NAB Classic Banking Account

$0.00

NAB, rediATM

Visa Debit or
EFTPOS

$10.00

NAB, rediATM

Visa Debit or
EFTPOS

NAB Classic Banking Account Review

Rates and fees information correct as at 16 December 2017.

Review published: 2 October 2012

What's hot:

  • Winner in Mozo's Experts Choice Awards 2017

  • No monthly account fees

  • Option for a Platinum Visa Debit Card

What's not:

  • Low interest rate so keep savings stashed in a linked high interest account

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 was awarded a Mozo Experts Choice Awards for best value everyday banking and 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 or rediATMs. 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 the 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.

How are NAB bank accounts rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.1

Based on 1377
NAB bank accounts reviews

7.7 7.2 8.1 8.2 8.2

Read NAB bank account reviews by the Mozo community

Latest reviews of NAB Classic Banking Account

NAB

NAB Classic Banking Account bank account review

Overall rating   10 / 10

Great bank to be a part of.

Best bank in Australia.

Full review

Best bank in Australia.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Bec (NSW), reviewed 1 day ago

NAB

NAB Classic Banking Account bank account review

Overall rating   10 / 10

10/10 banking online

I like using NAB because there are less bank fees that other banks.

Full review

I like using NAB because there are less bank fees that other banks.

    Price   8 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Neil (SA), reviewed 1 day ago

NAB

NAB Classic Banking Account bank account review

Overall rating   10 / 10

NAB is the best bank

I rate NAB 10 out of 10

Full review

I rate NAB 10 out of 10

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Monique (QLD), reviewed 4 days ago

NAB

NAB Classic Banking Account bank account review

Overall rating   6 / 10

Great customer service

Friendly staff, problems solved quickly

Full review

Friendly staff, problems solved quickly

    Price   6 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   5 / 10

    Trust   7 / 10

Less

Thomas (VIC), reviewed 5 days ago

NAB

NAB Classic Banking Account bank account review

Overall rating   8 / 10

Great services

Finding a NAB atm or branch can be hard depending where you live.

Full review

Finding a NAB atm or branch can be hard depending where you live.

    Price   10 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   5 / 10

    Trust   10 / 10

Less

Colleen (QLD), reviewed 5 days ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • Balances from $0: 0.01% p.a.

  • none

  • none

Fees

  • $0.00

  • none

  • Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone, internet and Visa debit purchases

  • $0.00

  • NAB, rediATM

  • $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

  • 90 day Purchase Protection Insurance

Atm card

  • $5.00

  • $0.00

  • 3.00%

Debit card

  • $5.00

  • $0.00

  • 3.00%

Rates

  • Balances from $0: 0.01% p.a.

  • none

  • none

Fees

  • $10.00

  • none

  • Unlimited free transactions from own-bank ATM, EFTPOS, counter withdrawals, counter deposits, phone, internet and Visa debit purchases

  • $0.00

  • NAB, rediATM

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • $5.00

  • 0%

  • $0.00 monthly

Other financial bits

  • $1.00

  • $0.00

Features

  • $2,000.00

  • yes

  • no

  • yes

  • yes

  • yes

  • yes

  • yes

  • none

  • 1% cashback on contactless payments up to $10/month. Range of complimentary insurances including travel, 90 day purchase protection, extended warranty and price protection

Atm card

  • $5.00

  • $0.00

  • 0%

Debit card

  • $5.00

  • $0.00

  • 0%

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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