Choose your business bank accounts

Your business may need a variety of accounts to help manage your business banking needs. Here are our bank account options.

Transaction accounts

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

Rates and fees

$ 0

Electronic transactions

$ 2.50

Banker assisted transactions

$ 0.60

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

Benefits

Apply online in 10 minutes

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

Rates and fees

$ 0

Electronic transactions

$ 2.50

Banker assisted transactions

$ 0.60

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

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 and MYOB

  • Link to a NAB Business Visa Debit Card, opens in new window with no monthly fees.

Apply online in 10 minutes

Savings and 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

0.01 % 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.

Apply online in 10 minutes

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

How to apply online

Check your eligibility

  • You're a sole trader or a company with up to two directors.

  • You're the owner or director of the business.

  • You'll also need to be at least 18 and a permanent Australian resident

What you need to apply

  • A valid ABN/ACN and address details for all directors.

  • If you're new to NAB, two of the following ID documents: Australian passport, driver’s licence, Medicare card.

What to expect after you apply

  1. If we can verify your ID electronically, you’ll get an SMS with your NAB ID.

  2. If we can’t verify you electronically, you can visit your closest branch with the required ID documents.

  3. You’ll also receive an email with your new business account details.

  4. You can then register for NAB Internet Banking and download the NAB app, and start using your business account straight away.

Compare business accounts

Decide which account is right for your business with this simple side-by-side comparison.

Our partnership with Xero

We've joined forces and connected our online platforms to deliver better everyday business banking that’ll make managing your money simpler.

So whether you're on the road or in the office you can:
 

  • Receive alerts as soon as payments land in your account

  • Match those payments easily to invoices

Other ways we can help

Use our help guides, FAQs and other support services to help you manage your banking more easily.

Contact us

Request a call back

Let us help you with your business banking needs.

Call us

Call us for your general enquiries about business banking.

Visit a NAB branch

Use our locations tool to find business banking services.

Terms and Conditions

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