the refund being converted using an exchange rate different from the one used to convert the original purchase or cash withdrawal.)

24 Lost/stolen cards

24.1 Notification procedure

If a NAB Visa Debit card or card details is lost or stolen you must immediately notify NAB using the telephone number referred to in the 'Lost/Stolen Cards/Compromised Personal Identification Numbers (PINs)' details under Summary of Important Information at the front of this booklet, or any other means NAB makes available to you. Where requested, you must give NAB all the information you have about how the loss occurred.

24.2 Your liability

You remain liable for any cash withdrawal or purchase made by any other person before you notify NAB of the loss or theft up to a maximum of:

in relation to all the uses of the NAB Visa Debit card through an electronic banking facility – the amount determined under the terms and conditions for the electronic banking facility (if any);
in relation to all other uses of the NAB Visa Debit card, a total amount of $150.

24.3 Despite notifying NAB of an event described in clause 24.1, you remain liable for any cash withdrawal or purchase made by you.

24.4 Emergency card replacement

If your NAB Visa Debit card is lost or stolen while you are overseas, you may request a NAB Visa Debit Emergency Card for use until your permanent replacement card is received. You remain liable and responsible for the proper use of the NAB Visa Debit Emergency Card and any transactions made using the NAB Visa Debit Emergency Card or its card details.

24.5 New card details to your Merchants

If your NAB Visa Debit card details are changed ie. as a result of a lost or stolen card you must request the merchant to change the details of your existing regular payment arrangement to ensure arrangements continue. If you fail to undertake this activity your regular payment arrangement either may not be honoured by NAB or the merchant may stop providing the goods and/services.

25 Disputed transactions

25.1 A disputed transaction may include:

an unauthorised NAB Visa Debit card transaction – a transaction which you believe was not authorised by use of your NAB Visa Debit card or card details.
a general dispute – a transaction which you wish to dispute. This may include a transaction which has been processed to your NAB Visa Debit card more than once, or a transaction which was authorised by the use of your NAB Visa Debit card which you wish to dispute.

Despite notifying NAB of a disputed transaction you remain liable for any cash withdrawal or purchase made by using your NAB Visa Debit card.

25.2 Notification procedure for disputed transactions

You should immediately notify NAB of any disputed transaction.

NAB recommends that you promptly read each statement carefully as soon as you receive it. If applicable you may also wish to check your current transaction history via NAB Internet Banking or NAB Telephone Banking.

Use the telephone number printed on your statement or on the back of your NAB Visa Debit card to report the disputed transaction. You must give NAB any information you have about how the disputed transaction occurred. NAB may require you to confirm details in writing.

25.3 Chargeback rights

The Visa card scheme has a dispute resolution process that is contained in its operating rules. This process sets out specific circumstances and timeframes in which a member of the scheme (e.g. a financial institution) can claim a refund in connection with a disputed transaction on your behalf. This is referred to as a 'chargeback right'.

This 'chargeback right' does not apply to transactions at EFTPOS terminals accessing your nominated account using the 'savings' or 'cheque' option.

NAB's ability to investigate any disputed transaction on your NAB Visa Debit card, and subsequently process a chargeback is restricted by the time limits imposed under the operating rules for the Visa card scheme.

While your dispute is being investigated by NAB, the value of the disputed transaction will be withheld against your NAB Visa Debit account until the dispute is resolved.

25.4 Timeframes for notifying NAB

The ability of NAB to dispute a transaction on your behalf (where a chargeback right exists) may be lost if you do not notify NAB within the required timeframes.

For this reason, it is in your interest to report any disputed transaction to NAB immediately and certainly no later than 75 days after the date of transaction on your receipt.

Where it can be shown that you have unreasonably delayed notifying NAB, you may be liable for the loss on any disputed transaction.

25.5 Timeframes for NAB to process a chargeback right where a chargeback right exists

NAB will process a chargeback for you when you have notified NAB of the disputed transaction within the required time frame, as described in clause 25.4.

The timeframes for NAB to process a chargeback vary between 75 days and 120 days depending on the type of disputed transaction.

NAB will not accept a refusal of a chargeback by a merchant's financial institution unless it is consistent with the relevant Visa card scheme rules.

25.6 Electronic transactions

If the ePayments Code is applicable to a disputed transaction, the timeframes as specified in clause 25.4 may not apply in certain circumstances.

The procedures for resolving disputed electronic transactions are set out in the terms and conditions of the electronic banking facility.

26 Cancellation of your card

26.1 Cancellation by NAB

NAB may cancel your NAB Visa Debit card at any time without notice. Examples of where NAB may do this include, where you have reported a fraudulent transaction using your card or card details, where the account is inactive, or where NAB reasonably believes that the continued use of your card may cause loss to NAB or you. These examples are for guidance only and do not limit NAB's ability to cancel your card for another reason.

The NAB Visa Debit card or card details may not be used after it is cancelled or your NAB Visa Debit account is closed. When NAB gives you notice of the cancellation you must destroy or return the NAB Visa Debit card to NAB and to take reasonable steps to prevent your card details from being used.

26.2 Cancellation by you

You may cancel your NAB Visa Debit card if you:

notify NAB using a notice method set out in clause 13, requesting that the NAB Visa Debit card be cancelled.
destroy or return your current NAB Visa Debit card to NAB and take reasonable steps to prevent your card details from being used.

You will remain liable for any transactions using your NAB Visa Debit card or NAB Visa Debit card details prior to your NAB Visa Debit card or NAB Visa Debit account being closed. NAB may seek to recover these funds from you.

NAB may refuse to authorise any transactions on your NAB Visa Debit card made after receiving your request to cancel your NAB Visa Debit card.

26.3 Regular payment arrangements (including direct debits)

If your NAB Visa Debit card is cancelled under clause 26.2, you must cancel any direct debits authorised using your NAB Visa Debit card details.
If you elect to close your NAB Visa Debit account or your NAB Visa Debit account is closed by NAB you should contact the merchant to revise your regular payment arrangement as the merchant may stop providing the goods and/or services.

26.4 Terms and conditions continue after cancellation

The terms and conditions in Part C will continue after a NAB Visa Debit card is cancelled under clause 26 or your NAB Visa Debit account is closed and until any outstanding amounts to be debited to your NAB Visa Debit account are paid (whether the amounts are accrued or charged before or after the cancellation of your card or closure of your NAB Visa Debit account).

27 Fees and charges

NAB may debit your NAB Visa Debit account with fees applicable to the NAB Visa Debit card and other standard fees, the amount and nature of which are detailed in NAB's brochure 'A Guide to Fees and Charges – Personal Banking Fees'. Any fees and charges paid by you are not refundable.

28 Miscellaneous

Parties other than NAB may from time to time offer certain goods and services to you:

free of charge; or
at a particular price,

in connection with your NAB Visa Debit card. NAB is not responsible for any of these goods or services, or the failure of such a party to provide or perform such goods or services.

Part D NAB Electronic Banking (Debit cards) terms and conditions

The rights and obligations outlined in this Part D comply with both the ePayments Code and the Code of Banking Practice. In addition, the terms and conditions in Part B of this booklet apply to any use of NAB's electronic equipment as set out in the terms and conditions in this Part D.

29 Application of NAB Electronic Banking (Debit cards) terms and conditions

29.1 When do these NAB Electronic Banking (Debit cards) terms and conditions apply?

These terms and conditions are binding on you from whichever of the following occurs first:

in relation to a card, by applying for the card to be issued and linked to any nominated account; or
the accountholder or any cardholder conducts an EFT transaction on any nominated account; or
subject to clause 29.1(d) any cardholder receives their card; or
in relation to a NAB Visa Debit card, upon receipt of the card details and/or card or card account details, whichever is received first.

However, note clause 34.5 and the guidelines on security in clause 34.6 apply immediately upon receipt of the PIN.

29.2 Terms and conditions relating to EFT transactions

These terms and conditions apply to EFT transactions on your nominated accounts. These include, but are not limited to, EFT transactions initiated by you:

at NAB ATMs using your card and PIN;
at ATMs provided by other institutions using your card and PIN;
at EFTPOS facilities provided by merchants using your card and PIN;
using your card account details through other electronic equipment;
where a NAB Visa Debit card is used through a 'swipe-only' device that does not require a manual signature; and
at a contactless reader using a NAB Visa Debit card or card details.

29.3 Other terms and conditions

Separate terms and conditions exist for:

NAB Visa Debit cards issued by NAB - the terms and conditions for which are detailed in Part C of this booklet.
any of the nominated accounts, which can be accessed using your card.

If there is any inconsistency between the terms and conditions in this Part D and the terms and conditions applying to your NAB Visa Debit card or nominated account, these NAB Electronic Banking (Debit cards) terms and conditions apply to the extent any inconsistency exists in respect of EFT transactions, except for notice of cancellation or revocation of any electronic banking facility.

30 Limits on EFT transactions

30.1 Nominated accounts

Your card details and/or card and/or PIN (or your card account details) enable transactions to be made on any NAB accounts which you have nominated for use with NAB's card based electronic banking facilities.

30.2 Number and type of accounts

There is a limit to the number and type of accounts which can be accessed using NAB's card based electronic banking facilities. Some types of electronic equipment may not allow access to all types of accounts.

NAB Visa Debit cardholders

NAB will nominate your NAB Visa Debit account as your first main account. You may also nominate an additional main account being either one main cheque or one main statement savings account, including home loan and personal loan accounts.
You may also nominate three other cheque or statement savings accounts as nominated account(s).
EFTPOS terminals permit access to your nominated account(s) and will debit a transaction to one of your nominated account(s) being a Visa Debit, cheque or savings account. That is, an individual EFTPOS transaction must be debited to one account, although a separate transaction may be debited to another designated 'main account'.

NAB Debit cardholders

You may nominate two main cheque or two main statement savings accounts, including home loan and personal loan accounts as your main account(s).
You may also nominate three other cheque or statement savings accounts as nominated account(s).
EFTPOS terminals permit access to your nominated account(s) and will debit a transaction to one of your nominated account(s) being a cheque or statement savings account. That is, an individual EFTPOS transaction must be debited to one account, although a separate transaction may be debited to another designated 'main account'.

30.3 Amounts withdrawn or transferred

NAB reserves the right to limit the amount which may be withdrawn or transferred from a nominated account by way of certain EFT transactions.

A 'daily' limit applies from midnight to midnight Australian Eastern Standard Time or Australian Eastern Standard Summer Time (whichever is applicable).

NAB Debit cardholders

A daily limit applies to all purchases and withdrawals of cash undertaken using your card and PIN.

NAB Visa Debit cardholders

A daily limit applies to all ATM cash withdrawals or to the cash component of a transaction made at an EFTPOS terminal under clause 31.3.

You will be advised of these specific limits when issued with your card, and you will be subsequently advised of any change to these limits. The limits advised by NAB are not an undertaking by NAB to limit the amounts withdrawn or transferred by use of NAB's card based electronic banking facilities. However, the advised limit does limit your liability for unauthorised transactions (see clause 34).

30.4 Valid and irrevocable authority

Your use of a card details and/or card, card account details or PIN through electronic equipment to initiate an EFT transaction is an unchangeable order to NAB to process the EFT transaction. Neither a cardholder nor an accountholder may request NAB to stop or alter the EFT transaction. However, the accountholder's liability for the EFT transaction could be limited in terms of clause 34.

31 Card based electronic banking facilities

31.1 NAB ATMs

Subject to the terms and conditions applying to your nominated account, your card and PIN enable you to use NAB's ATMs as determined by NAB.

