How to open a business bank account

Looking to apply online for a business bank account?

Here’s what you need to get started, and what you can expect.

NAB Business Everyday Account ($0 Monthly Fee)

Embrace the flexibility of only paying for what you need.

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NAB Business Everyday Account ($10 Monthly Fee)

Get greater certainty of your costs with a flat monthly fee.

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Choose the right business account

We understand that every business is different. Answer three quick questions using our Product Selector Tool about your specific business needs and we’ll provide some options that you should consider.

How to apply for a business account online

You can apply to open a business account online if you’re 18 years or older and a permanent Australian resident. If you’re a sole trader or a company with up to two directors, to apply online you’ll need:

to be the owner or a director
to have a valid ABN/ACN and address details for all directors.
If you are new to NAB, two of the following ID documents: Australian passport, driver’s licence, Medicare card.

After you apply

If we can verify your ID electronically, you’ll get an SMS with your NAB ID number. If we can’t verify you electronically, you can visit your closest branch with the required ID documents.
You’ll also receive an email with your new business account details.
You can then register for NAB Internet Banking and download the NAB app, and start using your business account straight away.

Handy tools to help you run your business

We have a range of business calculators and tools to assist you.

Accounting package integration

Reconcile your accounts easily with transaction data feeds direct to your accounting package.

NAB supports daily feeds of your transaction data to accounting packages. These feeds enable easy reconciliation of transactions within your accounting software, saving you time and reducing the risk of manual entry errors.