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.
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.
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.
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.
Balances from $0: 0.01% p.a.
n/a
n/a
$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
$1.00
$0.00
$2,000.00
yes
no
yes
yes
yes
yes
yes
none
none
$5.00
$0.00
3.00%
$5.00
$0.00
3.00%
Apple Pay, Google Pay, PayID, Samsung Pay
Good bank, easy to open any account and deal with that bank. Very friendly, helpful and useful customer service . They use to have good interests on term deposits, but not any more.
Read full reviewGood bank, easy to open any account and deal with that bank. Very friendly, helpful and useful customer service . They use to have good interests on term deposits, but not any more.
Pro - no charges for the bank accounts. Con - not many branches local to my home.
Read full reviewPro - no charges for the bank accounts. Con - not many branches local to my home.
Pros: no monthly fee on accounts. Cons: often tellers are rude, condescending, provide wrong information, close peoples accounts during global pandemic then refuse to allow you to open new account.
Read full reviewPros: no monthly fee on accounts. Cons: often tellers are rude, condescending, provide wrong information, close peoples accounts during global pandemic then refuse to allow you to open new account.
Internet banking is appropriate as living out of town.
Read full reviewInternet banking is appropriate as living out of town.
We don't like this bank as they gave us a 30 year loan when we were retiring, and have now lost our home and an investment property. Legal action is current.
Read full reviewWe don't like this bank as they gave us a 30 year loan when we were retiring, and have now lost our home and an investment property. Legal action is current.
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.
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
0.01% p.a.
