Here's what you get...

  • No monthly account fees and no minimum monthly deposits

  • Earn a competitive interest rate daily on your account balance

  • No ATM withdrawal fees at over 10,000 ATMs across Australia

  • A NAB Visa Debit card for all your everyday spending

Ready to apply? You’ll need…

  • To apply at your closest NAB branch or over the phone on 13 22 65

  • To be over 55 and retired, or receiving a Government pension or allowance

  • Your passport or driver’s licence and Medicare card or a utility bill with you

Okay, let's break it down...

$0

Monthly account fees

It’s your money – keep the extra cash up your sleeve for something else.

$0

Overdrawn fees

If you happen to overdraw your NAB transaction account.

$0

Withdrawal fee at over 10,000 ATMs

Access over 10,000 ATMs across Australia, and say goodbye to ATM fees.

  • Transaction fees (within Australia)

    $0

WHAT TO EXPECT WHEN YOU APPLY

  • Step 1

    Apply over the phone or at your nearest NAB branch.

  • Step 2

    A banker will give you a NAB Identification Number (NIN).

  • Step 3

    Register for Internet Banking (using your NIN) and download the Mobile Banking app

  • Step 4

    If you’ve opted for a NAB Visa Debit card, you’ll receive an SMS letting you know when it will arrive.

Goodbye, hassle

Hello, NAB app


Block and unblock your card

Say you’ve lost your card. Well, you can temporarily block it at the touch of a button – same goes with unblocking it if it turns out to be a false alarm or, worse case, reordering another card.

Have any questions?

Let's get you sorted

How is my interest calculated and paid?

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.

What forms of ID do I need to provide when I apply?

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.

How long will it take for my card to arrive?

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.

What’s the maximum amount of money that I can withdraw from an ATM or branch?

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.

Which ATMs can I use to avoid paying withdrawal fees?

You won’t be charged a withdrawal fee when you use any NAB ATM, rediATM or a BoQ 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.

Still have questions?

Okay, no worries. Give us a call on 13 22 65

Other options to consider

NAB iSaver

Enjoy flexibility with your savings while still earning interest. Receive the fixed bonus margin for the first four months on your first new account for balances up to $20m.

NAB Reward Saver

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

NAB Term Deposit

Earn competitive interest on your savings over a fixed term that suits you.

Important information

(1) To be eligible spend for cash back, contactless purchases must be made in AUD and processed and debitted to your account by the last banking day of the month. Eligible spend is capped at $1,000 per month.

Personal Transaction and Savings Products Terms and Conditions

Personal Banking Fees – A guide to fees and charges (PDF, 355KB)

Indicator rates - deposit products

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