The Finance Algorithm
RSL Money Prod

Sub Branch Account

Specifically designed for RSL Sub Branches, this flexible and easy to manage transaction account offers your Sub Branch a range of convenient banking options with no monthly account keeping fees.

Savings & transaction accountsBank updated 15 Sept 2026
At a glance
Base rate
2.10%
Monthly fee
$4
VISA Debit - Generic
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable2.10%paid every 1 yr
§ 02 — Fees · 25
FeeTypeAmountWhenNotes
Audit Certificate FeeEvent$50Per audit certificate requested
Bank@Post cheque dishonour feeEvent$1At cost
Buy Foreign CurrencyEvent1.00% of transaction1% of AUD value of amount purchased. Minimum order of AU$100 applies
Declined credit transactionsEvent$0.80
Declined EFTPOS transactionsEvent$0.80
Declined Visa disputeEvent$30If a Visa dispute lodged by you is declined and found that the claim was invalid
EFTPOS dispute feeEvent$1At cost
Foreign Cheque encashment (<AU$5000)Event$15
Foreign Cheque encashment (>AU$5000)Event$50
Foreign Currency EncashmentEvent$10Minimum encashment of AU$50 applies
Paper statements printed at branch or postedEvent$2.50 to $5$2.50 for printed and collect at branch or $5 if posted. No statement fee for RSL Money Sub Branch accounts
Retrieval of member documents from archivesEvent$50Per hour fee applies plus any expenses incurred
Staff assisted external transfer and BPAY transactionEvent$0.60
Visa Card replacement processing feeEvent$20At cost
Dormancy fee for accounts inactive greater than 24 monthsPeriodic$2Every 1 mo
Paper statement fee (per statement)Periodic$2Every 1 mo
Amendment/ cancellation of telegraphic transfer/swift transfersTransaction$35
Direct debit dishonourTransaction$10
EFT trace/recall of fundsTransaction$25
Foreign Currency Conversion feeTransaction3.00% of transaction
Foreign draftsTransaction$20
Swift transfersTransaction$25Electronic funds transfer between Australian Military Bank and other financial institutions
Telegraphic transfers (AUD)Transaction$20 to $50
Telegraphic transfers (online)Transaction$20
Overseas ATM withdrawalsWithdrawal$4.50
§ 03 — Features
PayIDDigital bankingUnlimited transactions
  • · No monthly account keeping fees
§ 04 — Eligibility & limits
  • · Residency: RSL Sub branch must be registered in Australia
  • · Available to businesses
  • · Account can only be opened by an RSL Sub Branch

Published by RSL Money 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.