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The National Australia Bank Business Current Account is suited for businesses who require a day-to-day transaction account.
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What is it?
A day-to-day transaction account with no account service fee. The account has cheque book and GIRO access and interest is paid on credit balances that are over the interest threshold amount.
Benefits you can enjoy
- Flexibility - this facility is designed with the changing needs of your business in mind. It enables you to easily access your available funds whenever it suits your needs.
- Convenience - working capital and transactional needs are met through one consolidated facility.
- Flexibility - you can manage your day-to-day cash flow and any shortfalls in cash through an overdraft facility.
- Accessibility - your facility can be accessed via cheque book and GIRO one of the largest networks in the country
Features at a glance
- A fee structure that is easy to understand and manage.
- The choice of attaching an Overdraft Facility subject to approval
- Personalised cheque books
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Important Facts
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What it costs
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Fees and charges apply. These are set out in National Australia Bank's 'Guide to Fees and Charges - Business Banking' brochure.
If you have in place an approved overdraft facility with the account, debit interest will be charged if the facility is used.
If National Australia Bank, at is discretion, allows you to overdraw the account, including by allowing you to exceed any agreed overdraft limit, you will be charged default interest. Other fees may also apply, such as dishonour and reference fees. A default fee may also apply where the account remains overdrawn for 30 consecutive days (and then again after 60 consecutive days).
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Term
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At call |
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Credit interest rate
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Subject to Minimum Interest threshold amount |
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Minimum interest threshold amount
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$100,000 |
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Minimum amount
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Minimum Opening Balance of SGD100,000 |
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Maximum amount
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Unlimited |
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Terms and conditions
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Available on request |
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Daily transactional time limits for withdrawals and deposits
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2 PM |
where to from here?
If you have more questions or need further assistance, contact your National Australia Bank Relationship Partner or call (65) 6419 6875.
Important information - Earnings on foreign currency deposits are dependent on foreign exchange rates prevailing at the time of maturity of the deposit. Adverse exchange rate movement may erase interest earnings completely or cause loss of principal relative to your home currency.
Any transaction relating to your Deposit Account involves certain risks, including exchange rate risk if it involves converting one currency to another currency. These risks include fluctuation of exchange rates, non-availability of foreign exchange, exchange control, and adverse market conditions or disruptions. You can be exposed to this risk when making deposits which involve currency conversion, or when making withdrawals which involve currency conversion. Our minimum amounts for deposits and account balances may also expose you to similar risks where movements in foreign exchange rates change those minimum amounts which are usually expressed in US Dollars.
The information is current as at December 2008 and is subject to change The information does not purport to be a complete description of the product, is of a general nature only and should not be relied upon in making any decision. The product is only available to approved business customers. © National Australia Bank Limited ABN 12 004 044 937 (incorporated in Australia) UEN S81FC2979B.
National Australia Bank Limited, Singapore. UEN. S81FC2979B.
National Australia Bank Limited ABN 12 004 044 937 is incorporated in Australia.
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