The Finance Algorithm
AMB Bank Product logoAMB Bank Product

Pension Access Account

Our Pension Access Account is specifically designed for those aged 55 and over who are receiving a Government pension. You can easily manage your pension and the interest you receive on your savings

Savings & transaction accountsBank updated 15 Sept 2026
Apply at Australian Military Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
2.00%
VISA Debit - Civilian

Rates

The one rate AMB Bank Product publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---2.00%-paid every 1 mo

Fees

35 fees published, grouped by when they're charged.

While you hold it4

  • 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
  • Visa Debit card annual fee
    $30 a year

When you make a transaction19

  • Amendment/ cancellation of telegraphic transfer/swift transfers
    $35
  • BPAY - periodical payment (each time processed)

    Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information.

    $0.60
  • BPAY transaction (self-serve

    Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information.

    $0.60
  • Declined transactions (insufficient funds)

    ATM and EFTPOS within Australia

    $0.80
  • Direct debit dishonour - electronic
    $10
  • Direct Debit

    Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information.

    $0.50
  • EFT trace/recall of funds
    $25
  • EFTPOS transactions (when pressing Savings)

    ATM and EFTPOS within Australia. Fee may be eligible for Relationship Reward Rebate. Refer to Fees and Charges Schedule for more information.

    $0.70
  • External transfer (self-serve)

    Fee may be eligible for Relationship Reward Rebate. Refer to Fees and Charges Schedule for more information.

    $0.50
  • External transfer/BPAY (staff-assisted)
    $5
  • Foreign Currency Conversion fee
    3.00% of transaction
  • Foreign drafts
    $20
  • Periodical payment - insufficient funds rejection fee
    $5
  • Swift transfers

    Electronic funds transfer between Australian Military Bank and other financial institutions

    $25
  • Telegraphic transfers (AUD)
    $50
  • 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 happen12

  • Archive retrieval fee

    Per hour fee applies plus any expenses incurred

    From $50
  • Audit Certificate Fee

    Per audit certificate requested

    $50
  • Bank@Post cheque dishonour fee

    At cost

    From $1
  • Bank@Post cheque dishonour fee

    At cost

    From $1
  • Copies of statements (over 12 months) at branch
    $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
  • 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

Features

PayIDDigital bankingApple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay
  • Tiered interest rate

Eligibility and limits

  • Minimum age 55
  • Residency: Australian citizen or permanent resident

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.