Military Rewards Account

2024 Winner of the Mozo Exceptional Everyday Account

Rewarding you and the Defence Community

Our Military Rewards Account is the perfect everyday spending companion, featuring 1% cash back (with a $25 monthly cap) on Visa payWave purchases under $100, free Australian Military Bank ATM withdrawals and no account keep fees. Plus, our cents gifting program allows you to choose one of our four charity partners to donate your 'spare change' to each and every month. 

Great Features and Benefits

No account keeping fees~

No transaction fees (within Australia)#

Cash donations to Defence charities ^

Open online in 5 mins


1% Cashback

on VISA Paywave purchases under $100 when you deposit at least $2,000 each month* (capped at $25 per month)

Open your new account in minutes

New to AMB?Apply via our app

Download our app from the app store to apply online with ease.

Existing membersapply online

Log into your AMB account via the button below to apply online.

In personApply in-branch

Whether you're a new or existing member, come and see our friendly team in branch to apply.

Your Questions Answered

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).

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

You will receive 1% cash back* on transactions (such as groceries, petrol, clothing, entertainment and transport) under $100 when you tap with Visa payWave, up to a maximum of $25 per month. This will only apply when you deposit $2,000* or more per calendar month from an external source, into your Military Rewards Account.

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:

  • Mates for Mates
  • Legacy
  • Soldier On
  • RSL LifeCare

Alternatively, you can donate your 'spare change' equally across all four worthy organisations.

Terms and conditions

* Earn 1% cashback rebate for transactions under $100 when you tap with Visa payWave to pay, up to a maximum $25 per month. Applies when you deposit $2,000 or more per calendar month (excluding internal transfers). We may vary or withdraw this offer at any time.

~ Accounts that have not had any member-initiated transactions in 24 months, will be charged a $2 p.m. dormancy fee.

# International, staff-assisted and SWIFT transaction fees still apply as well as other non-transactional fees. Refer to our Fees and Charges Schedule for more details.

^ At the end of the month, we’ll transfer the cents from your account up to $0.99 and donate it to one of our four Defence charity partners. We’ll then match your donation each month. We may vary or withdraw this offer at any time.

The information provided is general in nature only and does not take into account your individual needs, objectives or financial situation. Before making a decision if this product is right for you, please read the Account and Access Facility Terms and Conditions, Fees and Charges Schedule, Target Market Determination (TMD) and Financial Services Guide (FSG). Australian Military Bank Ltd ABN 48 087 649 741 AFSL & Australian Credit Licence No. 237 988

2024 Winner of the Mozo Exceptional Everyday Account Award

© Australian Military Bank 2024

Australian Military Bank Ltd ABN 48 087 649 741
AFSL and Australian Credit Licence Number 237 988.