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NAB Classic Banking Account (with Standard Visa Debit Card)

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0.01% p.a.
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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 November 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 3929 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 10/10
    Why would you go anywhere else?

    The NAB bank is always fast service, great interest rates and wonderful saving accounts.

    Read full review

    The NAB bank is always fast service, great interest rates and wonderful saving accounts.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Oliviea, Victoria reviewed 2 days ago
  • Overall 8/10
    Trusted brand.

    Our family have always been with NAB. Our trust Has grown over the years. We have a great bank manager who is very approachable. Telephone help line always very helpful.

    Read full review

    Our family have always been with NAB. Our trust Has grown over the years. We have a great bank manager who is very approachable. Telephone help line always very helpful.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    6/10
    Trust
    9/10
    Less
    Jodi, Queensland reviewed 6 days ago
  • Overall 10/10
    Great bank.

    I've always been with NAB and they have been great. The only annoyance with them as a bank is the team calling to see if I want to take out a loan or credit card. I would get in touch if I needed to.

    Read full review

    I've always been with NAB and they have been great. The only annoyance with them as a bank is the team calling to see if I want to take out a loan or credit card. I would get in touch if I needed to.

    Price
    9/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Lani, Queensland reviewed 8 days ago
  • Overall 10/10
    Great bank to do business with.

    The staff know you by your first name and often stop to have a chat. It's sad that the hours have been cut due to Covid-19, but you will always get a smile when you enter the bank even behind the masks we are all forced to wear.

    Read full review

    The staff know you by your first name and often stop to have a chat. It's sad that the hours have been cut due to Covid-19, but you will always get a smile when you enter the bank even behind the masks we are all forced to wear.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Hellen, Victoria reviewed 10 days ago
  • Overall 10/10
    Absolutely fabulous

    I love NAB ever since I changed from CBA. Can’t believe I didn’t change sooner.

    Read full review

    I love NAB ever since I changed from CBA. Can’t believe I didn’t change sooner.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Melinda, Queensland reviewed 11 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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