--- title: "Pension Access Account — 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/d397f2bc-69e8-4bbc-b5ec-b990ba568d9c source: "CDR Compare" language: en-AU last_updated: 2026-08-24T23:18:57.56153Z --- # Pension Access Account — 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 ** Our Pension Access Account is specifically designed for those aged 55 and over who are receiving a Government pension. You can easily manage your pension and the interest you receive on your savings ## 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=STPEN) ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Variable | 2% | — | monthly | ## Fees | Fee | Type | Amount | | --- | --- | --- | | Amendment/ cancellation of telegraphic transfer/swift transfers | Transaction | $35.00 | | Telegraphic transfers (online) | Transaction | $20.00 | | Declined transactions (insufficient funds) — ATM and EFTPOS within Australia | Transaction | $0.80 | | BPAY - periodical payment (each time processed) — Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information. | Transaction | $0.60 | | Periodical payment - insufficient funds rejection fee | Transaction | $5.00 | | Foreign Currency Conversion fee | Transaction | 3% of transaction | | Foreign drafts | Transaction | $20.00 | | Foreign Cheque encashment (AU$5000) | Event | $50.00 | | Telegraphic transfers (AUD) | Transaction | $50.00 | | Inactive fee for accounts inactive 12 months or greater — Charged monthly | Ongoing | $2.00 | | Swift transfers — Electronic funds transfer between Australian Military Bank and other financial institutions | Transaction | $25.00 | | Dormancy fee for accounts inactive greater than 24 months — Charged monthly | Ongoing | $2.00 | | Paper statement fee (per statement) — Charged monthly | Ongoing | $2.00 | | Visa Debit card annual fee — Charged yearly | Ongoing | $30.00 | | EFT trace/recall of funds | Transaction | $25.00 | | EFTPOS transactions (when pressing Savings) — ATM and EFTPOS within Australia. Fee may be eligible for Relationship Reward Rebate. Refer to Fees and Charges Schedule for more information. | Transaction | $0.70 | | Telegraphic transfers (foreign currency) | Transaction | $30.00 | | BPAY transaction (self-serve — Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information. | Transaction | $0.60 | | Overseas ATM withdrawals | Withdrawal | $4.50 | | External transfer/BPAY (staff-assisted) | Transaction | $5.00 | | External transfer (self-serve) — Fee may be eligible for Relationship Reward Rebate. Refer to Fees and Charges Schedule for more information. | Transaction | $0.50 | | Direct debit dishonour - electronic | Transaction | $10.00 | | Foreign Cash — 1% of AUD value of amount purchased. Minimum order of AU$100 applies | Event | 1% of transaction | | Direct Debit — Fee may be eligible for Relationship Reward Rebate. Please refer to Fees and Charges Schedule for more information. | Transaction | $0.50 | ## Features - **Notifications** — Members can set up a variety of notifications in Internet Banking - **Card access** — Visa Debit - **Digital banking** - **Bill payment (BPAY)** — BPAY - **Tiered interest rate** - **Digital wallet** — Apple Pay, Google Pay, Samsung Pay. Garmin Pay, Fitbit Pay - **PayID** ## Eligibility - **Residency status** — Australian citizen or permanent resident - **Pension recipients** - **Minimum age** — 55 years ## More information from Australian Military Bank - [Overview](https://www.australianmilitarybank.com.au/everyday-accounts/pension-access-account) - [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: `d397f2bc-69e8-4bbc-b5ec-b990ba568d9c` - Last updated by the provider: 24 August 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/australian-military-bank/d397f2bc-69e8-4bbc-b5ec-b990ba568d9c - 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/d397f2bc-69e8-4bbc-b5ec-b990ba568d9c) — product data published by Australian data holders under the Consumer Data Right. 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