NAB Classic Banking Account (with Standard Visa Debit Card)

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

NAB Classic Banking Account (with Standard Visa Debit Card)

$0.00

Apple Pay, Google Pay, PayID, Samsung Pay

0.01% p.a.

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

Last updated: 28 November 2019.

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 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 22 January 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 customer rating
7.7/10

Based on 3729 NAB bank account reviews

Price
7.2/10
Features
6.7/10
Customer service
7.6/10
Convenience
7.9/10
Trust
7.7/10

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

  • Overall 7/10
    Does the job well.

    The bank does its job.

    Read full review

    The bank does its job.

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Karlo, New South Wales reviewed about 2 months ago
  • Overall 8/10
    Great.

    Great.

    Price
    6/10
    Features
    8/10
    Customer service
    6/10
    Convenience
    10/10
    Trust
    9/10
    Less
    Margaret, Victoria reviewed about 1 month ago
  • Overall 8/10
    Great. No fee account with good customer service.

    Great, easy no fuss account without fees. Perfect for a single parent family with limited budget. Friendly customer service and great security on suspicious transactions or lost cards.

    Read full review

    Great, easy no fuss account without fees. Perfect for a single parent family with limited budget. Friendly customer service and great security on suspicious transactions or lost cards.

    Price
    10/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Karen, Queensland reviewed about 1 month ago
  • Overall 8/10
    Great customer service and online banking.

    Shop around for interest rates with other banks. NAB are great people to deal with and the online banks is great but rates could be improved.

    Read full review

    Shop around for interest rates with other banks. NAB are great people to deal with and the online banks is great but rates could be improved.

    Price
    5/10
    Features
    2/10
    Customer service
    7/10
    Convenience
    10/10
    Trust
    6/10
    Less
    Karen, Queensland reviewed about 1 month ago
  • Overall 7/10
    Easy enough to deal with.

    I haven’t needed to go into a branch for some time. I don’t really look at my account so I don’t take much notice of what I am charged in fees.

    Read full review

    I haven’t needed to go into a branch for some time. I don’t really look at my account so I don’t take much notice of what I am charged in fees.

    Price
    -1/10
    Features
    -1/10
    Customer service
    8/10
    Convenience
    -1/10
    Trust
    -1/10
    Less
    Cheriee, New South Wales 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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