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NAB Classic Banking Account (with Standard Visa Debit Card)

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 28 September 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 3888 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
    NAB is an excellent bank with low fees.

    NAB customer service is excellent. Whenever I call for whatever reason, they are always very helpful and friendly! They always make me feel like I matter! This is very important to me because it helps me to establish a positive relationship with my bank. Another positive point I can make is that the account overdrawn fee is very low, and not as crazy as other banks. NAB definitely has a gold star from me. After going from one bank to another in the past, I started banking with NAB in 2018 and as of yet, have not been disappointed!

    Read full review

    NAB customer service is excellent. Whenever I call for whatever reason, they are always very helpful and friendly! They always make me feel like I matter! This is very important to me because it helps me to establish a positive relationship with my bank. Another positive point I can make is that the account overdrawn fee is very low, and not as crazy as other banks. NAB definitely has a gold star from me. After going from one bank to another in the past, I started banking with NAB in 2018 and as of yet, have not been disappointed!

    Price
    10/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Elizabeth, Victoria reviewed 3 days ago
  • Overall 10/10
    The best at customer relations

    If I ever need assistance sorting out something to do with my card they are quick to respond, extremely polite and go the extra mile to make sure all my needs and concerns are met.

    Read full review

    If I ever need assistance sorting out something to do with my card they are quick to respond, extremely polite and go the extra mile to make sure all my needs and concerns are met.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Janice, Queensland reviewed 4 days ago
  • Overall 8/10
    Good service.

    I like the friendly service.

    Read full review

    I like the friendly service.

    Price
    -1/10
    Features
    -1/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Skye, New South Wales reviewed 5 days ago
  • Overall 8/10
    Good account and service.

    NAB has good service, security and product.

    Read full review

    NAB has good service, security and product.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Glenn, New South Wales reviewed 5 days ago
  • Overall 9/10
    They satisfy my financial requirements.

    I find the NAB provides everything I need, and 90% of our dealings are conducted online. The staff are always knowledgeable and provide a tremendous service for us when we have queries. I didn't mark them as excellent, because I believe their hierarchy is paid far too much (as is all financial institutions), and their enormous profits are for their shareholders, not their customers. I'm positive that investment interest rates would be better than they are if the hierarchical costs were trimmed.

    Read full review

    I find the NAB provides everything I need, and 90% of our dealings are conducted online. The staff are always knowledgeable and provide a tremendous service for us when we have queries. I didn't mark them as excellent, because I believe their hierarchy is paid far too much (as is all financial institutions), and their enormous profits are for their shareholders, not their customers. I'm positive that investment interest rates would be better than they are if the hierarchical costs were trimmed.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    10/10
    Trust
    10/10
    Less
    John, Queensland reviewed 7 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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