AMB Bank ProductMilitary Rewards Account
The perfect everyday spending companion, the Military Rewards Account features 1% cash back (with a $25 monthly cap) on Visa payWave purchases under $100, free Australian Military Bank ATM withdrawals and our cents gifting program.
At a glance
- Base rate
- 0.01%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 0.01% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 56th highest of 61, level with 5 others |
Rates
The one rate AMB Bank Product publishes for this account.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 0.01% | - | paid every 1 mo |
Fees
34 fees published, grouped by when they're charged.
While you hold it4
- Copies of statements (up to 12 months) posted
per page
$5 a month - Dormancy fee for accounts inactive greater than 24 months$2 a month
- Inactive fee for accounts inactive 12 months or greater$2 a month
- Paper statement fee (per statement)$2 a month
When you make a transaction14
- Amendment/ cancellation of telegraphic transfer/swift transfers$35
- Declined transactions (insufficient funds)
ATM and EFTPOS within Australia
$0.80 - Direct debit dishonour - electronic$10
- EFT trace/recall of funds$25
- External transfer/BPAY (staff-assisted)$5
- Foreign Currency Conversion fee3.00% of transaction
- Foreign drafts$20
- Stopped bank cheque$15
- Swift transfers
Electronic funds transfer between Australian Military Bank and other financial institutions
$25 - Telegraphic transfers (AUD)$35
- Telegraphic transfers (foreign currency)$30
- Telegraphic transfers (online)$20
- Cash advance at other financial institution$4.50
- Overseas ATM withdrawals$4.50
When particular things happen16
- Archive retrieval fee
Per hour fee applies plus any expenses incurred
From $50 - Audit Certificate Fee
Per audit certificate requested
$50 - Bank Cheque$5
- Bank@Post cheque dishonour fee
At cost
From $1 - Card transaction voucher retrieval$35
- Copies of statements (over 12 months) at branch or posted
per page
$5 - Copies of statements (up to 12 months) at branch$2.50
- Declined Visa dispute
If a Visa dispute lodged by you is declined and found that the claim was invalid
$30 - EFTPOS dispute fee
At cost
From $1 - Emergency replacement Visa card (within Australia) Bank processing fee
At cost plus $20 bank processing fee
From $1 - Encashment of Foreign Cash
Minimum encashment of AU$50 applies
$10 - Foreign Cash
1% of AUD value of amount purchased. Minimum order of AU$100 applies
1.00% of transaction - Foreign Cheque encashment (<AU$5000)$15
- Foreign Cheque encashment (>AU$5000)$50
- Large Deposit Book$6
- Overseas Visa card replacement Bank processing fee
At cost plus $20 bank processing fee
From $1
Features
- 1% cash back on Visa payWave purchases under $100 when you deposit at least $2,000 each month(excluding transfers from other RSL Money or Australian Military Bank accounts) (capped at $25 per month)
- Cents gifting program to selected Defence charities
Eligibility and limits
- Minimum age 18
- Residency: Individuals must be citizens or permanent residents of Australia.
- Available to individuals
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Published by Australian Military Bank under the Consumer Data Right, last changed by them on 15 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.