What is a joint account?

A joint account is an account that has more than one owner. Any of the following NAB accounts can be opened jointly.

  • NAB Classic Banking account

  • NAB iSaver

  • NAB Reward Saver

  • NAB Term Deposit

When applying for a joint NAB Classic Banking account you can both get a NAB Visa Debit card or link an existing card to the new account. If you have any questions, are unable to apply online or want to open an account in more than 2 peoples' names, visit a branch – we’re happy to help.

Things to consider before you apply

In addition to opening a joint bank account with NAB, consider if you should also keep separate bank accounts. Here are some things you need to know before you apply.

Is a joint account right for you?

You should discuss your financial goals and spending habits together and remember, both parties will have access to the funds you deposit.

What you need to agree on:

  • How much is deposited.

  • How often each person makes a deposit.

  • What expenses get paid out of the shared account.

  • What your savings goals are.

  • How the account can be used. Do both people have to authorise transactions? Or just one?

Features of a joint account

Once you've discussed how you'll manage your joint account, enjoy these features.

  • Better visibility of shared expenses to manage joint bills, spending and household expenses.

  • Reach savings goals faster for things like a house deposit, holiday or large purchases.

  • Share the workload by managing finances together with joint responsibility of this life admin task.

Online application eligibility

To be eligible to apply online, both applicants need to meet this criteria:

  1. You're at least 14 years old and an Australian resident for tax purposes (to apply for most joint accounts).

  2. You're over 18 years old if you want to apply for a NAB Term Deposit.

  3. You're a new NAB customer or existing NAB customer with a joint account.

How to apply

You can apply online in under 10 minutes. Choose one or more account type to cover your banking needs.

Transaction accounts

Meet your everyday bank account. Easy access to your money everyday with no monthly account or overdrawn fees.

Monthly account fees

$ 0

Overdrawn fees

$ 0

Withdrawal fee at ATMs

$ 0

Features of this account

  • No monthly account fees and no minimum monthly deposits

  • No overdrawn fees if you happen to go over your account balance

  • No ATM withdrawal fees at over 7,000 ATMs across Australia

  • A NAB Visa Debit card for all your everyday spending

Open online in less than 5 minutes

Savings accounts

Easily access your money with an online savings account linked to your NAB transaction account.

Introductory interest rate for 4 months

0.80 % p.a.

0.30% p.a. base variable rate + 0.50% p.a. fixed margin for 4 months. After 4 months base variable rate only applies of 0.30% p.a.

Is this account right for you?

  • Flexibility to make withdrawals and still earn interest

  • Earn high interest rate for the first four months

Open online in less than 5 minutes

Grow your savings faster with bonus interest for regular deposits and no withdrawals.

Earn up to

0.50 % p.a. for balances up to $49,999

Earn up to 0.50% p.a. (0.01% p.a. variable base rate + 0.49% p.a. variable bonus rate) for each month that you make at least one deposit before the second last banking day and no withdrawals.

NAB Reward Saver has a tiered interest structure, meaning you may receive a different rate for the entire balance depending on the tier your balance falls within. Interest rates shown above are for balances up to $49,999. View Indicator Rates - Deposits for full details of tiers and rates.

Is this account right for you?

  • Ideal if you’re saving for a goal e.g. a holiday or a home loan deposit.

  • You can make regular monthly deposits to secure the higher interest rate.

Open online in less than 5 minutes

Term deposits

Enjoy a competitive interest rate and the ability to choose a term to suit your specific needs.

12 month term

2.25 % p.a.

A fixed interest rate, paid at maturity. Interest rates vary based on the term you choose.

Is this account right for you?

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

  • Competitive, fixed interest rates, based on the term you choose

Open online in less than 10 minutes

How to set up your new joint account

Learn how to nominate how you both want to use your joint account and how to set up online banking.

  • Account authority means nominating what different account holders or signatories can do with your account. You should carefully consider the implications of each of the options outlined below. Talk to one of our bankers if you're unsure or want to better understand the following options.

    You can change your account authority at any time. All account holders will need to agree on the change and go into a NAB branch to sign a new authority form.

    Account authority: one-to-sign

    Things to be aware of if you choose the one-to-sign option:

    • Any account owner or signatory can perform any action without the authority of other parties, including closing the account.
    • Any party can withdraw some, or all, the funds without permission of the other account holder(s).
    • If your joint account goes into a negative (debit) balance, each account holder is responsible for repaying it immediately.

    Account authority: other options

    If you choose an account authority other than one-to-sign, actions on the account can require multiple owners or signatories to authorise (except to make deposits).

    Things to be aware of if you choose this option.

    • If all parties won’t sign, funds may not be able to be withdrawn or used.
    • Getting everyone to sign at short notice can be difficult.
    • If an account owner or signatory is unable to sign, it can be difficult to access funds.
    • Joint operating authority suits account holders who have a mutual purpose for the funds and transactions on the account.
  • When you first open an account with NAB, you receive a unique NAB ID which you can use to register for NAB Internet Banking and the NAB app.

    You each need to use your own unique NAB IDs and passwords to access your new joint account.

    Once you've registered for online banking, each person will be able to see account transactions. You can view any money that's been deposited, transferred or withdrawn to help you keep track of your expenses.

    You'll each receive online account statements, which you can also view and download.

Disputes on joint accounts

A dispute may happen when you or another account holder or signatory is experiencing difficulty, separating from a partner, experiencing financial abuse, as a form of domestic or family violence or doesn’t agree with how the account is operated. Here is some information to help.

  • If an account is in dispute, we can pursue many actions, including:

    • temporarily blocking withdrawals from the joint account (even if the account is one-to-sign)
    • transferring funds from the disputed account to other personal accounts to allow short term access to funds (with the approval of all parties)
    • open a separate account without the other parties’ name
    • organising statement access if only one party receives them.
  • We can provide a range of support if you find yourself in a difficult personal situation, from connecting you with appropriate support organisations, to helping you set up accounts to get you on your feet again.

    Call our NAB Customer Support Hub on 1300 308 175 Monday to Friday, 8:00am to 7:00pm (AEST/AEDT), Saturday 9:00am to 1:00pm (AEST/AEDT) to find out what other support we can give you.

    1800 RESPECT, the National Sexual Assault Domestic Violence Counselling Service, offers confidential online and telephone counselling, information and referral services. Visit 1800 RESPECT, opens in new window or you can call 1800 737 732, 24 hours, 7 days a week.

Contact us

Visit a NAB branch

Visit your nearest NAB branch to speak to us in person.

Terms and Conditions

Any advice contained on this website is general only and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this website, you should consider whether the advice is appropriate for your objectives, financial situation or needs. 

Closing your account
If you’d like to close your account please visit a NAB branch, or call us on 13 22 65 from Monday to Friday, 8:00am to 7:00pm (AEST/AEDT) or Saturday to Sunday, 9:00am to 6:00pm (AEST/AEDT).

Personal Transaction and Savings Products Terms and Conditions

Personal Banking Fees and Charges

NAB Term Deposits Terms and Conditions

Indicator rates - deposit products

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