Top Definition
Also known as NAB or the National.
The largest bank in Australia by Assets, and the 28th largest in the world.

Not as evil as the Commonwealth Bank.
AFAIK, NAB is used by lots of business people, and some consumers. Commonwealth, ANZ and Westpac (the other big banks) by consumers.
They usually give you a generous amount of interest compared to the other banks.

NAB also has a great security called 'SMS security' which sends you an SMS with a unique security code whenever a transaction over internet banking is made. Which is similar to HSBC's security token, but this one is using your mobile phone. So should some crook steal your username and password, they can't do anything more until they have your mobile phone.

NAB may not be known for it's customer excellence like Westpac, ANZ or AAMI. But it sure works well.
NAB is not a ripoff like Commonwealth Bank

Comparison
Bank = Telephone company
Commonwealth = Telstra
NAB (National Australia Bank) = Optus
ANZ = AAPT
Westpac = Primus
by squash_123 April 13, 2007

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