NAB's ATMs allow you to withdraw or transfer funds between all nominated accounts, obtain a record of recent transactions, order a repeat statement and check your account balances. Some NAB ATMs may also allow you to deposit funds into a nominated account and to change your PIN.

It is your responsibility to familiarise yourself with the correct use of ATMs. If you are unsure or require assistance in the operation of the ATM, please seek assistance from NAB's branch staff or contact NAB using the Customer Service details in Summary of Important Information at the front of this booklet.

31.2 ATMs provided by other institutions

ATMs provided by other institutions accepting cards may allow you to withdraw funds and check your designated main nominated account(s) balances. Institutions providing other ATMs accepting cards may impose their own fees and restrictions on the operation of the cards with their ATMs including limits to the amounts which may be withdrawn. NAB accepts no responsibility for such fees and restrictions.

31.3 EFTPOS terminals provided by merchants

EFTPOS terminals allow you to pay for purchases and may allow the option of withdrawing extra cash from your designated main nominated account(s) at certain locations. Merchants providing EFTPOS terminals accepting cards may impose their own fees and restrictions on the operation of the cards with their EFTPOS terminals including limits to the amounts which may be withdrawn. NAB accepts no responsibility for such fees and restrictions.

31.4 Other transactions through electronic equipment

The merchant or other person may impose their own restrictions on these EFT transactions (such as a purchase at a merchant using a contactless reader). Contactless readers give you the option of making purchases up to the limit notified to you by NAB. NAB has no control over whether a merchant will accept this form of contactless purchase. The merchant or other person may impose their own restrictions on these EFT transactions.

NAB accepts no responsibility for any such restrictions in connection with any such transactions through electronic equipment.

31.5 Functionality

The processing of an EFT transaction to a particular account will depend on the functionality of the electronic equipment (for example an overseas ATM may process a transaction to a nominated account(s) which you did not seek to initiate).

NAB accepts no responsibility for this differing functionality.

31.6 Fees

Fees may apply to any EFT transaction you undertake with NAB's card based electronic banking facilities, the amount and nature of which are detailed in 'A Guide to Fees and Charges – Personal Banking Fees'.

32 Operation of card based electronic banking services

32.1 Receipts

It is desirable for you to retain or record receipts to verify your account statements;
The issuing of a receipt by an EFTPOS terminal or ATM may be accepted by NAB as evidence that the transaction has been performed. This condition does not apply to deposits lodged in ATMs (see clauses 33.1 and 33.2).
When making a contactless purchase you must check the correct amount of the purchase is displayed on the contactless reader or on the merchant register.

32.2 Statements

For all nominated accounts, a statement is issued in accordance with the terms and conditions for the nominated account(s).
For the purposes of preparing statements, NAB reserves the right to show an EFT transaction as having been carried out on the next or subsequent banking day(s) after the day the transaction was made.

32.3 Review statements of account

You should always review your statement and bring to NAB's attention any discrepancies, errors or unauthorised transactions as soon as possible. If you wish to dispute an EFT transaction, you must report this to NAB. Please refer to the Customer Service details in Summary of Important Information at the front of this booklet.

32.4 Discrepancies in cash delivered by an ATM

When withdrawing cash from an ATM, you should immediately check that the correct sum has been delivered. If there is a discrepancy between the amount of cash delivered by an ATM, and the amount shown on the receipt, report the facts as soon as possible to NAB. Please refer to the 'ATM emergency' details in Summary of Important Information at the front of this booklet.

32.5 Cards

Remember to take proper care of your card and card details. Do not keep your card in contact with other cards that have a magnetic strip. Magnetic strips can react with each other and if this occurs your card may no longer operate an ATM or EFTPOS terminal.

Your card is issued with validity dates denoting month and year eg. 06/16 is June 2016. The commencing date is the first day of the month, the expiry date the last day of the month. Cards are not valid before or after these dates.
Expired cards must be destroyed.
Your card remains the property of NAB. You must return the card to NAB or destroy the card by cutting it vertically in half through its magnetic strip upon:
1. notice from NAB cancelling your card; or
2. closure of all your nominated accounts; or
3. revocation of authority to operate your nominated accounts by means of your card.
Your card may be confiscated by an ATM if you repeat invalid PIN entries. The number of additional entries allowed after the first invalid entry may be varied at NAB's discretion and is not subject to any prior notice.

32.6 EFTPOS terminal malfunction

In the event of an EFTPOS terminal malfunction or failure, the merchant may provide alternative manual procedures to enable a transaction to be made. You will be required to present your card for imprinting of a transaction voucher, indicate one of the main nominated accounts, and sign the transaction voucher. (The procedure is similar to that used for paper voucher credit card transactions.) NAB reserves the right to vary the manual procedure at any time.

If you have indicated on the paper voucher that a main nominated account is to be debited, and that account is closed or has insufficient funds available, NAB may redirect the debit entry to the other main nominated account without notice to you.

32.7 Merchants

NAB will not be liable for the refusal of any merchant to accept a card details and/or card, or card account details.

Any complaints concerning goods and services purchased must generally be resolved with the merchant. In some circumstances we may be able to lodge a claim to request a refund for you under the card scheme's rules for disputed transactions. Details about chargeback rights and the procedures for disputing transactions are described in clause 25.

32.8 Promotional material

Promotional material referring to NAB's card based electronic banking facilities that is displayed on or in any premises, is not to be taken as a warranty by NAB, or by the merchant carrying on a business in those premises, that all goods and services may be purchased by means of an EFT transaction. You also accept that the use of your card details and/or card and card account details may be subject to other limitations imposed by the merchant.

33 Deposits

33.1 Cash deposits at ATMs

When making a cash deposit at an ATM you should be aware that such deposits may not be credited to your account immediately.

A cash deposit lodged in an ATM is subject to verification and at NAB's discretion may not be credited to your account until the following banking day. Deposits lodged will be credited into your account within two banking days'.

In the event of a discrepancy between the deposit value determined by NAB and the amount recorded by the ATM, the accountholder will be promptly advised of the actual amount which has been credited to the nominated account. Remember to include the ATM deposit advice in the envelope with the deposit, as failure to do so may delay funds being credited to your account. NAB reserves the right to correct or reverse any such deposit transaction.

NAB will accept responsibility for the security of your deposit correctly lodged at an ATM which offers depositing services, subject to verification of the amount deposited.

You should keep all records associated with a deposit that you make via an ATM until the deposit is verified and recorded on your account statement. Where the claimed deposit is not available for verification following forceful removal of the ATM or other criminal act, NAB requires you to reasonably substantiate the value of your claim.

33.2 Deposits in the form of cheques

If you make a deposit in the form of, or including a cheque, the funds of the cheque are not available for withdrawal until the cheque reaches the paying bank and NAB is guaranteed payment. (This condition applies to deposits made through an ATM or at a branch of NAB.) In the event of a discrepancy between the value of cheques deposited, as determined by NAB and your deposit claim, NAB will inform you. NAB reserves the right to correct or reverse any such deposit transaction.

Because of the requirements of NAB's systems, NAB reserves the right to place a 'hold' on the full amount of a deposit which includes a cheque.

For example, where a deposit includes cash and one or more cheques, the hold applies to the cash component as well as to the value of cheques.

Holds are normally applied for three banking days, and transactions requiring use of these funds may be refused within this period.

Therefore, if you wish to deposit cash and expect to withdraw against the sum of that cash within the three day period, you are advised to deposit the cash separately from the cheques. (That is, make two deposit transactions.)

NAB will not be responsible for any claim or refusal of a transaction if this condition is disregarded. You are entitled to enquire at any branch of NAB if holds are to be applied to any deposit.

Subject to clause 34, you, the cardholder, agree to indemnify NAB against all claims or liabilities it may incur as a consequence of it collecting a cheque of which you are not the true owner.

34 Responsibilities and liabilities

34.1 Your responsibilities with respect to the card and card details

You must:

sign your card immediately on receipt;
keep your card in a safe place, and provide reasonable protection for the card and card details from theft;
notify NAB should your card or card details be lost or stolen (refer to the 'Lost/Stolen Cards Compromised Personal Identification Numbers (PINs)' details in Summary of Important Information at the front of this booklet, or any other means NAB makes available to you.);
advise any change of address (refer to Customer Service details in Summary of Important Information at the front of this booklet);
use your card in accordance with these NAB Electronic Banking (Debit cards) terms and conditions;
destroy an expired card; and
if a temporary card has been issued to you, destroy it upon receipt of a personalised card.

34.2 General responsibility

The accountholder is generally responsible for all EFT transactions authorised by the use of the card details and/or card and/or PIN and/or the card account details or undertaken by another person with your knowledge and/or consent. The accountholder's liability for any use not authorised by you may, however, be limited as provided below.

34.3 No Accountholder liability in some circumstances

The accountholder is not liable for losses:

that are caused by the fraudulent or negligent conduct of NAB's employees or agents or companies involved in networking arrangements or of merchants or of their agents or employees;
arising because the PIN, card details or card is forged, faulty, expired, or cancelled;
that arise from EFT transactions which required the use of your card or card details or your PIN and that occurred before you received your card or card details or PIN;
that are caused by the same EFT transaction being incorrectly debited more than once to the same account;
resulting from unauthorised transactions occurring after notification to NAB that the card or card details have been misused, lost or stolen or the security of the PIN has been breached;
resulting from unauthorised transactions where it is clear that you have not contributed to such losses.

34.4 Accountholder liability for unauthorised transactions

The accountholder is liable for losses resulting from unauthorised transactions as provided below:

where NAB can prove on the balance of probability that you contributed to the losses through your fraud or your contravention of the security requirements in clause 34.5, the accountholder is liable for the actual losses which occur before NAB is notified that the card has been misused, lost or stolen or that the security of the PIN has been breached; and
the accountholder is also liable where NAB can prove on the balance of probability that you contributed to losses resulting from unauthorised transactions because you unreasonably delayed notifying NAB after becoming aware of the misuse, loss or theft of the card or card details, or that the security of the PIN has been breached. The accountholder will then be liable for the actual losses which occur between the time you became aware (or should reasonably have become aware in the case of a lost or stolen card or card details) and when NAB was actually notified.
However, in relation to (a) and (b) above, the accountholder will not be liable for any of the following amounts:
1. that portion of the losses incurred on any one day which exceed the applicable daily transaction limit(s);
2. that portion of the losses incurred in a period which exceeds any other periodic transaction limit(s) applicable to that period;
3. that portion of the total losses incurred on any account which exceeds the balance of your account(s);
4. all losses incurred on any accounts which NAB and the accountholder had not agreed could be accessed using your card and PIN.
where a PIN was required to perform the unauthorised transactions and neither paragraph (a) nor (b) applies, the accountholder is liable for the least of:
1. $150; or
2. the balance of those account(s) (including any prearranged credit) from which value was transferred in the unauthorised transactions and which NAB and the accountholder have agreed may be accessed using the PIN; or
3. the actual loss at the time NAB is notified (where relevant) that the card has been misused, lost or stolen or that the security of the PIN has been breached (excluding that portion of the losses incurred on any one day which exceeds any applicable daily transaction or other periodic transaction limit(s)).

34.4A The accountholder is liable for losses arising from unauthorised transactions that occur because you contributed to the losses by leaving a card in an ATM.

