- Home
- Bank Accounts
- Australian Military Bank
- Military Rewards Account
Military Rewards Account
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Monthly fee
$0*
Maximum interest rate
0.01%
Military Rewards Account
- App banking
- Online banking
- Overseas ATM facilities
- Visa debit card
Monthly fee
$0*
Maximum interest rate
0.01%
Pros and Cons
For Military Rewards Account
Benefits
- Receive 1% cash back (capped at $25 per month) on all Visa payWave purchases under $100 (such as groceries, petrol, clothing, entertainment and transport) when you deposit $2,000 or more per month from an external source, into your Military Rewards Account.
- $0 account keeping fee
- Linked Visa debit card
- App banking available
- Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay available
- 0.01% interest applies
- Send money using PayID
Drawbacks
- Must deposit at least $2000 into your account each month
- $4.5 Overseas ATM Withdrawal Fee
- 2.95% fees apply for overseas transactions
Australian Military Bank Rate Bank Account overview
For Military Rewards Account
Account details
Minimum opening amount
$1
Min. age restrictions
18 years old
Minimum balance
Max. age restrictions
N/A
Interest calculation frequency
Daily
Interest payment frequency
Monthly
Features
Linked account
Send money using PayID
Joint application available
Free international account transfer
Foreign currency
Target Market Determination
Visit Australian Military Bank Ltd to view Target Market Determination.
Methods of access
Internet banking
ATM access
Phone banking
EFTPOS facility
Branch access
Cheque services
App
App only
Fee details
Monthly fee
$0*
Min. deposit for fee free
$2k
ATM & EFTPOS fees
ATM withdrawal fee
$0
Other bank ATM withdrawal fee
Daily ATM withdrawal limit
$1,000
EFTPOS fee
Overseas fees
Overseas ATM withdrawal fee
$4.5
Overseas eftpos fee
Foreign transaction fee
2.95%
Other transaction fees
Phone transaction fee
$0
Internet transaction fee
$0
Counter withdrawal fee
$0
Free counter transactions
Counter deposit fee
$0
