CommBank Review 2026: Regulation, Safety, Policy

Editorial review

Updated Oct 28, 2026

Broker Summary

What Wikilix has recorded about CommBank: its history, the licences it holds, its trading conditions and its fees.

CommBank Broker Overview

CommBank is the brand of Commonwealth Bank of Australia, an Australian bank that dates its history to 1911 and is licensed by ASIC and authorised by APRA. Alongside everyday banking it offers three ways to invest in the CommBank app: CommSec Australian Shares for ASX-listed shares and ETFs, with brokerage from A$5 a trade, CommSec Pocket for themed ETFs, and Everyday Investing for diversified managed funds. These are share and fund investing services, not forex or CFD trading, and no leverage figure is published for any of them.

Is CommBank Regulated?

Yes: Commonwealth Bank of Australia holds Australian financial services licence (AFSL) 234945 from the Australian Securities and Investments Commission (ASIC), and the Australian Prudential Regulation Authority (APRA) lists it as an authorised deposit-taking institution under the Banking Act 1959. Both were confirmed on the regulators' own registers on 28 October 2026. Bankwest operates under the same banking authorisation, and the bank's website gives 234945 as its Australian credit licence number as well.

Two subsidiaries hold licences of their own. Commonwealth Securities Limited (CommSec, ABN 60 067 254 399), which provides CommSec Australian Shares, holds AFSL 238814, effective since 1 December 2003 and confirmed on ASIC's register on 28 October 2026. In the Netherlands, Commonwealth Bank of Australia (Europe) N.V., based in Amsterdam, holds a banking licence from De Nederlandsche Bank (DNB) under relation number R161193, effective since 2 December 2020 and confirmed on DNB's register on 28 October 2026. It serves wholesale and institutional clients, not retail investors.

Commonwealth Bank of Australia

Commonwealth Bank of Australia (ACN 123 123 124, ABN 48 123 123 124) was registered as a company on 17 April 1991, and the ASIC company register gives its principal place of business as Commonwealth Bank Place South, Level 1, 11 Harbour Street, Sydney NSW 2000. Its registration was confirmed on the ASIC company register and the Australian Business Register on 28 October 2026. The bank issues the accounts that hold investors' cash, including the Commonwealth Direct Investment Account (CDIA) that settles share trades, as well as foreign exchange products such as spot and forward FX transactions, foreign currency accounts and the Travel Money Card. CommSec is its wholly owned subsidiary, while the Everyday Investing funds are issued by a separate company, Colonial First State Investments Limited, with Commonwealth Private Limited as investment manager and CommBank as distributor.

CommBank License 234945

ASIC's register shows AFSL 234945 as current under the name COMMONWEALTH BANK OF AUSTRALIA, effective since 1 December 2003, with no expiry date. Its conditions authorise the bank to provide financial product advice, deal in financial products, underwrite issues of securities, make a market in foreign exchange contracts, derivatives, debentures, stocks or bonds and carbon and emissions units, and operate custodial or depository services other than investor directed portfolio services, for retail and wholesale clients.

Is CommBank Safe?

CommBank is a long-established bank supervised by ASIC and APRA, but that supervision does not protect investments from market losses, and not every investing product is the bank's own. The Australian Government's Financial Claims Scheme guarantees eligible deposits up to A$250,000 per account holder; it does not cover shares, ETFs or managed funds. The bank describes CommSec as a non-guaranteed subsidiary, and its site says that Everyday Investing customers invest in Colonial First State managed funds, not in CommBank products.

CommBank Account Types

CommSec Australian Shares: more than 2,000 ASX-listed shares and ETFs. The first trade in any investment must be at least A$500 and later trades in the same investment at least A$100. Opening is free, with no monthly or ongoing account fees.
CommSec Pocket ETFs: 10 themed ETFs from A$50 per trade, with optional fortnightly or monthly auto-invest.
Everyday Investing: four diversified managed funds (Conservative, Balanced, Growth and High growth) from A$2 per investment, with optional weekly, fortnightly or monthly recurring investments.

