NAB Classic Banking Account (with Standard Visa Debit Card)

$0.00

NAB, rediATM

Visa Debit or
EFTPOS

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

Rates and fees information correct as at 16 October 2018.

Review published: 2 October 2012

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 or rediATMs. 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.

How are NAB bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.7

Based on 3502
NAB bank accounts reviews

7.2 6.7 7.6 7.9 7.7

Read NAB bank account reviews by the Mozo community

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

NAB

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

Overall rating   8 / 10

Great

They are great when compared to some other banks I have been with.

Full review

They are great when compared to some other banks I have been with.

    Price   6 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Amelia, New South Wales, reviewed 5 days ago

NAB

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

Overall rating   8 / 10

Friendly, flexible and available.

Have always found NAB to be friendly, flexible and available where ever I am. Service is always prompt either at a branch, online or via phone and they keep their online banking sites updated to make remote banking as easy as possible.

Full review

Have always found NAB to be friendly, flexible and available where ever I am. Service is always prompt either at a branch, online or via phone and they keep their online banking sites updated to make remote banking as easy as possible.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Maya, New South Wales, reviewed 5 days ago

NAB

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

Overall rating   10 / 10

Great bank

NAB is a great bank.

Full review

NAB is a great bank.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Steven, Victoria, reviewed 5 days ago

NAB

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

Overall rating   9 / 10

Only 1 complaint but usually quick to deal with

In all my dealings with my bank they have been quick to solve the issue except on one occasion which took 2 weeks to solve when my card was hacked and IT had to re-register for phone and internet banking

Full review

In all my dealings with my bank they have been quick to solve the issue except on one occasion which took 2 weeks to solve when my card was hacked and IT had to re-register for phone and internet banking

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Rosalie, Queensland, reviewed 7 days ago

NAB

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

Overall rating   10 / 10

Great service

This bank is great. I have been with them for 12 years and have had no problems.

Full review

This bank is great. I have been with them for 12 years and have had no problems.

    Price   10 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Kayla, Western Australia, reviewed 7 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

  • $0.00

  • 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

  • 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%

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.

Compare other bank accounts
Advertisement