NAB Business Accounts: Transaction Banking for Different Operating Models
The right business account depends less on the logo and more on how money moves through the company. An online-first consultancy, a retailer depositing cash and a finance team running payroll files can face very different costs on the same banking relationship.
NabConn never asks for NAB Connect credentials
Use an official NAB-operated service for account authentication. Do not send NabConn your NAB Connect User ID, password, PIN, token code, one-time passcode, full card details or online-banking credentials.
NAB Business Everyday Account Options
NAB currently offers $0 and $10 monthly-fee versions of the Business Everyday Account. Standard electronic and NAB ATM transactions are listed at $0 on both options.
The $10 option includes 15 of the most expensive eligible assisted or physical-service transactions each month before transaction charges apply.
Cash and Cheque Activity Changes the Economics
A business banking mostly online may value the $0 option. A business using assisted deposits, Express Business Deposits, Coin Deposit Machines or cheques should compare the $10 option’s monthly allowance against expected activity.
Separate Operating Cash From Savings
NAB also publishes business savings and term-deposit products. Operational cash, tax reserves and surplus funds do not always need to sit in one transaction account.
Choose the Online-Banking Layer Separately
The transaction account and the access platform are related but distinct decisions. A straightforward account can still be operated through NAB Connect where multi-user controls are needed.
Business Everyday Account Comparison
| Feature | $0 monthly option | $10 monthly option |
|---|---|---|
| Monthly fee | $0 | $10 |
| Standard electronic transactions | $0 | $0 |
| NAB ATM transactions | $0 | $0 |
| Eligible assisted / physical transactions | No monthly free allowance | 15 most expensive eligible transactions included* |
| Banker-assisted transaction | $3 each* | $3 after allowance* |
Figures and product features may change; verify current terms directly with the relevant provider.
Primary Sources Used for This Guide
Product terms can change. These sources are included so readers can verify current information directly before making an important financial or security decision.