NAB bank accounts

3.9
Based on 4,242 NAB bank account product reviews.
Fact Checked
Last updated

Overview

NAB is one of Australia’s ‘big four banks’, offering a variety of financial products that cater to different needs. Whether you’re looking to manage everyday expenses, pay your bills, or make a purchase online, NAB may be able to provide the solutions you need.

With useful features, a user-friendly app, and a wide range of banking services, NAB can help to simplify your banking experience and assist you in achieving your financial goals.

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Editor's review: NAB Classic Banking Account

Classic Banking Account

  • with Standard Visa Debit Card
Account fee
$0.00
Payment options
Apple Pay, Google Wallet, PayID, Samsung Pay
Interest rate
0.00 % p.a.
No Partner link
  • Apply online in less than five minutes

  • No monthly account, ATM or overdrawn fees

  • Eligible for NAB Goodies rewards and cashback program

  • International transaction and ATM withdrawal fees

Our verdict

The NAB Classic Banking Account offers a simple solution for those seeking easy access to their funds while managing everyday transactions. With no monthly account fees, it provides a cost-effective way to handle your banking needs.

You can make unlimited transactions, including withdrawals and transfers, which makes it ideal for daily expenses. The account also allows you to access your funds through various channels, including online banking, the NAB app and fee-free ATM withdrawals.

You’ll also be enrolled in the NAB Goodies rewards program , giving you the opportunity to receive personalised cashback offers on a range of goods and services.  

While there are no interest earnings to be had, you won’t be charged fees if your account becomes overdrawn. However, you may be charged interest if your account is in the negative.

It’s worth considering how this account compares to other banking options, particularly if you're looking for features like higher interest rates or more comprehensive savings solutions. Always review your options to find the best fit for your financial situation.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank accounts here.
Last updated 15 December 2024 Important disclosures

NAB bank accounts

  • Classic Banking Account

    • with Standard Visa Debit Card
    Account fee
    $0.00
    Payment options
    Apple Pay, Google Wallet, PayID, Samsung Pay
    Interest rate
    0.00 % p.a.
    No Partner link

  • Classic Banking Account

    • with Platinum Visa Debit Card
    Account fee
    $10.00
    Payment options
    Apple Pay, Google Wallet, PayID, Samsung Pay
    Interest rate
    0.00 % p.a.
    No Partner link

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NAB bank account ratings

Overall customer rating for NAB bank accounts

3.9
Based on 4,242 product reviews.

Customer reviews

Important disclosures

FAQs

Is NAB a safe place to keep my money?

NAB is an Authorised Deposit-taking Institution (ADI) regulated by the Australian Prudential Regulation Authority (APRA). This means your deposits are protected under the Australian Government's Financial Claims Scheme, ensuring that up to $250,000 is safeguarded.

What do I need to open an account?
  • You must be at least 14 years old
  • Relevant identification documents
  • You must be an Australian resident for tax purposes
How do I apply?

Apply online through the bank’s website or over the phone.

How many bank accounts can I open?

You can open multiple NAB bank accounts.

How do I set up online banking?

To set up online banking, visit the NAB website and register for online banking. Provide your personal details. Once registered, manage your account via your digital profile on the bank’s website or app.

Are there any fees?

There are no monthly account-keeping fees, domestic ATM withdrawal fees or overdrawn account fees. However, you may be charged interest if your account is in the negative. Additionally, international transaction and ATM withdrawal fees apply.

How do I close my account?

The fastest and simplest way to close your account is through NAB Messaging in the NAB app or via NAB Internet Banking. You can also call the bank’s customer service number. Before you close your account, remember to:

  1. Ensure your account balance is zero ($0.00).
  2. Cancel any recurring payments and direct debits.
  3. Confirm all recent transactions have cleared (these can take a few days to update from ‘pending’ to ‘posted’). You can check this in the NAB app.
  4. Clear any outstanding cheques.

NAB products

Bank account quick links


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While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.