Overview of Services offered by NAB Online Banking?

Answer 1

The National Australia Bank, or NAB, is a large multinational banking and financial service company. Though primarily based in Australia, it has branches in the U.S., Asia, the U.K., and New Zealand. This bank has a reputation for being stable and offering good returns to shareholders. According to its literature, it tries to implement a philosophy of help, guidance, and advice in its corporate/financial operations.

NAB offers versatile and well integrated online banking for both business and personal banking needs. The following are some of the features that NAB online banking includes:

Account Summary

The online banking platform offers a thorough account summary. This summary gives current balances for any account that is linked under the same name. It also offers information on any investments and insurance that the account holder may possess. It also shows transaction history and gives a general account overview. Finally, a summary of Share Portfolio Holdings can be viewed with a valid NAB ID.

Bill Payments

NAB online banking offers online bill payment services. This allows billers to automatically bill the account holders account on a regular basis. These billers must be part of the BPAY program in order for this service to be implemented. A large list of companies that participate in the BPAY program can be found on the online banking pages.

The online banking also offers the functionality of customers receiving electronic billing through their accounts. Billing statements are generated in electronic form and the customer can elect to receive email alerts that bills have been sent.

Stop Payments for Cheques

Stop payments can be made for cheques through the NAB online banking system. The customer can perform this function easily as long as they have the cheque number and the account number. The account holder must have debit access for the account on which the cheque is drawn.

Funds Transfers

With NAB online banking customers can make funds transfers between any linked NAB bank accounts. The account holder can even make multiple funds transfers into a number of different accounts simultaneously. This function is not used for transfers to MasterCard or Visa account. These kinds of transfers can, however, are done using the online bill pay function.