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: 17 March 2020.

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.

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. 


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 9 April 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 3783 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 9/10
    I'm happy and plan to stay a NAB customer.

    Have had no issues with NAB, very friendly staff and helpful when I've had any issues. They talked me through the processes so I know what to expect with everything and helped when there was a possible fraud in my account.

    Read full review

    Have had no issues with NAB, very friendly staff and helpful when I've had any issues. They talked me through the processes so I know what to expect with everything and helped when there was a possible fraud in my account.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Kirib, Western Australia reviewed about 18 hours ago
  • Overall 10/10
    Good service overall.

    Good service.

    Read full review

    Good service.

    Price
    4/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Lana, South Australia reviewed 3 days ago
  • Overall 10/10
    Couldn’t be happier!

    I have been banking with NAB for years now and have never been anything but ecstatic with their services. They’re happy helpful and always willing and transparent in any communication. Couldn’t be happier.

    Read full review

    I have been banking with NAB for years now and have never been anything but ecstatic with their services. They’re happy helpful and always willing and transparent in any communication. Couldn’t be happier.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Meghan, South Australia reviewed 6 days ago
  • Overall 8/10
    No account fees.

    Was with CBA until they started charging me account fees. As a poor student I couldn't handle that so I switched to NAB which doesn't charge me a cent.

    Read full review

    Was with CBA until they started charging me account fees. As a poor student I couldn't handle that so I switched to NAB which doesn't charge me a cent.

    Price
    5/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    6/10
    Trust
    -1/10
    Less
    Sarah, Victoria reviewed 7 days ago
  • Overall 4/10
    Profits rule apparently!

    Charges and fees are hidden and seem archaic. Never any follow up from NAB that we may have a better product that would be more suited to my needs. The reduction of available ATMs means we now have to travel further, which is near impossible for older people, for simple transactions.

    Read full review

    Charges and fees are hidden and seem archaic. Never any follow up from NAB that we may have a better product that would be more suited to my needs. The reduction of available ATMs means we now have to travel further, which is near impossible for older people, for simple transactions.

    Price
    1/10
    Features
    3/10
    Customer service
    -1/10
    Convenience
    5/10
    Trust
    3/10
    Less
    Josef, Western Australia reviewed 9 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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