The Finance Algorithm
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Military Kids Account

An everyday transaction account for kids designed to be used in tandem with our Online Saver. It’s the perfect way for your child to learn responsible spending habits in a safe way.

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

At a glance

Base rate
0.01%
VISA Debit - Civilian

Rates

The one rate AMB Bank Product publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---0.01%-paid every 3 mo

Fees

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

While you hold it1

  • Dormancy fee for accounts inactive greater than 24 months
    $2 a month

When you make a transaction13

  • 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)
    $0.60
  • Foreign Currency Conversion fee
    3.00% of transaction
  • Foreign drafts
    $20
  • 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
  • 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
  • Retrieval of deposited cheque
    $45

Features

Instant paymentsPayIDDigital banking
  • No monthly account keeping fees

Eligibility and limits

  • Maximum age 18
  • Residency: Individuals must be citizens or permanent residents of Australia.
  • Available to individuals

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.