NAB Classic Banking Account (with Standard Visa Debit Card)

$0.00

NAB

Visa Debit or
EFTPOS

NAB Classic Banking Account (with Standard Visa Debit Card)

$0.00

NAB

Visa Debit or
EFTPOS

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

Last updated: 18 December 2018.

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. It has no monthly fees and 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.

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 NAB Defence security promise, giving you the satisfaction of knowing your account is protected against fraud.

The NAB classic account also has the 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. 


Who it's 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.

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 20 February 2019. 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.

  • none

  • n/a

Fees
  • $0.00

  • none

  • 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%

Customer Reviews

How are NAB bank accounts rated by the Mozo community?

Overall customer rating
7.7/10

Based on 3614 NAB bank account reviews

Price
7.2/10
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
    10/10
    A professional Banking experience

    Overall I can't fault NAB. Customer service is a ten. When it comes to products like interest...

    Overall I can't fault NAB. Customer service is a ten. When it comes to products like interest rates and term deposit I can't be in better hands. I left one of the top four Banks for the lack of the care factor with all of the above products. I would be the first person to recommend my family and friends to join NAB. I'm very impressed with the management and staff of the National Australia Bank. Keep up the great work.

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Greg | Tasmania

    reviewed 29 days ago

  • Overall
    8/10
    Easy to bank with

    It is great not having charges to my account. It is also easy to transfer funds.

    It is great not having charges to my account. It is also easy to transfer funds.

    Price
    8/10
    Features
    -1/10
    Customer service
    5/10
    Convenience
    10/10
    Trust
    8/10

    Peter | Queensland

    reviewed 30 days ago

  • Overall
    10/10
    Good

    One of the best banks I've been with.

    One of the best banks I've been with.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    10/10

    Ejder | New South Wales

    reviewed about 1 month ago

  • Overall
    10/10
    Convenient

    Excellent experience banking with them.

    Excellent experience banking with them.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Shannen | Western Australia

    reviewed about 1 month ago

  • Overall
    9/10
    Would recommend to others

    Signing up is super east and the customer service is good.

    Signing up is super east and the customer service is good.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    8/10

    Cherie | Victoria

    reviewed about 1 month 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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