Experience unmatched benefits

Unlimited standard NAB electronic transactions

Standard electronic transactions include EFTPOS and ATM transactions.

Link your accounting package

Your transaction data can feed into your accounting package to help keep you on track. You can integrate your account with accounting software, including MYOB, Xero and NAB Bookkeeper.

Support everyday

Our business bankers are here to support you seven days a week.

Fees and charges

The 15 most expensive eligible transactions are free each month. You will only be charged for banker assisted deposit or withdrawals, EBD, CDM, ECD or cheque transactions once you have exceeded the 15 free eligible transactions.

Monthly account fee

$ 10

Electronic transactions

$ 0

Unlimited electronic and NAB ATM transactions included.

Express Business Deposits (EBD), Coin Deposit Machine (CDM), Express Cheque Deposits (ECD)

$ 3 per transaction

Charged for each deposit processed via Express Business Deposit (EBD), Coin Deposit Machine (CDM) and Express Cheque (ECD) services or cheques written on an account.

PLUS an additional $3 for each cheque lodged for deposit.

Banker assisted transactions

$ 3 per transaction

Charged for each deposit or withdrawal processed by a banker over the counter at a NAB Branch or at an Australia Post Office. Plus an additional $3 for each cheque lodged for deposit.

The table below compares the fees and charges of our everyday business accounts with $0 monthly fee and a $10 monthly fee to help you choose the right account for you.

  $0 monthly fee option $10 monthly fee option

Monthly account service fee
$0 monthly fee option
$0
$10 monthly fee option
$10

Monthly free eligible transactions
There's no charge for the 15 most expensive eligible transactions incurred for the month. Eligible transactions include banker assisted deposits or withdrawals, EBD, CDM, ECD or cheque transactions.

If an account incurs more than 15 eligible transactions within a month, the additional transactions will be charged according to the NAB Business Banking Fees – A Guide to Fees and Charges.
$0 monthly fee option
No free eligible transactions
$10 monthly fee option
15 free eligible transactions

Banker assisted deposit or withdrawal
Without cheque or item lodged
$0 monthly fee option
$3 per transaction
$10 monthly fee option
$3 per transaction

Banker assisted deposit with cheque or item lodged
In addition to deposit fee
$0 monthly fee option
$3 per cheque/item
$10 monthly fee option
$3 per cheque/item

Express Business Deposits (EBD), Coin Deposit Machine (CDM), Express Cheque Deposits (ECD)

Without cheque or item lodged
$0 monthly fee option
$3 per transaction
$10 monthly fee option
$3 per transaction

Cheques and items lodged with deposit via EBD or ECD
 In addition to deposit fee
$0 monthly fee option
$3 per cheque/item
$10 monthly fee option
$3 per cheque/item
Cheques written
 (e.g. cheques written on and debited from your NAB Business account. Note, cheque books are not available for new accounts.)
$0 monthly fee option
$3 per cheque
$10 monthly fee option
$3 per cheque

NAB ATM transactions
(e.g. Cash deposit and withdrawals, or cheques deposits made at NAB ATM)
$0 monthly fee option
$0
$10 monthly fee option
$0

Mobile cheque deposits via the app
(e.g. cheques deposited into your NAB Business account via NAB mobile app)
$0 monthly fee option
$0
$10 monthly fee option
$0

EFTPOS transactions
 (e.g. domestic debit card purchases)
$0 monthly fee option
$0
$10 monthly fee option
$0

Electronic transactions
(e.g. deposits or withdrawals via NAB Internet Banking and NAB Telephone Banking)
$0 monthly fee option
$0
$10 monthly fee option
$0

Getting started The application process

Step 1

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 you are an Australian resident for tax purposes.
  • Your ABN or ACN is active, unless you are a sole trader with no ABN.

Step 2

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 two forms of ID to complete security identification.

Existing NAB customers

Provide your NAB ID and follow the application prompts to securely log into NAB Internet Banking.

Fast online application

Step 3

What happens after you submit your application?

  • You’ll receive a confirmation email with your application reference number.
  • If the account isn’t opened within 3–5 business days, we’ll contact you as we may need to verify information, such as your business details.
  • Once verification is complete, we’ll open your new business bank account.
  • Your account details will be emailed to your nominated address.
  • If you’re a new business customer, your NAB Business ID will be sent via SMS. You can then register for NAB Internet Banking and access your new account via the NAB app.

You might also be interested in

NAB Business Visa Debit Card

With our everyday business accounts you get a feature-packed NAB Business Visa Debit Card to use for ATM withdrawals, contactless payments in store with a smartphone or wearable device, or making online purchases.

  • Access your business funds wherever Visa is accepted including online, over the phone and overseas.

  • Protection against loss from fraud with Visa Zero Liability, opens in new window, NAB Defence and Visa Secure.

  • Discover great deals, discounts and privileges from the Visa network.
Find out more about the NAB Business Visa Debit Card

NAB Bookkeeper

Manage business finances easily with our simple, smart and powerful bookkeeping solution. Seamlessly connect to your NAB business accounts, so everything is in one place.

  • Create, send, track and manage invoices and quotes.

  • Track your income and expenses in real time.

  • Automatically reconcile transactions.
Find out more about NAB Bookkeeper

Discounts and benefits for business transaction account holders

With a NAB business transaction account you can enjoy discounts and benefits from our partners.

Explore discounts and offers

Other products to consider

Haven't found what you're looking for? Here are some other banking products that may suit your business.

NAB Business Everyday Account ($0 monthly fee)

Only pay for what you need, with this transaction account with no monthly account fee.

NAB Business Cash Maximiser Account

An online savings account to help separate your operating cash from surplus, savings or tax payment balances.

NAB Easy Tap

Learn how the NAB Easy Tap app can turn your Android device into an EFTPOS reader.

Help and support Help with your business banking

Find guides, FAQs and helpful information for managing your business banking.

New
Sole Trader Resource Centre

Visit the new Sole Trader Resource Centre to access educational content for every stage of your business – from setting up and complying with income and tax obligations – to growing your business and more.

  • Learn how to get started on your sole trader journey.

  • Access business ideas and learn how to grow your business.

  • Discover essential sole trader income and tax information.
Find out more

Get in touch

Contact us

Explore our business banking contact information and get support with a wide range of products, services and topics.

View all business banking contacts

Visit a NAB branch

Our business bankers are located all around Australia.

Find a NAB business banking centre

Terms and Conditions

Closing your account

You or any other authorised person can request to close your account by visiting a NAB branch, calling our contact centre, contacting your banker or by providing written notice. There may be certain circumstances in which we are unable to immediately close your account, and in these cases we may request further information from you.

Fees and charges

NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding these products. These products are issued by National Australia Bank Limited ABN 12 004 044 937.

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