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

  • By completing this online joint account application all account holders agree that each account holder may operate the account with direct access to the funds in the account.

    When you apply for a joint account online, each account holder will have direct access to the funds in the account, through digital channels like NAB Internet Banking and the NAB app, with a debit card or in a branch. This means each account holder can access the account individually to withdraw or deposit money separately from the other account holder.

    If you want both account holders to jointly operate the account – meaning that both need to give permission for deposits and withdrawals – you’ll need to come into a branch to arrange this. Don’t apply online.

    If your situation changes and you want to change how both people access the money, please visit a branch. Refer to important information for operating a joint account to help you make the best choice for your circumstances.

    You can only apply for a joint account in your browser, not via the NAB app.

  • You’ll have opportunity to apply for a NAB Classic Banking account during the application. To learn more, visit NAB Classic Banking before you start your application.

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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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.