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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 21 January 2021. 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 3961 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
    Highly recommended.

    My enquiries and requests were handled quickly and efficiently. They made sure I was put on the right account suited to me. Really appreciate the extra mile they went for me.

    Read full review

    My enquiries and requests were handled quickly and efficiently. They made sure I was put on the right account suited to me. Really appreciate the extra mile they went for me.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Nissa, New South Wales reviewed 4 minutes ago
  • Overall 10/10
    No fees, great service. Thanks NAB.

    NAB is such a change from my last bank. No fees. Great service. Thanks NAB.

    Read full review

    NAB is such a change from my last bank. No fees. Great service. Thanks NAB.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Kristy, Queensland reviewed 6 days ago
  • Overall 7/10
    Nab is okay

    Nab bank still has a branch in our local town at the moment with an ATM. Hopefully it can stay.

    Read full review

    Nab bank still has a branch in our local town at the moment with an ATM. Hopefully it can stay.

    Price
    4/10
    Features
    2/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Vanessa, Victoria reviewed 7 days ago
  • Overall 10/10
    No hidden fees, pay ID available.

    No hidden fees. Trustworthy. Quick dispute resolution. Convenient. Great customer service. Online live chat. Mobile app. Pay ID available. I have nothing negative to say about NAB.

    Read full review

    No hidden fees. Trustworthy. Quick dispute resolution. Convenient. Great customer service. Online live chat. Mobile app. Pay ID available. I have nothing negative to say about NAB.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Simone, Victoria reviewed 9 days ago
  • Overall 9/10
    Great trustworthy bank.

    Every time I have called my query is answered informative and the issue is always solved. Customer service is excellent. There are lot of free cash machines and the app is very easy to use

    Read full review

    Every time I have called my query is answered informative and the issue is always solved. Customer service is excellent. There are lot of free cash machines and the app is very easy to use

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Louise, Western Australia reviewed 10 days ago
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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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