I was just reading about NAB Gold Banking and it really seems like the ultimate bank account. All sorts of transactions, other banks' ATMs, debit card, purchase protection insurance, etc. And as long as you deposit $5000 a month it's all absolutely free, as far I as I can see. If you have a net salary of $5000/month or more you'd be doing that automatically. What I'm still trying to figure out is: what's the catch? As I understand it, other banks would charge NAB a fee if I use their ATM with my NAB card. Overseas transactions would surely cost them even more. How can they afford to not recover these fees from me, the customer? What's in it for them if I basically don't pay them anything for this account, ever? How do they benefit from me depositing $5000 every month? It's not even a minimum balance, just a deposit. As they say, "in any business transaction look for the fool - if you can't see him, it's you!" OK, that might be an overly cynical way of putting it, but I completely agree that in any transaction you need to see how each party stands to benefit. Obviously NAB is doing this to make money somehow, but without seeing how I'm a bit wary of this "too good to be true" offer.