NAB Business Everyday Account ($0 Monthly Fee Option)
Help manage your business finances and pay no monthly fees with this convenient everyday account.
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.
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee
of transaction value
|Product Name||NAB Business Everyday Account ($0 Monthly Fee Option)|
|Monthly account fee||$0|
|ATM Withdrawal Fee||$0|
|International ATM Fee||$4|
|International transaction fee||3%|
|Monthly deposit required to waive account fee||N/A|
|Contactless Payments||Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay|
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
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’d probably be better off with the NAB Business Everyday $10 monthly fee account instead, as this allows for unlimited in-branch transactions.
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.
$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.
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.
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
If the NAB Business Everyday Account has all the features you're looking for in a business account, click on one of the "Apply now" links on this page. You will be securely redirected to the NAB website where you can find out more about the account and complete an online application. If this account doesn't sound quite right for you, compare the other accounts offered by NAB instead.
- 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.
- 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.