Defence Bank

Defence Bank Ltd Overview
Defence Bank

Defence Bank Limited (formerly Defence Credit Union), headquartered in Melbourne, Victoria, is one of the largest member-owned financial institutions in Australia. It currently has over 78,000 customers, 200 employees and 30 branches across the country. The company serves Australian Defense Force, former members, Defence civilians, contractors, families and broader community. It provides transaction, savings and offset accounts, term deposits, RSA, personal and home loans, car loans, low interest rate and low annual fee credit cards, Visa debit and ATM cards, cash passport platinum travel money card, foreign currency exchange, telegraphic money transfers, online banking, digital wallet, award-winning mobile app as well as range of insurance policies including home, contents, motor, travel, landlord and health insurance. The company was founded in 1975 as Defence Force Credit Union and changed its name to Defence Bank in 2012. For the financial year ended 30 June 2023, it reported $3.5 billion in total assets and $2.7 billion in total deposits. The net profit was $14.5 million.

Savings accounts:
Max eSaver
Pension Saver
Salute account
Cadet Saver
Teen Saver
Kids Club account

Credit Ratings:
Moody’s: Baa1 | Stable | P-2
Standard & Poor's: BBB | Positive | A-2
Ratings as of January 2024

Defence Bank Branches

Head office address:
Level 5, 31 Queen Street
Melbourne VIC 3000

Phone number
Customer service: 1800 033 139
International Call: +61 3 8624 5888

BSB number: 833-205
ABN: 57 087 651 385
Australian Credit Licence: 234582