Important disclosure
Classic Banking
special
No monthly account fees ever. NAB Classic Banking account. T&Cs apply.2024 Award Winner
Account Keeping Fees
$0
Maximum Interest rate
0.01%
RateCity says
“A classic bank account from one of Australia's biggest banks. Enjoy extensive ATM access and zero account keeping fees with this bank account.”
Pros and cons
For Classic Banking
Benefits
- $0 account keeping fee
- Linked Visa debit card
- App banking available
- Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay available
- 0.01% interest applies
- Free transfer to international accounts
- Send money using PayID
- Winner of Best Bank Account, RateCity Gold Awards 2024
Drawbacks
- $5 Overseas ATM Withdrawal Fee
- $3 fees apply for overseas transactions
- 3% fees apply for overseas transactions
NAB Rate Bank account overview
For Classic Banking
Account Details
Minimum opening amount $0 | Min. age restrictions N/A |
Minimum balance | Max. age restrictions N/A |
Interest Calculation Frequency Daily | Interest payment frequency Quarterly |
Features
Linked Account | Send money using PayID |
Joint application available | Free International Account Transfer |
Foreign Currency | Target Market Determination Visit National Australia Bank Limited to view Target Market Determination. |
Methods of Access
Internet Banking | ATM access |
Phone Banking | EFTPOS Facility |
Branch Access | Cheque services |
App | App only |
Fee Details
Account Keeping Fees $0 | Min. deposit for fee free N/A |
ATM & EFTPOS Fees
ATM withdrawal fee $0 | Other bank ATM withdrawal fee |
Daily ATM withdrawal limit $2,000 | EFTPOS Fee $0 |
Overseas fees
Overseas ATM withdrawal fee $5 | Overseas eftpos fee |
Foreign transaction fee $3 |
Other transaction fees
Phone transaction fee $0 | Internet transaction fee $0 |
Counter withdrawal fee $0 | Free counter transactions |
Counter deposit fee $0 | Cheque fee $5 |
Cheque dishonour fee |
Electronic Wallet Service
- Other No monthly account fees ever. NAB Classic Banking account. T&Cs apply.
FAQs
How do I transfer money from Paypal to my bank account?
Transferring cash from Paypal into your bank account is simple…if you have a Paypal account that is.
Once you’re logged into your Paypal account, the account balance will appear on your home page. Below your balance are two options:
- Add money
- Withdraw money
Choose option two if you want to transfer money from your Paypal account to your personal bank account.
The next screen will prompt you to either enter new bank account details or choose a bank account that’s connected to Paypal. You can always add more bank accounts to your Paypal profile.
Another way to transfer out of Paypal is by jumping to the wallet tab on the top menu, and clicking ‘transfer money’. Both options will give you the same result.