NAB is an acronym for National Australia Bank. It is one of the most popular banks in Australia with numerous branches and ATMs, which makes it convenient for customers to access their accounts. Internet and mobile banking have made it easier for customers to access their NAB account regardless of where they are.
There is no minimum balance or account fee required when opening a NAB personal transaction account. In addition, there is no monthly service fee with NAB accounts, unlike other bank accounts, which charge a monthly service fee for the account upkeep. Also, there are no monthly deposits requirements for personal accounts.
The is no transaction fee involved in all transactions carried out via NAB personal transaction account as long as it is within Australia. Using the NAB Visa Debit Card oversees attracts high fees for every transaction performed. Non-NAB ATMs charge $5 for ATM withdrawals and 3% fees for international transactions involving the currency conversion. This is something you need to have in mind, especially if you are someone doing business overseas.
The NAB Classic Banking Visa debit card is very flexible in terms of payment options. For instance, you can make payments with your phone, online apps, or through other payment platforms such as Google Pay, Apple Pay, and Samsung pay. It has been several years since the launch of Apple Pay, and not all banks offer Apple Pay. Keep in mind that NAB has lots of branches and ATM outlets, making it convenient for customers to perform transactions without necessarily visiting their respective branches.
NAB has excellent customer service, which handles all the queries and inquiries made by the customers involving their bank accounts. The customer service staff works tirelessly to ensure all the problems are handled promptly without delay. For instance, some customers report issues to do with withdrawals, deposits, accounting balances, and many more. It is the responsibility of the customer to notify the relevant departments about the problems raised and how to get them solved. Immediate response and quick handling of the issues are some of the reasons why customers prefer to bank with NAB.
NAB is a reputable bank since it has been in existence for over 150 years, making it one of the longest-serving banks in Australia. This is proof that the bank is reputable in the provision of its banking services. Its affordable transaction fees and lack of monthly service fees are some of the reasons that have made it popular among Australians.