$50 for Opening an NAB Classic Banking account

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$50 for Opening an NAB Classic Banking account

c64 on 07/03/2011 - 14:30 files.ozbargain.com.au (3590 clicks)
Last edited 09/03/2011 - 14:54 by 1 other user

$50 bonus for opening an NAB Classic Banking account + iSaver account at an NAB retail kiosk and depositing $50 within the required time period. Note that an NAB retail kiosk is not an internet kiosk nor a regular NAB branch. See the comments for the previous NAB promotion for NAB retail kiosk locations http://www.ozbargain.com.au/node/35446.

The NAB Classic Banking account has no account keeping fees http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_…. The iSaver account has an introductory interest rate of +1.1% for the first 4 months (current standard interest rate = 4.75%, so introductory rate = 4.75 + 1.1 = 5.85%).

To open an account you will need 100 points of ID (eg driver's license 70pts + Medicare card 30pts). Supplying your TFN when you sign up will also save you the hassle of ringing up later.

The promotion card I obtained from the retail kiosk at Carindale has the following on it:

To receive a $50 bonus into your new NAB Classic Banking account, remember to deposit at least $50 by 15 April into your NAB iSaver or Classic Banking account.

^This offer begins on 7 March 2011 and ends on 7 April 2011. The deposit of $50 must be into the Classic Banking or iSaver account by 15 April to be eligible for the $50 bonus. Only one credit of $50 per customer. NAB Classic Banking accounts will be credited $50 by 28 April 2011. This offer is only available for those Classic Banking and iSaver accounts opened at Kiosks. Existing NAB Classic Banking customers cannot receive the $50 credit. Any advice in this document has been prepared without taking into account your objectives, financial situation or needs. Please consider the terms and conditions for this product, which are available from National Australia Bank Limited.

Edit: The location of some NAB retail kiosks according to the Westfield web site http://westfield.com/uscentres/ourstores/banks-finance-1852.…. There are also some kiosks listed on http://www.nab.com.au/wps/wcm/connect/nab/nab/home/About_Us/…. The list might not be accurate - use at your own risk. Make sure you sign up at a retail kiosk (they will be advertising the promo) and not a branch or internet kiosk.

QLD
Chermside http://westfield.com.au/chermside/find/detail/store?retailer…
Carindale http://westfield.com.au/carindale/find/detail/store?retailer…
Garden City Kiosk
Ipswich Kiosk Ipswich Riverlink
Toowoomba Kiosk Toowoomba Grand Central S/c
Sunshine Plaza

ACT
Belconnen?
Woden http://westfield.com.au/woden/find/detail/store?retailer=422…

VIC
Altona Gate
Chadstone Shopping Centre Kiosk
Chirnside Park
Forrest Hill Kiosk
Fountain Gate http://westfield.com/fountaingate/ourstores/details/42968.ht…
Knox
The Glen Kiosk
Highpoint City Kiosk
Southland Westfield Kiosk
Top Ryde

NSW
Bondi Junction http://westfield.com.au/bondijunction/find/detail/store?reta…
Carlingford Court Kiosk
Chatswood http://westfield.com.au/chatswood/find/detail/store?retailer…
Charlestown Square
Forestway
Doncaster 03 9840 2697 http://westfield.com.au/doncaster/find/detail/store?retailer…
Kotara 02 4957 2251 http://westfield.com/kotara/ourstores/details/42863.html
Liverpool
Miranda http://westfield.com/miranda/ourstores/details/36584.html
Mt Druitt
Parramatta 02 9387 6297 http://westfield.com/parramatta/ourstores/details/40803.html

SA
Marion http://westfield.com/marion/ourstores/details/36939.html
Tea Tree Plaza Kiosk
West Lakes http://westfield.com/westlakes/ourstores/details/41011.html

WA
Innaloo 08 9204 4732 http://westfield.com.au/innaloo/find/detail/store?retailer=3…
Carousel 08 9358 0178 http://westfield.com.au/carousel/find/detail/store?retailer=…
Whitford City http://westfield.com/whitfordcity/ourstores/details/41692.ht…

