Our Story

Our Story

Who is RSL Money

RSL Money is a joint initiative between the Returned & Services League of Australia (RSL) and Australian Military Bank. It is Australia’s only range of banking products that help support the sustained growth of the RSL movement. We have partnered together to provide a range of low cost, high value banking products that can make a real difference to the RSL and greater Defence community.

Celebrating 10 years of RSL Money

2024 sees RSL Money celebrate its 10th Anniversary. Over the last decade RSL Money has proudly developed a range of unique banking products to benefit members and the RSL community, whilst forging strong partnerships with RSL Sub Branches across the country.

Joining RSL Money

RSL Money is open to all RSL Sub-Branch members and their partners. You simply need to let us know your Sub-Branch name upon application.

Becoming a member of RSL Money

Applying to join RSL Money is easy. You can open an RSL Money Membership online, by calling 1300 000 775, or in person with our RSL Partnership Manager, Ann Roach.

A range of products to suit you

RSL Money currently offers three core products: 

In addition to this, RSL Money members are also automatically entitled to higher interest rates on Australian Military Bank term deposits.

Great value for our members

All RSL Money products are designed to offer excellent value to our members. For example, the Low Rate Visa Credit Card has one of the lowest purchase rates available*, along with a breakthrough 0.00% 12 month balance transfer rate. Furthermore the Pension Account and Sub-Branch Account reward members with no account keeping or everyday banking fees.

The products have been developed from a wide range of products offered by Australian Military Bank, who have a reputation for delivering high value, low cost products to their members. The Australian Military Bank product range has been evaluated by independent review agency, Canstar Cannex, and awarded three prestigious 5-star awards for their products.

Backed by Australian Military Bank

RSL Money is operated by Australian Military Bank. Australian Military Bank has been providing banking services since 1959, has over 47,000 members and funds under management are over $1 Billion. Supporting Defence communities is at the heart of what they do.

Australian Military Bank is an Authorised Deposit Taking Institution and operates in accordance with the Banking Act (1959). Australian Military Bank is supervised by the Australian Prudential Regulatory Authority (APRA) and exceeds all the prudential ratios required of it by APRA.

Australian Military Bank’s Board of Directors is comprised of fit and proper persons including current and former Australian Defence Force personnel. 

Becoming a member of RSL Money

As mentioned above, RSL Money is operated by Australian Military Bank. Australian Military Bank is a mutual Authorised Deposit Taking Institution operating for the benefit of its members. When you apply for a product with RSL Money, you will automatically become a member of Australian Military Bank, at no cost to you.

When you apply for a Low Rate Visa Card with RSL Money, you will automatically become a member of Australian Military Bank, at no cost to you. Such Membership confers rights and obligations under Australian Military Bank's Constitution, a copy of which can be viewed here. 

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