NAB Classic Banking Transaction Account

Pay $0 monthly fees and enjoy convenient access to your money with Apple Pay, Google Pay and Samsung Pay available.

Manage your money effectively with a NAB Class banking account with no monthly account keeping fees to worry about. Enjoy the freedom of using your NAB bank account to pay however you'd like; with Apple Pay, Google Pay and Samsung Pay available you can make secure contactless payments with your phone or smartwatch.

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$0

Account keeping fee

$0

ATM withdrawal fee

$5

Overseas ATM withdrawal fee

3%

Overseas transaction fee

of transaction value

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Details

Product NameNAB Classic Banking
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay

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

NAB is the only Big Four bank that doesn’t charge any monthly account keeping fees on its personal transaction account. You don’t need to meet a monthly deposit requirement either, there’s just no account keeping fee to pay.

While this account has no fees for everyday transactions in Australia, there are some fees to watch out for if you’re planning to use the card overseas. You’ll pay a $5 ATM withdrawal fee at non-NAB ATMs overseas, and also an international transaction fee of 3% p.a. on transactions where a currency conversion is required. If your main priority is a card that you can take when travelling, you can avoid these fees with a few other bank accounts in the market.

If you’re looking for an account with flexible payment options, this account offers Apple Pay, Google Pay and Samsung Pay so you can make contactless payments with your phone, watch or wearable device. Although it’s been around for a few years now, there are still several major banks that don’t yet offer Apple Pay. It’s also worth noting that NAB has a lot of bank branches in many locations across the country, which is helpful if you do a lot of your everyday banking in branch.

Key features

$0 Monthly account keeping fees

NAB will never charge your transaction account a monthly service fee. It is the only big four bank that won't charge you monthly fees regardless of how much you deposit.

$0 Minimum deposit requirement

There are no minimum monthly deposit requirements with the Classic banking account.


How to apply

Eligibility

If you like the idea of a simple to manage transaction account that does not charge monthly fees, then click 'go to site' to begin filling out your application for the NAB Classic account.

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

  • Your age. You must be at least 18 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 in order to be considered for a NAB Classic banking transaction account.

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66 Comments

    Default Gravatar
    Raylee
    May 3, 2019

    How to use cardless cash with bank BOQ?

      Avatarfinder Customer Care
      Jeni
      May 5, 2019

      Hi Raylee,

      Thank you for getting in touch with Finder.

      Currently, CBA, Westpac, St. George, Bank SA, and Bank of Melbourne offer cardless cash in Australia. Please contact BOQ directly for further info on this matter.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    craig
    January 22, 2019

    I want to invest $213000 on term deposit for 6 or 9 months. What is the best interest rate you can give me and how much interest on maturity for both terms?

      Avatarfinder Customer Care
      Joshua
      January 27, 2019

      Hi Craig,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      I understand you want to know more about term deposit of NAB. If this is the case, please go to this page where we list the term deposit accounts of NAB. On that page, you will see a table that compares the term deposit accounts of NAB. According to that table, the interest rate for six months is 2.10% and for 9 months, it’s 2.40%.

      Please visit that page to learn more. Please make sure that you’ve read the relevant T&Cs or PDS of the term deposit products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    Kamarul
    November 26, 2018

    How do I apply for bank account if I don’t have permanent address yet. Already an Australian PR.

      Avatarfinder Customer Care
      Jeni
      November 26, 2018

      Hi Kamarul,

      Thank you for getting in touch with finder.

      As per the application requirements, so long that you currently live in Australia with a verifiable physical address, you may proceed with your NAB Classic Banking Transaction Account. Kindly click on the Go to site green button to be redirected to NAB’s official page. Please make sure that you’ve read the relevant T&Cs or PDS of this account to help consider whether the savings account product is right for you.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Mandy
    September 26, 2018

    Does NAB offer an account with no fees that allows one to have sub accounts to save for a few different things?

      Avatarfinder Customer Care
      Jeni
      September 27, 2018

      Hi Mandy,

      Thank you for getting in touch with Finder.

      You may refer to the NAB Portfolio Facility Line of Credit. One of its features and benefits is using linked sub-accounts. You can have up to 12 sub-accounts with a choice between fixed or variable. At least one sub-account must have a variable rate. It is also best to organize an appointment to speak to a NAB home loan specialist to set up a NAB Private Portfolio sub-accounts. You may also compare NAB accounts that suit you.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    Nathan
    July 9, 2018

    Can I transfer money from my NAB account to a friend’s BOQ account.? Thanks

      Avatarfinder Customer Care
      Joanne
      July 9, 2018

      Hi Nathan,

      Thank you for contacting Finder.

      If you have a transaction and savings account with NAB, you can transfer funds outside of your own linked accounts to other Australian banks (and financial institutions) and other people’s NAB accounts through NAB internet banking.

      You can check our guide on domestic bank transfers for your reference.

      Hope this helps.

      Cheers,
      Loraine

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