AMB 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
At a glance
- Base rate
- 2.00%
- Monthly fee
- $6
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 2.00% | — | paid every 1 mo |
§ 02 — Fees · 35
| 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@Post cheque dishonour fee | Event | $1 | — | At cost |
| Bank@Post cheque dishonour fee | Event | $1 | — | At cost |
| Copies of statements (over 12 months) at branch | 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 | — | — |
| 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 | — |
| Visa Debit card annual fee | Periodic | $30 | Every 1 yr | — |
| Amendment/ cancellation of telegraphic transfer/swift transfers | Transaction | $35 | — | — |
| BPAY - periodical payment (each time processed) | Transaction | $0.60 | — | Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information. |
| BPAY transaction (self-serve | Transaction | $0.60 | — | Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information. |
| Declined transactions (insufficient funds) | Transaction | $0.80 | — | ATM and EFTPOS within Australia |
| Direct debit dishonour - electronic | Transaction | $10 | — | — |
| Direct Debit | Transaction | $0.50 | — | Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information. |
| EFT trace/recall of funds | Transaction | $25 | — | — |
| EFTPOS transactions (when pressing Savings) | Transaction | $0.70 | — | ATM and EFTPOS within Australia. Fee may be eligible for Relationship Reward Rebate. Refer to Fees and Charges Schedule for more information. |
| External transfer (self-serve) | Transaction | $0.50 | — | Fee may be eligible for Relationship Reward Rebate. Refer to Fees and Charges Schedule for more information. |
| 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
PayIDDigital bankingApple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay
- · Tiered interest rate
§ 04 — Eligibility & limits
- · Minimum age 55
- · Residency: Australian citizen or permanent resident
§ 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.