Military Rewards Account

The everyday account that gives more to members

1% Cash back* on Visa payWave transactions

Get 1% cash back (capped at $25 per month) on all Visa payWave purchases under $100. Scroll down to calculate how much money you could get back each month.

FREE rediATMs anywhere around Australia

With the Military Rewards Account you will have fee-free access to rediATMs anywhere across the country.

Giving back to the Defence Community

We’ll round the spare cents from your account balance at the end of each month, match the amount and donate them to your selection of Defence charity.

Introducing the Military Rewards Account

Proudly supporting

That's a monthly cash back of:


How to get cash back?

Just deposit $2,000 each month to be eligible for cash back rewards.*

^Cashback amount is based on the assumption that each purchase you make is under $100 and made using Visa payWave.

Convert to the Military Rewards Account and see real rewards

It's easy to convert your Everyday Account.

Let us help you make the change today.

Frequently Asked Questions

Here are the top 5 questions we get asked about our Military Rewards Account. Can’t see your question? Read the full set of FAQs here.

How can I have my monthly service fee waived?

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)

When does the cash back amount appear in my account?

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)

What kinds of transactions are eligible for the 1% cash back*?

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)

How does the cents gifting program work?

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. 

What charities can a member choose from?

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

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

*Deposit a minimum of $2,000 per month (excluding transfers from other Australian Military Bank accounts) to become eligible for the 1% cash back offer. The cash back offer applies on contactless Visa payWave purchases under $100. Consider the Terms and Conditions and schedule of Fees and Charges available on this website.
Australian Military Bank Ltd. ABN 48 087 649 741. AFSL and Australian credit licence number 237 988.

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