NAB Classic Banking

Moneybuddy says

Just as the name suggests, this is a classic, straightforward bank account. There are no monthly account fees and no minimum amount of deposits that need to be made.You also get a Visa Debit Card with payWave at no extra cost.

The Basics

Interest paid -

Interest calculated -

Headline interest rate p.a. 0%

Monthly fee $0

Account type Transaction

The cool stuff: features

ATM access Yes

EFTPOS access Yes

Branch access Yes

Internet Banking Yes

Age restrictions No

Cheque book facility Yes

Debit card Yes

BPAY No

GiroPost No

Phone access Yes

The Facts & Figures

Balance less than $1k (p.a.) 0%

Balance less than $5k (p.a.) 0%

Balance less than $25k (p.a.) 0%

Balance greater than $100k (p.a.) 0%

Min. balance -

Min. opening deposit -

Number of free elect transactions per month -

The ugly stuff: fees

Other bank ATM fee -

EFTPOS transaction fee $0

Branch assistance fee $0

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NAB says

No monthly account fees, ever, no matter how you bank. No minimum deposits. NAB Visa Debit card with payWave at no extra cost, so you can shop wherever Visa is accepted. Unlimited access to your money through NAB Internet Banking or NAB Telephone Banking, in any branch, through our ATM network (including rediATMs), using EFTPOS, or through an optional chequebook. The option to add a personal overdraft for those times you need a little extra cash. You're protected from fraud by our NAB Defence security promise.

Key features

No monthly account fees
No minimum amount of deposits need to be made
NAB Visa Debit card with payWave at no extra cost
The option to add a personal overdraft
No overdrawn fees

Pros

No monthly account fees
Visa Debit Card with payWave included at no cost
Unlimited access to your money through a wide variety of means including phone, internet, branch and ATMs