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NAB Classic Banking Account (with Standard Visa Debit Card)

Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0.01% p.a.
Go to site

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

Last updated: 17 March 2020.

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What's hot
  • No monthly account fees
  • Unlimited phone and internet transactions
What's not
  • $5 overseas ATM fees
Mozo snapshot

The NAB Classic Banking account is exactly as its name says, a classic everyday banking account. Not only does it come with no monthly fees, but also comes with a full range of advantages that only one of Australia's biggest banks could offer such as a wide network of branches and ATMs to access your money from. Plus, it gives you the option to go for a Platinum Visa Debit Card which comes with a whole range of additional perks.

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Key features

The NAB Classic account has no monthly account fees, no overdrawn fees and no direct ATM fees from any NAB ATM. Access to your account is easy with internet and phone banking, EFTPOS, and of course any NAB branch. Another great point worth noting is that with the NAB classic account you can also do your everyday banking from any Australia Post office.

At no extra cost you can have a VISA debit card with the Classic Banking account so you can shop wherever Visa is accepted (including PayWave). Purchases made with the Visa debit card are covered under Visa's 90 day purchase protection and Verified by VISA protection services should you become the victim of fraud.

The NAB Classic Banking comes with NAB Defence security promise, giving you the satisfaction of knowing your account is protected against fraud.

The NAB classic account also has a foreign exchange commission of 3% and an overseas ATM withdrawal fee of $5.

If you do opt for the Platinum Visa Debit Card, you will have to pay a $10 monthly fee, but you'll be rewarded with a host of neat features like no foreign currency fees on international purchases and a monthly cashback offer on your contactless payments. 

If that isn't enough to sway you, the NAB Platinum Visa Debit Card will also offer you a range of complimentary insurances like overseas travel, price and purchase protection and extended warranty insurance as well as access to NAB's 24/7 Concierge Service to help you organise any hotel or restaurant reservations. 


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Who is it good for

The NAB Classic banking account is a good option for anyone looking to open an everyday bank account that has no fees and flexible access options. Or if you want to pay a small monthly fee you can also nab a few more platinum perks to spice up your everyday banking experience.

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Any catches

As with most everyday bank accounts there is minimal interest to earn on your savings but you could always just link to a NAB iSaver and transfer cash over whenever you need it.

Details

Rates and fees information correct as at 24 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
  • $0.00

  • 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

  • 3.00%

  • $0.00 monthly

Other financial bits
  • $1.00

  • $0.00

Features
  • $2,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • none

  • none

Atm card
  • $5.00

  • $0.00

  • 3.00%

Debit card
  • $5.00

  • $0.00

  • 3.00%

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 3886 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 Standard Visa Debit Card)

  • Overall 8/10
    Good service.

    I like the friendly service.

    Read full review

    I like the friendly service.

    Price
    -1/10
    Features
    -1/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Skye, New South Wales reviewed about 23 hours ago
  • Overall 8/10
    Good account and service.

    NAB has good service, security and product.

    Read full review

    NAB has good service, security and product.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Glenn, New South Wales reviewed about 23 hours ago
  • Overall 9/10
    They satisfy my financial requirements.

    I find the NAB provides everything I need, and 90% of our dealings are conducted online. The staff are always knowledgeable and provide a tremendous service for us when we have queries. I didn't mark them as excellent, because I believe their hierarchy is paid far too much (as is all financial institutions), and their enormous profits are for their shareholders, not their customers. I'm positive that investment interest rates would be better than they are if the hierarchical costs were trimmed.

    Read full review

    I find the NAB provides everything I need, and 90% of our dealings are conducted online. The staff are always knowledgeable and provide a tremendous service for us when we have queries. I didn't mark them as excellent, because I believe their hierarchy is paid far too much (as is all financial institutions), and their enormous profits are for their shareholders, not their customers. I'm positive that investment interest rates would be better than they are if the hierarchical costs were trimmed.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    John, Queensland reviewed 3 days ago
  • Overall 1/10
    Very poor service

    I have requested NAB bank to sign a form. I have tried to chase it up with the bank and no help has been given. The local branch manager refused to speak with us and I only get a run around on the phone. It seems I have no access to the paperwork which they have. I will be closing my account as soon as possible.

    Read full review

    I have requested NAB bank to sign a form. I have tried to chase it up with the bank and no help has been given. The local branch manager refused to speak with us and I only get a run around on the phone. It seems I have no access to the paperwork which they have. I will be closing my account as soon as possible.

    Price
    -1/10
    Features
    -1/10
    Customer service
    1/10
    Convenience
    1/10
    Trust
    1/10
    Less
    Corey, New South Wales reviewed 8 days ago
  • Overall 9/10
    Easy-to-manage bank accounts

    This bank is very reliable. The app is easy and simple to use. Customer service is good, they were very helpful with questions and any suspicious activity.

    Read full review

    This bank is very reliable. The app is easy and simple to use. Customer service is good, they were very helpful with questions and any suspicious activity.

    Price
    9/10
    Features
    -1/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jess, Victoria reviewed 24 days 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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