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NAB Business Everyday Account ($0 Monthly Fee Option)

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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.

$0

Account keeping fee

$0

ATM withdrawal fee

$4

Overseas ATM withdrawal fee

3%

Overseas transaction fee

of transaction value

Details

Product NameNAB Business Everyday Account ($0 Monthly Fee Option)
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$4
International transaction fee3%
Monthly deposit required to waive account feeN/A

Expert review

Alison Banney

Review by


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.

Expert review

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.

Key features

$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.


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.

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.

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2 Comments

  1. Default Gravatar
    Kate
    October 22, 2018

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

    • Avatarfinder Customer Care
      John
      October 22, 2018

      Hi Kate,

      Thank you for leaving a question.

      Please click on this link to be routed to 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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