Transactions and savings accounts.

Rates and fees relating to Defence Bank's range of transaction and savings accounts.

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/dishonour fee. 

Charged when:

  • 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.
 $10
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
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).

 

View product details.
iSaver. First six months interest rates.
Bonus fixed rate applies to your first new account opened, for six months, up to a balance of $250,000.00.† 3.50% p.a.
Base variable rate on all funds, for amounts over $250,000.01 and the rate after six months. 1.25% p.a.
Bonus fixed and base variable rate for six months up to $250,000.† 4.75% 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 amount.
Statement fees. Where you request monthly statements). $2
Cheque/dishonour fee. 

Charged when:

  • 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.
 $10
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
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
Ultimate Package fees (for Banking Package holders). Package fee. $380 per annum.

 

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).

 

View product details.
Max eSaver. Interest rates to apply.
Standard variable rate. At a minimum you will get this rate. The rate you get when you close your account. 0.10% p.a.
Bonus variable rate. Applies to those who make a deposit and no withdrawals during the month. 4.90% p.a.
Standard variable rate and bonus variable rate if you make a deposit each month and no withdrawals.* 5.00% 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 amount.
Statement fees. Where you request monthly statements). $2
Cheque/dishonour fee. 

Charged when:

  • 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.
 $10
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
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
Ultimate Package fees (for Banking Package holders). Package fee. $380 per annum.

 

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).

 

View product details.
Salute. First 12 months interest rates.
Fixed bonus rate applies to new accounts opened for 12 months, up to a balance of $100,000.00*. 1.50% p.a.
Base variable rate, amounts $100,000.01 and over, and the rate after 12 months. 4.00% p.a.
Bonus fixed and base variable rate for 12 months.* 5.50% 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 amount.
Statement fees. Where you request monthly statements). $2
Cheque/dishonour fee. 

Charged when:

  • 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.
 $10
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
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
Ultimate Package fees (for Banking Package holders). Package fee. $380 per annum.

 

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).

 

View product details.
Account. Interest rate.
Teen Saver. 4.75% 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 amount.
Statement fees. Where you request monthly statements. $2
Cheque/dishonour fee.

Charged when:

  • 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.
 $10
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
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 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).

 

View product details.
Interest rate. Annual rate.
Cadet Saver rate. 4.75% 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 amount.
Statement fees. Where you request monthly statements. $2
Cheque/dishonour fee.

Charged when:

  • 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.
 $10
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
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 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).

 

View product details.
Kids Club. Interest rate.
Kids Club. 4.75% 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 amount.
Statement fees. Where you request monthly statements. $2
Cheque/dishonour fee.

Charged when:

  • 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.
 $10
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
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 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).

 

View product details.
Pension Saver. Variable tiered interest rates.
Your first $50,200.00 earns interest at the lower interest rate regardless of account balance. 1.95% p.a.
When your balance is over the amount of $50,200.01, the balance of $50,200.01 or greater will earn a higher rate of interest. 2.65% p.a.

Interest is calculated daily on the closing balance and credited on the last of the month of Feb, May, August and November each year.

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 transaction fees.

Fees. Fee description. Fee amount.
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. $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. Where you request monthly statements. $2
Cheque/dishonour fee.

Charged when:

  • 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.
 $10
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
Bank@Post™. For each cheque deposited through the Bank@Post system and subsequently dishonoured. $14.47
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).

 

View product details.