The NAB Classic Banking account offers exactly as what its name alludes to: a classic everyday bank account. Not only does it come with no monthly fees, but also comes with a full range of advantages such as a wide network of branches and ATMs to access your money from freely. 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.
However, this account does have a foreign exchange commission of 3% and an overseas ATM withdrawal fee of $5, so keep that in mind when travelling.
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.
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. Also anyone aged 14+ can apply for this account.
As with most everyday bank accounts there is minimal interest to earn on your savings, but you could always link to a NAB iSaver and transfer cash over whenever you need it.
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Balances from $0: 0.01% p.a. |
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n/a |
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n/a |
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$0.00 |
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n/a |
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Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone, internet and Visa debit purchases |
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$0.00 |
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NAB |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
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$5.00 |
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3.00% |
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$0.00 monthly |
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$1.00 |
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$0.00 |
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$2,000.00 |
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yes |
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no |
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yes |
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yes |
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yes |
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yes |
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yes |
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Customers must be aged 14 or over. |
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none |
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$5.00 |
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$0.00 |
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3.00% |
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$5.00 |
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$0.00 |
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3.00% |
Apple Pay, Google Pay, PayID, Samsung Pay
The app is useless, it’s not even sorted by the time transactions happen.
Read full reviewThe app is useless, it’s not even sorted by the time transactions happen.
I find I have less issues with my bank account with NAB but always awful customer service
Read full reviewI find I have less issues with my bank account with NAB but always awful customer service
No matter how and where i am i can always access my nab account easily even i live overseas now for awhile. Thanks heaps NAB your truly a really buddy.
Read full reviewNo matter how and where i am i can always access my nab account easily even i live overseas now for awhile. Thanks heaps NAB your truly a really buddy.
NAB have branches in a lot of places and phone baking is easy
Read full reviewNAB have branches in a lot of places and phone baking is easy
Charges high interest but pays low interest on large deposits.
Read full reviewCharges high interest but pays low interest on large deposits.
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.
