NAB Classic Banking transaction account

- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 3.5%
Our verdict
Pay no monthly account fee and get personalised cashback offers via the NAB app with NAB Goodies.
This account allows you to deposit money such as your salary and use it for day-to-day spending and transactions. NAB doesn’t charge a monthly account fee on its personal transaction account, and you don’t need to meet a monthly deposit requirement either. Plus, eligible customers can access regular, personalised cashback offers via the NAB app with NAB's reward program called NAB Goodies.
There are some fees to watch out for, depending on what debit card you use with this account. Both the NAB Visa Debit Card and NAB Platinum Visa Debit Card charge a $5 overseas ATM withdrawal fee. The Visa Debit Card also has a 3.5% international transaction fee on cash withdrawals and purchases from overseas. The Platinum Visa Debit Card doesn't charge this fee on purchases, but does on overseas ATM withdrawals and it also has a $10 monthly card fee. The Platinum Debit Visa Card also offers 1% cash back on contactless purchases, capped at $10 a month.
If you're looking for an account with flexible payment options, this account offers Apple Pay and Google Pay so you can make contactless payments with your phone, watch or wearable device. It’s also worth noting that NAB has bank branches in many locations across the country, which is helpful if you do a lot of your everyday banking in branch.
Pros
-
$0 monthly account fee
-
Cashback offers with NAB Goodies
-
Spending insights and bill prediction tools
-
Apple Pay, Samsung Pay, Google Pay and Garmin Pay available
Cons
-
International transaction fees on purchases may apply
-
$5 fee per international ATM withdrawal
Details
Key details
Product Name | NAB Classic Banking Account |
Monthly account fee | $0 |
Card access | Visa |
Own network ATM fee | $0 |
International ATM Fee | International ATM fee $5 |
International transaction fee | 3.5% |
Monthly deposit required to waive account fee | N/A |
Contactless Payments | Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
Eligibility
Minimum Age | 14 |
Joint account availability | Yes |
Minimum opening deposit | N/A |
Residency status | Have an Australian Residential Address |
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Your reviews

Alison Finder
Editorial Manager, Money
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Richard Whitten Finder
January 22, 2024
Hi Howard,
You can use a transaction account like this to pay bills via direct debit.

ron
September 13, 2023
If I lodge my late brother’s money (bank accounts, superannuation etc) with a bank to be held in trust until his probate has been completed, is the bank obligated or liable to offer me the highest savings % on my late brother’s money?

Alison Banney Finder
September 14, 2023
Hi Ron, you will need to speak to the bank directly about this.

Julie
July 01, 2023
I have been in Australia 2 months on visitors visa and have a Aged Parent visa application lodged with bridging visa granted. Can I apply for bank account

Alison Banney Finder
July 06, 2023
Hi Julie, please get in touch with the bank directly to discuss your application and what their requirements are.
Thanks,
Alison

Remon
February 12, 2023
I need new card

Sarah Megginson Finder
February 20, 2023
Hi Remon, you will need to contact NAB directly for this. You can reach them on 13 22 65.

MARTINE
June 13, 2022
Hi,
can i open a personal bank account if i live overseas ?

Alison Banney Finder
June 20, 2022
Hi Martine,
You can open a NAB Classic Account from overseas if you’re over 18 and moving to Australia to migrate, study or work. You cannot open this account if you’re coming to Australia on a tourist visa.
Thanks,
Alison
Howard
January 22, 2024
Would this account be suitable to open in order to pay Direct Debit bills?