CommSec Australian Shares and Everyday Investing are open to people aged 18 or over with an Australian residential address. CommSec Australian Shares also requires an Australian postal address, identity verification and tax residency details, while Pocket and Everyday Investing need an eligible CommBank account to fund them.

CommBank Commissions and Fees

Brokerage on CommSec Australian Shares is A$5 up to A$1,000, A$10 up to A$3,000, A$19.95 up to A$10,000, A$29.95 up to A$25,000 and 0.12% above A$25,000. These rates apply to online trades in the CommBank app that are CHESS sponsored with CommSec and settled to a CDIA; trades settled to another institution's account or placed by phone cost more, and the bank notes that other fees and costs may apply.

CommSec Pocket charges A$2 per trade up to A$1,000 and 0.20% above, although a limited-time offer removes brokerage on Pocket trades executed until 31 March 2027. A late settlement fee of A$10 applies if funds are short at settlement, and the ETF providers' management fees are included in the unit price. Everyday Investing charges a monthly access fee of A$0 while the balance is under A$1,000 and A$2 once it reaches A$1,000, plus management fees and costs of 0.35% a year and estimated transaction costs of 0.05% a year.

CommBank Leverage

No leverage figure is published for any CommBank investing account. Investors who want to borrow to invest can apply for a CommSec Margin Loan secured on a portfolio of ASX shares, ETFs and managed funds; its page explains gearing, margin calls and lending ratios that can be reduced, but publishes no maximum lending ratio.

CommBank Trading Platforms

CommBank's own platform is the CommBank app for iPhone (iOS 15.0 or later) and Android (8.0 or later), where Australian shares are traded directly, with no separate platform needed. Within CommSec, the app covers Pocket and individual CommSec Australian Shares accounts. Other CommSec account types, more detailed market research and advanced trading tools are on the CommSec app, which uses the same NetBank ID, and on the CommSec website, and Pocket also has its own CommSec Pocket app.

CommBank Deposits and Withdrawals

Investing is funded from CommBank bank accounts rather than a separate trading balance. CommSec Australian Shares settles from a CDIA, opened automatically, with no monthly fee and no minimum balance when opened through CommSec: the trade amount and brokerage are debited two business days after a purchase, and sale proceeds less brokerage are credited after settlement. Pocket trades are paid from a linked eligible CommBank account, with sale proceeds typically arriving two business days after a sale, and Everyday Investing withdrawals are typically available in two business days.

A CDIA can be funded instantly and free of charge from another CommBank account, or from another bank using its BSB and account number. Payments by BSB or PayID are usually processed within minutes, but first-time and some other transfers can be held for 24 hours, and the default daily limit for paying a PayID or a non-linked account is A$2,000, which can be changed up to A$40,000. International Money Transfers are free when sent online in a foreign currency, cost A$30 when sent in Australian dollars or from a branch, and cost up to A$11 to receive. The bank may limit payments to cryptocurrency or digital asset exchanges to A$10,000 a calendar month.

CommBank Support

Messaging in the CommBank app is available 24/7 through the Ceba virtual assistant and messaging specialists. The personal banking line, 13 2221, is open from 8am to 8pm AEST seven days a week, with lost or stolen cards and fraud handled at any time, and +61 2 9999 3283 is available 24/7 from overseas. CommSec share trading enquiries go to 13 1519 (+61 2 9115 1417 from overseas), Monday to Friday from 8am to 6pm Sydney time. Complaints can be made on 1800 805 605, through the online form in NetBank, at a branch or by post; no general support or complaints email address is published. A complaint the bank does not resolve can be taken to the Australian Financial Complaints Authority (AFCA), where the bank's membership number is 10008.

CommBank Pros and Cons

Pros:

The bank's ASIC and APRA authorisations, and CommSec's ASIC licence, are confirmed on the regulators' registers.
Shares, ETFs and managed funds in the same app as everyday banking, settled from a bank account with no monthly fee.
Low entry points: A$2 for Everyday Investing and A$50 for Pocket ETFs.
Australian share brokerage published in full, from A$5 a trade, and no brokerage on Pocket trades executed until 31 March 2027.
In-app messaging around the clock.

