Pension Access Account
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
- Base rate
- 2%
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 |
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
Published by Australian Military Bank under the Consumer Data Right · Last updated 15 July 2026 · Product ID d397f2bc-69e8-4bbc-b5ec-b990ba568d9c · View on CDR.gov.au