---
title: "Recruit Salary Saver — Australian Military Bank"
description: "Transaction & Savings Accounts from Australian Military Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/australian-military-bank/products/a1a3eba2-34ff-45f2-b097-905a0f845834
source: "CDR Compare"
language: en-AU
last_updated: 2026-08-24T23:20:43.508993Z
---

# Recruit Salary Saver — Australian Military Bank

> Transaction & Savings Accounts from Australian Military Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts · AMB Bank Product **

We know that starting out financially can be a challenge. That’s why we’ve introduced our Recruit Salary Saver Account exclusively for new Defence Force Recruits. It’s a simple everyday transaction account that has a high interest rate to give new Recruits a financial head start in their careers.

## At a glance

- **Base rate:** 2%

## Apply

Applications are handled by the provider: [Apply at Australian Military Bank](https://ib.australianmilitarybank.com.au/AMBInternetBanking/?pd=STREC)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 2% | — | monthly |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Cash advance at other financial institution | Withdrawal | $4.50 |
| Foreign drafts | Transaction | $20.00 |
| Inactive fee for accounts inactive 12 months or greater — Charged monthly | Ongoing | $2.00 |
| Telegraphic transfers (online) | Transaction | $20.00 |
| Declined transactions (insufficient funds) — ATM and EFTPOS within Australia | Transaction | $0.80 |
| Periodical payment - insufficient funds rejection fee | Transaction | $5.00 |
| Telegraphic transfers (foreign currency) | Transaction | $30.00 |
| Direct debit dishonour - electronic | Transaction | $10.00 |
| Foreign Currency Conversion fee | Transaction | 3% of transaction |
| Telegraphic transfers (AUD) | Transaction | $50.00 |
| Foreign Cash — 1% of AUD value of amount purchased. Minimum order of AU$100 applies | Event | 1% of transaction |
| Dormancy fee for accounts inactive greater than 24 months — Charged monthly | Ongoing | $2.00 |
| Foreign Cheque encashment (>AU$5000) | Event | $50.00 |
| External transfer/BPAY (staff-assisted) | Transaction | $5.00 |
| Paper statement fee (per statement) — Charged monthly | Ongoing | $2.00 |
| Copies of statements (up to 12 months) at branch | Event | $2.50 |
| Swift transfers — Electronic funds transfer between Australian Military Bank and other financial institutions | Transaction | $25.00 |
| Declined Visa dispute — If a Visa dispute lodged by you is declined and found that the claim was invalid | Event | $30.00 |
| Foreign Cheque encashment (<AU$5000) | Event | $15.00 |
| EFT trace/recall of funds | Transaction | $25.00 |
| Copies of statements (up to 12 months) posted — Charged monthly · per page | Ongoing | $1.00 |
| Audit Certificate Fee — Per audit certificate requested | Event | $50.00 |
| Copies of statements (over 12 months) at branch or posted | Event | $5.00 |
| Overseas ATM withdrawals | Withdrawal | $4.50 |
| Archive retrieval fee — Per hour fee applies plus any expenses incurred | Enquiry | From $50.00 |
| Amendment/ cancellation of telegraphic transfer/swift transfers | Transaction | $35.00 |
| Encashment of Foreign Cash — Minimum encashment of AU$50 applies | Event | $10.00 |

## Features

- **Notifications** — Members can set up a variety of notifications in Internet Banking
- **Digital banking**
- **PayID**
- **Real-time payments (NPP)**
- **Bill payment (BPAY)** — BPAY
- **Card access** — Visa Debit with no annual fee
- **Additional cards**
- **Digital wallet** — Apple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay

## Eligibility

- **Minimum age** — 12 years
- **Maximum age** — 30 years

## More information from Australian Military Bank

- [Overview](https://www.australianmilitarybank.com.au/everyday-accounts/recruit-salary-saver)
- [Terms & conditions](https://www.australianmilitarybank.com.au/disclosuredocuments)
- [Eligibility](https://www.australianmilitarybank.com.au/disclosuredocuments)
- [Fees & pricing](https://www.australianmilitarybank.com.au/disclosuredocuments)

## Data provenance

- Published by Australian Military Bank under the Consumer Data Right
- Product ID: `a1a3eba2-34ff-45f2-b097-905a0f845834`
- Last updated by the provider: 24 August 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/australian-military-bank/a1a3eba2-34ff-45f2-b097-905a0f845834
- Provider page: https://www.cdrcompare.au/brands/australian-military-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000109

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/australian-military-bank/products/a1a3eba2-34ff-45f2-b097-905a0f845834) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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