In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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NAB Business Interest Account

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NAB Business Interest Account ($10 Monthly Fee)
Account keeping fee
$10
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$4
Overseas transaction fee of transaction value
3%

Our verdict

Earn tiered interest up to on every dollar in this NAB business account.

There is a $10 monthly fee for this account plus additional transaction fees, so it’s best suited for customers who make minimal transactions, but need easy access to their balance.

Pros

  • Tiered interest rate.
  • No minimum opening balance.
  • No ongoing deposit requirements.

Cons

  • $10 monthly fee applies.
  • In-branch transaction fees apply.
  • EFTPOS and electronic transactions incur a fee.

In this guide

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

This is a transaction account suited for businesses that carry a large balance and make minimal transactions. It pays interest, so it offers the best of both worlds: an everyday account and a savings account. Your business can earn a tiered interest rate on every dollar in this account, up to and there is easy access to your balance when needed.

Details

Key details

Product Name NAB Business Interest Account ($10 Monthly Fee)
Monthly account fee $10
Card access Visa
Own network ATM fee $0
International ATM Fee $4
International transaction fee 3%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Eligibility

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

Key features

Picture not described

Tiered interest rate up to 0%

You will earn a flat interest rate on all tiers which is currently 0%.

Monthly fee

There is an ongoing $10 monthly fee.


How to apply

It's important to compare the features of this account against other business banking accounts. If you don't believe this account has the features you need, compare the other accounts offered by NAB instead.

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 a business, and you'll need to provide a valid Australian Business Number (ABN) or Australian Company Number (ACN).

Your reviews

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Ask a question

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Alison Finder

Editor

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