Man paying with smart watch.

Your on-the-go everyday transaction account.

Man paying with smart watch.

$0 monthly account keeping fees.

Award-winning app.

Bank anywhere, anytime.

Choice of Visa Debit card.

For whatever you need, for whatever’s ahead, our Everyday Access transaction account is the way forward to managing your day-to-day banking. With a long list of convenient options and benefits, Everyday Access is the future of banking, and it’s available to all Australians.

With zero local transfer fees, create your own digital wallet and access to our award-winning app and save-as-you-spend Round Ups, our Everyday Access account is ready.

Key features.

  • No monthly account-keeping fees.
  • No ATM withdrawal fees at most major banks.
  • Check what, where and how much you're spending with Spend Tracker.
  • Look Who's Charging.
  • Your choice of camo-coloured Visa Debit card.
  • Secure your Visa Debit card, activate, block and unblock your card online.
  • Immediate transfers between institutions.
  • Compatible with digital wallets from Apple, Fitbit, Garmin, Google and Samsung.

If this is your first account and you are just getting started, then our high-interest Kids Club account or Teen Saver might be for you. If you are over 55, our Pension Saver might be suitable.

Calculators.

Everyday Access rate. Interest rate.
Interest rate. 0.00% p.a.

This fees and charges schedule is an important document and provides you with information about the fees and charges for domestic and overseas transactions applicable to the accounts and facilities we offer.

We have two fees and charges schedules, one for domestic transactions and the other for international transactions. This fee schedule sets out our fees and charges for transactions that you make overseas or involve transferring funds into or sending funds out of Australia.

We encourage you to read both schedules. You can obtain copies for both of these fee schedules here, by visiting your local branch or calling 1800 033 139. This document should be read in conjunction with the Defence Bank Products and Services – Conditions of Use (DPS).

We also publish a brochure - ‘Tips on Reducing your Banking Fees with Defence Bank’, which can be obtained at the link, by visiting your local branch or calling 1800 033 139.

Domestic transactions.

Fees. Fee description. Fee charge.
Declined EFTPOS transactions (insufficient funds). The fee charged by us when you seek to make an EFTPOS transaction but your request is declined due to insufficient funds in your account. $1.50
Other Australian ATMs and balance enquires. Where you withdraw cash or make a balance enquiry. Free - at major banks; and $ATM direct charge.*
Declined transactions at an ATM. The fee charged when you seek to withdraw cash from an ATM but your request is declined due to insufficient funds in your account. $0.50
Ultimate Package fees (for Banking Package holders). Package fee - For Banking Package holders. $380 per annum.
Cash advance fee (Australia Post and other banks). Payable where you obtain a cash advance at an Australia Post office or a branch of another bank. $4.10
Statement fees.    
  Statements of accounts are issued 6 monthly or monthly where you have a line of credit or overdraft facility with us. $0
  Where you request monthly statements. $2
Cheque/direct debit honour /dishonour fee.  Charged when:
  • We decide to honour your personal cheque for payment where there are insufficient funds in your account or the credit limit will be/has been exceeded.
  • We dishonour payment of your personal cheque due to insufficient funds, payment stopped or the cheque is incorrectly completed (e.g. no signature).
  • We decline a direct debit request due to insufficient funds.
  • We decide to honour a direct debit request where there are insufficient funds in your account or the credit limit will be/has been exceeded.
 $25
Auto transfer/BPAY dishonour fee. Charged where there are insufficient funds in your account when the Auto Transfer or BPAY payment is due to be made. $10
Overdrawn/over limit fees. Charged:
  • Each time your account is overdrawn or your credit limit is exceeded without authorisation, by more than $50.00.
  • On each subsequent debit transaction while your account is overdrawn or your credit limit has been exceeded, by more than $50.00.
 $10
Dormant fee. This fee may be charged in certain circumstances when your membership is redeemed by us due to non-activity of more than 12 months. The maximum annual fee that applies is: $20
Cheque book fee.    
  25 cheques. $18.75
  50 cheques. $37.50
Bank@Post™. For each cheque deposited through the Bank@Post system and subsequently dishonoured. $14.47
Cash handling fee. Charged for handling notes and coins for business transactions.  
  Up to $500. $5
  Over $500. 2% of value of cash handled.
Record search fee. Charged where you request we search our records and retrieve documents. $50 per hour plus out of pocket expenses.
Same day domestic transfers (via Swift/RTGS). Charged when funds transferred domestically via Swift/RTGS (same day).  
  Outward bound. $11.80
  Inward bound. $6.80

 

Overseas transactions.

