Ammonia borane is widely used in most areas including fuel cell applications. The present paper describes electrochemical behavior of ammonia borane in alkaline media on the poly(p-aminophenol) film modified with Au and Ag bimetallic nanoparticles. The glassy carbon electrode was firstly covered with polymeric film electrochemically and then, Au, Ag, and Au-Ag nanoparticles were deposited on the polymeric film, respectively. The surface morphology and chemical composition of these electrodes were examined by scanning electron microscopy, transmission electron microscopy, electrochemical impedance spectroscopy, X-ray diffraction, and X-ray photoelectron spectroscopy. It was found that alloyed Au-Ag bimetallic nanoparticles are formed. Electrochemical measurements indicate that the developed electrode modified by Au-Ag bimetallic nanoparticles exhibit the highest electrocatalytic activity for ammonia borane oxidation in alkaline media. The rotating disk electrode voltammetry demonstrates that the developed electrode can catalyze almost six-electron oxidation pathway of ammonia borane. Our results may be attractive for anode materials of ammonia borane fuel cells under alkaline conditions.