Cons:

No forex or CFD trading and no published leverage.
CommSec Australian Shares and Everyday Investing require an Australian residential address.
The A$5 rate depends on online trading, CHESS sponsorship and settlement to a CDIA; other trades cost more.
The Financial Claims Scheme covers deposits, not investments; CommSec is a non-guaranteed subsidiary, and the Everyday Investing funds are Colonial First State products.

CommBank Review and Assessment

CommBank is a bank-run investing service rather than a forex broker, offered by a licensed Australian bank. For people in Australia who already bank with CommBank, it brings ASX shares, ETFs and managed funds into one app, with published brokerage and low minimums. Anyone looking for a forex or CFD account or for leverage will not find one here, and the main point to check before investing is which company provides each product.

Website archive

Captured Oct 28, 2026

Website snapshots

8 full-page captures of CommBank's own site, archived so what they said can still be read after the pages change.

8 pages

Homepage

Financial Claims Scheme (Deposit Protection)

Important Information (FSGs, PDSs & Terms)

Our Company

Compare Bank Accounts

Complaints & Compliments

Important Information & Licensing (CommSec)

Regulation check

Checked Oct 28, 2026

Regulatory Licenses

CommBank holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.

4 of 4 checked

Licences on record: 4
Confirmed on register: 4
Tier 1 or 2: 4
Offshore: 0

WIKILIX

Licence intelligence

The strongest of 4 licences on file

Licence Verification Record

Australia Securities & Investment Commission 234945

Wikilix read the ASIC register on Oct 28, 2026. This is what it said.

Name on the register: COMMONWEALTH BANK OF AUSTRALIA
Jurisdiction: Australia
Authority strength: Tier 1
Licence type: Market Making(MM)
Register status: Active
Effective: Dec 1, 2003
Shown on the CommBank website: Shown

Checked Oct 28, 2026

Permissions

provide financial product advice
deal in a financial product by issuing, applying for, acquiring, varying or disposing of a financial product
deal in a financial product by applying for, acquiring, varying or disposing of a financial product on behalf of another person
deal in a financial product by underwriting an issue of securities
make a market for the following financial products: foreign exchange contracts; derivatives; debentures, stocks or bonds issued or proposed to be issued by a government and/or debentures issued by any other body; carbon units; Australian carbon credit units; eligible international emissions units
operate custodial or depository services other than investor directed portfolio services

What our check found

Australian financial services licence held by Commonwealth Bank of Australia. It allows advice, dealing and market making in foreign exchange contracts and derivatives, as well as deposit, payment, securities and insurance products, for retail and wholesale clients. The website gives the same number for its Australian credit licence. Client protection: Strong: conduct supervision by ASIC, and free external complaints handling through AFCA (membership 10008). Effective: 1 Dec 2003.

Client protection under this licence

No compensation schemeNo mandatory insurance (but strict fund segregation)
Negative balance protection
Complaints routeAFCA
Maximum leverage1:28

These are the rules ASIC sets for the firms it licenses. They are not a statement about how CommBank applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the ASIC licence record Check it on the register About ASIC

Tier 1 and 2 authorities

3 licences

Trading accounts

Updated Oct 28, 2026

Account Types

3 account types on record. Minimum deposit from AUD 2.

3 account types

Account	Min Deposit	Max Leverage	Commission
CommSec Australian SharesStocks · Invest	AUD 500	Not recorded	Brokerage per trade (online in the CommBank app, CHESS sponsored, settled to a CDIA): $5 up to $1,000; $10 up to $3,000; $19.95 up to $10,000; $29.95 up to $25,000; 0.12% over $25,000. No monthly fees or ongoing account charges.
CommSec Pocket ETFsETF · Invest	AUD 50	Not recorded	Brokerage $2 per trade up to $1,000, 0.20% above $1,000; $0 brokerage on Pocket trades executed until 31 March 2027 (limited-time offer). No ongoing account fees; a $10 late settlement fee may apply.
Everyday InvestingInvest	AUD 2	Not recorded	Monthly access fee $0 when the account balance is under $1,000, $2 at $1,000 or more; management fees and costs 0.35% p.a. and transaction costs 0.05% p.a. (estimated), both reflected in the unit price.