34.5 Your responsibilities

Where NAB provides you with a PIN you must not:
1. voluntarily disclose your PIN to anyone including a family member or friend (unless your card is a Deposit Only Card);
2. record your PIN on your card or on any article carried with the card or liable to loss or theft simultaneously with the card;
3. act with extreme carelessness in failing to protect the security of your PIN.
Where NAB allows you to select a PIN or change your PIN you must not select:
1. a numeric code which represents your birth date; or
2. an alphabetical code which is a recognisable part of your name.

Either of these selections may mean you are liable for losses caused by unauthorised transactions caused by a breach of your PIN.

34.6 Guidelines

You should also comply with these guidelines to protect the security of your card details and/or card, card account details and PIN and thus reduce the possibility of any inconvenience to you:

do not permit any other person to use your card details and/or card or card account details;
destroy your PIN envelope after memorising your PIN;
take reasonable care when using an ATM or EFTPOS terminal to ensure your PIN is not disclosed to any other person; and
should you require a memory aid to recall your PIN you may make such a record providing the record is reasonably disguised. However, NAB does not consider the following examples to provide a reasonable disguise and you must not:
1. record the disguised PIN on your card;
2. disguise your PIN by reversing the number sequence;
3. describe the disguised record as a 'PIN record' or 'Password record';
4. disguise your PIN as a telephone number, part of a telephone number, postcode or date of birth;
5. disguise your PIN using alphabetical characters, eg. A = 1, B = 2, C = 3 etc

There may be other forms of disguise which may be similarly unsuitable because of the ease of another person discerning your PIN.

Please note all the guidelines set out in clause 34.6 are for your assistance but your liability in the case of an actual loss will be governed by the ePayments Code and clause 34.5 in this booklet. However, you should take care to meet the guidelines set out in clause 34.6 as a failure to meet these guidelines may in some circumstances constitute an act of extreme carelessness under clause 34.5(a)(iii).

34.7 Advising NAB

If you believe your card or card details has been lost or stolen, your PIN divulged or that there has been misuse of your card, you must advise NAB as soon as possible. Please refer to NAB's Lost/ Stolen Cards/Compromised Personal Identification Numbers (PINs) details in Summary of Important Information at the front of this booklet, or any other means NAB makes available to you.

Once NAB has been notified of these matters the accountholder's liability for further EFT transactions will be limited.

Where telephone facilities are not available during particular periods, any losses occurring during these periods that were due to non-notification are deemed to be the liability of NAB, providing notification is made to NAB within a reasonable time of the facility again becoming available.

NAB will acknowledge your report and you should record or retain this acknowledgement.

34.8 Liability under Visa card scheme

Notwithstanding the above where you notify NAB of an unauthorised transaction on a NAB Visa Debit card, NAB will not hold the accountholder liable for an amount greater than the liability the accountholder would have had if NAB had, at the time the complaint was made, exercised its rights (to the extent relevant) under the rules of the Visa card scheme.

34.9 Failure of NAB's electronic equipment

Except in the case of a business EFT transaction, NAB will be liable to you for losses you suffer caused by the failure of NAB's electronic equipment or system to complete an EFT transaction accepted by NAB's system or NAB's electronic equipment in accordance with your instructions.
However, NAB will not be liable for consequential losses where you should have been aware that NAB's electronic equipment or system was unavailable for use or malfunctioning. NAB's responsibilities in this case will be limited to the correction of errors in your account and the refund of any charges or fees imposed on you as a result. NAB will also not be liable for any losses caused by the failure of NAB's electronic equipment where NAB's system or electronic equipment had not accepted the EFT transaction.
NAB will not be liable to you for any loss, claim, liability or outgoing, including without limitation any consequential loss or liability, which you suffer because of any failure of NAB's systems or NAB's electronic equipment to complete a business EFT transaction.

35 ePayments Code warranty

NAB warrants that it will comply with the requirements of the ePayments Code for all EFT transactions on nominated accounts other than business EFT transactions.

Part E NAB Internet Banking and NAB Telephone Banking terms and conditions

The terms and conditions in Part B apply to any use of NAB Internet Banking or NAB Telephone Banking in addition to the terms and conditions in this Part E. You should read these terms and conditions before you use NAB Internet Banking and NAB Telephone Banking for the first time.

General terms relating to NAB Internet Banking and NAB Telephone Banking

36 Offer and acceptance

36.1 NAB Internet Banking and NAB Telephone Banking are secure, convenient and easy to use. These services may be used by you to help manage your accounts.

36.2 NAB offers to make NAB Internet Banking and NAB Telephone Banking available to you on these terms and conditions.

36.3 NAB will rely on your acceptance of these terms and conditions when:

a user accesses, or seeks to access, an account through the service; or
in relation to NAB Internet Banking, a user clicks on the 'ACCEPT' button in the online registration process.

37 Terms and conditions for accounts

37.1 The terms and conditions in Part E are in addition to any of NAB's terms and conditions for an account.

37.2 If there is any inconsistency between these terms and conditions and the terms and conditions applying to an account or to a service provided by NAB, these terms and conditions apply to the extent of that inconsistency.

38 Authorised user

38.1 NAB may allow any person over 16 years of age, authorised by you, to be an authorised user. It is your responsibility to ensure that any authorised user is over 16 years of age.

38.2 An authorised user may use a NAB ID issued to them in their own name, or alternatively they may use any additional NAB ID issued to you.

38.3 An authorised user who uses a NAB ID issued to them in their own name when accessing your account:

will be registered as a user of the service by NAB in their own name, subject to clause 48.1;
may be able to use the service to access and operate your account in every way available to you; and
may be restricted to accessing and operating your account in any way specified by you.

38.4 An authorised user who uses an additional NAB ID issued to you:

will be registered as a user of the service by NAB in their own name, subject to clause 48.1;
may be able to use the service to access and operate your account in every way available to you; or
may be restricted to accessing and operating your account in any way specified by you.

38.5 Subject to clauses 38.7 and 39, you are liable for any use of your account or the service by an authorised user as if the account or the service had been used by you. You are also responsible for all instructions given in relation to your accounts using the service, which are authorised by the use of your password or the password of an authorised user, or undertaken by another person with the knowledge or consent of you or of an authorised user.

38.6 You should ensure that any authorised user has been provided with, and read and understood these terms and conditions before using the service.

38.7 If you no longer wish any authorised user to be able to access or operate your account using the service you must:

contact NAB on 13 BANK (13 22 65);
attend a NAB branch or outlet to confirm service suspension; or
comply with any other procedures specified by NAB.

39 Liability for unauthorised transactions provisions for all personal EFT transactions

39.1 This clause sets out important rules which may govern an accountholder's liability for unauthorised transactions. The liability provisions set out below override any other clause to the extent of any conflict or inconsistency for all personal EFT transactions.

39.2 When the accountholder is not liable

The accountholder is not liable for losses:

that are caused by the fraudulent or negligent conduct of NAB's employees or agents or companies involved in networking arrangements or of merchants or of their agents or employees;
arising because the NAB ID, authentication service and/or password is forged, faulty, expired, or cancelled;
that arise from personal EFT transactions which required the use of the authentication service and/or password and that occurred before the user received the authentication service and/or password;
that are caused by the same personal EFT transaction being incorrectly debited more than once to the same account;
resulting from unauthorised transactions occurring after notification to NAB that the security of the authentication service and/or password has been breached;
resulting from unauthorised transactions where it is clear that the user has not contributed to such losses.

39.3 When the accountholder is liable

The accountholder will be liable for losses resulting from unauthorised transactions as provided below:

where NAB can prove on the balance of probability that the user contributed to the losses through the user's fraud or contravention of the security requirements in clause 39.4, the accountholder is liable for the actual losses which occur before NAB is notified that the security of the authentication service and/or password has been breached; and
the accountholder is also liable where NAB can prove on the balance of probability that the user contributed to losses resulting from unauthorised transactions because the user unreasonably delayed notifying NAB after becoming aware that the security of the authentication service and/or password has been breached. The accountholder will then be liable for the actual losses which occur between the time the user became aware and when NAB was actually notified.
However, in relation to (a) and (b) above, for losses arising from unauthorised transactions the accountholder will not be liable to pay:
1. the portion of losses incurred on any one day which exceeds the applicable daily transaction limit(s) (if any);
2. the portion of losses incurred in a period which exceeds any other periodic transaction limit(s) applicable to that period;
3. the portion of the total losses incurred on any account which exceeds the balance of that account (including any prearranged credit);
4. all losses incurred on any accounts which the accountholder and NAB had not agreed could be accessed using the authentication service and/or password.
When limited liability applies
Where the authentication service and/or password was required to perform the unauthorised transaction(s) and neither paragraph (a) nor (b) applies, the accountholder is liable for the lesser of:
1. $150;
2. the balance of those account(s) (including any prearranged credit) from which value was transferred in the unauthorised transactions and which NAB and the accountholder have agreed may be accessed using the authentication device and/ or password; or
3. the actual loss at the time NAB is notified that the security of the authentication service and/or password has become known to someone else (excluding that portion of the losses incurred on any one day which exceeds any applicable daily transaction or other periodic transaction limit(s)).

39.4 User's responsibilities under the ePayments Code

Where NAB provides the user with an authentication service and/or password the user must not:
1. voluntarily disclose the authentication service and/or password to anyone including a family member or friend, except when you are creating an authorised user;
2. act with extreme carelessness in failing to protect the security of the authentication service and/or password; and
3. record the password without making any reasonable attempt to protect the security of the password record on the one article or on several articles so that they are liable to loss or theft simultaneously.
Where NAB allows the user to select a password or change the user's password the user must not select:
1. a numeric code which represents the user's birth date; or
2. an alphabetical code, which is a recognisable part of the user's name.

Either of these selections may mean you are liable for losses caused by unauthorised transactions caused by a breach of the security of the password.

39.5 Failure of NAB equipment or NAB system

NAB will be liable to users for losses users suffer, caused by the failure of NAB's equipment or NAB's system to complete a personal EFT transaction accepted by NAB's equipment or NAB's system in accordance with the user's instructions.

However, where the user should have been aware that NAB's equipment or NAB's system was unavailable for use or malfunctioning, NAB's responsibilities will be limited to the correction of any errors in the accountholder's account and the refund of any charges or fees imposed on the accountholder as a result.

NAB will also not be liable for any losses caused by the failure of NAB's equipment or NAB's system where NAB's equipment or NAB's system had not accepted the personal EFT transaction.

39.6 Advising NAB

If the user believes the security of the user's authentication service and/or password has been breached, the user must advise NAB Internet Banking Support as soon as possible.

Once NAB has been notified of these matters the accountholder's liability for further personal EFT transactions will be limited. Where telephone facilities for notification are not available during particular periods, any losses occurring during these periods that were due to non-notification are deemed to be the liability of NAB, providing notification is made to NAB within a reasonable time of the facility again becoming available. NAB, will acknowledge the user's report, and the user should record or retain this acknowledgment.

39.7 Credit and charge cards

Notwithstanding the rest of clause 39 where the user notifies NAB of an unauthorised transaction on a credit card or charge card account, NAB will not hold the accountholder liable for an amount greater than the liability the accountholder would have had if NAB had, at the time the complaint was made, exercised its rights (to the extent relevant) under the rules of the credit card scheme.

40 Allocation of liabilities for business EFT transactions

40.1 You are not liable for any losses:

where it is clear that a user has not contributed to those losses;
that are caused by the fraudulent or negligent conduct of NAB's employees or agents;
resulting from unauthorised transactions occurring after you notify NAB that a user's password has become known to someone else or the user's authentication service has been compromised.

40.2 Where it is unclear whether or not a user has contributed to the losses resulting from unauthorised transactions on an account using the service, you are only liable to pay up to $150.

