What is the NAB ITD service?

The NAB ITD service makes it easy to establish and manage term deposits on behalf of your clients. It’s a simple process that involves a one-time application form and an ongoing authority for you to act on your clients’ behalf for the life of their investments.

Step1: Distribution Agreement

Your Australian Financial Services License (AFSL) must hold a Distribution Agreement with NAB. This establishes a relationship between both parties and warrants the acceptance of Know Your Client (KYC) and Anti-Money Laundering (AML) requirements.

Step 2: Written Authority

You and/or your authorised representatives can raise or extend a term deposit on behalf of your client after they appoint you as their Nominated Representative on their application form.

Step 3: Receive notices and provide instructions

You and your client will receive notices regarding their term deposit and you’ll be able to provide maturity instructions on their behalf.

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