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Open your bank account in under two minutes!

29 July 2019

Open your bank account in under two minutes!

Prospective Australian Military Bank members can now open an account with the Bank in under two minutes following recent updates to our mobile application.

Those new to Australian Military Bank would need to simply download the Australian Military Bank mobile app from the AppStore or PlayStore and select ‘Join’ to get the ball rolling. For applicable accounts, prospective members can also order a VISA Debit Card.

Innovations such as this allow members of the Defence Community, who may be stationed across the country, to join and commence banking wherever they may be; 24/7.

Australian Military Bank CEO, John Ford, said “the ability of existing and prospective members to open accounts online real time is a critical part of our digital first strategy. We appreciate people want the convenience of being able to easily open accounts online at a time of their choosing. Our new mobile app on boarding service makes this possible in under two minutes and performs all the necessary identity checks real time.”

This latest advance comes immediately after the Bank went live in July with Comprehensive Credit Reporting (CCR). Ford said “the Bank’s ability to perform responsible lending is enhanced with the introduction of CCR for all credit products. Our technology investments over the last 18 months are delivering important benefits and today Australian Military Bank (powered by Finacle) is one of the most advanced niche banks in Australia.”

To open an account and become a member, we ask for information like full name, home address and basic contact details. Once we’ve verified a prospective members’ ID*, they can create a passcode to immediately begin banking online.

Existing members can open Everyday, Savings and Term Deposit accounts directly through online banking (Term Deposits account opening not available via the mobile app).

*Have either an Australian driver’s licence, Medicare card or Passport handy.

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