NBS Commercial Cheque

Straight forward money management so you can focus on what's happening in your business.

  • Fully functioning transactional account - use ATM's, EFTPOS and cheques, as well as NBS Branches, NBS Mobile and Lifestyle Net
  • Flat monthly fee, or pay as you go options - ask your Account Manager
  • An overdraft can be arranged
  • Regular, comprehensive paper based statements are available
  • Integrate your accounting software to produce comprehensive statements
  • A Cheque and Deposit book available
  • A NBS Debit Mastercard for everyday access to shop, includes on-line and overseas access - rates and fee schedule
  • Access via NBS Mobile and Lifestyle Net
Where dual authorisation (2 or more signatures are required to transact) NBS Mobile has limited functions

Commercial Cheque

No interest paid on Commercial Cheque credit balances. 
Interest Rates are subject to change.

Commercial Cheque Fees

Monthly base fee     $5.00
NBS Mobile and Lifestyle Net withdrawal fees $0.20
EFTPOS withdrawal    $0.50
Other Bank ATM Transaction fees   $1.50
Manual Transactions: Include cheque and staff assisted branch transactions and Lifestyle Net assisted transactions  $0.50

NBS Service Fees

New Automatic Payment/Alter Automatic Payment - Via Branch or Lifestyle Net assisted $5.00
New Automatic Payment/Alter Automatic Payment - Via Lifestyle Net unassisted FREE
New Bill Payment Authorities/Alter Bill Payment Authorities - Via Branch or Lifestyle Net assisted $5.00
New Bill Payment Authorities/Alter Bill Payment Authorities - Via Lifestyle Net unassisted FREE
Unpaid Automatic Payment/Bill Payment $15.00
Bank Cheque Issue $5.00 per cheque
Stopped Cheques $30.00 per cheque
Dishonoured Cheques/Direct Debits $30.00 per item
Cheque Clearance - 2 FREE per suffix, per day; then $0.25 per cheque
Special Answer Clearance on Cheques $30.00 per cheque
Statement Printing $2.00 per page
Overdraft Establishment Fees 1.00% (minimum charge $25.00)
Overdraft Facility Fee (Arranged) 0.18% (minimum charge $5.00) of the limit
Overdraft Facility Fee (Unarranged) 0.25% (minimum charge $20.00) of the highest daily limit
Document Searches $25.00 per half hour (minimum charge $25.00)
NBS Debit Mastercard Annual Card Fee $10.00
NBS Debit Mastercard Replacement Card Fee $10.00
NBS Lifestyle Net and NBS Mobile joining fee FREE

Cash Handling - Cash Transactions

Count While you Wait

Deferred Count

FREE up to $1,000 of notes and for up to $100 of coin per day; and then

$3.00 per $1000 of notes or part thereof, $3.00 per $100 of coin or part thereof per banking

$2.50 per $1000 of notes or part thereof, $2.50 per $100 of coin or part thereof per banking

Fees for cash count are rounded to the nearest $1,000 for notes and $100 for coin per banking

Supplying Notes and Coin to non-NBS Customers  
Notes $5.00 per transaction for the first $1,000, and $2.00 for each subsequent $1,000
Coin $5.00 per transaction for the first $100, and $2.00 for each subsequent $100
Overdrafts are calculated daily, debited monthly on the last business day of each month. Fees are subject to change.

NBS commercial accounts - including cheque and overdraft facilities - are subject to our lending criteria and terms and conditions for each specific product, which are available from any NBS branch.

Commercial Overdraft Facility

Interest rates start from                                                       9.95% p.a.
Interest is calculated daily on any overdraft funds used and charged on the last day of the month. Should you become overdrawn without an arranged limit, the interest rate is charged at 25.00% p.a.
Interest rates are subject to change.
Interest rates for NBS Commercial Lending are determined on a case by case basis. Talk to your NBS lending specialist.

 

Commercial Overdraft Fees

Overdraft Establishment Fees 1.00% (minimum charge $25.00)
Overdraft Facility Fee (Arranged) 0.18% (minimum charge $5.00) of the limit
Overdraft Facility Fee (Unarranged)                                                                                     0.25% (minimum charge $20.00) of the highest daily limit
Default Interest Rate 10.00% p.a. above annual interest rate
Default Administration Fee $25.00
Unarranged Excess Fee 0.25% (minimum charge $20.00) of the highest daily limit
Dishonour Fee $30.00
Insurance Arrears Payment $15.00
Rates Arrears Payment $25.00
Motor Vehicle Security Variation/Security Swap Fee $30.00
Duplicate Statement Fee $15.00
Overdrafts are calculated daily, debited monthly on the last business day of each month. Normal Transaction fees will apply on your account. Fees are subject to change.