NAB Classic Banking Account (with Platinum Visa Debit Card)

$10.00

NAB, rediATM

Visa Debit or
EFTPOS

NAB Classic Banking Account (with Platinum Visa Debit Card) Review

Rates and fees information correct as at 14 December 2018.

Review published: 23 August 2018

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.

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.

To kick it off it comes with 7 complimentary insurances, including overseas travel insurance, domestic 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 it’s 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.

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.

Who it's 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.

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.

How are NAB bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.7

Based on 3606
NAB bank accounts reviews

7.2 6.7 7.7 7.9 7.7

Read NAB bank account reviews by the Mozo community

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

NAB

NAB Classic Banking Account (with Platinum Visa Debit Card) bank account review

Overall rating   10 / 10

Very good bank to their clients

I have never had a problem with NAB and I've been with them for over 4 year's. I have never heard anyone really rank the bank badly; it's a good bank.

Full review

I have never had a problem with NAB and I've been with them for over 4 year's. I have never heard anyone really rank the bank badly; it's a good bank.

    Price   8 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   7 / 10

Less

Matthew, Queensland, reviewed about 18 hours ago

NAB

NAB Classic Banking Account (with Platinum Visa Debit Card) bank account review

Overall rating   8 / 10

Their competitive premiums are on par

I am very happy with NAB. There customer service is great and they are very helpful. Whenever I cannot access the bank and call them they always give me time.

Full review

I am very happy with NAB. There customer service is great and they are very helpful. Whenever I cannot access the bank and call them they always give me time.

    Price   10 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Margaret, Queensland, reviewed 15 days ago

NAB

NAB Classic Banking Account (with Platinum Visa Debit Card) bank account review

Overall rating   7 / 10

Better than your average bank

Solid bank, nothing stands out but it does everything well.

Full review

Solid bank, nothing stands out but it does everything well.

    Price   7 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Micky, New South Wales, reviewed 18 days ago

NAB

NAB Classic Banking Account (with Platinum Visa Debit Card) bank account review

Overall rating   5 / 10

NAB is a good bank

NAB is a good bank however it is also expensive considering how much you a pay a month despite getting no bonuses, rewards or doing over withdrawals.

Full review

NAB is a good bank however it is also expensive considering how much you a pay a month despite getting no bonuses, rewards or doing over withdrawals.

    Price   4 / 10

    Features   3 / 10

    Customer service   3 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Catherine, Western Australia, reviewed 22 days ago

NAB

NAB Classic Banking Account (with Platinum Visa Debit Card) bank account review

Overall rating   2 / 10

Customer service is only a corporate slogan

Banks are no longer interested in the little guy and this certainly applies for NAB.

Full review

Banks are no longer interested in the little guy and this certainly applies for NAB.

    Price   1 / 10

    Features   1 / 10

    Customer service   3 / 10

    Convenience   3 / 10

    Trust   3 / 10

Less

Peter, New South Wales, reviewed 22 days ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • Balances from $0: 0.01% p.a.

  • none

  • n/a

Fees

  • $10.00

  • none

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

  • $0.00

  • NAB, rediATM

  • $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%

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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