Young boy in cadet gear.

Kids Club account.

1 .25 % p.a. Interest rate.
Young boy in cadet gear.

Great savings rate.

No account keeping fees.

Created for 0 to 11 year olds.

Helps create savings habit.

It’s never too early to help get them on their way. Whether for a newborn or to encourage those in primary school years to create a savings habit, the Defence Bank Kids Club account is the way to go for those aged 0-11 years.  No fees and a great interest rate? You can count on it.

Key features.

  • No account fees.
  • No fees for deposits or withdrawls using our award-winning app.
  • No Online Banking fees including external transfers and auto transfers.
  • No minimum deposit.
Kids Club. Interest rate. Comparison Rate
Kids Club. 1.25% p.a. n/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 via, 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 via, by visiting your local branch or calling 1800 033 139.

Domestic transactions.

Fees. Fee amount.
Statement fees (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.
Auto transfer/BPAY dishonour fee. $10
Overdrawn/over limit fees. $10
Dormant fee. $20
Same day domestic transfers (via Swift/RTGS).  
- Outward bound. $11.80
- Inward bound. $6.80


Overseas transactions.

Fee name. Fee description. Fee amount.
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).
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).



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

For children under 12 years of age. At 12 we will convert your account to a teen saver.

Interest is calculated daily on the closing balance and credited on 31 March each year.

We may change our fees & charges and interest rates from time to time.

All products except foreign currency and insurance are issued by Defence Bank. Defence Bank recommends you read the Defence Bank Products and Services - Conditions of Use for any product you choose to take. Any advice contained on this website is general advice only.

Next steps...

Discover our resources for creating a solid personal budget.
Get clear oversight on your finances with our useful savings calculator.
Any questions? Talk to one of our experienced, helpful staff.
Start now with our fuss-free online application process to get your savings going.

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.
Become a member.


Our Everyday Access account is free from account keeping, transactional, and transfer fees. The only fees that apply are if the account is used incorrectly, such as EFT decline fees and direct debit dishonours. For a full overview, have a look at our Fees and Charges Schedule.
View our fees and charges.


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.

You may also like...

Digital wallet.
Teen Saver.
Everyday Access account.
Cadet Saver.

Let's talk.

Got a question or feedback? Get in touch at any time.
Jump into a Live Chat session to address your queries.
Visit a branch and discuss your finances face-to-face.
Need to talk to someone right away? Call us now.