![]() ![]() ![]() It can help to time them to go out just after your pay comes in. ![]() Know when direct debits or periodic payments are due from your account.Remember that your balance can take a while to update after some transactions, like withdrawals on non-NAB ATMs. Any sort of debit can overdraw your account, including any fees that we charge you. You have seven days to return the overdrawn amount to your account before default interest is charged. It’s important that you monitor your account to ensure it does not become overdrawn. We've abolished fees for overdrawn accounts, but if we let the transaction go through, you might be charged interest (at our default rate) on the overdrawn amount for the period of time your account remains overdrawn. If you try to make a transaction that'll overdraw your account (or exceed your agreed overdraft limit), we may honour or decline the transaction. Learn how to cancel a direct debit How to avoid overdrawing your account To cancel direct debits withdrawn from your NAB accounts follow our simple direct debit guide. not NAB) to your NAB account, follow our handy guide. To change a direct debit from an account held with another financial institution (i.e. Learn how to manage payments and transfers online Cancelling and changing direct debits This can be done in NAB Internet Banking or the NAB app. You can set up periodic payments from your account to go out daily, weekly, fortnightly or monthly. You'll need to monitor your payments through NAB Internet Banking, the NAB app, NAB Connect or by looking at your statements for any payment failures. You'll no longer receive an email or letter advising you if your direct credit, direct debit or periodical payment hasn’t been paid. Learn more about regular payments Changes to rejected payment notifications While regular payments from your debit card or credit card are called recurring payments. Regular payments from a deposit account, such as your transaction account, are called direct debits. ![]()
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