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.