Australian Military Bank
While it may not be a bank you’ve heard much about, Australian Military Bank is, in fact, Australia’s longest-serving Defence financial institution. Established in 1959, the bank has supported Australian Defence personnel and their families for over 60 years by offering a wide range of financial products, including loans, savings accounts, insurance, and credit cards.
With a dedication to serving the men and women who protect and serve our community, this member-owned bank operates for the benefit of its members—who also happen to be its shareholders. That’s why it can offer lower fees and more competitive interest rates than larger financial institutions. While it may be smaller in size, with just over 56,000 members, the bank still manages more than $1.45 billion in funds.
Like many member-owned banks, Australian Military Bank also takes pride in its community involvement. It actively engages in local communities through sponsorships and partnerships, including collaborations with The Returned & Services League of Australia and RSL Money.
Australian Military Bank Low Rate Visa Credit Card
0% p.a. for 12 months on balance transfers
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Australian Military Bank
Australian Military Bank: A Short History
The organisation was founded in 1959 as the Navy (Civil Staff) Co-op Ltd. One year later, it held its first Annual General Meeting with a total of 160 members and loans valued at £13,000. Over the years, membership steadily grew, expanding to include civilian employees of the Army and RAAF in New South Wales, and eventually all serving members of the Australian Navy.
In 1983, the organisation merged with the Army Defence (NSW) Credit Union and rebranded as the Australian Defence Credit Union (ADCU), continuing its growth. By 2014, it had surpassed $1 billion in funds under management. One year later, in 2015, membership exceeded 50,000, and a vote was passed to change its name to Australian Military Bank.
Australian Military Bank Products
While we focus on credit cards here at CreditCard.com.au, we understand it’s helpful to know more about what each provider offers before you apply. As Australian Military Bank is a fully-fledged bank, it provides a wide range of financial products and services alongside its credit card offering. Members can apply for home loans, personal loans, car loans, everyday accounts, savings accounts, insurance, and superannuation.
When it comes to credit cards, Australian Military Bank keeps things simple, currently offering just one card. As you’d expect from a member-owned bank, the card is designed to keep costs low, with a low ongoing interest rate and a low annual fee. Of course, being a Visa card, it also comes with all of Visa’s accessibility and security features—making it a great no-frills option for cardholders who simply want easy access to credit.
Australian Military Bank’s range has enjoyed plenty of recognition within the industry, earning awards on a range of its accounts and loan products. Happily, its credit card also seems to rate quite highly, winning the 2017 and 2016 'Experts Choice' for 'Balance Transfer Credit Card', and being awarded a 5-star Canstar rating for 2014, 2015 and 2016.
How to Join
Like many member-owned banks, you need to join Australian Military Bank if you want to apply for one of its products, such as its credit card. Fortunately, joining is simple. When you apply, you become a member of Australian Military Bank as part of the application process. Then, once your application has been submitted, a consultant will be in touch via email or phone to finalise your application.
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Erick Tom
7 July 2025Pauline
8 July 2025