40.3 Where it is clear that a user has contributed to the losses because a user has failed to comply with clause 48 or you unreasonably delay notifying NAB under clause 50.5, then you are liable for those losses except for that portion of the losses incurred which exceed the balance of your account(s) (including any prearranged credit facility) or that portion of the losses incurred which exceed the total amount you are able to withdraw from your account(s) on the days the unauthorised use took place.

40.4 In the absence of a breach of duty or obligation owed to you, NAB is not liable for any loss or damage caused directly or indirectly to a user by:

any breakdown or interruption in the service due to circumstances beyond NAB's control;
any corruption of data and any breakdown, interruption or errors caused to a user's computer or computing equipment as a result of using the service or as a result of software being downloaded to a user's computer for the purposes of the service;
intermittent interruptions to the service from time to time;
any delays or errors in the execution of any transaction or instruction in respect of your account because of any breakdown or interruption in the service due to circumstances beyond its control;
a party to a payment instruction made by a user not receiving funds because of a problem with the information provided by the user (eg. a user provides NAB with the wrong account number);
any delays or errors by other parties (eg. the failure of a financial institution to credit or debit your account in a timely manner); or
any refusal by a party to a payment instruction to accept, or acknowledge receipt of, the funds the subject of that payment instruction.

41 Type of accounts and transactions for NAB Internet Banking and NAB Telephone Banking

You will be advised of the accounts and transactions you can undertake using the service when you sign up to the service. You may also refer to the FAQs at nab.com.au for further details.

42 Accounts with other entities within the National Australia Group

Where your account is maintained with another entity within the National Australia Group, you agree that these terms and conditions will also apply to the use of NAB Internet Banking and NAB Telephone Banking in connection with that account.

43 Service closure

You or NAB may end the use of the service at any time by giving a notice to the other. Examples of when NAB may end your use of the service include where the account is inactive and where NAB believes on reasonable grounds that continued use may cause loss to NAB or to you. These are examples only and do not prevent NAB terminating use of the service for any other reason.

44 ePayments Code warranty

NAB warrants that it will comply with the requirements of the ePayments Code for all personal EFT transactions conducted via NAB Internet Banking and NAB Telephone Banking service(s).

45 NAB Internet Banking service

Use of the service

45.1 Once:

you are taken to have accepted these terms and conditions under clause 36.3; and
a user has accessed the service by entering a NAB ID and their password; and
a user has created a different password to be used to access the service in the future; and
NAB has selected a billing account (another billing account may be subsequently selected by a user with NAB's agreement); then

NAB will register the user as a user of the service and may, at its discretion, issue the user with an authentication service.

45.2 A user may use the service in accordance with the terms and conditions in this Part E, unless their use of the service is cancelled or suspended under these terms and conditions.

45.3 Access to the service, or access to certain functionalities of the service, may only be allowed by NAB:

if the procedures specified by NAB have been complied with; and
if NAB has received any document or information, including any document which identifies a user reasonably required by NAB.

45.4 Access to the service:

will be denied to a user if the user enters an incorrect password on three consecutive occasions; and
may be denied if any instruction given using the service, is made in language NAB considers to be inappropriate.

45.5 Transfer of funds

Subject to clauses 38.3 and 38.4, a user will be able to transfer funds from your accounts to any other accounts accessible by the user using the service, whether the accounts are held with other financial institutions, other third parties or NAB.

The amount which is able to be transferred will be subject to a daily limit set by NAB. Users should refer to FAQs at nab.com.au for details of any restrictions.

If a user uses a NAB ID issued to you, the user's ability to make such a transfer can be removed if you notify NAB under clause 38.7 that you want that to happen.

NAB bears no responsibility for limits and restrictions on any transfer of funds imposed by other financial institutions and third parties.

46 Functionalities of the service

NAB may at any time, where reasonably necessary for its business purposes, add to, remove, change or impose restrictions on, the functionalities of the service.

47 User authentication

When NAB receives an instruction from a user to make payment to a third party account (including a BPAY Payment) and the user has user authentication, NAB will require the user to provide the identifier generated by NAB in accordance with user authentication. This requirement is in addition to any password or other information a user must give to NAB when providing an instruction using the service. The user should contact NAB Internet Banking Support in the event NAB does not accept any instruction using the user authentication identifier. Provision of this identifier does not alter your responsibility for the transaction.

48 User responsibilities relating to NAB Internet Banking

48.1 You must:

choose a new password whenever you are required to do so by NAB;
except when you are creating an authorised user, not disclose your password to any other person;
not record or store your password anywhere;
take reasonable care when accessing the service to ensure that your password is not disclosed to any other person, in particular ensuring that you are not observed while entering your password;
not provide your authentication service (if any) to any other person;
not use your authentication service (if any) other than in respect of the service If you use your authentication service for any other purpose, NAB may revoke the authentication service and cancel the availability of the service to you;
check your account records carefully and notify NAB immediately of any apparent discrepancy; and
take every reasonable precaution to prevent the spread or diffusion of any software contamination including computer viruses and trojans.

48.2 You must ensure that an authorised user protects, stores and uses their password and authentication service (if any), in the same manner as clause 48.1 requires you to protect, store and use yours.

49 Liability for unauthorised transactions for personal EFT transactions

In respect of unauthorised transactions for personal EFT transactions, your liabilities are governed by clause 39.

50 Instructions to NAB

50.1 Subject to clauses 50.2 and 51:

an instruction to NAB by a user using the service constitutes a valid and irrevocable authority to NAB to follow that instruction; and
a payment instruction which is given before the cut-off time for a day will be processed on the same day, but if it is given after the cut-off time it may be processed on the next banking day after the instruction is given.

50.2 An instruction to make a periodic or future dated payment continues until the expiry date authorised by a user, even if the service, or any authentication service used by a user to authenticate that instruction, has been cancelled.

50.3 In the case of an instruction to make a periodic or future dated payment, a user may revoke their instruction up until the cut-off time on the day payment is due to be made.

50.4 You are responsible for all instructions given in relation to your accounts which are authorised by a user's use of their password or authentication service or undertaken by another person with their knowledge or consent.

50.5 You must notify NAB immediately if:

a user's password becomes known to any other person or is compromised;
a user's computer, which the user uses to access and use the service, is lost, stolen or fraudulently accessed;
you become aware of any unauthorised transaction or error on an account using the service.

In respect to personal EFT transactions only, please also refer to clause 39.6.

50.6 Subject to clause 39.5, it is your responsibility to use other means of effecting transactions and giving and obtaining information if for any reason the service is unavailable for use or malfunctioning.

51 Processing of instructions to NAB

Subject to clause 39.5:

In some circumstances, NAB may not act or may delay acting on any instruction given to it by a user through use of the service;
an instruction may be processed at the option of NAB on the next banking day after the instruction is given; and
the accuracy of information about an account a user obtains through the relevant service is subject to checking by NAB as part of its normal procedures, and reflects the entries that have been posted to the relevant account at the time the information is obtained.

In the absence of a breach of obligation owed to a user, NAB is not liable for any loss or damage caused directly or indirectly to a user as a result of NAB's failure to act or delay in acting on any instruction given to it by a user.

51A Mistaken internet payments using Funds Transfer – Pay Anyone

This clause applies to mistaken internet payments using the Pay Anyone functionality available within internet banking. It sets out important rules where the Sending ADI and the Receiving ADI have subscribed to the ePayments Code and

a user reports a mistaken internet payment to NAB as the Sending ADI; or
NAB, as the Receiving ADI, is notified by a Sending ADI that funds have been credited to your account as the result of a mistaken internet payment by its customer.

It does not apply to BPAY payments.

In this clause mistaken internet payment means a payment made by a user through Pay Anyone where funds are paid into the account of an unintended recipient because the user entered or selected the wrong BSB number and/or account number as the result of the user’s error or the user being advised of the wrong BSB number and/or account number. ADI means Authorised Deposit-taking institution and has the same meaning as the term in the Banking Act 1959(Cth). The Receiving ADI is the ADI whose customer received an internet payment and the Sending ADI is the ADI whose customer has made an internet payment.

51A.1 User’s obligation

A user:

must take care to enter or select the correct information about the intended recipient of the funds, required when using Pay Anyone to make a payment. It is not always possible for NAB to recover funds from the unintended recipient.
should report a mistaken internet payment to NAB as soon as possible by:
- calling 13 BANK (13 22 65); or
- visiting our website nab.com.au and completing the transaction dispute form.

NAB will acknowledge receipt of the report and the user should record or retain this acknowledgment.

51A.2 Our obligations as a Sending ADI when we receive the user’s report

Obligation to investigate
NAB will investigate a user’s report of a mistaken internet payment.
Obligation to tell the user about the outcome
NAB will tell the user about the outcome of a user’s report of a mistaken internet payment:
1. in writing, and
2. within 30 business days of the day the report was made.

Process where NAB and the Receiving ADI are not satisfied a mistaken internet payment has occurred

When a user makes a report both NAB and the Receiving ADI need to be satisfied a mistaken internet payment has occurred.

If NAB is not satisfied a mistaken internet payment has occurred NAB is not required to take any further action and will tell you in accordance with 51A.2 (b).

If the Receiving ADI receives a request from NAB to return funds to NAB, but is not satisfied that a mistaken internet payment has occurred, the Receiving ADI may seek their customer’s consent to return the funds to you. If consent is provided to the Receiving ADI, NAB will return these funds to you as soon as practicable.

Process where NAB and the Receiving ADI are satisfied a mistaken internet payment has occurred and there are insufficient funds

This process applies where both NAB and the Receiving ADI are satisfied a mistaken internet payment has occurred.

If NAB is satisfied that a mistaken internet payment has occurred, NAB will send the Receiving ADI a request for return of the funds. NAB is reliant on the Receiving ADI advising NAB if there are sufficient funds in their customer’s account to cover the amount of the mistaken internet payment.

If NAB is advised there are insufficient funds in the customer’s account, NAB is reliant on the Receiving ADI using its reasonable endeavours to recover the funds for you from their customer (eg. facilitating payment by instalments).

If the Receiving ADI is unable to recover the funds from the unintended recipient you will be liable for losses arising from the mistaken internet payment.

Where NAB and the Receiving ADI are satisfied a mistaken internet payment has occurred and there are sufficient funds

This table describes the obligation of Receiving ADI and NAB if they are satisfied a mistaken internet payment has occurred and there are sufficient credit funds available in the account of the unintended recipient to cover the payment.

A different process applies depending on when the user reported the mistaken internet payment to NAB.

User reports the mistaken internet payment to NAB	Obligation of Receiving ADI after receiving NAB’s request to return funds	NAB’s obligation to pay you
Within 10 business days of making the payment	Funds must be returned to NAB within five business days (if practicable) of receiving NAB’s request to return the funds or such longer period as is necessary up to a maximum of 10 business days.	To return the funds to you as soon as practicable
Between 10 business days and seven months of making the payment	Complete investigation within 10 business days of receiving NAB’s request to return the funds. If satisfied a mistaken internet payment has occurred prevent their customer withdrawing the mistaken internet payment funds for a further 10 business days; notify their customer they have a period of 10 business days to establish they are entitled to the funds. (This period commences on the date their customer was prevented from withdrawing the funds); and return funds to NAB within two business days of the end of the 10 day period described in (ii) if their customer has not established they are entitled to the funds	To return the funds to you as soon as practicable
After seven months	Seek the consent of their customer to return funds. With the consent of their customer return the funds to NAB	To return the funds to you as soon as practicable

User reports the mistaken internet payment to NAB

Obligation of Receiving ADI after receiving NAB’s request to return funds

NAB’s obligation to pay you

Within 10 business days of making the payment

Funds must be returned to NAB within five business days (if practicable) of receiving NAB’s request to return the funds or such longer period as is necessary up to a maximum of 10 business days.

