AMB Bank Product
Recruit Salary Saver
We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account exclusively for new Defence Force Recruits. It’s a simple everyday transaction account that has a high interest rate to give new Recruits a financial head start in their careers.
Savings & transaction accountsBank updated 15 Sept 2026
At a glance
- Base rate
- 2.00%
- Monthly fee
- $7
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 2.00% | — | paid every 1 mo |
§ 02 — Fees · 29
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Archive retrieval fee | Enquiry | $50 | — | Per hour fee applies plus any expenses incurred |
| Audit Certificate Fee | Event | $50 | — | Per audit certificate requested |
| Bank@Post cheque dishonour fee | Event | $1 | — | At cost |
| Copies of statements (over 12 months) at branch or posted | Event | $5 | — | — |
| 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 |
| 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 | — | — |
| Copies of statements (up to 12 months) posted | Periodic | $1 | 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 | — | — |
| Periodical payment - insufficient funds rejection fee | Transaction | $5 | — | — |
| Swift transfers | Transaction | $25 | — | Electronic funds transfer between Australian Military Bank and other financial institutions |
| Telegraphic transfers (AUD) | Transaction | $50 | — | — |
| 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
§ 04 — Eligibility & limits
- · Minimum age 12
- · Maximum age 30
§ 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.