Live, Work, Study or Holiday in Australia RedStarResume CV writing service

Live, Work, Study or Holiday in Australia

National Australia Bank (NAB)

Whether you are moving to Australia to live, work, study or for a working holiday, NAB understands that you have lots of things to consider. Thatís why they have kept the setting up of your banking in Australia, before you leave home, simple.

Opening a bank account before you leave home means that you can transfer your money to Australia, so that itís all ready for you when you arrive. It also means you have a way to have your salary/wages paid in Australia!

Choose the NAB

Known locally as NAB, they are an international financial services organisation that provides a comprehensive and integrated range of financial products and services which they have been doing for over 150 years.

Making it Easy

Their team of migrant and expatriate banking experts can help you set-up your Australian bank account, transfer funds into your new account and help you with any banking questions you may have. They are there to help you make the moving of all your finances to Australia as simple as possible.

Once your account has been opened, you will receive a letter containing your account details as well as the name of your dedicated migrant banker who will meet with you when you arrive in Australia. Your dedicated banker will have a working understanding of the unique needs of a newly arrived migrant.

On arrival in Australia your dedicated banker will:

identify you and activate your account so you can access your funds. This is simple, just ensure you meet with your banker within 6 weeks of arriving in Australia and have your passport with you.

have your debit cards ready for you at the meeting.

talk to about any additional banking needs you may have and take you through a comprehensive suite of NABís banking benefits and services and highlight how we might be able to assist you to make the right decisions for your current and future financial position.

Accounts With No Monthly Account Service Fee

The standard account NAB offers for newly arriving migrants is their everyday banking account, NAB Classic Banking.

NAB Classic Banking features:

  • No monthly account servicing fee.
  • No opening or minimum balance requirements.
  • No overdrawn fees.
  • ATM access in eight different languages.
  • National branch network.
  • Access to over 3,400 NAB ATMs and rediATMs Australia-wide without paying additional ATM fees.
  • NAB Visa Debit card included at no extra cost, which means that you can access your own money online, over the phone and overseas wherever Visa is accepted.
  • Unlimited access via NAB Branches, NAB Internet Banking, NAB Internet Banking on your Mobile, NAB Telephone Banking, NAB SMS Banking, NAB Visa Debit and EFTPOS.

You can combine your NAB Classic Banking Account with a NAB iSaver an online savings account that offers competitive interest rates, which you can pay funds into directly from overseas.

The NAB iSaver features:

  • No bank fees - no transaction or monthly account service fees
  • Interest calculated daily and paid monthly
  • No minimum or opening balance requirements
  • Unlimited deposits and withdrawals with no impact on the rate of interest you earn
  • Immediate access to your savings through your linked NAB Classic Banking account (once your identity has been verified in Australia)
  • You can move your money between your two accounts through NAB Internet and Telephone banking. 

Itís easy to apply online at

It takes about 10 minutes and your account is normally opened in two working days.


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