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.
- Base rate
- 0.01%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Emergency replacement Visa card (within Australia)
Bank processing fee At cost plus $20 bank processing fee | Event | From $1.00 |
| Overseas ATM withdrawals | Withdrawal | $4.50 |
| Declined transactions (insufficient funds) ATM and EFTPOS within Australia | Transaction | $0.80 |
| Cash advance at other financial institution | Withdrawal | $4.50 |
| Overseas Visa card replacement
Bank processing fee At cost plus $20 bank processing fee | Event | From $1.00 |
| Foreign drafts | Transaction | $20.00 |
| Encashment of Foreign Cash Minimum encashment of AU$50 applies | Event | $10.00 |
| Large Deposit Book |
Features
- 1% cash back on Visa payWave purchases under $100 when you deposit at least $2,000 each month(excluding transfers from other RSL Money or Australian Military Bank accounts) (capped at $25 per month)
- Additional cards
- Digital wallet — Apple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay
- Card access — Visa Debit with no annual fee
- Digital banking
- PayID
- Real-time payments (NPP)
- Bill payment (BPAY)
Eligibility
- Minimum age — 18 years
- Residency status — Individuals must be citizens or permanent residents of Australia.
- Individuals only
More Information
Published by Australian Military Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID 0e430bc8-9f14-42f2-b27e-a2a85dc11cb2 · View on CDR.gov.au