Recruit Salary Saver Account
We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account designed for new Defence Force Recruits and Cadets. It’s a simple everyday transaction account to give new Recruits a financial head start in their careers.
Designed
for Recruits and Cadets
Tap and Pay
with Digital Wallets
Zero
monthly or annual fee
Overview
The Recruit Salary Saver Account is available to those aged between 12 and 30. It features:
- 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
- No minimum balance to get started
- Visa Debit Card access including your choice of card design
Rates & Fees
Here’s a summary of the rates and fees for the Recruit Salary Saver Account:
Interest Rates:
- Interest rate: 1.05% p.a.
- Interest calculated daily and paid monthly
Monthly Fees:
- Monthly service fee: $0
Everyday Banking Fees:
- BPAY® transactions: Free
- Internet banking transactions: Free
- Mobile banking transactions: Free
- Australian Military Bank ATM transactions: Free
- EFTPOS transactions: Free
Additional fees may be payable. For more information please see our Fees and Charges Schedule.
Download our Fees and Charges Schedule
Questions
Here are the top questions we get asked about our Recruit Salary Saver Account. Can’t see your question? Call 1300 13 23 28.
Who is eligible to open a Recruit Salary Saver?
You can open a Recruit Salary Saver Account if you are aged between 12 and 30.
Can I earn interest on my balance?
Yes, you can earn a great interest rate on your account balance, which is calculated daily and paid into your account monthly.
Is there a minimum balance needed to open the account and keep it active?
No, there is no minimum balance required to open the account and keep it active.
Can I use tap and go on my Visa debit card?
Yes, your Visa debit card comes enabled with Visa payWave that enables you to perform tap and go transactions under $200.