To return the funds to you as soon as practicable

Between 10 business days and seven months of making the payment

Complete investigation within 10 business days of receiving NAB’s request to return the funds.

If satisfied a mistaken internet payment has occurred

prevent their customer withdrawing the mistaken internet payment funds for a further 10 business days;
notify their customer they have a period of 10 business days to establish they are entitled to the funds. (This period commences on the date their customer was prevented from withdrawing the funds); and
return funds to NAB within two business days of the end of the 10 day period described in (ii) if their customer has not established they are entitled to the funds

To return the funds to you as soon as practicable

After seven months

Seek the consent of their customer to return funds. With the consent of their customer return the funds to NAB

To return the funds to you as soon as practicable

Complaints

For information about making a complaint about the outcome of a mistaken internet payment report or how we have dealt with it, please see clause 14 Complaints in Part B of this booklet.

Our obligations if we are notified about a mistaken internet payment by another ADI

If NAB is notified by a Sending ADI that funds have been credited to your account as the result of a mistaken internet payment by its customer, NAB will act in accordance with the obligations of the Receiving ADI described in 51A.2 including the obligations to return funds in your account to the Sending ADI where applicable.

52 Fees

52.1 NAB's standard fees relating to the service, including the use of the service, are payable by you in accordance with clauses 52.2 to 52.4.

52.2 NAB may debit your billing account with its standard fees relating to the service or use of service which are detailed in the 'A Guide to Fees and Charges – Personal Banking Fees'.

52.3 If there are insufficient funds in your billing account, NAB will debit relevant fees or charges to the relevant account even if that causes the relevant account to become overdrawn or NAB may require you to pay the fees in any other manner NAB determines.

52.4 If you close your billing account, NAB will automatically select another account to which fees and charges relating to the service may be debited. If no account satisfactory to NAB exists, NAB may immediately cancel the availability of the service to you until such time that you open an account satisfactory to NAB or NAB may require you to pay the fees in any other manner NAB determines.

53 NAB Telephone Banking service

Use of the service

53.1 NAB Telephone Banking is automatically available to you if you are designated by NAB as a 'personal customer'. It is available on application if you are designated by NAB as a 'business customer'.

53.2 NAB will provide you with a NAB ID and a temporary password, which will be valid for 28 days from the date of issue automatically for a 'personal customer' and on acceptance of your application for NAB Telephone Banking for a 'business customer'.

54 User responsibilities relating to NAB Telephone Banking

54.1 A user may change a password by using the service. NAB reserves the right, at any time without notice, to cancel access to the service by a user and to cancel a NAB ID or a password.

54.2 The service may be used only with a correct NAB ID and password. You must ensure that you and all authorised users of the service:

choose a new password whenever you are required to do so by NAB;
keep the password secret and do not write it down anywhere; and
take care to prevent the unauthorised use of the password.

54.3 If a password becomes known to any unauthorised person, the user must notify NAB immediately. NAB will cancel the password and give you a new one. If a user considers there has been any error in relation to the use of a password, you must let NAB know immediately.

54.4 NAB may allow access to an account by any person using a NAB ID and password correctly.

55 Liability for unauthorised transactions for personal EFT transactions

In respect of unauthorised transactions for personal EFT transactions, your liabilities are governed by clause 39.

56 Instructions to NAB

Subject to clause 39:

an instruction to NAB by a user cannot be stopped once it is received by NAB;
where reasonably necessary for its business purposes, NAB need not act on or may delay acting on any such instruction;
an instruction may be processed at the option of NAB on the next banking day after the instruction is given;
the accuracy of information about an account a user obtains through the relevant service is subject to checking by NAB as part of its normal procedures, and reflects the entries that have been posted to the relevant account at the time the information is obtained; and
NAB is not responsible for any breakdown or interruption to the relevant service.

In the absence of a breach of obligation owed to you, NAB is not liable for any loss or damage caused directly or indirectly to a user as a result of NAB's failure to act or delay in acting on any instruction given to it by a user.

57 Recording of telephone calls

NAB may arrange for all telephone calls to the service to be recorded for training and quality control purposes.

58 Fees

You must pay to NAB its standard fees relating to the service, including the use of the servic,e which are detailed in 'A Guide to Fees and Charges – Personal Banking Fees'. Fees will be debited to an account selected by NAB.

59 BPAY terms and conditions

59.1 BPAY Scheme

NAB is a member of the BPAY Scheme. The BPAY Scheme is:

an electronic payments scheme through which a user with BPAY access, can request NAB to make payments (BPAY Payments) to participating organisations ('billers') who tell you that you can make payments to them through the BPAY Scheme (BPAY Payments)
a scheme through which you can receive or access bills or statements electronically (BPAY View) from participating billers nominated by;
1. receiving an email sent to you whenever a bill or statement is received by us which directs you to link to the service via nab.com.au; or
2. accessing the service via nab.com.au

NAB will tell you if NAB is no longer a member of the BPAY Scheme.

When a user tells NAB to make a BPAY Payment, the user must give NAB the required information specified in clause 59.4. NAB will then debit the specified account with the amount of that BPAY Payment.

59.2 How to use the BPAY Scheme

A BPAY Payment can be made from any account provided:
1. NAB will allow transfers from the account;
2. there are sufficient funds or credit available in the account to meet the value of the BPAY Payment; and
3. the relevant biller agrees to accept the account.
When a credit card is used to pay a bill through the BPAY Scheme, NAB treats that payment as a credit card purchase transaction.
You acknowledge that the receipt by a biller of any mistaken or erroneous payment does not or will not constitute under any circumstances part or whole satisfaction of any underlying debt owed between the user and that biller.

59.3 Valid payment direction

BPAY Payment instructions will be valid if, when the instruction is given to NAB, the NAB ID and password is used correctly.

59.4 Information you must give NAB

To instruct NAB to make a BPAY Payment, a user must:

enter the correct NAB ID and password;
enter and select the appropriate biller code;
select the appropriate 'from' account;
enter the customer reference number;
enter the amount to be paid; and
confirm the details entered (if correct).

NAB shall not be obliged to effect a BPAY Payment if NAB is not given all of the above information or if any of the information given to NAB is inaccurate.

59.5 Payments

NAB will not accept your instructions to stop a BPAY Payment once instructed to make that BPAY Payment.
A user should notify NAB immediately if the user becomes aware of making a mistake (except for errors relating to payment amount, which should be notified to the biller) when instructing NAB to make a BPAY Payment, or if the user did not authorise a BPAY Payment made from your account.
Subject to clause 59.8, billers who participate in the Bpay Scheme have agreed that a Bpay Payment you make will be treated as received by the biller to whom it is directed:
1. on the date that BPAY Payment is made, if NAB is told to make the BPAY Payment before NAB's cut-off time for BPAY Payments on a banking day; or
2. on the next banking day, if NAB is told to make a BPAY Payment after NAB's cut-off time for BPAY Payments on a banking day, or on a non-banking day.
A delay might occur in the processing of a BPAY Payment where:
1. there is a public or bank holiday on the day after NAB is told to make a BPAY Payment;
2. NAB is told to make a BPAY Payment either on a day which is not a banking day or after NAB's cut-off time for BPAY Payments on a banking day;
3. another financial institution participating in the BPAY Scheme does not comply with its obligations under the BPAY Scheme; or
4. a biller fails to comply with its obligations under the BPAY Scheme.
While it is expected that any delay in processing for any reason set out in clause 59.5(d) will not continue for more than one banking day, any such delay may continue for a longer period.
A user must be careful to ensure that NAB is told the correct amount to be paid. If a user instructs NAB to make a BPAY Payment and a user later discovers that:
1. the amount NAB was told to pay was greater than the amount needed to be paid, you must contact the biller to obtain a refund of the excess.
2. the amount NAB is told to pay was less than the amount needed to be paid, you can make another BPAY Payment for the difference between the amount actually paid to a biller and the amount needed to be paid.

59.6 Liability for mistaken payments, unauthorised transactions and fraud

If under this clause you are liable for an unauthorised or fraudulent payment as a result of a BPAY billing error and the ePayments Code applies, then your liability is limited to the lesser of:
1. the amount of that unauthorised or fraudulent payment; and
2. the limit (if any) of your liability set out in clause 39 of this booklet.
If (ii) applies, then NAB will be liable to you for the difference between the amount for which you are liable and the amount of the unauthorised or fraudulent payment.
NAB will attempt to make sure that BPAY Payments are processed promptly by the participants in the BPAY Scheme. A user must tell NAB promptly if the user:
1. becomes aware of any delays or mistakes in processing BPAY Payments;
2. did not authorise a BPAY Payment that has been made from your account; or
3. thinks that you have been fraudulently induced to make a BPAY Payment. NAB will attempt to rectify any such matters in relation to your BPAY Payments in the way described in this clause. However, except as set out in clauses 59.6, and 39 to 40, NAB will not be liable for any loss or damage (including consequential loss or damage) a user suffers as a result of using the BPAY Scheme.
  The longer the delay between when you tell NAB of the error and the date of your BPAY Payment, the more difficult it may be to perform the error correction. If this is the case, you will need to demonstrate that an error has occurred, based on your own records, or liaise directly with the biller to correct the error.
If a BPAY Payment is made to a person or for an amount which is not in accordance with your instructions (if any), and your account was debited for the amount of that payment, NAB will credit that amount to your account. However, if a user was responsible for a mistake resulting in that payment and NAB cannot recover within 20 banking days of NAB attempting to do so the amount of that payment from the person who received it, you must pay NAB that amount.
If a BPAY Payment is made in accordance with a payment direction which appeared to NAB to be from you or on your behalf but for which you did not give authority, NAB will credit your account with the amount of that unauthorised payment.
However, you must pay NAB the amount of that unauthorised payment if:
1. NAB cannot recover within 20 banking days of NAB attempting to do so that amount from the person who received it; and
2. the payment was made as a result of a payment direction which did not comply with NAB's prescribed security procedures for such payment directions.

If NAB is able to recover part of the amount of that payment from the person who received it, you must only pay NAB the amount of that payment that was not able to be recovered.

If a BPAY Payment is induced by the fraud of a person involved in the BPAY Scheme, then that person should refund you the amount of the fraud-induced payment. However, if that person does not refund you the amount of the fraud-induced payment, you must bear the loss (including any consequential loss) unless some other person involved in the BPAY Scheme knew of the fraud or would have detected it with reasonable diligence, in which case that person must refund you the amount of the fraud-induced payment that is not refunded to you by the person that induced the fraud.
If a BPAY Payment made by a user falls within the type described in clauses 59.6(c) or, 59.6(d) and the payment also falls within the type described in clause 59.6(e), then NAB will apply the principles stated in clause 59.6(e).

1. Except where a BPAY Payment is a mistaken payment referred to in clause 59.6(c), an unauthorised payment referred to in 59.6(d), or a fraudulent payment referred to in 59.6(e), BPAY Payments are irrevocable. No refunds will be provided through the BPAY Scheme where a user has a dispute with the biller about any goods or services a user may have agreed to acquire with the biller. Any dispute must be resolved with the biller.

