NAB Business Everyday Account ($10 Monthly Fee Option)
Enjoy peace of mind by only paying one flat monthly fee for any transactions you need to make for your business.
This account offers unlimited EFTPOS, Internet banking and mobile banking transactions as well as unlimited staff-assisted transactions in branch all for one flat $10 monthly account fee. You'll get a linked Visa Debit Card which you can use wherever Visa is accepted worldwide, and you have the option of adding a NAB overdraft to the account if needed (subject to approval).
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee
of transaction value
|Product Name||NAB Business Everyday Account ($10 Monthly Fee Option)|
|Monthly account fee||$10|
|ATM Withdrawal Fee||$0|
|International ATM Fee||$4 + 3%|
|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.
This account is similar to the NAB Business Everyday $0 monthly fee account, however it charges a $10 monthly account fee in exchange for unlimited staff-assisted transactions. You might think a $10 monthly account fee is a lot for an everyday account, but the $0 monthly fee account option charges $2.50 per staff-assisted deposit or withdrawal and $0.60 per cheque lodged.
With this account on the other hand, you could make four or fourty (or more!) staff-assisted transactions and the fee is capped at $10 per month, so it’s better suited if you do a lot of banking in branch.
You can also make unlimited free transactions via EFTPOS, Internet and mobile banking and you won’t be charged any fees when using the Visa Debit card to withdraw from NAB, CBA, Westpac or ANZ ATMs. You will pay for withdrawals made from non-NAB ATMs overseas, as well as a foreign transaction fee when using your debit card internationally, so keep this in mind if you do a lot of business travel.
Flat $10 monthly fee
There is one flat $10 monthly fee for this account. This fee allows you to make unlimited staff-assisted transactions, including in-branch deposits, withdrawals and cheques, which would otherwise incur a fee of up to $2.50 per transaction.
Unlimited ATM transactions
You get unlimited ATM transactions through NAB bank's network of ATMs. This means you won't have to pay any ATM withdrawal fees at NAB ATMs in Australia.
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. You are entitled to as many of these as you need, and they are all covered by the monthly fee.
No minimum balance
There is no minimum balance required to open this account and no ongoing balance requirement.
You can attach a NAB Business Overdraft to this account, subject to approval. Read the terms and conditions carefully to ensure you're able to add this feature.
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. You can use the card to pay for business expenses or to make purchases online. You can use the card, with no additional fees, wherever Visa is accepted.
MYOB, Reckon and Xero integration
You can integrate this account with MYOB, Reckon and Xero business accounting software to streamline your accounting and reduce time spent on admin.
Banking app available
You can easily manage your business expenses on the go with NAB's mobile banking app.
Access NAB Connect
NAB Connect is NAB's Internet banking platform designed specifically to meet the needs of businesses.
How to applyIt is important to compare the features of this account against other business banking accounts offered in the market. If the NAB Business Everyday Account ($10 Monthly Fee Option) has all the features you need, click on one of the "Apply now" links on this page to be taken to the NAB website. You can apply online in less than 10 minutes. 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 and 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.