NAB Reward Saver application checklist | Eligibility criteria - NAB

Eligibility criteria

  1. You're 14 years or older. If you’re under the age of 14, you’ll need to visit a NAB branch with your parent or guardian to open your account. Learn how to open a bank account for children.

  2. You're an Australian resident for tax purposes .

  3. You have an Australian mobile number.

ID requirements for new customers

If you're new to NAB, you'll need to meet the eligibility criteria listed above, as well as provide one form of ID if you're over 18, or two if you're under 18:

  • Passport (Australian or foreign)
  • Australian driver's licence
  • Birth certificate
  • Medicare card (you'll need a second ID with this)

Verifying your ID

You’ll need a smartphone to scan your ID, and to take a selfie for verification. 

If you’re not able to do this because you don’t have a smartphone or for any other reason, please call 13 22 65 or visit a branch.

If you’re applying for a joint account, the smartphone requirements don’t apply for you. You’ll be able to verify your ID on any device.

Rates and key fees for a NAB Reward Saver account

  • Current variable base interest rate: 0.01% p.a.
  • Current variable bonus interest rate: 4.99% p.a.
  • Total NAB Reward Saver interest rate: 5.00% p.a.

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 for deposit products for full details of tiers and rates.

Other fees may apply.

Other things to consider

When applying for a NAB Reward Saver, you can also add a NAB Classic Banking account during your application. Visit the product information for NAB Classic Banking before you start your application.

Joint account information

To apply for a joint account, please visit our joint accounts page for important details, and make sure you read through the following information before applying.

  • Joint accounts are designed for people who want to manage shared everyday expenses or savings together. By applying online, both applicants receive full access and agree that either person can operate the account on their own, including making deposits and withdrawals. If you want payments to require approval from both holders, you’ll need to apply in branch.

  • Age requirements
    You can apply online when both applicants are 18 years or over. If you are under 18, please visit a branch.

    How to apply online
    A joint account means both of you need to complete the application. We’ll only open the account once both parts are finished and approved. If either applicant is new to NAB, you’ll need to complete the online application form together. If you both already bank with NAB, one person starts the application and invites the other by email and mobile number. Please visit our joint accounts page for specific information about how to apply.

    Before you start:

    • Allow time to complete the application in one go, it can’t be saved
    • Each applicant must complete their part in a single session
    • Invited applicants have up to 7 days to finish before the application expires
    • Read things to consider before applying to understand what add on products may be available as part of your application.

    Government concession card holders
    If both applicants already bank with NAB and either of you have a government concession card, you will need to apply in branch or contact us to apply your overdraw preferences to your joint account. If either applicant if new to NAB, you can choose your overdraw settings in the online joint account form.

    • Applications for joint accounts can only be made via the website or in person, not via the NAB app or NAB Internet Banking.

  • If you’re feeling unsure about a joint account, it’s ok to pause. Feeling pressured to combine money can be a sign of financial abuse. Confidential support is available through our Extra Care Support services. You can also read more about what to consider before you apply on our joint accounts page.

Ready to apply?

If you have an in-progress application for a NAB product, it will be automatically cancelled if you start a new application.

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Already a NAB customer?

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ID Help for First Nations Customers

If you're Aboriginal or Torres Strait Islander and don’t have ID, call our Indigenous Customer Service line on 1800 966 100 Monday to Friday, 8:00am to 7:00pm (AEST/AEDT) or visit a NAB branch.

Terms and Conditions

Any advice has been prepared without considering your objectives, financial situation or needs. Before acting on any advice, you should consider whether it is appropriate for your circumstances and view the Personal Transaction and Savings Accounts Terms and Conditions. Target Market Determinations for NAB products are available at nab.com.au/TMD. NAB products issued by NAB.

See our personal banking fees and charges and indicator rates for deposit products.