NAB cuts fees on business transaction accounts

NAB said yesterday that they have abolished the following business fees: No more overdrawn fees up to $1,000, No fees for cheques that are dishonoured. Whether you have a cheque bounce or someone paying you does, you won’t be charged, No fees for electronic payments that are dishonoured, No fees for deferring your periodic payments.

If you happen to have insufficient funds in your account to meet a recurring scheduled payment, you won’t be charged when the payment is deferred to a later time. No Cash-Handling Fee for deposits or withdrawals made over the counter.

Source: NAB