NAB

About this bank

Fees & Offers

Monthly Fee

Free

Fee Waiver Conditions

A$0/month, unconditionally. No domestic transaction or overdrawn fees. The only Big 4 account with no monthly fee and no conditio⁠n⁠s⁠.

Age-⁠based Waiver

Not specif⁠i⁠e⁠d

Max Bonus Savings Rate

5.00⁠% p.a. when conditions are⁠ ⁠m⁠e⁠t

Welcome Bonus

Not specif⁠i⁠e⁠d

Transfers & Cards

Intl. Transfers

Supports PayID/Osko. Can receive international transfe⁠r⁠s⁠.

e-⁠Transfer

Not specif⁠i⁠e⁠d

Pre-⁠arrival Window

Not specif⁠i⁠e⁠d

Debit Card

NAB Visa De⁠b⁠i⁠t

Australia Details

ATM Fees

Fee-⁠free at 4,000+ ATMs across Australia. Check the official site for overseas ATM and foreign transaction fe⁠e⁠s⁠.

Savings Account

NAB Reward Saver: 5.00⁠% p.a. with bonus (deposit monthly and make no withdrawals). iSaver: 5.25⁠% for the first 4 months, then 1.6⁠5⁠%⁠.

Account Opening

Open at an NAB branch after arrival (pre-⁠arrival online opening is currently suspended). Requires a 100-⁠point ID check (passport + visa). You need 6+ months remaining on your visa and a 6+ month stay, so very short stays may not quali⁠f⁠y⁠.

TFN

Without a TFN, interest is taxed at the top withholding rate — register your TFN once you have⁠ ⁠i⁠t⁠.

Important notes

Monthly fees, welcome bonuses, and charges change over time (last verified: July 2026). Japanese-language support may depend on branches with Japanese-speaking staff and is not always an official service. Compare real transfer costs as fees plus exchange-rate margin. Always check each official site for the latest details.