Thumbnail icon for NAB

NAB Classic Banking Account (with Platinum Visa Debit Card)

Account fee
$10.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0.01% p.a.

Mozo editorial review NAB Classic Banking Account (with Platinum Visa Debit Card)

Last updated: 13 January 2020.

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What's hot
  • Customer perks, including extended warranty and travel insurance
  • NAB concierge services
  • No overseas purchases fees
What's not
  • $10 monthly account fee
Mozo snapshot

The NAB Classic Banking Account has an option for a Platinum Visa Debit Card, which has a bunch of fairly unique features for a debit card, including travel insurance, purchase protection and 1% cashback on cashless purchases (up to $10 a month). This is on top of the usual benefits of unlimited free transactions over the phone, online and in branch. However, there is a $10 monthly account fee.

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Key features

The Platinum Visa Debit Card is a different sort of debit card, in that is has some of the features you might expect to see on a credit card.

For starters, it comes with 7 complimentary insurances, including overseas travel insurance, domestic hotel burglary insurance, extended warranty insurance and purchase protection insurance.

You’ll also have access to the NAB Concierge Service, which can be used to help book hotels, tickets to events and make restaurants reservations.

Another one of the more distinctive features of the Platinum Visa Debit Card is its contactless purchases cashback offer. For purchases you make using Visa payWave, NAB Pay or Fitbit Pay you’ll get 1% back, up to $10 a month.

If you are travelling or ordering overseas products online, you won’t be charged any overseas fees, or foreign exchange commission, making traveling and online shopping all that much better.

And while very small, the account will also earn 0.01% interest.

But all this value does come with a price tag - there’s a $10 monthly fee to take into account.

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Who is it good for

The NAB Classic Banking Account with Platinum Visa Debit Card is great for a spender who’s in the market for a debit card, but still keen to cash in on some premium perks usually reserved for credit cards.

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Any catches

The NAB Classic Banking Account with Platinum Visa Debit Card has a $10 monthly account fee. This can add up if you aren’t using any of the services and not getting any money back through its cashback program.

Details

Rates and fees information correct as at 19 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.01% p.a.

  • n/a

  • n/a

Fees
  • $10.00

  • n/a

  • Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone, internet and Visa debit purchases

  • $0.00

  • NAB

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 0%

  • $0.00 monthly

Other financial bits
  • $1.00

  • $0.00

Features
  • $2,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • none

  • 1% cashback on contactless payments up to $10/month. Range of complimentary insurances including travel, 90 day purchase protection, extended warranty and price protection

Atm card
  • $5.00

  • $0.00

  • 0%

Debit card
  • $5.00

  • $0.00

  • 0%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

Customer Reviews

How are NAB bank accounts rated by the Mozo community?

Overall
7.7/10

Based on 3881 NAB bank account reviews

Price
7.3/10
Features
6.7/10
Customer service
7.7/10
Convenience
7.9/10
Trust
7.7/10

Latest reviews of NAB Classic Banking Account (with Platinum Visa Debit Card)

  • Overall 5/10
    Better interest rates would be appreciated.

    Disappointed that the bank doesn't offer incentives for loyalty but happy with security.

    Read full review

    Disappointed that the bank doesn't offer incentives for loyalty but happy with security.

    Price
    4/10
    Features
    6/10
    Customer service
    4/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Nadine, Victoria reviewed 24 days ago
  • Overall 8/10
    Great to deal with NAB

    Very user friendly and great technology that makes banking online easy. Competitive fees and interest rates.

    Read full review

    Very user friendly and great technology that makes banking online easy. Competitive fees and interest rates.

    Price
    10/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Natalie, Queensland reviewed 29 days ago
  • Overall 7/10
    NAB are the best.

    Great personal service via phone and email. Based in Australia is a huge advantage.

    Read full review

    Great personal service via phone and email. Based in Australia is a huge advantage.

    Price
    7/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Rod, New South Wales reviewed about 1 month ago
  • Overall 1/10
    Don’t trust them

    A lot of the branches are closing or have closed. Banking through the ATM isn’t reliable and if it takes your money it takes days to get it back. Not personal we used to have a bank manager that would look after you and your business but not now. To long and to hard to get loans approved, ridiculous policies.

    Read full review

    A lot of the branches are closing or have closed. Banking through the ATM isn’t reliable and if it takes your money it takes days to get it back. Not personal we used to have a bank manager that would look after you and your business but not now. To long and to hard to get loans approved, ridiculous policies.

    Price
    5/10
    Features
    3/10
    Customer service
    -1/10
    Convenience
    1/10
    Trust
    1/10
    Less
    Leigh, New South Wales reviewed about 2 months ago
  • Overall 7/10
    Fraud dept awesome - branch service lacking.

    When my personal details were stolen and my accounts emptied NAB were very quick to investigate and return every penny of the thousands that were stolen. The only issue I have ever had was with the same issue where my replacement cards weren’t ordered by the branch and it took nearly a month until I had all new credit/debit cards back in my wallet.

    Read full review

    When my personal details were stolen and my accounts emptied NAB were very quick to investigate and return every penny of the thousands that were stolen. The only issue I have ever had was with the same issue where my replacement cards weren’t ordered by the branch and it took nearly a month until I had all new credit/debit cards back in my wallet.

    Price
    7/10
    Features
    4/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Nick, New South Wales reviewed 2 months ago
NAB

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

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