Client acceptance

Country availability

Where CommBank says it will and won't take clients

236 countries

Confirmed blocked

Named in the broker's own terms

CUCubaIRIranKPNorth KoreaSYSyria

Likely blocked

Reported, not verified against a primary source

AFAfghanistanMMMyanmarVEVenezuelaYEYemen

Explicitly accepted

Named as accepted — not a full list of served markets

ADAndorraAEUnited Arab EmiratesAGAntigua and BarbudaAIAnguillaALAlbaniaAMArmeniaAOAngolaAQAntarcticaARArgentinaASAmerican SamoaATAustriaAUAustralia

Show 216 more

AWArubaAXÅland IslandsAZAzerbaijanBABosnia and HerzegovinaBBBarbadosBDBangladeshBEBelgiumBFBurkina FasoBGBulgariaBHBahrainBIBurundiBJBeninBLSaint BarthélemyBMBermudaBNBrunei DarussalamBOBoliviaBQBonaire, Sint Eustatius and SabaBRBrazilBSBahamasBTBhutanBVBouvet IslandBWBotswanaBYBelarusBZBelizeCACanadaCCCocos (Keeling) IslandsCFCentral African RepublicCHSwitzerlandCKCook IslandsCLChileCMCameroonCNChinaCOColombiaCRCosta RicaCVCabo VerdeCWCuraçaoCXChristmas IslandCYCyprusCZCzechiaDEGermanyDJDjiboutiDKDenmarkDMDominicaDODominican RepublicDZAlgeriaECEcuadorEEEstoniaEGEgyptEHWestern SaharaESSpainETEthiopiaFIFinlandFJFijiFKFalkland IslandsFMMicronesiaFOFaroe IslandsFRFranceGAGabonGBUnited KingdomGDGrenadaGEGeorgiaGFFrench GuianaGGGuernseyGHGhanaGIGibraltarGLGreenlandGMGambiaGNGuineaGPGuadeloupeGQEquatorial GuineaGRGreeceGSSouth Georgia and the South Sandwich IslandsGTGuatemalaGUGuamGWGuinea-BissauGYGuyanaHKHong KongHMHeard Island and McDonald IslandsHNHondurasHRCroatiaHTHaitiHUHungaryIDIndonesiaIEIrelandILIsraelIMIsle of ManINIndiaIOBritish Indian Ocean TerritoryISIcelandITItalyJEJerseyJMJamaicaJOJordanJPJapanKEKenyaKGKyrgyzstanKHCambodiaKIKiribatiKMComorosKNSaint Kitts and NevisKRSouth KoreaKWKuwaitKYCayman IslandsKZKazakhstanLALaosLCSaint LuciaLILiechtensteinLKSri LankaLRLiberiaLSLesothoLTLithuaniaLULuxembourgLVLatviaLYLibyaMAMoroccoMCMonacoMDMoldovaMEMontenegroMFSaint Martin (French part)MGMadagascarMHMarshall IslandsMKNorth MacedoniaMLMaliMNMongoliaMOMacaoMPNorthern Mariana IslandsMQMartiniqueMRMauritaniaMSMontserratMTMaltaMUMauritiusMVMaldivesMWMalawiMXMexicoMYMalaysiaMZMozambiqueNANamibiaNCNew CaledoniaNENigerNFNorfolk IslandNINicaraguaNLNetherlandsNONorwayNPNepalNRNauruNUNiueNZNew ZealandOMOmanPAPanamaPEPeruPFFrench PolynesiaPGPapua New GuineaPHPhilippinesPLPolandPMSaint Pierre and MiquelonPNPitcairnPRPuerto RicoPTPortugalPWPalauPYParaguayQAQatarRERéunionRORomaniaRSSerbiaRURussiaRWRwandaSASaudi ArabiaSBSolomon IslandsSCSeychellesSESwedenSGSingaporeSHSaint HelenaSISloveniaSJSvalbard and Jan MayenSKSlovakiaSLSierra LeoneSMSan MarinoSNSenegalSRSurinameSTSao Tome and PrincipeSVEl SalvadorSXSint Maarten (Dutch part)SZEswatiniTCTurks and Caicos IslandsTDChadTFFrench Southern TerritoriesTGTogoTHThailandTJTajikistanTKTokelauTLTimor-LesteTMTurkmenistanTNTunisiaTOTongaTRTürkiyeTTTrinidad and TobagoTVTuvaluTWTaiwanTZTanzaniaUAUkraineUGUgandaUMUnited States Minor Outlying IslandsUSUnited StatesUYUruguayUZUzbekistanVAHoly SeeVCSaint Vincent and the GrenadinesVGVirgin Islands (British)VIVirgin Islands (U.S.)VNViet NamVUVanuatuWFWallis and FutunaWSSamoaYTMayotteZASouth AfricaZMZambia