IMPORTANT
Even where a BPAY Payment has been made using a credit card or a charge card no 'chargeback' rights will be available under the BPAY Scheme.
You indemnify NAB against any loss or damage NAB may suffer due to any claim, demand or action of any kind brought against NAB arising directly or indirectly because a user acted negligently or fraudulently in connection with this agreement:

59.7 Suspension

NAB may suspend your right to participate in the BPAY Scheme at any time including your use of BPAY View. Examples of where we may do this include where your account is inactive and where NAB believes on reasonable grounds that your continued participation in the BPAY scheme may cause loss to NAB or to you. These examples are for guidance only and do not prevent NAB from suspending access for any other reason.

59.8 BPAY payment cut-off times There are cut-off times and processing times for biller payments.

NAB Telephone Banking cut-off times
6.30pm Australian Eastern Standard Time or Australian Eastern Standard Summer Time in Sydney (whichever is applicable).
NAB Internet Banking cut-off times
Please refer to the FAQs section at nab.com.au for further details.

However, the payment may take longer to be credited to a biller if you tell NAB to make a payment on a Saturday, Sunday or a public holiday or if another participant in the BPAY Scheme does not process a BPAY Payment as soon as they receive its details.

59.9 When a biller cannot process a payment

If NAB is advised that a payment cannot be processed by a biller, NAB will:

advise you of this;
credit your account with the amount of the BPAY Payment; and
take all reasonable steps to assist in making the BPAY Payment as quickly as possible.

59.10 Account records

You should check your account records carefully, and promptly report to NAB as soon as you become aware of any BPAY Payments that you think are errors or are BPAY Payments that you did not authorise or you think were made by someone else without your permission.

NAB is not liable for loss suffered by a user where:

there is no breach of a legal duty of care owed to you by NAB or by any of its employees or agents; or
such loss or damage is not reasonably foreseeable result of any such breach.

NAB will not be responsible for any loss or damage resulting from a breach by you of any term of these terms and conditions.

60 Bpay View – only applicable to NAB Internet Banking

60.1 What you need to do to use BPAY View

You need to register in order to use BPAY View on nab.com.au

60.2 Registering with BPAY View

If you register for BPAY View, you agree:

to NAB disclosing to billers nominated by you:
1. such of your personal information (for example your name, email address and the fact you are our customer) as is necessary to enable the billers to verify that you can receive bills and statements electronically using BPAY View (or telling them if you cease to do so); and
2. that an event in clause 60.3(b) (c), (d), (e) or (f) has occurred;
to NAB or a biller (as appropriate) collecting data about whether you access your emails, our service and any link to a bill or statement;
to receive bills and statements electronically and agree that this satisfies the legal obligations (if any) of a biller to give you bills and statements. For the purposes of clause 60.2 NAB are the agent for each biller nominated by you under (a) above.

You can deregister a biller at anytime and the biller will be removed from your list of billers. The de-registration is effective immediately.

60.3 Bills – paper and electronic

You may receive paper bills and statements from a biller instead of electronic bills and statements:

at your request to a biller (a fee may be charged by the applicable biller for supplying the paper bill or statement to you if you ask for this in addition to an electronic form);
if you or a biller deregister from BPAY View;
if NAB receive notification that your email mailbox is full, so that you cannot receive any email notification of a bill or statement;
if your email address is incorrect or cannot be found and your email is returned to NAB undelivered;
if NAB are aware that you are unable to access your email or our service or a link to a bill or statement for any reason;
if any function necessary to facilitate BPAY View malfunctions or is not available for an extended period.

NAB accepts no liability to provide you with a paper bill or statement in any of these circumstances unless NAB is the biller.

60.4 Notice of bills or statements

You agree that when using BPAY View:

if you receive an email notifying you that you have a bill or statement, then that bill or statement is received by you:
1. when you receive confirmation that your server has received the email notification, whether or not you choose to access your email; and
2. at the email address nominated by you;
if you receive notification on the service without an email then the bill or statement is received by you:
1. when a notification is posted on the service, whether or not you choose to access the service; and
2. on the service;
bills and statements delivered to you, unless deleted by you, remain accessible through the service for the period determined by the biller up to a maximum of 18 months after which time they will be deleted, whether paid or not;
you will contact the biller if you have any queries in relation to bills or statements.

60.5 What you must do

You must:

check your emails or the service at least weekly;
tell NAB if your contact details including email address change;
tell NAB if you are unable to access your email or the service or a link to a bill or statement for any reason; and
ensure your mailbox can receive notifications (eg. it has sufficient storage space available).

Unless expressly provided for in these terms and conditions NAB is not responsible for arranging for or ensuring that any biller you nominate will make bills and statements available to you. If you fail to receive bills and statements from a biller or the bill or statement is not available to be viewed using BPAY View you should contact the applicable biller to obtain a paper bill or statement.

60.6 Biller consent

If you tell NAB that a BPAY Payment made from your account is unauthorised, you must first give NAB your written consent addressed to the biller who received the BPAY Payment, consenting to NAB obtaining from the biller information about your account with that biller or the BPAY Payment. If you do not give NAB that consent, the biller may not be permitted under law to disclose to NAB the information NAB needs to investigate or rectify that BPAY Payment.

60.7 BPAY View billing errors

For the purposes of clause 60.7, a BPAY View billing error means any of the following:

if you successfully registered with BPAY View:
- failure to give you a bill (other than because you failed to view an available bill);
- failure to give you a bill on time (other than because you failed to view an available bill on time);
- giving a bill to the wrong person;
- giving a bill with incorrect details.
if your BPAY View deregistration has failed for any reason:
- giving you a bill if you have unsuccessfully attempted to deregister.

60.8 If a billing error occurs:

you must immediately, upon becoming aware of the billing error, take all reasonable steps to minimise any loss or damage caused by the billing error, including contacting the applicable biller and obtaining a correct copy of the bill; and
the party who caused the error is responsible for correcting it and paying any charges or interest which would ordinarily be payable to the applicable biller due to any consequential late payment and as a result of the billing error.

60.9 For the purposes of clauses 60.7 to 60.9, you are responsible for a billing error if the billing error occurs as a result of an act or omission by you or the malfunction, failure or incompatibility of computer equipment you are using at any time to participate in BPAY View.

61 Privacy and BPAY

61.1 In addition to clause 60.2, if you register to use the BPAY Scheme, you:

agree to NAB disclosing to billers nominated by you and if necessary the entity operating the BPAY Scheme (Bpay Pty Ltd) or any other participant in the BPAY Scheme and any agent appointed by any of them including Cardlink Services Limited, that provides the electronic systems needed to implement the BPAY Scheme:
1. such of your personal information as is necessary to facilitate your registration for or use of the BPAY Scheme;
2. such of your transactional information as is necessary to process your BPAY Payments and your use of BPAY View. Your BPAY Payments information will be disclosed to BPAY Pty Ltd, through its agent, the billers financial institution and your information necessary to process your use of BPAY View will be disclosed by BPAY Pty Ltd through its agent, to the biller; and
3. that an event in clause 60.3 (b), (c), (d), (e) or (f) has occurred.

61.2 You must notify NAB, if any of your personal information changes and you consent to NAB disclosing your updated information to all other participants in the BPAY Scheme referred to in clause 61.1 as necessary.

61.3 You can request access or correction to your information held by NAB, BPAY Pty Ltd or its agent, Cardlink Services Limited. For more information on how to access or to correct your information held by NAB please see NAB’s Privacy Policy at www.nab.com.au/privacy or call 13 22 65. For more information on how to access or correct your information held by BPAY Pty Ltd or its agent, please see BPAY’s Privacy Policy at www.bpay.com.au/privacy.aspx.

61.4 You can make a complaint about the way your personal information is handled by NAB, BPAY Pty Ltd or its agent, Cardlink Services Limited. For more information on how you can make a complaint about NAB’s handling of your information, please see NAB’s Privacy Policy available at www.nab.com.au/privacy or call 13 22 65. For more information on how you can make a complaint about BPAY Pty Ltd or its agent’s handling of your information, please see BPAY’s Privacy Policy at www.bpay.com.au/privacy.aspx.

61.5 If your personal information detailed above is not disclosed to BPAY Pty Ltd or its agent, it will not be possible to process your requested BPAY Payment or use of Bpay View. To contact BPAY Pty Ltd please telephone (02) 9646 9222 or email info@bpay.com.au.

Definitions and Interpretation

Part A and B

The following definitions apply throughout the terms and conditions set out in each Part of this booklet, unless otherwise stated. Also, other words used in Parts A and B have the meaning as defined in other Parts of this booklet.

Meaning of words

'account' means your transaction or savings account issued by NAB.

'accountholder' means a person who has an account in their own name or, if in joint names, in respect of which NAB may act on the instructions of any one or more of them.

'banking day' means a day other than a Saturday, Sunday or a day gazetted as a public holiday throughout Australia.

'NAB' means National Australia Bank Limited ABN 12 004 044 937 and its successors and assigns.

'National Australia Group' means National Australia Bank Limited ABN 12 004 044 937 and its related bodies corporate.

'person' includes an individual, a firm, a body corporate, an unincorporated association or an authority.

'you/your' means the accountholder(s) who opens the account and if there is more than one, you means each of them separately and every two or more of them jointly. You includes your successors and assigns and in relation to your rights to operate the account, any other authorised signatory to the account acting within his or her authority.

Interpretation

Reference to Product Disclosure Statement (PDS) in ancillary documents – where the context requires a reference to a Product Disclosure Statement or a PDS for NAB Personal Transaction and Savings Products in any brochure, letter, application form or other document issued by NAB shall be construed as a reference to these terms and conditions.

Part C

Meaning of words

The following definitions apply to Part C only. Other words used in Part C have the meaning as defined in other Parts of this booklet.

'additional NAB Visa Debit cardholder' means a person you have authorised to operate your NAB Visa Debit account and to be issued with a NAB Visa Debit card.

'available balance' means the amount in your NAB Visa Debit account less any outstanding authorisations set out in clause 20.2.

'card' means a card issued by NAB for use in relation to your account. It may include NAB Debit Card, NAB Visa Debit card and Deposit Only Cards.

'card details' means:

Your NAB Visa Debit card number; and
Your NAB Visa Debit card expiry date, as set out on your NAB Visa Debit card or any representation of those details which allow a transaction to be performed.

'cash withdrawal' means cash supplied by use of your NAB Visa Debit card on your NAB Visa Debit account including each such amount converted in accordance with clause 23.2

'contactless authorisation method' means the method of confirming your authority to make a contactless purchase, if any.

'contactless purchase' means a method of authorising purchases:

by waving or tapping a card (which is capable of making a contactless purchase) in front of a contactless reader and without having to insert or swipe the card; or
when available, waving or tapping an eligible mobile phone device in front of a contactless reader to transmit linked card details using Near Field Communication and complying with any required contactless authentication method.

'contactless reader' means an electronic device at a merchant which can be used to make a contactless purchase.

'electronic banking facility' means each banking facility available through the Internet or by telephone from NAB and any other electronic banking facility advised to you by NAB from time to time, including contactless readers.

'merchant' means a provider of goods and services.

'NAB Visa Debit account' means an eligible account issued by NAB which can be linked to a NAB Visa Debit card.

'NAB Visa Debit card' means a card issued by NAB for use on your NAB Visa Debit account and may include a NAB Visa Debit card or a NAB Gold Visa Debit card.

'Near Field Communication (NFC)' is a form of contactless communication available on compatible devices such as smartphones or tablets.

'purchase' means each amount charged by the supplier for the supply of any goods or services purchased by the use of a card (including a BPAY transaction), including each such amount converted in accordance with clause 23.2.

