In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question
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Australian Military Bank Military Rewards Account

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Australian Military Bank Military Rewards Account

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Fee Free Deposit
$2,000
Account keeping fee
$4
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$4.5

Our verdict

Do you want an everyday bank account that rewards you as well as the Defence community?

This is one of only a few transaction accounts that offer cashback on purchases. You can earn 1% cashback on tap and go purchases under $100, up to the value of $25 a month.

To get this cashback perk you need to deposit $2,000 per month. When you deposit $2,000 a month you’ll also get the $4 account keeping fee waived.

The cashback offer is a cool perk, but make sure you don’t fall into the trap of spending just to get the cashback.

Pros

  • Linked Visa debit card
  • 24/7 access to funds through Internet Banking
  • 1% cash back if you deposits $2,000 p/m (conditions apply)

Cons

  • Only eligible for members

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question

The Australian Military Bank Military Rewards Account is an everyday account that gives you easy access to your money in different ways. If you meet a basic deposit criterion you don’t have to pay any account keeping fees. You stand to earn cash back when you use your Visa debit card to make payWave purchases. You, along with the bank, regularly contribute to a Defence related charity that you select.

Details

Key details

Product Name Australian Military Bank Military Rewards Account
Monthly account fee $4
Card access Visa
Own network ATM fee $0
International ATM Fee $4.50
International transaction fee 2.95%
Monthly deposit required to waive account fee $2,000
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Eligibility

Minimum Age 18
Joint account availability No
Minimum opening deposit N/A
Residency status Permanent Australian residents with an Australian address

Key features

Picture not described

You get 1% cash back on payWave purchases under $100

When you use your payWave enabled Visa debit card to make contactless payments of less than $100 you earn 1% cash back (capped at $25 per month), provided you deposit at least $2,000 in your account every month. The bank credits this cash back on a monthly basis.

Includes a linked Visa debit card

This account comes with a linked debit card that you can use at over 2.2 million locations worldwide, at ATMs and EFTPOS terminals alike. You can use your card to make unlimited withdrawals at rediATMs across Australia. You can also use your card details to make purchases and pay bills online and over the phone. This card does not attract any monthly or annual fees. You get to choose the card’s design.

Compare more products from the Australian Military Bank


How to apply

Opening the Military Rewards Account requires that you become a member of Australian Military Bank. You can apply for this account online. Visit the Australian Military Bank website if you wish to apply online.

Eligibility

Bear in mind you have to meet these eligibility criteria:

  • Minimum age. You are over 18 years old
  • Residency requirements. You are an Australian citizen or a permanent resident of Australia

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Alison Finder

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