What is a nominated account?
A Nominated Account is the bank account you choose to link to the DIY Super directsaver. An Authorised User can deposit funds to your DIY Super directsaver by transferring funds from your Nominated Account. You can also deposit funds to your DIY Super directsaver from other accounts using electronic direct credit and by using “Third Party Transfers” or “pay anyone” facilities, if they are available on your account at other financial institutions. Some financial institutions require you to register to use a “Third Party Transfer” or “pay anyone” service and may impose daily limits. Please contact your financial institution for more details. If you wish to withdraw funds from your DIY Super directsaver, you must transfer the amount you wish to withdraw to your Nominated Account, and then withdraw the amount from the Nominated Account.