Mod: Changed URL to scanned card, as requested by OP. Original link posted was here:

http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_…

Financial Classic Banking Isaver

7 Apr 2011

Related Stores

National Australia Bank Group (NAB)

closed Comments

- jv on 07/03/2011 - 14:34
  
  +14
  
  for the CBA promotion
  
  Was the promotion the free cash at their ATM's ???
  - retiredfeline on 07/03/2011 - 14:36
    
    -1
    
    Well some dumb people thought it was "free cash", but they will be hunted down. :)
  - Cluster on 07/03/2011 - 15:10
    
    +3
    
    There was no free cash. CBA identified a software problem with their ATMs and had the choice of either shutting them all down or putting them into offline mode. In offline mode customers could withdraw more money than they had, but the transaction was still recorded and will appear as an overdraft if too much money was taken.
    - jv on 07/03/2011 - 15:11
      
      +19
      
      but the transaction was still recorded and will appear as an overdraft if too much money was taken.
      
      i hope they're not thinking about charging overdraft fees…
      
      it will take me a few days to sell my new yacht and aston martin on ebay…
    - retiredfeline on 07/03/2011 - 15:13
      
      Is that all? I thought you might have a shopping centre or a block of apartments to sell to satisfy the creditors. :)
    - retiredfeline on 07/03/2011 - 15:35
      
      I think the authentication system was working, what didn't work was the checking of the account balance.
- red-hot on 07/03/2011 - 14:40
  
  This was on last year, too.
jv on 07/03/2011 - 14:33

Time to break up with the other banks…
retiredfeline on 07/03/2011 - 14:37

Looks like a repeat of the campaign end of last year. There's a NAB kiosk in Chatswood Westfield if anybody is around there. Pity I can't get the bonus again. :)
nubzy on 07/03/2011 - 14:42

I already got this offer lasttime, can i get it again?
- jaam on 07/03/2011 - 16:31
  
  If it likes the last time, you can open another classic account. Since I did that and still able to receive promotion cash last time. Anyway, you can double checking with the staff at the kiosk.
jacklynhydejr on 07/03/2011 - 14:43

+3

So if I just closed my NAB account and switched to CB for the $100, wonder if I can now go back to NAB, plea insanity and re-open it to get the $50???
- - jacklynhydejr on 07/03/2011 - 14:49
    
    Will have to investigate and report back!
    - SummerMan on 08/03/2011 - 13:34
      
      I already closed NAB accounts.
      When can I reopen an account for $50?
tomsco on 07/03/2011 - 14:53

Hmmm, of course I just opened an account the other day… Must see if I can cancel it and try this.
- lusicul on 07/03/2011 - 15:40
  
  Thinking of doing the exact same thing. Can we close accounts over the phone?
  - SummerMan on 08/03/2011 - 13:35
    
    NO, NAB offers two options,
    a. go to any branch in person.
    b. send a letter to your home branch.
cloud226 on 07/03/2011 - 15:03

-1

this deal has been posted before

must a kiosk is a killer, couldnt (bother to) find any :)
- jv on 07/03/2011 - 15:07
  
  must a kiosk is a killer, couldnt (bother to) find any :)
  
  here they are…
  
  NAB Internet Banking kiosks are located within more than 300 NAB branches. Here's a list to help you find your nearest one:
  
  http://www.nab.com.au/wps/wcm/connect/nab/nab/home/About_Us/…
  - Tenebrae on 07/03/2011 - 15:14
    
    As noted in the OP, a "NAB retail kiosk" is not the same as a NAB branch or NAB internet banking kiosk. It is basically a stall set up in a shopping centre, like the ones that made American Express (in)famous.
  - zazlina on 07/03/2011 - 17:55
    
    im confuse. the link you give above, they said NAB at westfield eastgarden or bondi as NAB kiosk. but in the link http://westfield.com/uscentres/ourstores/banks-finance-1852.…, given by mattgal below, they said it is a NAB, not kiosk? or did i misunderstd anything?
  - bendertiger on 08/03/2011 - 11:34
    
    This only helps if you already have an account with NAB….
morpheu on 07/03/2011 - 15:13

