Military Kids Account
An everyday transaction account for kids designed to be used in tandem with our Online Saver. It’s the perfect way for your child to learn responsible spending habits in a safe way.
- Base rate
- 0.01%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | — | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| Telegraphic transfers (online) | Transaction | $20.00 |
| Retrieval of deposited cheque | Event | $45.00 |
| Direct debit dishonour - electronic | Transaction | $10.00 |
| Encashment of Foreign Cash Minimum encashment of AU$50 applies | Event | $10.00 |
| Audit Certificate Fee Per audit certificate requested | Event | $50.00 |
| Declined Visa dispute If a Visa dispute lodged by you is declined and found that the claim was invalid | Event | $30.00 |
| Telegraphic transfers (foreign currency) | Transaction | $30.00 |
| Declined transactions (insufficient funds) ATM and EFTPOS within Australia |
Features
- Digital banking
- Real-time payments (NPP)
- Notifications — Members can set up a variety of notifications in Internet Banking
- No monthly account keeping fees
- Bill payment (BPAY) — BPAY
- Card access — Free Visa Debit card available for kids 11 years and over
- PayID
Eligibility
- Maximum age — 18 years
- Individuals only
- Residency status — Individuals must be citizens or permanent residents of Australia.
More Information
Published by Australian Military Bank under the Consumer Data Right · Last updated 31 May 2026 · Product ID f541d5ed-51df-4c4d-8e8c-2d2e70f18e4e · View on CDR.gov.au