NAB Digital Banking 2

Question 1

What is PayID primarily used for in NAB digital banking?

Accepted Answer

Sending money using a phone number or email instead of BSB and account number

Answer

PayID lets NAB customers send and receive money using an easy-to-remember identifier like a mobile number or email instead of a BSB and account number.

Question 2

Which digital payment service allows NAB customers to make near real-time payments 24 hours a day, 7 days a week?

Accepted Answer

Osko

Answer

Osko, powered by the New Payments Platform (NPP), enables near real-time payments between participating banks including NAB at any time of day.

Question 3

BPAY is primarily designed for NAB customers to:

Accepted Answer

Pay bills using a biller code and customer reference number

Answer

BPAY allows NAB customers to pay bills electronically by entering the biller's code and their customer reference number through internet or mobile banking.

Question 4

What does NAB's PayTo service allow authorized third parties to do?

Accepted Answer

Initiate pre-authorized payments directly from a customer's NAB account

Answer

PayTo allows businesses and services to initiate real-time payments from a customer's bank account once the customer has set up and approved a PayTo agreement.

Question 5

When registering a PayID with NAB, which of the following CANNOT be used as an identifier?

Accepted Answer

Passport number

Answer

NAB supports PayID registration using a mobile number, email address, or ABN, but a passport number is not a valid PayID identifier.

(NAB) National Australia Bank Practice Test

(NAB) National Australia Bank Practice Test

NAB Digital Banking 2