In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question

NAB Classic Banking transaction account

  • Alison Banney's headshot
NAB Classic Banking 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

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question

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

Key features

$0 monthly account fee

The NAB Classic Banking Account does not charge a monthly account fee.

$0 minimum deposit requirement

There are no minimum monthly deposit requirements with the NAB Classic Banking Account.


How to apply

Eligibility

There are some eligibility requirements that you should meet before continuing to the secure application page:

  • Your age. You must be at least 14 years old if you want to apply for the NAB Classic Banking account online.
  • Your residency. You must be currently living in Australia with a verifiable physical address to be considered for a NAB Classic Banking transaction account.

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NAB Classic Banking Account
NAB logo
Apple Pay Google Pay Samsung Pay Garmin Pay
Monthly fee
$0
Government Guarantee
Own network ATM fee
$0
Card type
Visa
Go to siteMore Info
Get personalised cashback offers via the NAB app with NAB Goodies
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Your reviews

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Ask a question

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Alison Finder

Editorial Manager, Money

Hi there, looking for more information? Ask us a question.

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Howard

January 22, 2024

Would this account be suitable to open in order to pay Direct Debit bills?


Avatar

Richard Whitten Finder

January 22, 2024

Hi Howard,


You can use a transaction account like this to pay bills via direct debit.


Avatar

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?


Avatar

Alison Banney Finder

September 14, 2023

Hi Ron, you will need to speak to the bank directly about this.


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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


Avatar

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


Avatar

Remon

February 12, 2023

I need new card


Avatar

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.


Avatar

MARTINE

June 13, 2022

Hi,

can i open a personal bank account if i live overseas ?


Avatar

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


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