'use' in relation to a card means any physical use of the card, and any notification or use of the card number or any other identifying number or password issued by NAB in relation to the card or the account accessed by the card or to enable the card or the account to be used through an electronic banking facility, and the making of any payment to your account. Some examples of use of a card are:

physical use of the card in an ATM or other terminal device, or by waving or tapping a card at a terminal device including a contactless reader;
physical use of the card in an imprinter in a manually processed transaction;
providing card details to a merchant by telephone or internet or Near Field Communication at a contactless reader;
nominated the card number in a mail order or other authority to a merchant;
entering the card number or any identifying number issued in relation to the account accessed by the card under NAB's Telephone Banking facility into a device connected to that facility; and
any transaction conducted on the account accessed by the card through NAB's Internet Banking facility.

'Visa card scheme' means Visa International Service Association card payment scheme.

'you' means a person to whom the NAB Visa Debit card is issued and which is linked to a NAB Visa Debit account and where relevant, also means an additional NAB Visa Debit cardholder.

Part D

Meaning of words

The following definitions apply to Part D only. Other words used in Part D have the meaning as defined in other Parts of this booklet.

'accountholder' means the person in whose name a nominated account is held.

'ATM' means Automatic Teller Machine.

'business account' means an account that is designed primarily for use by a business and established primarily for business purposes.

'business EFT transaction' means the part of an electronic funds transfer which is the debiting of value from or crediting of value to an account that is designed by NAB primarily for use by a business and established primarily for business purposes.

'card' has the same meaning as set out in the meaning of words for Part C.

'card details' has the same meaning as set out in the meaning of words for Part C.

'cardholder' means a person who has been issued a card or any other person who has been nominated by an accountholder to operate on a nominated account and who has been issued a card, or otherwise authorised by an accountholder to use an accountholder's card or card account details.

'contactless authorisation method' has the same meaning as set out in the meaning of words for Part C.

'contactless purchase' has the same meaning as set out in the meaning of words for Part C.

'contactless reader' has the same meaning as set out in the meaning of words for Part C.

'deposit only card' means a debit card issued by NAB which cannot be used to authorise withdrawals from nominated accounts.

'EFTPOS terminal' means an Electronic Funds Transfer at point of sale terminal.

'EFT transaction' means an electronic funds transfer to or from an account which is initiated through electronic equipment using a card details and/or card, card account details or PIN or contactless authentication method (or a combination of one or more of them) to debit or credit a nominated account but does not include:

any funds transfer which is authorised by a cardholder physically signing a document;
any funds transfer through a NAB channel with separate terms and conditions such as:
1. NAB Telephone Banking; or
2. NAB Internet Banking

'electronic equipment' means any electronic equipment which may be used in conjunction with a card or card account details including but not limited to ATMs, EFTPOS terminals, contactless readers, personal computers, telephones and mobile devices to carry out an EFT transaction.

'ePayments Code' means the ePayments Code issued by the Australian Securities and Investments Commission and subscribed to by NAB on 20 March 2013.

'merchant' has the same meaning as set out in the meaning of words for Part C.

'nominated account' means an account which can be accessed by using your card and PIN and/ or card details as authorised by the accountholder. This also includes an account that you have designated as your main account under clause 30.2.

'PIN' means the Personal Identification Number allocated by NAB or personally selected by you.

'receipt' means a record of an EFT transaction.

'unauthorised transaction' means any EFT transaction where:

you did not engage in or have knowledge of or consent to the EFT transaction even though your card, card account details and/or the correct PIN or contactless authentication method were used to generate the disputed EFT transaction; or
through a technical malfunction you did use your card, card account details and/or PIN and the EFT transaction entered in your nominated account differs in value from the receipt. Please refer to Clause 32.1.

'use' has the same meaning as set out in the meaning of words for Part C.

'you' means a cardholder or an accountholder

Part E

Meaning of words

The following definitions apply to Part E only. Other words used in Part E have the meaning as defined in other Parts of this booklet.

'account' means if you are designated by NAB as a 'personal customer', each account you have, which NAB has determined is accessible by the service and, if you are designated by NAB as a 'business customer', each account which you have nominated in your application for the service as varied by you from time to time.

'authentication service' means a device and/or mechanism issued by NAB designed for secure user authentication to access the service. For example SMS Security or other device or mechanism issued from time to time.

'authorised user' means a person who has been authorised under clause 38 to access or operate an account through the service.

'biller' see clause 59.1.

'billing account' means your account selected by NAB or a user under these terms and conditions as the account to which:

transfers of an amount made from a NAB credit card account to another financial institution are returned if the transaction cannot be successfully completed for any reason; and
fees relating to the service may be debited unless the description of a fee in NAB's personal banking fees brochure specifies another account to which that particular fee will be debited in which case 'billing account' means that other account.

This account may be known on the service as a 'billing account', a 'nominated transaction account', or any other term nominated by NAB from time to time through the service or otherwise.

'BPAY Pty Ltd' ABN 69 079 137 518 of Level 6, 1 York Street, Sydney, NSW 2000. www.bpay.com.au

'BPAY payments' see clause 59.1.

'BPAY view' see clause 59.1.

'business account' means an account that is designed primarily for use by a business and established primarily for business purposes.

'business EFT transaction' means the part of an electronic funds transfer which is the debiting of value from or crediting of value to a business account.

'Cardlink Services Limited' ABN 60 003 311 644, Level 4, 3 Rider Boulevard, Rhodes, New South Wales, Australia. Telephone (02) 9646 9222. www.cardlink.com.au

'cut-off time' in respect of a banking day means, for the purposes of payments or any other purpose under the terms and conditions in this Part E, the time by which the instruction relating to that purpose must be completed, which times are determined by NAB from time to time as follows:

NAB Telephone Banking cut-off times. Refer to clause 59.8.
NAB Internet Banking cut-off times. Refer to the FAQs section at nab.com.au

'Electronic Transactions Act' - means the Electronic Transaction Act 1999 (Cth) and each analogous State and Territory enactment.

'ePayments Code' means the ePayments Code issued by the Australian Securities and Investments Commission and subscribed to by NAB on 20 March 2013.

'FAQs' means the list of Frequently Asked Questions set out in nab.com.au

'merchant' has the same meaning set out in the meaning of words for Part C.

'NAB ID' means a NAB Identification Number issued by NAB.

'password' means the password authorised by NAB for you or an authorised user to use to access the service.

'personal EFT transaction' means an electronic funds transfer to or from accounts using the service which is not a business EFT transaction.

'service' means the service NAB makes available through the Internet and the telephone to enable the receipt and transmission of information (including electronic receipt and transmission of information in relation to an account.

'unauthorised transaction' means any personal EFT transaction which you or an authorised user did not engage in or have knowledge of or consent to even though your NAB ID and/or password or (if relevant) the authorised user's NAB ID and password were used to generate the disputed transaction.

'user authentication' means the authentication service made available by NAB to a user when using the service to make payments or a certain value.

'user' means you or an authorised user or either of these, as the context requires.

'you/your' means an accountholder who has received the terms and conditions set out in this booklet and otherwise you means an accountholder who has accepted the terms and conditions in Part E.

Privacy

This notification covers National Australia Bank Ltd ABN 12 004 044 937 and its related companies (the ‘Group’). It includes all the banking, financing, funds management, financial planning, superannuation, insurance, broking and e-commerce organisations in the Group. The notification tells you how we collect your information, what we use it for and who we share it with. It also points out some key features of our Privacy Policy available at www.nab.com.au/privacy. By providing personal information to us, you consent to the collection, use and disclosure of your information in accordance with this Notification and any other arrangements that apply between us.

How we collect information from you

We’ll collect your personal information from you directly whenever we can, for example when you fill out a form with us, when you’ve given us a call, used our websites (including via cookies) or mobile applications or dropped into one of our branches (See our Cookies Policy www.nab.com.au/cookies for more information). Sometimes we collect your personal information from third parties. You may not be aware that we have done so. If we collect information that can be used to identify you, we will take reasonable steps to notify you of that collection.

How we collect your information from other sources

Sometimes we collect information about you from other sources. We may collect information about you that is publicly available (for example from public registers or social media), or made available by third parties. We do this where:

we distribute or arrange products on behalf of others, including our business partners;
we can’t get hold of you and need to update your contact details;
we need information from third parties about an application you make through us;
we need information for fraud prevention purposes;
we are checking the security you are offering;
we can learn insight about your financial needs, such as through property information;
you have consented to third parties sharing it with us, such as organisations we have loyalty programs with or we sponsor;
at your request, we exchange information with your legal or financial advisers or other representatives.

We may use or disclose information about you in order to combine the information that we hold with information collected from or held by external sources.

When the law authorises or requires us to collect information

We may collect information about you because we are required or authorised by law to collect it. There are laws that affect financial institutions, including company and tax law, which require us to collect personal information. For example, we require personal information to verify your identify under Commonwealth Anti-Money Laundering law.

NAB believes that by applying for this account, you’re not a US citizen or tax resident. If you are a US citizen or tax resident, you’ll need to advise NAB by calling 1300 550 316 between 9am and 5pm (AEST/ADST) Monday to Friday.

How we use your information

We use your information to provide you with the product or service you asked for, and for other purposes including:

giving you information about a product or service, including financial help, guidance and advice;
considering whether you are eligible for a product or service, including identifying or verifying you or your authority to act on behalf of a customer;
processing your application and providing you with a product or service;
administering the product or service we provide you, which includes answering your requests and complaints, varying products and services, conducting market research and managing our relevant product portfolios;
telling you about other products or services that may be of interest to you, or running competitions and other promotions (this can be via email, telephone, SMS, iM, mail, or any other electronic means including via social networking forums), unless you tell us not to;
identifying opportunities to improve our service to you and improving our service to you;
determining whether a beneficiary will be paid a benefit;
assisting in arrangements with other organisations (such as loyalty partners) in relation to a product or service we make available to you;
allowing us to run our business and perform administrative and operational tasks, allowing us to run our business and perform administrative and operational tasks (such as training staff, risk management, developing and marketing products and services, undertaking planning, research and statistical analysis; and systems development and testing);
preventing or investigating any fraud or crime, or any suspected fraud or crime;
as required by law, regulation or codes binding us; and
for any purpose for which you have given your consent.

You can let us know at any time if you no longer wish to receive direct marketing offers from the Group. We will process your request as soon as practicable. Where you have subscribed to something specific (like to hear from one of our sponsored organisations) then these subscriptions will be managed separately. If you no longer wish to receive these emails click the unsubscribe link included in the footer of our emails.

How we use your credit information

In addition to the ways for using personal information mentioned above, we may also use your credit information to:

enable a mortgage insurer or title insurer to assess the risk of providing insurance to us or to address our contractual arrangements with the insurer;
assess whether to accept a guarantor or the risk or a guarantor being unable to meet their obligations;
consider hardship requests; and
assess whether to securitise loans and to arrange the securitising of loans.

What happens if you don’t provide your information to us?

If you don’t provide your information to us, we may not be able to:

provide you with the product or service you want;
manage or administer your product or service;
personalise your experience with us;
verify your identify or protect against fraud; or
let you know about other products or services from our Group that might better meet your financial, e-commerce and lifestyle needs.

Sharing your information

We may share your information with other organisations for any purposes for which we use your information.

Sharing with the Group

We may share your personal information with other Group members. This could depend on the product or service you have applied for and the Group member you are dealing with. Where appropriate we integrate the information we hold across the Group to provide us with a complete understanding of you and your needs, including giving you access to the Group or related products you hold via Internet Banking.