How we know — 11 sources

1Confirmed blocks (CU, IR, KP, SY): clause 5.4 of CommBank's Transaction, Savings and Investment Account Terms and Conditions (1 October 2026, https://www.commbank.com.au/content/dam/commbank/personal/apply-online/download-printed-forms/SavingsInvestment_ADB2852.pdf) says: “Should we reasonably suspect you are residing in a sanctioned jurisdiction, we may without notice close your account or any account access methods. A list of sanctioned jurisdictions may be found at commbank.com.au/sanctionedcountries.”
2That list (https://www.commbank.com.au/support.banking.accessing-online-services-overseas.html) says: “You're currently unable to access online services from the following countries or regions: Cuba, Iran, North Korea, Syria, The Occupied Regions of Ukraine (e.g. Crimea, Sevastopol, Donetsk, Luhansk, Zaporizhzhia, Kherson and any other applicable region).”
3The Sanctions Compliance page (https://www.commbank.com.au/about-us/opportunity-initiatives/policies-and-practices/sanctions-compliance.html) names Iran, Syria, North Korea, Cuba and the occupied regions of Ukraine as comprehensively sanctioned, and says the group's sanctions policy addresses prohibitions on dealings involving them, “including customer access to the Group's banking platforms from these regions”. None of the four countries is offered as a current-address country in CommBank's pre-arrival account application for people moving to Australia.
4The occupied regions of Ukraine have no ISO country code of their own, so they appear in these notes only. Ukraine itself is offered in the pre-arrival account application and is on the accepted list.
5Likely blocked, unconfirmed (AF, MM, VE, YE): the Sanctions Compliance page says “Other restrictions on dealings and transactions may apply to other countries that have substantive sanctions imposed on them such as Russia, Belarus, Myanmar, Afghanistan, Yemen and Venezuela. Personal and commercial transactions with these countries may be limited.” CommBank does not say it refuses residents of these four countries, so the block is inferred from that wording and from all four being left out of the pre-arrival account application's country list.
6Russia and Belarus are named in the same sentence on the Sanctions Compliance page, but the pre-arrival account application (https://www2.my.commbank.com.au/netbank/EO.Apply.MigrantCustomers/Application.aspx?dl=DCSQPJEP4L) offers both as a current-address country. The application decides, so RU and BY are on the accepted list, although CommBank says transactions with them may be limited.
7Accepted list (228 codes): the countries and territories offered under “What is your current address?” in CommBank's pre-arrival application for people moving to Australia and in its version for international students (linked from https://www.commbank.com.au/banking/ready-to-apply/migrants.html and https://www.commbank.com.au/banking/ready-to-apply/international-students.html). It is only for people who “Will arrive in Australia in the next 14 days” or “Have arrived in Australia in the past 12 months”. Visitor visas under subclass 600, 601 or 651 are not accepted, and ID must be verified at a CommBank branch in Australia within 20 days or the account may close.
8Australia: the standard online application for a Smart Access account requires applicants to “Have an Australian residential address” (https://www.commbank.com.au/banking/everyday-account-smart-access.html).
9Nauru: an addendum to the same terms (effective 1 October 2026) covers customers whose CommBank profile is created in Nauru. They are served by CommBank's agency in Nauru and can open only the Streamline Basic and NetBank Saver accounts.
10Left out of the pre-arrival application but named on no CommBank sanctions page: DR Congo (CD), Republic of the Congo (CG), Côte d'Ivoire (CI), Eritrea (ER), Iraq (IQ), Lebanon (LB), Nigeria (NG), Pakistan (PK), Palestine (PS), Sudan (SD), Somalia (SO), South Sudan (SS) and Zimbabwe (ZW). For a country that is not listed, the application says “Open your account at any CommBank branch when you arrive in Australia.” That is an in-branch alternative, not a refusal, so these countries are in no list.
11The application's country list also has entries for “Herzegovina” and “Netherlands Antilles”, which have no current ISO country code, so they are in no list. Bosnia and Herzegovina (BA) and the former Antilles islands (BQ, CW, SX) are offered separately and are on the accepted list.

