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Cover your everyday expenses with confidence
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When life gets busy, it’s easy to lose track of how much money you have in each account.
Overdraft Protection can make your life easier by linking an overdraft facility to your NAB Choice Package FlexiAccount or NAB Private Tailored FlexiAccount to provide you with extra funds when you need them, up to an agreed limit. This means you can go about your day-to-day business knowing that your account will cover direct debits, loan repayments and unexpected expenses, without incurring overdrawn fees.
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| Overdraft limit available |
Minimum $500, up to a maximum of:
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$10,000 - NAB Choice Package
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$50,000 - NAB Private Tailored Package
Subject to approval. To request higher limits than this, please apply for the NAB Personal Overdraft.
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| Transaction amount |
There is no restriction on how much or how little you use of your overdraft, as long as it is within your agreed limit.
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| Convenient access to funds |
Access to extra cash whenever you need it, via:**
- ATMs
- EFTPOS
- NAB Internet Banking
- NAB Telephone Banking
- NAB Branches
- NAB Cheques
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| Attach to your NAB everyday banking account |
Accessing your overdraft facility is easy through one of the following everyday transaction accounts
Please contact your banker or call 13 13 12 for more details.
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| Repayment methods |
The amount owing is reduced automatically when money is credited to your transaction account. |
| Interest rate |
Personal Lending Base Rate, plus 4% pa. You only pay interest on what you use. View our current Rates, fees and charges.
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| Fees and charges |
No application fee
No Half yearly Overdraft Line Fee. View our current Rates, fees and charges.
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| More information |
See our frequently asked questions.
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| How to apply? |
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Its easy to apply for an overdraft. To apply:
Hearing impaired customers with telephone typewriters can contact us on 13 36 77 from 8am to 8pm EST, Monday to Friday.
When you apply, you'll need:
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An eligible NAB transaction account or identification to satisfy an AUSTRAC 100 point test (if you are a new customer)
- Your driver's licence details
- The value of your home and car, if applicable, and any other assets
- The amount owing on your loans, credit cards or store cards
- Your income and employment details
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** Subject to the fees payable on your transaction account.
Terms and conditions available upon application. Fees and charges are payable. Subject to NAB credit assessment criteria.
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