Getting started How to apply online
Step 1
Select a business bank account
- NAB Business Everyday Account ($0 monthly fee)
Enjoy free electronic and ATM transaction with this everyday transaction account. - NAB Business Everyday Account ($10 monthly fee)
For businesses making a large number of cash and cheque transactions. - NAB Business Cash Maximiser
An online savings account to help separate your operational cash from savings, wages, Tax or BAS liabilities. - Business term deposits
Earn interest with a secure return when you invest your surplus funds in a term deposit with flexible term options.
Step 2
Check your eligibility
- You are a sole trader, a partnership, a director of an Australian private company or a trustee of a trust.
- You are living in Australia and an Australian resident for tax purposes.
- Your ABN or ACN is active, unless you are a sole trader with no ABN.
Step 3
Apply online in less than 15 minutes
New NAB customers
If you are new to NAB or don't have an active NAB account, you’ll need to provide at least two of the following forms of ID:
- Australian driver’s licence
- Australian passport
- Medicare card
- Foreign passport.
Existing NAB customers
Save time completing the application and setting up your account. Provide your NAB ID and follow the application prompts to securely log into NAB Internet Banking. Here's what you need to know:
- Your NAB ID is an 8 to 10 digit number you use to log into NAB Internet Banking.
- You can find your NAB ID on the back of your NAB debit or credit card above the black strip.
What happens after you successfully apply online?
New NAB customers
- We'll verify your ID electronically, and your business bank account will be opened automatically.
- Details of your new business bank account will be sent to your nominated email address.
- Your NAB ID will be sent via SMS and you can then register for NAB Internet Banking and download the NAB app.
Existing NAB customers
- Your business bank account will be opened automatically.
- Your new business bank account details will be sent to your
nominated email address. - Your new account can be accessed using NAB Internet Banking and the NAB app.
Documents you will need to set up a business bank account
Before you apply online or in branch, select your business type and use our checklists to make sure you have the necessary documents and information ready to go.
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Check what you need to apply.
As well as your business, we'll require all signatories to be identified separately.
Checklist for individuals (PDF, 115KB), opens in new window
Checklist for Non-resident individuals (PDF, 111KB), opens in new window
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Check what you’ll need to apply.
Australian Companies - Private & Public checklist
As well as your business, we'll require all signatories to be identified separately.
Checklist for individuals (PDF, 115KB), opens in new window
Checklist for Non-resident individuals (PDF, 111KB), opens in new window
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Apply online or visit your nearest branch.
What you’ll need to apply.
As well as your business, we'll require all signatories to be identified separately.
Checklist for individuals (PDF, 115KB), opens in new window
Checklist for Non-resident individuals (PDF, 111KB), opens in new window
-
Apply online or visit us at your nearest branch.
What you’ll need to apply.
As well as your business, we'll require all signatories to be identified separately.
Checklist for individuals (PDF, 115KB), opens in new window
Checklist for Non-resident individuals (PDF, 111KB), opens in new window
-
We need to verify additional details for all other entity types, so you'll need to complete your application at your nearest branch.
As well as your business, we'll require all signatories to be identified separately.
Checklist for individuals (PDF, 115KB), opens in new window
Checklist for Non-resident individuals (PDF, 111KB), opens in new window
Choose your business structure for a tailored checklist.
Association
Association checklist (PDF, 139KB), opens in new window
Registered Co-operative
Registered Co-operatives checklist (PDF, 59KB), opens in new window
Foreign entity
Foreign entities checklist (PDF, 59KB), opens in new window
Government body
Choose a business bank account
Business transaction accounts
Enjoy free electronic and ATM transactions with this everyday transaction account.
Rates and fees
$ 0
Electronic transactions
$ 3 per transaction
Banker assisted transactions
$ 3 per cheque/item
Express Business Deposits (EBD) , Coin Deposit Machine (CDM), Express Cheque Deposits (ECD)
Features and benefits
For businesses making a large number of cash and cheque transactions.
Rates and fees
$ 0
Electronic transactions
$ 3 per transaction
Banker assisted transactions
$ 3
Express Business Deposits (EBD) , Coin Deposit Machine (CDM), Express Cheque Deposits (ECD)
Features and benefits
Business savings and term deposit accounts
An online savings account to help separate your operational cash from savings, wages, tax or BAS liabilities.
Rates and fees
$ 0
Monthly account fee
1.15 % p.a.
Interest rate
Benefits
Earn interest with a secure return when you invest your surplus funds in a term deposit with flexible term options.
Rates and fees
$ 0
Monthly account fee
$ 0
Application fee
Benefits
Other business banking options
To complete your business banking set up, here are a few other options to consider.
Loans and finance
Starting a business or looking to expand? Our range of business loans, overdrafts, equipment and trade finance options can help you achieve your goals.
NAB Easy Tap
Learn how the NAB Easy Tap app can turn your Android device into an EFTPOS reader.
Online business banking
Make your life easier with NAB's online business banking facilities. Find the product that suits your needs.
Help and support
Use our handy tips, tools and guides to help manage your business banking.
Get in touch
Contact us
Explore our business banking contact information and get support with a wide range of products, services and topics.
Visit a NAB branch
Our business bankers are located all around Australia.
Terms and Conditions
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Target Market Determinations for these products are available at nab.com.au/TMD.
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