Deposits & withdrawals

Funding Methods

10 ways to fund an account. 3 with no deposit fee. 2 credit instantly. The costliest way in is International Money Transfer at AUD 11.

10 methods

Method	Deposit fee	Withdrawal fee	Min deposit	Withdrawal min / max	Processing
Transfer between CommBank accountsBank Transfer Instant and free between your own CommBank accounts: the CDIA page says you can 'instantly transfer funds seamlessly between all your CBA accounts' and lists 'Electronic withdrawal: Free' and 'unlimited free electronic transactions'; for security the bank may place a hold on funds transferred to or from an account. No daily transfer limit applies between your own CommBank accounts (How do I transfer money? page). This is how the CDIA, the settlement account for CommSec Australian Shares and Pocket ETFs, is usually funded ('Transfer between accounts' in the CommBank app). First-time transfers to or from a linked account that belongs to someone else, such as a business account, can take 24 hours, or 24 to 48 hours when made at or after 7.30pm AEST (transfer-times FAQ).	Free	Free	Not recorded	Not recordedNot recorded	Instant
Bank transfer (BSB and account number)Bank Transfer Timing: 'PayID transfers and most transfers made to a BSB and account number are usually processed instantly, or within a few minutes. First-time and some other transfers may be held for 24 hours' (transfer-times FAQ); weekends and public holidays may delay processing. Limits: transfers to unlinked accounts (other people's accounts or accounts at other banks) have a daily limit of up to $40,000 (How do I transfer money? page); the default is $2,000 a day for transfers to a PayID or non-linked account, changeable in NetBank or the CommBank app (Electronic Banking Terms and Conditions, clause 12.3). Fees: the CDIA page lists online transfers as free ('Electronic withdrawal: Free', 'unlimited free electronic transactions'). To fund a CDIA from another financial institution, give it the CDIA's BSB and account number (CDIA page FAQ).	Free	Free	Not recorded	Not recordedAUD 40,000	Up to 24 hours
PayID paymentsBank Transfer Register a mobile number, email address or ABN as a PayID in the CommBank app or NetBank and link it to an eligible transaction account. Most PayID payments run through the New Payments Platform using Osko and are typically received in under a minute; first-time payments to or from a new PayID may be held for up to 24 hours for security (PayID page; transfer-times FAQ). Limits: payments to a PayID share the daily limit for non-linked accounts, $2,000 a day by default (Electronic Banking Terms and Conditions, clause 12.3) and up to $40,000 (How do I transfer money? page). Fees: the PayID page does not mention a fee; the CDIA page lists online transfers as free.	Free	Free	Not recorded	Not recordedAUD 40,000	Up to 24 hours
Direct creditsBank Transfer Deposit only. The account terms (Transaction, Savings and Investment Account Terms and Conditions, 1 October 2026, table 1.1.1) list direct credits as a way to put money into transaction, savings and investing accounts, including the CDIA. The switching page offers letter templates to redirect a salary or share dividends to a CommBank account. CommSec's Dividend Direction service can pay dividends straight into a CDIA (CDIA page). No processing time, fee or limit is published for direct credits.	Not recorded	Not recorded	Not recorded	Not recordedNot recorded	Not recorded
International Money TransferWire Transfer Sending: the transfer fee is waived when you send from NetBank or the CommBank app and convert to a foreign currency, or send from a Foreign Currency Account, and the bank absorbs correspondent bank fees on these cross-currency transfers. A $30.00 fee applies per transfer sent from NetBank or the CommBank app in AUD with no currency conversion, and per transfer issued in a branch or by manual instruction (branch minimum AUD 5,000 per transfer). The 30 AUD shown is therefore a ceiling, not a flat rate. Cancellation, amendment and trace requests cost $25.00 each plus overseas bank