5 Easy Ways to Save for a Home Deposit Faster

The right first investment can help you build equity, benefit from capital growth, and set yourself up for bigger opportunities sooner. You don’t need the perfect property, you just need the right one to start your journey. This isn’t about restricting every joy in your life, it’s about getting clarity. When you understand your habits, you can spot patterns, cut unnecessary expenses, and reallocate that money toward your deposit. Below are five easy, practical ways to help you build your deposit faster without burning out or giving up on your goals. Read our guide to help you prepare to move away from cheques and find secure alternatives to pay and get paid.

Bank@Postallows you to carry out your day-to-day banking at over 3,400 Australia Post outlets across Australia. It’s available to personal and business banking customers as a convenient and flexible way to make cash or cheque deposits. Avoid branch queues and learn how to use our self-service machines and digital banking options. As soon as your information is received, we process your application and provide you with a fast decision within an hour. Once approved your cash is deposited into your bank account by 3pm Here on the same day.

One of the simplest and most effective ways to fast-track your deposit is to automate your savings. Set up a direct debit from your everyday account into a separate savings account the same day you get paid. This way, saving becomes automatic, and you won’t be tempted to spend what you don’t see. You must complete an online deposit form for each bag before your cash-only (digital) EBD bags are dropped off at the branch.

• For customers who are currently set up with the EBD service, you can order EBD cash-only (digital) bags at a branch, through your banker or servicing team, or online.
• You can deposit up to $5,000 in cheques over a seven-day period without the need to go to a branch.
• Please remember the cash-only (digital) bags and the online form must be used together.
• If you’re a business customer, you can deposit cash and cheques using barcoded deposit slips linked to your nominated NAB transaction account.

What are Fast Payments?

We pride ourselves on our personalised and speedy customer service, so please do not hesitate to get in touch. After your loan is funded, repayments are debited in line with your pay cycle and further details can be found on our FAQs. We are easily contactable and here to help so please feel free to contact us if you have any questions. Book a FREE strategy call with Search Property and take the guesswork out of your property journey.

Using a Fast Deposit Kiosk

Lenders love seeing consistent saving habits, and automated transfers give you a documented track record of financial discipline. It’s a smart move if you’re preparing to apply for a mortgage, and it removes the mental effort of remembering to save each payday. To use the online deposit form, you must order and receive our EBD cash-only (digital) bags. Each business entity must only use their allocated EBD cash-only (digital) bags when submitting the online deposit form. You can deposit up to $5,000 in cheques over a seven-day period without the need to go to a branch. Reaching your deposit goal isn’t just about cutting out coffees or saying no to nights out.

Can I capture Agent Numbers when submitting my deposit?

You can use our locations tool to find your closest NAB branch and its opening hours. If you’re a business customer whose business has multiple locations, you may be interested in exploring opportunities for cash collection. Yes, the fast deposit code can be shared and used by anyone authorised by you. A fast deposit code can be printed or sent to a customers’ email address.

NAB is not responsible for any delays or losses due to the use of an incorrect EBD bag or deposit forms. From 1 November 2022, we will only accept cash-only (digital) EBD bags and will no longer accept the ‘old’ EBD bags and paper deposit slips. Please note that Agent Banks, Credit Unions and selected NBFI customers are exempt and must continue using paper slip deposit EBD bags (made up of a cash and non-cash compartment).

Any advice on our website has been prepared without considering your objectives, financial situation or needs. Credit applications are subject to credit assessment criteria. Target Market Determinations for our products are available at nab.com.au/TMD. From 4 April 2022, the EBD paper deposit slip will be replaced with an online deposit form. This form must be completed prior to dropping your EBD cash-only (digital) bags off at a branch.

Please approach branch staff as they will investigate and Fezbet lodge a dispute form. When you’re ready to take the next step, be sure to align your financial goals with the right strategy. Don’t share the EBD cash-only (digital) bags because they are linked to your individual business entities.

It’s about building a smart, structured plan that works for you. With clear targets, better habits, and the right support, you’ll be surprised at how quickly your savings can grow, even in a challenging market. If you’re serious about getting into property, whether it’s your first home or your first investment, reaching your deposit goal is possible.

Create and provide a PayID instead of your BSB and account number to pay and get paid more easily. Once set up, you can also create a PayToNAB Internet Banking terms and conditions. Fast Payments refers to all online domestic payments made using the New Payments Platform. ANZ Coin Deposit Machines allow customers to deposit loose coins at selected Smart ATMs simply and easily. Raise it immediately with the branch staff who will be able to lodge a dispute form.