--- title: "Military Kids 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/f541d5ed-51df-4c4d-8e8c-2d2e70f18e4e source: "CDR Compare" language: en-AU last_updated: 2026-08-24T23:22:17.751067Z --- # Military Kids 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 ** 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. ## At a glance - **Base rate:** 0.01% ## Apply Applications are handled by the provider: [Apply at Australian Military Bank](https://www.australianmilitarybank.com.au/sites/default/files/pdf/AMB2025_FORM_Junior-Membership-Application.pdf) ## 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 | Transaction | $0.80 | | Amendment/ cancellation of telegraphic transfer/swift transfers | Transaction | $35.00 | | Copies of statements (over 12 months) at branch | Event | $5.00 | | EFT trace/recall of funds | Transaction | $25.00 | | Archive retrieval fee — Per hour fee applies plus any expenses incurred | Event | From $50.00 | | Dormancy fee for accounts inactive greater than 24 months — Charged monthly | Ongoing | $2.00 | | Copies of statements (up to 12 months) at branch | Event | $2.50 | | Cash advance at other financial institution | Withdrawal | $4.50 | | Foreign drafts | Transaction | $20.00 | | Foreign Currency Conversion fee | Transaction | 3% of transaction | | Foreign Cash — 1% of AUD value of amount purchased. Minimum order of AU$100 applies | Event | 1% of transaction | | Foreign Cheque encashment (>AU$5000) | Event | $50.00 | | Swift transfers — Electronic funds transfer between Australian Military Bank and other financial institutions | Transaction | $25.00 | | Overseas ATM withdrawals | Withdrawal | $4.50 | | Telegraphic transfers (AUD) | Transaction | $50.00 | | Foreign Cheque encashment (