The NAB Everyday Business Account gives business owners plenty of freedom and flexibility when it comes to managing their funds - part of the reason it was named a 2020 Mozo Experts Choice Award winner for in the Small Business Exceptional Everyday Account category. There are two versions of this account, one with a $10 monthly fee and one without, with the latter available to businesses that only make a few transactions each month.
The NAB Business Everyday Account comes with two variants: one with a $10 monthly fee, and one without. The former is available for businesses that make a high number of transactions each month. With a flat $10 monthly fee, you’ll have greater certainty when it comes to the costs you’ll face. Plus you’ll be able to make unlimited standard NAB transactions in-branch or at Australia Post.
The fee-free version is available for businesses that make a small number of transactions each month, most of them online. If you opt for this one you’ll be charged $2.50 whenever you make a deposit or withdrawal over the counter at a branch or at Australia Post.
Whichever option you choose, your account will be linked to a NAB Visa debit card, which will let you access your funds or pay for business expenses wherever Visa is accepted. Plus you'll also be able to pay via Apple Pay, Google Pay or Samsung pay, so you can choose the payment option that suits you. Just bear in mind, there is a $4 fee for use overseas.
Both allow for fee-free unlimited transactions via ATM, EFTPOS and other electronic means. Just keep in mind that if you plan to take out money via ATM, the maximum amount you can withdraw in one day is $2,000.
Businesses that don’t make many transactions per month, don’t want the hassle of monthly fees, and want to stick with a big bank would benefit most from this one.
If you’re looking to take out money via ATM, just remember that daily withdrawals are capped at $2,000.
Balances from $0: 0.00% p.a.
n/a
n/a
$0.00
n/a
Unlimited standard NAB electronic transactions, no ATM fees at NAB ATMs
$0.00
NAB
$0.00
$2.50
$2.50
$0.00
$0.00
$0.00
$0.00
$4.00
3.00%
$0.00 monthly
$1.00
$0.00
$2,000.00
no
no
yes
yes
yes
yes
yes
none
none
none
none
none
$4.00
$0.00
3.00%
This product is not currently reviewed.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
NAB
Visa Debit or
EFTPOS
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
Newcastle Permanent
Everyday Account
$4.00$0 monthly account fee if you deposit min. $1,800 per month or account holder is under 25
PayID
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.