+3

all this free cash! CBA, then ING and now NAB, takes me back, i feel like a spoilt little kid again getting birthdays cards stuffed with cash from grandma…. :)

ps time to close the new NAB account! besides, it's their fault, they put Ms on the account instead of Mr!
- - jv on 07/03/2011 - 15:18
    
    +4
    
    It was the "high-heels" that did it…
    - Jesmond on 07/03/2011 - 16:13
      
      -1
      
      I "guess" so.
    - POWERevolution on 07/03/2011 - 17:02
      
      LOL
    - Alzori on 10/03/2011 - 16:50
      
      @Jesmond
      Not this again >.< lol
morpheu on 07/03/2011 - 15:39

+1

nah!!

but maybe the push up bra was a little over the top………LOL!
- POWERevolution on 07/03/2011 - 17:18
  
  +1
  
  here's a pic of you that get caught in camera action :)
  - Purt on 08/03/2011 - 19:50
    
    +2
    
    that is a video
nubzy on 07/03/2011 - 15:50

+1

it was a pain in the butt to sign up for the account in the first place, took about 40 mins and they made me look at TC's etc. Then they called me a few weeks later asking how it was going etc..

bit annoying. So I don't think ill bother cancelling and reopening..
ltwo on 07/03/2011 - 16:06

are there any of these retail kiosks in perth?
- ballsofsteel on 07/03/2011 - 17:29
  
  I would like to know too :(
  
  Opening this NAB account for the CBA Deal :D free cashhh!
  - - ltwo on 07/03/2011 - 19:50
      
      perfect. carousel in cannington. will make my way there tomorrow.
- ballsofsteel on 07/03/2011 - 22:22
  
  Do reply If the kiosk is there :)
eswee on 07/03/2011 - 16:11

the only list I can find is for internet kiosks.
Anyone can provide a list with retail kiosks in QLD?
pmmehta22 on 07/03/2011 - 16:16

Anyone know the nearest retail kiosks to Martin Place, Sydney?
ttkc on 07/03/2011 - 16:20

Is there a NAB retail kiosk in the Sydney CBD?
applejack on 07/03/2011 - 16:21
So:

Sign up for a NAB Classic Banking account before the 7th of April (at a NAB Kiosk)

Deposit $50 before the 15th of April

Withdraw $100 after the 28th of April

Close the account

?PROFIT $50

OR does the fine print indicate a lot of BS between 4 and, eventually, 5 being realised?
- retiredfeline on 07/03/2011 - 16:23
  
  You have to decide if 1 and 4 are worth ($50 - interest foregone) of your time. Took them 20 minutes to sign me up.
  - alo1234 on 07/03/2011 - 16:39
    
    +3
    
    wow your wages of $150/hour is well worth it :)
    - Domingo on 07/03/2011 - 18:25
      
      +1
      
      If you don't already have a NAB account, you need to go into a branch and prove your identity. Which takes about 5 minutes, plus a 40 minute wait…
    - jesseboy89 on 07/03/2011 - 18:57
      
      +1
      
      I've never waited more than 5 minutes to be served in a NAB branch (ACT).
delfredo on 07/03/2011 - 17:22

I've already taken up this offer last year. Too bad I can't get it again. :(
Ashlea on 07/03/2011 - 17:45

Plenty Valley. Sweet. Will do this tomorrow.
- tomsco on 07/03/2011 - 18:22
  
  -1
  
  Bogan
  - ballsofsteel on 07/03/2011 - 18:29
    
    Wanted to up you but I missed :( sorry
  - lwinstan on 07/03/2011 - 19:09
    
    I loled
  - Ashlea on 07/03/2011 - 19:14
    
    Hahaha too true.
    
    … Wait. Bogans at Plenty Valley? I don't think I've seen a full blooded Aussie there in the however many years it's been open. Haha.
  - Ashlea on 07/03/2011 - 19:19
    
    +1
    
    Ah yep, see that now, thought the promo was for both.
    
