Reducing your banking fees
Your day-to-day banking doesn’t need to cost you anything. By selecting the right account and being aware of the type of transactions you are making you could reduce your bank fees or conduct fee-free banking altogether.
Choose a bank account that’s right you
There are a number of ways you can save depending on which day to day transaction accounts you choose.
- Does the account have a fee allowance or minimum balance? Check out our Everyday account or our Access Savings account.
- Are there any offsets available as a part of the account? For example some accounts allow you to offset the amount in the account against a loan this is quite common against home loans like a Mortgage Offset account or our Car Budget Account.
- Are there any waivers because of your age or circumstance? Most banks give concessions to Students, children and retirees. Find out more about our student banking, retiree account, youth and children’s accounts.
Check the fees and charges on your bank account
It is worthwhile checking out what fees you incur with each transaction type. Depending on the type of account you have, self service transactions using Internet Banking, Mobile Banking, Phone Banking, rediATMs and EFTPOS may incur lower fees than transactions via a branch and may help you reduce your bank fees. So simple changes to your banking routine may help you save on fees.
Keep track of payments, balances, purchases and more using Mobile Banking Alerts
Avoid overdrawing your account balance or keep track of when payments or purchases are made by setting up mobile banking alerts. These will help you keep track of your account balances and transactions so you can prevent a direct debit from dishonouring, or prevent your account from being overdrawn or over limit. Find out more about mobile banking.
Use rediATMs to minimise fees
The rediATM network includes both rediATMs and NAB ATMs so you can use either without incurring a direct charge from the ATM. Find out where your closest rediATM is.
Talk to us about how you can reduce your banking fees and maximize your banking. We can conduct a banking review to ensure you have the right products and services for you. Call us on 13 25 85 or visit your nearest branch.
Before acquiring any of these products, you should consider if it is right for you. For full terms, conditions, fees and charges please view our Financial Services Guide, Product Guide and Fees and Charges Guide. This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs.