NAB International Student Account: Benefits, Process

As an international student, one common problem you might face is managing your finances. Studying abroad is a once-in-a-lifetime experience and you should not ruin this valuable experience by worrying about transaction fees, currency conversation charges, etc and hamper your studies. A one-stop solution to this hindrance can be a NAB international student account. If you are currently planning to study in Australia, you should definitely consider checking out this whole blog as this can bring significant value to your study abroad experience, so continue reading!

About NAB International Student Account

National Australia Bank or NBA is one of the largest financial institutes and dominates the Australian banking sector. It has 700+ branches throughout the country and offers a wide range of services like bank accounts, insurance, credit cards and much more. NAB offers a “NAB Classic Banking account”, which is suitable for international students who want to have a local bank account in Australia. It has tons of lucrative offers and features specially tailored while keeping international students in mind. To know more about the benefits, scroll down and head over to the benefits section of the NAB international student account.

Benefits of NAB International Student Account

Here are some of the key benefits of having a NAB International Student Account, take a look at them below, students who successfully create a NAB International student account can enjoy these amazing benefits with no additional cost:

• This account has no monthly fees and ATM withdrawal fees at NAB ATMs and other partner ATMs.
• You can manage your daily or monthly expenses conveniently.
• You can easily pay your tuition fees, accommodation cost or other bills.
• By using this account you can avoid hefty international transaction fees and conversion fees 
• You can get easily paid in your host country if you plan on doing a part-time job

Also Read- Credit Card for International Students

Other Benefits 

Here are some other benefits which are NAB Debit card specific and it is also complementary to a NAB international student account:

• 0%  fee on international transactions
• 1% cash back on selected purchases
• Access to 24/7 NAB concierge
• You will also have insurance coverage and purchase protection

Eligibility Criteria

To open a NAB international student account, you need to meet the basic eligibility criteria. This involves various background checks and verifications, so kindly submit or carry all the updated documents we have mentioned below:

• Your minimum age should be 18 Years
• You must be an international student who is studying in Australia on a valid student visa
• You must hold an offer letter from any University in Australia
• You must have proof of your current residential address in Australia
• You should not have any existing NAB account, or be an NAB customer
• You must be enrolled in a full-time course 

Documents Required

Here are some of the important documents that you will need to provide while the application process, kindly note the same documents will be required both in the online and offline application process:

• Valid contact details
• Citizenship proof. Example- Voter ID Card or Aadhar Card
• Proof of an International Student like an offer letter
• Financial Documents
• An active bank account, for transferring funds (if required)
• A valid Passport
• Driving license as a supporting document (if required)

Also Read: Know Ever HSBC International Student Account.

Application Process for NAB Student Account

You can simply follow this guide if meet the above eligibility criteria and want to open a NAB student account:

• You can visit your nearest NAB branch, you currently reside in Australia or just head over to the official NAB website and fill out an online application form. You will need to provide your personal details, and important documents mentioned above. contact details, tax residency information and identification documents (such as passport or driver’s license).
• Once you submit your application, you will receive an email confirmation with your account details and instructions on how to activate your account.
• After you arrive in Australia, you need to visit any NAB branch within 60 days of opening your account and verify your identity with your original identification documents. You will also receive your Visa debit card by mail within 5 working days of verifying your identity.
• You can then start using your account and manage it through the NAB app or online banking portal.

Also Read- Chase International Student Account 

FAQs

This was everything related to NAB International Student Account. Reach out to Fly Finance for all finance-related concerns to simplify your study abroad experience with zero hindrances.