The relationship reward is a fee saving scheme for Australian Military Bank members. Essentially, the more you borrow and save with Australian Military Bank the fewer fees you will pay.
The total of your closing balance on the last day of the previous month of your combined accounts (loans, credit cards, investments and savings), is used to calculate a fee rebate that is credited to your account. This amount will either reduce or eliminate your everyday banking fees.
To find out more, visit our Fees and Charges Schedule.
Use our Relationship Reward Calculator to see how the Relationship Reward could work for you.
With the exception of Military Rewards Accounts, some of our Australian Military Bank accounts are eligible to receive the Relationship Reward if they meet the following conditions:
1. The account must attract fees for the following types of transactions:
2. The total average balances of the accounts and/or loans must be $5,000 or more for the month.
3. No accounts may be overdrawn in the month.
Use our Relationship Reward Calculator to see how the Relationship Reward could work for you.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
To calculate your Relationship Reward rebate, your everyday banking fees for the month are totalled. Fees eligible to be rebated include:
| EFTPOS (purchases and/or cash out) |
| BPAY (self-serve & periodical payment) |
| External transfers (self-serve & periodical payment) |
| Direct Debits |
You can earn Relationship Reward Rebates of up to $50 per month that can offset or eliminate your eligible fees. These allowances are listed below and are dependent on the combined balance of your savings and loan accounts.
| Combined balance of Loans & Deposits | Maximum Rebate per month |
| $5,000.00 to $19,999.99 | $5 |
| $20,000.00 to $49,999.99 | $10 |
| $50,000.00 to $99,999.99 | $20 |
| $100,000.00 to $199,999.99 | $35 |
| $200,000.00+ | $50 |
Use our Relationship Reward Calculator to see how the Relationship Reward could work for you.
Balances in joint accounts are considered towards the allowance for the primary account holder only.
An Australian Military Bank mortgage can entitle members to a potentially sizeable Relationship Reward rebate. However, only the primary account holder on a joint mortgage can receive the Relationship Reward rebate.