    Screw that, not driving to Doncaster for $50.
    - tomsco on 07/03/2011 - 22:14
      
      +2
      
      True, more than likely your $50 will be stolen out in Doncaster. Hoo hoo
    - Ashlea on 08/03/2011 - 02:51
      
      Badum tsh!
Domingo on 07/03/2011 - 18:25

Grr opened one at a branch today.
Mat_Lab on 07/03/2011 - 19:08

G'day all

The Link to where NAB Bank Kiosk's are located
http://www.nab.com.au/wps/wcm/connect/nab/nab/home/About_Us/…

Awesome, a bank giving away money, at last!
1968 on 07/03/2011 - 19:49

any kiosks in VIC city area or East side?
why are retail kiosks different to branches anyway?
- - Ashlea on 08/03/2011 - 02:51
    
    ugh salesforce. i'm anti this deal now.
ltwo on 07/03/2011 - 19:58

how will they give you your money? a debit in your account?
Montaigne83 on 07/03/2011 - 20:25

when u say not available to existing NAB customers, would that include Ubank customers or not?
hollycow on 07/03/2011 - 20:27

is it valid to existing customers as well?
[Deactivated] on 07/03/2011 - 20:37

-1

Haven't got the time to do this…
Not really a bargain. Unless you time is worth $10 an hour or so…
- ltwo on 07/03/2011 - 23:09
  
  +1
  
  it doesn't take 5 hours to do this though.
firedragon on 07/03/2011 - 20:59

It's nice they're offering this promo again. I did it last time though, so yeah.
enterprise on 07/03/2011 - 21:15

Some more VIC locations:

Forest Hill Chase
Chadstone
The Glen
Southland
Chirnside Park
Altona Gate

Took about 10-15 minutes at Forest Hill and The Glen when some friends and I went. Only annoying bit is reading thru the privacy stuff. Otherwise painless.
- jamessyc on 08/03/2011 - 12:15
  
  Where abouts inside The Glen was the kiosk?
JakDac on 07/03/2011 - 21:53

Did it last time can we open 2 accounts ?
- Crownanchor on 07/03/2011 - 22:45
  
  +1
  
  According to the T&M, no, Classic account holders are not eligible, and there are a lot more and clearer T&M this time, although its unclear the reference to the isaver account. If we have a classic account, can we open an isaver account and qualify for the $50?
Macgyver on 07/03/2011 - 23:07

I want to buy something on line using Paypal.

So all I need to do is make a NAB account and deposit $50 and I will get $100?
Nice…What I wanted to buy is $50…
So I wont be losing MONEY!

Is there any fees or anything else I need to watch out for?
- enterprise on 07/03/2011 - 23:11
  
  +2
  
  They are both fee free accounts. No min balance as far as i know.
  - Macgyver on 08/03/2011 - 17:30
    
    Thanks.
Coney on 07/03/2011 - 23:36

Is the NAB kiosk at Burwood Westfields still there??
shane23 on 08/03/2011 - 00:16

What's the CBA offer after I open the NAB Account I cancel it and commonwealth bank gives me $100 for bringing my business ??
grizz_li on 08/03/2011 - 12:09

Going to open an account today.
richard4aus on 08/03/2011 - 13:14

+2

I just call the NAB Kiosk.Basically if you already apply for class Banking and iSaver account before. You will not be able to receive $50 cash back. Even you cancel and apply for new one still doesn't work. You profit will be in NAB System. It only works for those who never have an account with NAB and apply in the stupid NAB kiosk.

I apply on 05/03 which just miss out the starting time for this deal.

F (here delete 2 words) k
- Crownanchor on 08/03/2011 - 13:29
  
  +1
  
  What about if you just have a classic banking account and apply for isaver? Would probably work if you had an isaver and apply for a classic account.
  - richard4aus on 08/03/2011 - 14:18
    
    +1
    
    NO,only if you apply through NAB Kiosk after 07/03 for set up classic banking and isaver account together If you have a classic account and apply for isaver doesn't work.
    
    Master plan for someone have got ANY NAB ACCOUNT BEFORE. Apply for new NAB Classic and Isaver account at NAB Kiosk, deposit at least $50 by 15 April into your NAB iSaver or Classic Banking account, then wait until 28 April 2011 when NAB will credit $50 to your Classic Banking accounts.
    
