The Bank for Recruits

Australian Military Bank has been serving the Defence community since 1959. We’ve developed accounts exclusively for new Defence Force Recruits. Our simple everyday transaction account, with tap and pay functionality gives new Recruits a financial head start in their careers.

We have branches on base at all major recruit intake centres, and your membership can stay with you no matter where your career takes you.

Recruit Salary Saver Account 

The Recruit Salary Saver Account is available to new Australian Defence Force Recruits within 4 months of their march-in date. It features:

A competitive interest rate of 1.05% p.a. to give recruits a financial head start in their careers

No monthly service fee when you deposit at least $1500 each month^

No annual fee on the Visa Debit Card

Free withdrawals around Australia at up to 7,000 participating ATMs.

Access to fast and simple payments with PayID^^

No minimum balance to get started

Add your Visa card to your preferred digital wallet from Apple Pay, Google Pay, Samsung Pay, Garmin Pay and Fitbit Pay^^

Visa Debit Card access including your choice of card design

or join by downloading our app
Interested in joining Australian Military Bank, but not quite ready to march in? 
Download an information pack 

"I joined Australian Military Bank because they support military personnel wherever we serve. This has proven true in many aspects, over the years they have provided me loans, insurance and most of all a personal touch from their wonderful staff that make you feel like a member and not a number."

Glenn, Vic - member since 1980


Please give our recruits specialists a call or send us an email below


HMAS Cerberus

Officer Cadets

Royal Military
College Duntroon




Air Force

RAAF Base Wagga

^The monthly service fee of $4.00 applies where the minimum deposit of $1,500 (Recruit Salary Saver) or $2,000 (Military Rewards Account) is not credited per month.

^^Read our Terms and Conditions for Digital Wallets, before making a decision and consider if it is right for you. Available for eligible cards.

Rates are current as at 1 December 2020 and are subject to change at Australian Military Bank’s discretion.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations.

To decide if this product is right for you, please carefully review our Terms and Conditions brochure and Fees and Charges Schedule.

The Target Market Determinations (TMD) for our products are available here



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