When you deposit a minimum of $2,000* per calendar month (for example your salary) to your Military Rewards Account, you’ll have the $4.00 monthly service fee on your account waived.

*(effective 1 May 2017)

Cash back on Visa payWave transactions will be credited on a monthly basis and are paid in arrears. This means, you'll receive cash back at the beginning of the month (eg February) for any eligible transactions incurred during the previous calendar month (eg January).

*(effective 1 May 2017)

You will receive 1% cash back* on all Visa payWave purchases under $100 (such as groceries, petrol, clothing, entertainment and transport) when you deposit $2,000* or more per month from an external source, into your Military Rewards Account.

*(effective 1 May 2017)

Each month, Australian Military Bank will transfer your ‘spare change’ (i.e. the cents on your account balance up to 0.99c) to a Defence related charity selected by you. Australian Military Bank will then match, dollar-for-dollar, the money donated each month and contribute this directly to the specified charities. 

You can choose to donate your ‘spare change’ to one of the following organisations: 

• Mates for Mates 
• Legacy 
• Soldier On 
• DefenceCare 

Alternatively, you can donate your ‘spare change’ equally across all four worthy organisations