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.