NAB Cheat Sheet 2026

The 30 highest-yield NAB facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Which type of risk arises when a borrower fails to meet their contractual debt obligations to a bank? → Credit risk
2. A bank experiences a cyber breach that exposes customer data. Which type of insurance is specifically designed to cover costs associated with this event? → Cyber liability insurance
3. Which of the following is a FIXED expense in a household budget? → Monthly mortgage payment
4. Complete the pattern: AZ, BY, CX, DW, ___. → EV
5. What does a 'comparison rate' in NAB's loan advertising represent? → The true cost of the loan incorporating most fees and charges into a single annual rate
6. Which word does NOT belong: Savings, Checking, Investment, Mortgage, Withdrawal? → Withdrawal
7. Which level of NAB's Know Your Customer (KYC) verification requires source-of-funds documentation? → Enhanced Due Diligence level
8. What is 'gearing' in an investment context? → Using borrowed money to increase the size of an investment position
9. For federal estate tax purposes, the death benefit of a life insurance policy owned by the decedent at death is treated how? → Included in the gross estate at the full face amount (death benefit)
10. What is a key feature of a NAB Term Deposit compared to a standard savings account? → A fixed interest rate for a set term
11. In the context of NAB home lending, what does a borrower's 'equity' represent? → The difference between the property's current value and the outstanding loan balance
12. A Charitable Remainder Unitrust (CRUT) pays income beneficiaries what type of distribution? → A fixed percentage of the trust's fair market value each year
13. In NAB's interest rate structure, which level of the cash rate set by the RBA most directly influences NAB's standard variable home loan rate? → The RBA's official cash rate target
14. What is a debt-to-income ratio? → The percentage of gross monthly income that goes toward paying debts
15. Which ICC publication governs the rules for Letters of Credit used in international trade? → UCP 600
16. Why is it important to start saving for retirement early? → Compound interest has more time to grow, significantly increasing the final amount
17. Which type of inherited retirement account distribution is generally fully includible in the beneficiary's gross income? → Inherited Traditional IRA distributions
18. What is the primary benefit of NAB's virtual card feature for online shopping? → It provides a separate card number for secure online transactions to reduce fraud exposure
19. What does the Incoterm 'CIF' require the seller to arrange? → Cost, insurance, and freight to the destination port
20. What is the primary estate planning purpose of a Qualified Personal Residence Trust (QPRT)? → Transfer a personal residence to heirs at a reduced gift tax value
21. Under NAB's Anti-Money Laundering (AML) framework, which transaction monitoring level triggers mandatory reporting to AUSTRAC? → Transactions above the threshold triggering a Suspicious Matter Report
22. What is a phishing attack in the context of banking? → A fraudulent attempt to obtain sensitive information by disguising as a trustworthy entity
23. Which biometric authentication option does the NAB mobile app support on compatible devices? → Fingerprint and Face ID to log into the app
24. NAB's Fraud Money Back Guarantee covers customers who: → Were victims of unauthorized fraud with no fault of their own and promptly reported it
25. If P implies Q and Q implies R, which statement must be true? → P implies R
26. If the cost of a Facebook click continued to fall at the same rate as in April and May, how much will a click cost in July? → 8.58 cents
27. Under NAB's commercial property finance, what is a typical Loan-to-Value Ratio (LVR) ceiling for a standard commercial real estate purchase? → 70%
28. Which of the boxes is next in the sequence? → A
29. Which documents does NAB primarily use to verify the income of a PAYG employee applying for a home loan? → Recent payslips and an annual PAYG payment summary
30. What was the worth of oil produced in February, according to February's oil prices? → $1,170,000