Australian Military Bank Ltd

Ratings

3.3

Overview

Australian Military Bank Ltd. has been operating as a bank since 1959 for Australian Defence personnel and their families. The Bank provides loans, superannuation, credit and debit cards, insurance, savings accounts, deposits, e-banking, insurance, and other associated services. The bank is purely dedicated for the financial needs for the defence personnels since 60 years.

  • Bank Type

    --

  • Founded

    1959

  • Headquarters

    Sydney, New South Wales

  • Industry

    Banking

  • Formerly/Predecessor

    --

  • Subsidiaries

    --

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Pros & Cons-Australian Military Bank Ltd

Pros

  • Strict lending policies.
  • Signup Fees.
  • Strict Age Restrictions.
  • Customer Support.

Cons

  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

Australian Military Bank Ltd

Australian Military Bank Ltd is a financial institution that provides banking services to the Australian Defence Force and their families. It has a rich history, established in 1959 as the Navy Health Fund, and is now one of Australia's largest member-owned banks. This article will provide an overview of the Australian Military Bank, its features and benefits, its services, the types of accounts available, its opening hours, contact details and customer service.

Features and Benefits of Australian Military Bank Ltd

One of the key features of the Australian Military Bank is that it is a member-owned institution. This means that the bank's profits are returned to its members through reduced fees and improved interest rates. Additionally, the Australian Military Bank offers a range of financial products and services designed to meet the specific needs of military members and their families.

Another key benefit of banking with the Australian Military Bank is that the institution supports the military community. The bank provides a range of financial support services, including free financial education resources, to help military community members manage their finances and achieve their financial goals.

Services Offered by Australian Military Bank Ltd

Australian Military Bank offers a range of financial products and services, including savings accounts, transaction accounts, personal loans, home loans, and credit cards. The bank also offers insurance products, including car, home and contents, and travel insurance.

In addition to these traditional banking services, Australian Military Bank also provides financial support services to its members. These services include financial education resources, debt management tools, and financial planning advice.

Types of Accounts in Australian Military Bank Ltd

Australian Military Bank offers a range of account types to suit the needs of its members. These account types include:

  • Everyday Access Account: This transaction account provides easy access to your funds via ATM, EFTPOS, and online banking.
  • High-Interest Savings Account: This savings account offers competitive interest rates to help you save more money.
  • Home Loan Offset Account: This savings account is linked to your home loan and helps reduce the interest you pay on your mortgage.
  • Term Deposit: This savings account offers a fixed interest rate over a set term.

Australian Military Bank Opening Hours

Hours
Monday 9:30 AM - 4 PM
Tuesday 9:30 AM - 4 PM
Wednesday 9:30 AM - 4 PM
Thursday 9:30 AM - 4 PM
Friday 9:30 AM - 5 PM
Saturday Closed
Sunday Closed

Australian Military Bank Contact Details

Location Address State City Phone Number Customer Care Number Head Office Address
Bankstown Branch Shop SP308 Bankstown SQ NSW Bankstown 1300 13 23 28 1800 359 100 Building 2, Martin Place, Sydney, NSW, Australia

Frequently Asked Questions

How good is Australian Military Bank Ltd?

Australian Military Bank Ltd is a well-regarded financial institution that provides a range of products and services to members of the Australian Defence Force and their families. The bank has a strong reputation for offering competitive interest rates, low fees, and excellent customer service.

Who is the owner of Australian Military Bank Ltd?

Australian Military Bank Ltd is a mutual bank, which means that it is owned by its members rather than by external shareholders. The bank was originally established in 1959 to serve the financial needs of members of the Australian Defence Force.

How much cash can I withdraw from the Australian Military Bank Ltd ATM?

The amount you can withdraw from an Australian Military Bank Ltd ATM depends on your account type and the ATM’s limit. Therefore, referring to your account terms and conditions would be best for more information about withdrawal limits.

What is the minimum balance for Australian Military Bank Ltd?

The minimum balance required for an account with Australian Military Bank Ltd varies depending on your account type. For example, some accounts require no minimum balance, while others may require a minimum balance of $1. You can find more information about minimum balances on the bank’s website or by contacting their customer service team.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

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