NAB Retirement Account

It’s calculated daily and paid quarterly. Please note that daily interest amount for the last banking day of a quarter will be included in the amount paid to you in the following quarter. You can check out the tiered interest rates you’ll get with your NAB Retirement Account right here.

You’ll need at least two forms of ID documents to complete our standard 100-point ID check.

Primary ID documents include your Australia Government-issued driver’s licence, passport, birth certificate, citizen certificate and your social security/pension card. These are worth 70 points each.

Secondary ID documents include your Medicare card, a utility bill, your rates notice or a notice from the Australian Taxation Office, for example. These are worth 30 points each.

Once your account’s been opened, you should receive your NAB Visa Debit card or NAB Platinum Visa Debit card in the mail within seven to 10 days. Just so you know, you don’t automatically receive either card when you open your account. When you apply, you’ll be asked whether you’d like a debit card and, if so, which one.

Prior to your card arriving in the mail, you can start using NAB Pay immediately if you have an Android phone.

For ATMs, the maximum limit you can withdraw is $2,000 per card per business day. Meaning, if you have a NAB Visa Debit card and a NAB credit card linked to your NAB Classic Banking account, you could withdraw up to $4,000 from your NAB Classic Banking account, for example.

If you’re withdrawing cash from your account in a NAB branch, there is no maximum withdrawal limit. However, if you’re withdrawing a particularly large sum of money, you should visit the NAB branch you intend to withdraw the money from in advance and notify them of them amount you’d like to withdraw – this will ensure the branch has adequate funds available when you want to make the withdrawal.

You won’t be charged a withdrawal fee when you use any NAB ATM. A number of other banks have also made ATM withdrawals from other banks free, but we suggest double checking their respective websites first, just to be sure. Also, please note that international fees still apply when using an ATM outside of Australia.