Fee name. Fee description. Fee amount.
Visa cash advances overseas (ATM and Bank transactions). The fee we charge when you obtain a cash advance using a Visa Card overseas. $4.10
Visa foreign currency conversion fee. The fee we charge when you make a payment or a deposit or obtain a cash advance overseas. 3% (percentage of transaction value).
Emergency card replacement. The fee we charge when you request that we replace your Visa card while you are overseas. $US175.00
Emergency cash - max $1,000 (your choice). The fee we charge when you request emergency cash while overseas other than through an ATM. The maximum amount of emergency cash available is $1000 (at our discretion). $US175.00
Mastercard prepaid management services. The fee we charge where you hold a Mastercard Cash Passport Platinum Travel Money Card and you transfer funds to that Card. 1% of the initial load/reload amount.
We have arranged for the following services to be provided to you by Western Union Business Solutions (WUBS). WUBS may charge an extra fee for the services, additional to the fee charged by us as specified below. Please refer to WUBS schedule of fees and charges for further details.
Foreign cash. The fee we charge when you request cash in a foreign currency. foreign currency.
1% of the $AUD equivalent of the amount requested.
Bank draft. The fee we charge when you request a bank draft denominated in foreign currency. $12.50
Outbound foreign currency international telegraphic transfer. The fee we charge when you request we make a foreign currency telegraphic transfer to an overseas destination.

$30 when requested at a branch.

$20 when requested via online banking or the mobile app.

(Debited to your account overnight).
Outbound AUD telegraphic transfer. The fee we charge when you request we make an AUD denominated telegraphic transfer to an overseas destination. $50.00 when requested at a branch.
Foreign currency cheque. The fee we charge when you deposit a cheque denominated in a foreign currency to your account.

$15.00 (less than AUD $25,000.

$65.00 (AUD $25,000 and above).
Foreign cash. The fee we charge when you deposit foreign cash to your account.

$7.00 (less than AUD $700 equivalent).

1% of the AUD equivalent (greater than AUD $700 equivalent).

 

*

 The ATM direct charge fee which is levied by the ATM Operator will be displayed on the ATM screen.

We may change our fees & charges and interest rates from time to time. For more details on our fees & charges, refer to the Fees and Charges (Domestic Transactions) & Fees and Charges Schedule (Overseas Transactions). For more details on interest rates, refer to the relevant Interest rate schedules. All schedules are located here.

All products except foreign currency facilities, insurance and superannuation are issued by Defence Bank. Before acquiring a product, Defence Bank recommends you read the Defence Bank Products and Services - Conditions of Use, the Summary of accounts and access facilities, The visa debit – conditions of use (where relevant). All documents are located here.

Any advice contained on this website is general advice only and does not take into account your needs, objectives or your financial situation.

Defence Bank’s Target Market Determination can be viewed here.

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Frequently asked questions.

Definitely. If you’re already a member and the account is only in your name, you can log into your online banking and open a new account under the ‘Apply’ section, or you can give us a call. If it’s a joint account, we can send you both the form to complete. If you’re not yet a member, you can join now and open accounts during the set up process.

Find out how to join Defence Bank.

 

Our Everyday Access account is free from account keeping, domestic transactional and transfer fees. Some fees that apply are if the account is used incorrectly, such as EFT decline fees and direct debit dishonours. There are also overseas fees, some ATMs and merchant fees. For a full overview, have a look at our domestic and overseas fees and charges schedules.

 

Even though we’ve traditionally focused on the Australian Defence Force, you don’t have to be a Defence Force employee or relative to take advantage of Defence Bank’s products and services – membership is open to all Australians.

See more savings FAQs.