Everyday Accounts

Managing your money shouldn’t give you a headache. That’s why we’ve created a range of flexible and accessible bank accounts.

Military Rewards

Military Rewards Account

The perfect everyday spending companion, the Military Rewards Account features 1% cash back (with a $25 monthly cap) on Visa payWave purchases under $100, free Australian Military Bank ATM withdrawals and our cents gifting program.

1% cash back on

Visa payWave purchases ($25 cap per month)


ATM withdrawals

Support for the

Defence community


The Military Rewards Account is designed to reward you and the Defence community as you spend. It features:

  • 1% cash back on Visa payWave purchases under $100 when you deposit at least $2,000 each month^ (capped at $25 per month)
  • If you have an everyday account with us you have access to free Australian Military Bank ATMs
  • Cents gifting program to your choice of Defence charity
  • No annual fee on the Visa Debit Card
  • No monthly service fee
  • Add your Visa card to your preferred digital wallet from Apple Pay, Google Pay, Samsung Pay, and Garmin Pay^^
  • Access to fast and simple payments with PayID
  • Visa Debit Card access including your choice of card design

RSL Defence Care Legacy Mates 4 MatesSoldierOn

Apply for a Military Rewards Account online, over the phone on 
1300 13 23 28 or by visiting your nearest branch.

Rates & Fees

Here’s a summary of the rates and fees for the Military Rewards Account:

Interest Rates:

  • Interest rate: 0.01% p.a.
  • Interest is calculated daily and paid monthly

Everyday Banking Fees:

  • Australian Military Bank ATM transactions: Free

Additional fees may be payable. For more information please see our Schedule of Fees and Charges.

Download our Schedule of Fees and Charges


Here are the top 6 questions we get asked about our Military Rewards Account. Can’t see your question? Read the full set of FAQs here

When does the cash back amount appear in my account?
Cash back on Visa payWave transactions will be credited on a monthly basis and are paid in arrears. This means, you'll receive cash back at the beginning of the month (eg February) for any eligible transactions incurred during the previous calendar month (eg January).

What kinds of transactions are eligible for the 1% cash back*?  
You will receive 1% cash back* 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.

How does the cents gifting program work? 
Each month, Australian Military Bank will transfer your ‘spare change’ (i.e. the cents on your account balance up to 0.99c) to a Defence related charity selected by you. Australian Military Bank will then match, dollar-for-dollar, the money donated each month and contribute this directly to the specified charities. 

What charities can a member choose from?  
You can choose to donate their ‘spare change’ to one of the following organisations: 

  • Mates for Mates 
  • Legacy 
  • Soldier On 
  • RSL LifeCare 

Alternatively, you can donate your ‘spare change’ equally across all four worthy organisations 


*(effective 1 May 2017)

Monthly Service Fees
Visa Debit Card Access
Direct Debit and Credit Facility
Choose your debit card design
Cheque Facility
Interest Rate
Internet and Mobile Banking
Bank @ Post
Branch Banking
Interest Calculated
Interest Paid

Use the arrows to scroll through the many Australian Military Bank Everyday Accounts options  RESET


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