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Account keeping fee: $0
ATM withdrawal fee: $0
Overseas ATM withdrawal fee: $4
Overseas transaction fee of transaction value: 2%

Our verdict

Help manage your business finances and pay no monthly fees with this convenient everyday account.

If your business needs easy, everyday access to your finances and you do most of your banking online, this account could be a great option. There are no monthly account keeping fees and you can make unlimited free EFTPOS and online transactions as well as at NAB ATMs.

Because there’s no monthly account fee, if you do need to make a transaction in branch you’ll pay $2.50 per staff-assisted deposit or withdrawal and $0.60 per cheque lodged. This means you’re only paying for what you use.

With that in mind, if you often make four or more staff-assisted transactions a month, you could be better off with the NAB Business Everyday $10 monthly fee account instead, as this allows for up to 30 in-branch transactions per month.

Another key feature of this business transaction account is it can be easily linked to your MYOB, Reckon and Xero software to help you manage your reporting in the one platform.

Pros

Mobile banking app
No monthly account keeping fees
Unlimited ATM withdrawals at NAB ATMs
Unlimited EFTPOS transactions
Linked Visa Debit card
Apple Pay available

Cons

Fee for staff-assisted transactions applies
International ATM and transaction fees apply

This account is designed to help you manage your day-to-day business expenses, and offers unlimited free EFTPOS and internet banking transactions as well unlimited NAB ATM withdrawals.

The account comes with a Visa Debit Card so you can make business purchases in store and online worldwide, and there’s the option to add a NAB overdraft facility to the account if needed.

Details

Key details

Product Name	NAB Business Everyday Account
Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	$4
International transaction fee	2%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Apple Pay,Google Pay,Samsung Pay,Garmin Pay

Eligibility

Minimum Age	18
Joint account availability	No
Minimum opening deposit	N/A

Key features

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$0 monthly fees

There are no monthly account-keeping fees attached to this account.

Unlimited ATM transactions

You can take advantage of unlimited ATM transactions with NAB bank ATMs. This includes no ATM fees and no fees for withdrawing or depositing money at NAB ATMs. Note that if you withdraw money from an ATM outside of NAB's network, you may be charged a withdrawal fee. Australian debit card holders can also access Westpac, ANZ and CBA ATMs for free.

Unlimited electronic transactions

You can make unlimited, free Internet and phone banking transactions as well as unlimited, free EFTPOS transactions within Australia.

Assisted transactions

If you do need a little extra help, NAB staff are available to assist with in-branch transactions. However, there is an additional transaction fee of $2.50 per staff-assisted deposit or withdrawal and $0.60 per each cheque lodged.

No minimum balance

There is no minimum balance required to open this account, so you can get started right away. There is also no ongoing balance requirement.

Overdraft available

You can attach a NAB Business Overdraft to this account to assist with your business needs.

Linked savings account

You can link this everyday account to the NAB Business Cash Maximiser and earn interest on balances over $10,000.

Visa Debit card

This account comes with a linked Visa Debit card with Visa PayWave to pay for everyday expenses or make purchases online. You can use the card wherever Visa is accepted.

Apple Pay available

You can link your Visa debit card to Apple Pay to make purchases with your iPhone or Apple Watch in stores without using your physical debit card.

MYOB, Reckon and Xero integration

Integration with MYOB, Reckon and Xero means you can streamline your accounting and reduce your admin burden. Put simply, it makes your life easier.

Banking app available

You can use NAB's mobile banking app to help manage your business finances on the go or at home.

Access NAB Connect

NAB Connect is NAB's Internet banking platform designed specifically for businesses.

How to apply

Eligibility

Minimum age. You must be at least 18 years old to apply for this account.
Business requirements. You must be the owner or director of the business, and you will need to provide a valid ABN or ACN number.

Documentation needed

Business details. You will need to have your business ABN or ACN handy as well as your business address.
Contact details. If you are not already a NAB customer, you'll need to provide your personal and contact details.
Identification. New NAB customers will need to provide two forms of ID, including an Australian passport, a driver's licence or a Medicare card.

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Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. NAB Business Everyday Account information page
2. NAB Business Everyday Account TMD

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Alison Finder

Editorial Manager, Money

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Pourash

August 20, 2023

Hi Finder Team,

What does it mean when you say they have overdraft facility? And is there any overdraft amount limits?

Sarah Megginson Finder

October 13, 2023

Hi Pourash,

An unsecured business overdraft revolving facility (line of credit) of up to $50,000 may be available to new and existing customers, with no fixed repayments. The minimum overdraft is $5,000. Note that fees, charges and interest applies.

Kate

October 22, 2018

Hi there, I am looking for a business account or credit card without any foreign transaction fees. Any suggestions?

John Basanes Finder

October 22, 2018

Hi Kate,

Thank you for leaving a question.

You may refer to our list of bank accounts with 0% foreign transaction or ATM fees. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!

Cheers,

Reggie

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full profile

NAB Business Everyday Account

Pros

Cons

Key features

$0 monthly fees

Unlimited ATM transactions

Unlimited electronic transactions

Assisted transactions

No minimum balance

Overdraft available

Linked savings account

Visa Debit card

Apple Pay available

MYOB, Reckon and Xero integration

Banking app available

Access NAB Connect

How to apply

Eligibility

Documentation needed

Compare other transaction accounts

Finder Score for bank accounts

Sources

Sources

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