AMB Bank Product
Military 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.
Savings & transaction accountsBank updated 15 Sept 2026
At a glance
- Base rate
- 0.01%
- Monthly fee
- $11
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 0.01% | — | paid every 1 mo |
§ 02 — Fees · 34
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Archive retrieval fee | Event | $50 | — | Per hour fee applies plus any expenses incurred |
| Audit Certificate Fee | Event | $50 | — | Per audit certificate requested |
| Bank Cheque | Event | $5 | — | — |
| Bank@Post cheque dishonour fee | Event | $1 | — | At cost |
| Card transaction voucher retrieval | Event | $35 | — | — |
| Copies of statements (over 12 months) at branch or posted | Event | $5 | — | per page |
| Copies of statements (up to 12 months) at branch | Event | $2.50 | — | — |
| Declined Visa dispute | Event | $30 | — | If a Visa dispute lodged by you is declined and found that the claim was invalid |
| EFTPOS dispute fee | Event | $1 | — | At cost |
| Emergency replacement Visa card (within Australia) Bank processing fee | Event | $1 | — | At cost plus $20 bank processing fee |
| Encashment of Foreign Cash | Event | $10 | — | Minimum encashment of AU$50 applies |
| Foreign Cash | Event | 1.00% of transaction | — | 1% of AUD value of amount purchased. Minimum order of AU$100 applies |
| Foreign Cheque encashment (<AU$5000) | Event | $15 | — | — |
| Foreign Cheque encashment (>AU$5000) | Event | $50 | — | — |
| Large Deposit Book | Event | $6 | — | — |
| Overseas Visa card replacement Bank processing fee | Event | $1 | — | At cost plus $20 bank processing fee |
| Copies of statements (up to 12 months) posted | Periodic | $5 | Every 1 mo | per page |
| Dormancy fee for accounts inactive greater than 24 months | Periodic | $2 | Every 1 mo | — |
| Inactive fee for accounts inactive 12 months or greater | Periodic | $2 | Every 1 mo | — |
| Paper statement fee (per statement) | Periodic | $2 | Every 1 mo | — |
| Amendment/ cancellation of telegraphic transfer/swift transfers | Transaction | $35 | — | — |
| Declined transactions (insufficient funds) | Transaction | $0.80 | — | ATM and EFTPOS within Australia |
| Direct debit dishonour - electronic | Transaction | $10 | — | — |
| EFT trace/recall of funds | Transaction | $25 | — | — |
| External transfer/BPAY (staff-assisted) | Transaction | $5 | — | — |
| Foreign Currency Conversion fee | Transaction | 3.00% of transaction | — | — |
| Foreign drafts | Transaction | $20 | — | — |
| Stopped bank cheque | Transaction | $15 | — | — |
| Swift transfers | Transaction | $25 | — | Electronic funds transfer between Australian Military Bank and other financial institutions |
| Telegraphic transfers (AUD) | Transaction | $35 | — | — |
| Telegraphic transfers (foreign currency) | Transaction | $30 | — | — |
| Telegraphic transfers (online) | Transaction | $20 | — | — |
| Cash advance at other financial institution | Withdrawal | $4.50 | — | — |
| Overseas ATM withdrawals | Withdrawal | $4.50 | — | — |
§ 03 — Features
Instant paymentsPayIDDigital bankingApple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay
- · 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
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Individuals must be citizens or permanent residents of Australia.
- · Available to individuals
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
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.