    On the next day, which is 29 April 2011, change to CBA claim $100 for switch from NAB TO CBA.
    
    Profit:$150 Duration: 52 days.
SummerMan on 08/03/2011 - 13:39

Yesterday, ACT location in this thread was Woden, but today it is now Belconnen?

Anything wrong? mattgal, could you please clarify?
- - SummerMan on 08/03/2011 - 16:59
    
    Thanks, but how do you know that Belconnen've got a kiosk?
  - bubble68 on 10/03/2011 - 17:27
    
    Theres one in Woden and one in Belconnen
- d1ckinab0x on 08/03/2011 - 17:34
  
  +1
  
  can't confirm but I don't think I have seen one in belco
nookular on 08/03/2011 - 14:14

Do I need to open both a NAB Classic AND isaver accounts to get this offer? Or can I just sign up to NAB Classic account only….
- rmk on 08/04/2011 - 11:12
  
  I had to open both both and the flyer thingy that I got said both (you can't have a saver without the classic though)
dkslim on 08/03/2011 - 15:52

+2

How sure are you that those who have applied for a NAB Classic account before can't get the $50?
Is it worth trying, in case they overlook this?
Pretty annoyed that they are punishing people who had a NAB account before.
- SummerMan on 08/03/2011 - 15:59
  
  To increase a chance of getting the bonus, close existing account first.
  - SummerMan on 08/03/2011 - 17:02
    
    Existing NAB Classic Banking customers cannot receive the $50 credit.
    
    When all your accounts are closed, you are not existing customer any more. Are u?
theguyrules on 08/03/2011 - 17:22

+1

FYI guys I stopped in at Garden City and they have a kiosk there and the nice lady there opened an account for me in less than 15 minutes!
Hooray for $50.
- FOX on 09/03/2011 - 01:12
  
  nice~ thx for the info
1968 on 08/03/2011 - 17:38

can you apply over the phone then send in any required documents?
- SummerMan on 08/03/2011 - 17:43
  
  nope. Read T's and C's. NAB wants to promote the use of its kiosk.
pspman on 08/03/2011 - 19:22

Do you have to have a Tax File Number to apply for this?
- SummerMan on 08/03/2011 - 19:24
  
  nope. Very interesting point. If TFN is not supplied, Bonus should be taxed at 46.5% (incl. medicare) + flood levy (if applicable)
  - tomsco on 08/03/2011 - 20:09
    
    Is the bonus actually taxable?
    - FOX on 09/03/2011 - 01:07
      
      +1
      
      this is a very interesting question~ i would like to know as well… any tax expert around?
    - tomsco on 09/03/2011 - 17:47
      
      OK, just wondering as AFAIK, things like lottery winnings aren't considered as taxable income, so I figured as this was a prize of sort it may not be counted.
jpol13 on 08/03/2011 - 20:36

+5

My husband and I opened up an account each today, took about 15 minutes. The NAB guy at the kiosk asked me how I had heard about the promotion as it had only started yesterday, and I said a "friend". A few mins later while I was watching him type our info in for the new accounts I noticed Google open and search results for "OzBargain" LMAO.
Macgyver on 08/03/2011 - 22:37

Why cant I find this $50 dollar thing on the Nab website?
hollycow on 08/03/2011 - 23:06

anybody can confirm if existing customers can close and open and get the $50? can we just close the classic banking acc and leave the isaver account opened as i'm earning 6.5 or 6.25%?..i forget, interest currently which they are now giving 5.85% only.
bargainfreebiewhore on 08/03/2011 - 23:42

Is it all pretty straight-forward? Anyone get grilled with questions?
- - Ashlea on 09/03/2011 - 00:22
    
    -1
    
    Is pink an option?
    - parcus on 10/03/2011 - 02:01
      
      Pink and black are the only colour options now.
      
      edit: oops, just realised it's below me already :/
- Lenneth on 13/03/2011 - 00:05
  
  They didnt even ask us this question. I guess they knew we were only interested in the promo and not the account itself. :D

This was posted 14 years 4 months 23 days ago, and might be an out-dated deal.

$50 for Opening an NAB Classic Banking account

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