Sharing with the MLC Limited

NAB acts for MLC Limited ABN 90 000 000 402 (described as MLC Life Insurance) in distributing their life insurance products. MLC Limited is no longer part of the NAB Group of companies. We may exchange personal information with MLC Limited or their service providers in order to administer and manage your life insurance products that are issued by them. We may also need to share information so as to ensure:

your insurance premium is calculated correctly (balance information may be required to be shared so your insurance can be calculated) and where authorised, make payments on your behalf to MLC Limited;
insurance claims and benefits are paid;
insurance products are viewable to service customer contact (this includes showing your insurance products in NAB Internet Banking if you have a NAB Internet Banking ID);
NAB and MLC Limited can both tell you about our respective marketing and product offers (including ensuring customers who hold MLC Limited products are excluded from NAB Group campaigns marketing MLC Limited products);
a smooth customer experience when you contact us, including:
we can transfer you to the right service centre;
where appropriate, NAB and MLC Limited can cooperate in order to handle your complaint;
being able to provide assistance should you wish to speak about your MLC Limited products held (for example, where possible, we may assist by updating contact details on request).

Some of the information exchanged will be stored and visible within NAB Group customer databases; with some of these databases being accessible to MLC Limited for a transition period. All information stored in these databases is subject to this privacy policy as well as NAB Group’s security procedures and controls.

Sharing at your request

We may need to share your personal information with your representative or any person acting on your behalf (for example, financial advisers, lawyers, settlement agents, accountants, executors, administrators, trustees, guardians, brokers or auditors); and your referee such as your employer (to confirm details about you).

Sharing with Credit Reporting bodies

When we’re checking your credit worthiness and at other times, we might share information about you with credit reporting bodies. When we give your information to a credit reporting body, it may be included in reports that the credit reporting body gives other organisations (such as other lenders) to help them assess your credit worthiness.

Some of the information that we give to credit reporting bodies may reflect adversely on your credit worthiness, for example, if you fail to make payments or if you commit a serious credit infringement (like obtaining credit by fraud). That sort of information may affect your ability to get credit from other lenders.

With your consent, personal information may also be shared with credit reporting bodies or other approved third parties who are authorised to assess the validity of identification information. These checks help us verify whether your identity is real and are not a credit check.

Sharing with third parties

We may disclose your personal information to third parties outside of the Group, including:

those involved in providing, managing or administering your product or service;
authorised representatives of the NAB Group who sell products or services on our behalf;
credit reporting bodies or other approved third parties who are authorised to assess the validity of identification information;
insurance, investment, superannuation and managed funds organisations, and their advisers and service provider;
medical professionals, medical facilities or health authorities who verify any health information you may provide;
real estate agents, valuers and insurers (including lenders’ mortgage insurers and title insurers), re-insurers, claim assessors and investigators;
brokers or referrers who refer your application or business to us;
other financial institutions, such as banks, as well as guarantors and prospective guarantors of your facility;
organisations involved in debt collecting, including purchasers of debt;
fraud reporting agencies (including organisations that assist with fraud investigations and organisations established to identify, investigate and/or prevent any fraud, suspected fraud, crime, suspected crime, or misconduct or a serious nature);
organisations involved in surveying or registering a security property or which otherwise have an interest in such property
organisations we sponsor and loyalty program partners, including organisations the NAB Group has an arrangement with to jointly offer products or has an alliance with to share information for marketing purposes;
companies we arrange or distribute products for, such as insurance products;
rating agencies to the extent necessary to allow the rating agency to rate particular investments;
any party involved in securitising your facility, including the Reserve Bank of Australia (sometimes this information is de-identified), re-insurers and underwriters, loan servicers, trust managers, trustees and security trustees;
service providers that maintain, review and develop our business systems, procedures and technology infrastructure, including testing or upgrading our computer systems;
payment systems organisations including merchants, payment organisations and organisations that produce cards, cheque books or statements for us;
our joint venture partners that conduct business with us;
organisations involved in a corporate re-organisation or transfer of Group assets or business;
organisations that assist with our product planning, research and development;
mailing houses and telemarketing agencies and media organisations who assist us to communicate with you, including media or social networking sites;
other organisations involved in our normal business practices, including our agents and contractors, as well as our accountants, auditors or lawyers and other external advisers (e.g. consultants and any independent customer advocates);
government or regulatory bodies (including the Australian Securities and Investment Commission and the Australian Tax Office) as required or authorised by law (in some instances these bodies may share it with relevant foreign authorities); and
where you’ve given your consent or at request, including to your prepresentatives, or advisors.

Sharing outside of Australia

We run our business in Australia and overseas. We may need to share some of your information (including credit information) with organisations outside Australia. Sometimes, we may need to ask you before this happens. You can view a list of the countries in which those overseas organisations are located at www.nab.com.au/privacy/overseas-countries-list/

We may store your information in cloud of other types of networked or electronic storage. As electronic or networked storage can be accessed from various countries via an internet connection, it’s not always practicable to know in which country your information may be held. If your information is stored in this way, disclosures may occur in countries other than those listed.

Overseas organisations may be required to disclose information we share with them under a foreign law. In those instances, we will not be responsible for that disclosure.

We will not share any of your credit information with a credit reporting body, unless it has a business operation in Australia. We are not likely to share credit eligibility information (that is, credit information we obtain about you from a credit reporting body of that we derive from that information) with organisations unless they have business operations in Australia. However in the event NAB seeks assistance from a related company to manage defaulting loans, we may need as a consequence to disclose credit eligibility information to the Bank of New Zealand, located in New Zealand. We are likely to share other credit information about you with organisations outside Australia. A list of countries is which those overseas organisations are located is set out above.

Accessing your Information

You can ask us to access information that we hold about you. You have special rights to access credit information we obtain about you from a credit reporting body or that we derive from that information. You can find out how to access your information (including your credit eligibility information) by reading our Privacy Policy, available at www.nab.com.au/privacy or by calling 13 22 65 and asking us for a copy.

Correcting your Information

You can ask us to correct information we hold about you. You have special rights to correct your credit information. You can find out how to correct your information (including your credit information) by reading our Privacy Policy, available at www.nab.com.au/privacy or by calling 13 22 65 and asking us for a copy.

Complaints

If you have a complaint about a privacy issue, please tell us about it. You can find out how to make a complaint (including special rights for credit information complaints) and how we will deal with these complaints, by reading our Privacy Policy, available at www.nab.com.au/privacy or by calling 13 22 65 and asking us for a copy.

Contact Us

We care about your privacy. Please contact us if you have any questions or comments about our privacy policies and procedures. We welcome your feedback.

You can contact us by:

submitting an online Compliments, Suggestions or Complaints form.
calling our contact centre on 13 22 65 (Hearing impaired customers can call TTY 13 36 77)
speaking to us In Person at a branch.

Contact details for Credit Reporting Bodies

When we’re checking your credit worthiness and at other times, we might share information about you with credit reporting bodies. The contact details of those credit reporting bodies are set out below. Each credit reporting body has a credit reporting policy about how they handle your information. You can obtain copies of these policies at their websites.

Dun & Bradstreet Australia

www.checkyourcredit.com.au.
Dunn & Bradstreet’s credit reporting policy is set out within their privacy policy.
Phone: 1300 734 806
Mail: Attention Public Access Centre Dun & Bradstreet Australia PO Box 7405 St Kilda Rd VIC 3004

Experian Australia

www.experian.com.au.
Experian’s credit reporting policy is set out at http://www.experian.com.au/legal/credit-services-privacy.html
Phone: 1300 783 684
Mail: Consumer Support Experian Australia PO Box 1969 North Sydney 2060

Veda Advantage Business Information Services Ltd

www.mycreditlife.com.au.
Veda Advantage’s credit reporting policy is set out at http://www.veda.com.au/privacy

Contact credit reporting bodies if you think you have been the victim of a fraud

If you believe that you have been or a likely to be the victim of fraud (including identity fraud), you can request a credit reporting body not to use or disclose the information they hold about you. If you do this, the credit reporting body mustn’t use or disclose the information during an initial 21 day period without your consent (unless the use or disclosure is required by law). This is known as a ban period.

If, after the initial 21 day ban period, the credit reporting body believes on reasonable grounds that you continue to be or are likely to be the victim of fraud, the credit reporting body must extend the ban period as they think reasonable in the circumstances. The credit reporting body must give you a written notice of the extension.

Contact credit reporting bodies if you don’t want your information used by them for direct marketing/pre-screening purposes

Credit reporting bodies can use the personal information about you that they collect for a pre-screening assessment at the request of a credit provider unless you ask them not to. A pre-screening assessment is an assessment of individuals to see if they satisfy particular eligibility requirements of a credit provider to receive direct marketing. You have the right to contact a credit reporting body to say that you don’t want your information used in pre-screening assessments. If you do this, the credit reporting body must not use your information for that purpose.

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Terms and Conditions

Contents

Summary of Important Information

Customer Service

Lost/Stolen Cards/Compromised Personal Identification Numbers (PINs)

Within Australia

If Overseas

Unauthorised transactions

NAB PIN

ATM emergency

Financial Claims Scheme

About this booklet

Things you should know

Tax File Number Options

Meaning of words

Part A Account terms and conditions

1 Transaction accounts

How will the accounts work?

NAB FlexiPlus Mortgage Accounts and NAB Portfolio/NAB Private Portfolio Sub Accounts

Termination of the account

When will I receive statements?

Eligibility criteria

NAB Retirement account

Who is eligible for this account?

2 Savings accounts

NAB Reward Saver and NAB iSaver accounts

How will the accounts work?

NAB Reward Saver

NAB iSaver

When will I receive statements?

Eligibility criteria

NAB Reward Saver

Who is eligible for this account?

3 Account features – terms and conditions

What interest will I receive?

What electronic access options are available?

What fees are applicable to these accounts?

4 Calculation and payment of Interest

NAB Classic Banking, NAB Gold Banking – Private, NAB Retirement Account, NAB Reward Saver, NAB iSaver, and NAB FlexiPlus Mortgage Account and NAB Portfolio Facility/NAB Private Portfolio Facility Sub Accounts.

NAB Reward Saver account – Bonus Interest

5 Overdrawn accounts

6 NAB 100% Offset arrangement and NAB Portfolio Facility 100% Offset arrangement

Am I eligible for a NAB 100% Offset arrangement, and if so, how do I apply?

NAB 100% Offset arrangement

How will a NAB 100% Offset arrangement change my deposit account?

How will an offset arrangement change my deposit account?

How will NAB 100% Offset change my loan account?

NAB Portfolio Facility 100% Offset arrangement

Am I eligible for a NAB Portfolio Facility 100% Offset arrangement, and if so, how do I apply?

How will a NAB Portfolio Facility 100% Offset arrangement change my accounts?

Payment facilities

8 How is the operation of the account governed?

9 What conditions apply to joint accounts?

10 NAB's right to combine or set-off accounts

11 NAB's right to combine or set off accounts

11A Mistaken internet payments

Part B General Matters – for all accounts, cards and services in this booklet

12 Code of Banking Practice

12A Discretions

13 Notice provisions

14 Complaints

15 Can NAB elect not to apply a fee or charge?

16 Governing law

Part C NAB Visa Debit card terms and conditions

17 Eligibility criteria

18 When do these NAB Visa Debit card terms and conditions apply?

19 NAB Visa Debit card

Additional NAB Visa Debit cards

Use of NAB Visa Debit card and card details

20 Limits on use of your NAB Visa Debit card and card details

21 Processing of transactions by NAB