In a year where many financial institutions saw marked reductions in profit, Defence Bank is pleased to announce a strong financial result for the year with Net Profit after Tax (NPAT) of $10.04m – an increase of 2.5%.
Defence Bank and Navy Health today announced an innovative and strategic partnership to deliver even greater value and services to our Members.
Defence Bank is proud to be a winner of the Mozo Experts Choice Awards 2019 in the category of Excellent Banking App.
The Commonwealth Government has released the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery. This includes some temporary changes to our Defence Bank Super, Defence Bank Pension and our Defence Bank Super Assured Retirement Savings account (RSA).
David Marshall, CEO, wants all of our members to know that Defence Bank is here for them during this difficult and uncertain time.
As part of an industry wide response to the Coronavirus, effective 7 April Defence Bank will be temporarily increasing the PIN limit for contactless card payments from $100 to $200 to reduce the need to touch payment terminals when you are out shopping at retailers like Woolworths or Coles.
As you will be aware, we have been closely monitoring the situation with coronavirus and any advice issued by the Government.
We take a different path to our big bank rivals. For a start, we are owned by you, our members, not by a big bank.