Getting started How to apply online

Step 1

Select a business bank account

  • NAB Business Everyday Account ($0 monthly fee)
    Enjoy free electronic and ATM transaction with this everyday transaction account.
  • NAB Business Everyday Account ($10 monthly fee)
    For businesses making a large number of cash and cheque transactions.
  • NAB Business Cash Maximiser
    An online savings account to help separate your operational cash from savings, wages, Tax or BAS liabilities.
  • Business term deposits
    Earn interest with a secure return when you invest your surplus funds in a term deposit with flexible term options.

Step 2

Check your eligibility

  • You are a sole trader, a partnership, a director of an Australian private company or a trustee of a trust.
  • You are living in Australia and an Australian resident for tax purposes.
  • Your ABN or ACN is active, unless you are a sole trader with no ABN.

Step 3

Apply online in less than 15 minutes

New NAB customers

If you are new to NAB or don't have an active NAB account, you’ll need to provide at least one of the following forms of ID:

  • Australian passport
  • Foreign passport
  • Australian driver’s licence
  • Medicare card

Existing NAB customers

Save time completing the application and setting up your account. Provide your NAB ID and follow the application prompts to securely log into NAB Internet Banking. Here's what you need to know:

  • Your NAB ID is an 8 to 10 digit number you use to log into NAB Internet Banking.
  • You can find your NAB ID on the back of your NAB debit or credit card above the black strip.

What happens after you successfully apply online?

New NAB customers

  • We'll verify your ID electronically, and your business bank account will be opened automatically.
  • Details of your new business bank account will be sent to your nominated email address
  • Your NAB ID will be sent via SMS and you can then register for NAB Internet Banking
    and download the NAB app.

Existing NAB customers

  • Your business bank account will be opened automatically.
  • Your new business bank account details will be sent to your
    nominated email address
  • Your new account can be accessed using NAB Internet Banking and the NAB app

Documents you will need to set up a business bank account

Before you apply online or in branch, select your business type and use our checklists to make sure you have the necessary documents and information ready to go.

Choose a business bank account

Business transaction accounts

Enjoy free electronic and ATM transactions with this everyday transaction account.

Rates and fees

$ 0

Electronic transactions

$ 2.50 per transaction

Banker assisted transactions

$ 0.60 per cheque/item

Express Business Deposits (EBD) , Express Cheque Deposits (ECD)

Features and benefits

  • Unlimited standard NAB electronic transactions.

  • Easily set up bank feeds to accounting packages  like Xero, MYOB and QuickBooks.

  • Link your account to a NAB Business Visa Debit Card at no cost.

  • Enjoy BPAY and PayID® payment solutions for online transactions.

  • Access discounts and benefits from our business partners.

Apply online in less than 15 minutes

For businesses making a large number of cash and cheque transactions.

Rates and fees

$ 0

Electronic transactions

$ 2.50 per transaction

Banker assisted transactions

$ 0.60

Express Business Deposits (EBD) , Express Cheque Deposits (ECD)

Features and benefits

  • Get 30 transactions free each month. This includes banker-assisted transactions, EBD , ECD or cheque transactions.

  • Unlimited standard NAB electronic transactions.

  • Easily set up bank feeds to accounting packages  like Xero, MYOB and QuickBooks.

  • Link your account to a NAB Business Visa Debit Card at no cost.

  • Enjoy BPAY and PayID® payment solutions for online transactions.

  • Access discounts and benefits from our business partners.

Apply online in less than 15 minutes

Business savings and term deposit accounts

An online savings account to help separate your operational cash from savings, wages, tax or BAS liabilities.

Rates and fees

$ 0

Monthly account fee

1.15 % p.a.

Interest rate

Benefits

  • Earn interest on every dollar when your balance is $10,000 or more.

  • Instant access to your money via a linked NAB business transaction account.

  • Access via NAB Internet Banking, NAB Connect or NAB Telephone Banking.

Earn interest with a secure return when you invest your surplus funds in a term deposit with flexible term options.

Rates and fees

$ 0

Monthly account fee

$ 0

Application fee

Benefits

  • Earn interest from your surplus funds.

  • Know your return with a fixed interest rate.

  • The ability to choose a term to suit your needs – from 30 days to five years.

Request a call back from a business banker

Get in touch

Contact us

Visit our business banking contact page for how-to-guides and FAQs, as well as contact numbers.

Visit a NAB branch

Our business bankers are located all around Australia.

Terms and Conditions

Target Market Determinations for these products are available at nab.com.au/TMD.

PayID® is a registered trademark of NPP Australia Limited.