NAB Gold Banking – $0 Foreign Transaction Fees

If you travel a lot, you prepare by getting the travel vacines you need and researching the ways to stay safe and healthy overseas. However, you can still be painfully stung when you travel if you don’t have the right transaction account. Even if you make or receive foreign currency transactions here at home, the charges for these transactions on some accounts can be a large percentage of the transaction if you are not using the right transaction account – that is why the NAB Gold Banking account has all foreign and at home transactions included for a set price, as well as all the features you need for your everyday banking at home, online or around the world.

Overview of the NAB Gold Banking account:

• A $10 monthly fee which includes unlimited everyday banking transactions and unlimited foreign currency transactions and the use of most overseas ATMs.
• $0 foreign transaction fees when you take money out of an overseas ATM
• The ability to avoid the fee with eligible monthly deposits
• The option to link to a Gold Visa debit card to give you exclusive gold card features, while you spend only your own money.
• The option to link to an overdraft facility which can act as a safety-net when you travel.
• The ability to link to a NAB high interest savings account which can help you save up for all that jet setting.

Benefits of Using the NAB Gold Banking Account

The Gold Banking account does have a slightly more expensive monthly fee than NAB’s other everyday transaction accounts, however if you are a frequent traveller overseas, or if you deal in foreign currencies at all, you will know that the costs of those transactions on an ordinary account will be a lot more than $10 a month – and don’t forget the Gold Banking account does allow eligible customers to waive their monthly fee anyway.

How you can benefit from the NAB Gold Banking account:

• You’ll pay just $10 a month for all your transactions and you can even use the account fee free. If you deposit $5,000 in a month, NAB will waive the monthly fee so you can do all of your phone and internet banking, make all of your purchases online or over the phone – all for free.
• The included transactions with the Gold Banking account include everything you’ll need. You have unlimited access to Australian NAB ATMs and to most overseas ATMs too, plus you won’t be charged by NAB to use another bank’s ATM so you can get cash out anywhere anytime without being penalised. You can also make unlimited EFTPOS and Visa debit transactions to make purchases in person or online and you don’t have to worry about transaction fees. Nor do you have to monitor the number of internet transfers you make because there is an unlimited number included.
• Branch access and cheque facilities are not extra either. You can make unlimited over the counter transactions at any NAB branch for no extra cost, plus you can have cheque facilities included on your Gold Banking account without being penalised if these are the banking methods you prefer.
• There are no foreign currency transaction fees, or conversion fees. Anyone who does banking outside of Australia knows that the fees can skyrocket and make the transaction almost worthless by the time it reaches its destination. However, if you receive international payments or send money to family overseas, or if you travel regularly for business and need to use your personal accounts then you could benefit from the foreign currency transaction inclusions of the NAB Gold Banking account.
• You’ll be able to make balance enquiries, deposits and withdrawals at selected Australia Post outlets. While most banking and communications can be done online, you will probably still find yourself in the post office from time to time, and with the Gold Banking account you can do your banking while you’re there.
• You can link to a high interest savings account. Your Gold Banking account is eligible to be linked to one of NAB’s high interest online savings accounts, either the iSaver or the Reward Saver. With these linked accounts you can make instant contributions to your savings and be earning more interest more easily.
• You’re not required to make a substantial initial deposit to get all of these features. Instead, just like NAB’s other transaction accounts, the Gold Banking account can be opened with an initial $1 deposit.

Go for Gold Without the Expense

A gold card is a typically expensive product with an exorbitant annual fee, high transaction costs, not to mention high interest and repayments on your high credit limit. However, the NAB Gold Banking account gives you all the benefits of a gold card, without the stress of a gold card-sized credit balance to pay off.

Gold benefits from NAB:

• With the Gold Banking account, a gold Visa debit card is included for free. You don’t have to complete a separate application or pay another monthly or annual fee, because you can have a linked Visa debit card attached to your Gold Banking account for free when you apply online, or you can upgrade online too in just a few minutes.
• You get the prestige of a gold card without the credit headaches. It is always nice to be able to offer your gold card for payment at a fancy restaurant so you can pretend for just a minute that you’re an important dignitary or international man of mystery. However, there is little mysterious about the credit limit, interest charges and monthly payments which come with a gold credit card, which is why a gold debit card is the perfect solution because you are spending your own money, but still reaping the golden rewards.
• Your Gold Banking rewards can take you around the world, or look after you at home. Included with the Gold Banking account is Gold overseas travel insurance when you buy your airfares with your Gold Visa debit card. You’ll also be protected by NAB’s Zero Liability policy which means if you report a fraudulent payment on your account, you won’t be held responsible – NAB will deal with everything else. If you do opt for a Gold Visa debit card you can also withdraw $2,000 a day from your account.
• You can add a personal overdraft to your Gold Banking account for security. If you are travelling a lot or if you simply want to make sure you never overdraw your account or miss a payment, you can attach a personal overdraft facility to your Gold Banking account. This means you don’t have to worry if you have insufficient funds in your account – you won’t be suddenly stranded overseas, and you won’t ruin your credit rating by defaulting on payments.

If you think the benefits and extra features of a NAB Gold Banking account would suit you, and be able to save you time and money in your everyday life, then it may be the right transaction account for you. To find out more or to apply online or over the phone, follow the Savings Account Finder™ secure links to the NAB website now.

T & C
http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/15/17/1