Skip to Content

Types of Australian bank accounts offered before you arrive

Banking with NAB

Planning and organising finances is an important part of the process for every person moving to Australia. We understand moving to a new country can be daunting so we’ve made sure opening an account with NAB is simple and easy.

We have two accounts that you can open before you arrive:

  • NAB Classic Banking
  • NAB iSaver

The standard accounts NAB offer are the NAB Classic Banking account and the NAB Isaver (attached to the Classic account) either these accounts allow you to pay funds into directly from overseas.The standard account NAB offers is the NAB Classic Banking account which you can pay funds into directly from overseas.


Benefits of NAB Classic Banking:

  • no monthly account service fee, ever
  • no opening or minimum balance requirements
  • no overdrawn fees
  • access to a national NAB branch network
  • access to over 3,400 NAB ATMs and rediATMs Australia wide without paying additional ATM fees
  • ATM access in 8 different languages
  • a named banker who can assist you before you arrive
  • unlimited access to NAB branches, NAB Visa Debit (available to customers aged 18 or over), EFTPOS, NAB Telephone Banking and Internet Banking on your mobile as well as smartphone applications, which are free to download
  • access to special offers on shows, events, experiences and movies from Visa Entertainment via your NAB Visa Debit Card

You can combine the NAB Classic Banking account with a NAB iSaver, our online savings account which you can transfer funds into directly from overseas.

Benefits of NAB iSaver:

  • No bank fees – no transaction or monthly account keeping fees
  • Interest calculated daily and paid monthly on every dollar [1]
  • No minimum or opening balance requirements
  • Unlimited deposits and withdrawals without affecting your interest rate
  • Move money between your accounts through NAB Internet and NAB Telephone Banking without any transfer fees
  • Access to savings through a linked NAB Classic Banking Account [2]

Once you have your account number, you can transfer money straight into your account. It’s important to note you’ll only be able to withdraw money from your account once you’ve been formally identified by your banker, once you arrive in Australia.


[1] NAB recommends you consider the terms and conditions, Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding any of the products above. These products are issued by National Australia Bank Ltd ABN 12 004 044 937 AFSL 230686. Any advice contained on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice onthis website, NAB recommends that you consider whether it is appropriate for your circumstances.

Terms and conditions available on application. Interest rates are subject to change. The NAB iSaver account must be linked to a NAB Classic Banking account. Transfer of funds from the NAB iSaver is only available through a linked NAB account. There are no transfer fees between the iSaver and the linked NAB Classic Banking account.

[2] Access to funds in the NAB Classic Banking account will be available after verification of your identity at a NAB branch in Australia.

The links to non-NAB third parties on this page are provided as information only. NAB cannot confirm the reliability of the information or services provided by these sites.

Contact Migrant Banking


Level 8 (8.602) 700 Bourke Street,
Docklands, Victoria, 3008

Service Hours:  9:00 a.m. – 5.00 p.m. AEST, (Monday to Friday)

Tel: +61 (0)3 8634 1393






New Zealand

Level 4 Quay Park,
30 Mahuhu Crescent, Auckland 1010,
New Zealand

Service Hours:  9:00 a.m. – 5.00 p.m. (Monday to Friday)

Tel: +64 (0)9 976 6318