costs. Receiving: up to $11.00 per transfer into an AUD or Foreign Currency Account, depending on arrangements with overseas banks (a ceiling, not a flat rate); overseas and payee banks may deduct their own charges. The payer needs the bank name, the BIC/SWIFT code CTBAAU2S and your 6-digit BSB and 8-digit account number. Timing: IMTs usually take 1 business day to be delivered but can take longer; transfers made on a weekend or holiday are processed the next business day. Limit: $5,000 a day for IMTs in NetBank and the CommBank app (How do I transfer money? page); the Electronic Banking Terms and Conditions (clause 12.3) say the service must first be activated. Transfers go to more than 200 countries in over 30 currencies. Foreign cheques have not been accepted since 10 October 2022.	AUD 11	AUD 30	Not recorded	Not recordedAUD 5,000	Up to 1 day
CommBank ATMsOther The ATM page says you can 'deposit, withdraw and transfer money instantly' at CommBank ATMs, and the Deposit ATMs page calls them instant deposit ATMs; cheques deposited at an ATM still need the standard clearance days (see Cheque deposits). Fees: 'You can make fee-free cash withdrawals at any CommBank ATM from your CommBank Transacting, Saving and Investment Account' (account terms, 1 October 2026, notes to table 3.2). No deposit fee is published. At non-CommBank ATMs in Australia the ATM owner may charge a fee, shown at the time (everyday account rates and fees page). Deposit limits: a combined maximum of $10,000 in cash per day into an account across CommBank ATMs and participating Post Offices; $10,000 per day per card with a linked account; $5,000 per day per card with 'Pay someone else'; $10,000 per CommBank app user per day with QR Cardless (Deposit ATMs page). Up to 200 notes and 50 cheques without an envelope, and up to 2 kg of coins at selected machines. Withdrawal limit: the default daily card withdrawal limit is $2,000 for a Debit Mastercard issued from 9 February 2015, $1,000 for a Keycard issued from 28 July 2008 and $800 for a credit card, and can be changed in NetBank or the CommBank app (Electronic Banking Terms and Conditions, clause 12.4). QR Cardless works without a card or PIN, using the CommBank app on a registered device at a compatible CommBank ATM.	Not recorded	Free	Not recorded	Not recordedAUD 2,000	Instant
Overseas ATM withdrawalsOther Withdrawal only. Access fee (account terms, 1 October 2026, table 3.2; everyday account rates and fees page): AUD 2.00 each at ASB Bank ATMs in New Zealand and CommBank ATMs outside Australia; AUD 5.00 plus 3.5% of the transaction value for any other cash withdrawal overseas. The AUD 5.00 shown is the fixed part; the 3.5% comes on top. Third-party ATM owners may also charge for use of a card. The default daily card withdrawal limit (for example $2,000 for a Debit Mastercard issued from 9 February 2015) also applies overseas through the Maestro/Cirrus and Visa Plus networks (Electronic Banking Terms and Conditions, clause 12.4). The ATM page notes that every overseas ATM withdrawal with a Debit Mastercard, Travel Money Card or credit card is charged; the Travel Money Card and credit cards have their own fee schedules. No processing time is published.	Not recorded	AUD 5	Not recorded	Not recordedAUD 2,000	Not recorded
Bank@Post transactionsOther Personal customers: deposit up to $2,000 per transaction (cash and coin) and withdraw up to $2,000 a day with a card (primary linked accounts), or over a 7-day period with a passbook. Business cards and deposit-only cards: up to $8,000 per deposit to a linked business account. A combined maximum of $10,000 in cash per day can be deposited into an account through CommBank ATMs and participating Post Offices. Cheque deposits: allow 7-10 business days to clear; this is the only time the page gives, which is why the time shown is up to 10 days, and no time is stated for cash. Fees: the page says Bank@Post transactions may incur an assisted transaction fee under your account's terms. The account terms (1 October 2026, table 3.2.1) charge the $3.00 assisted withdrawal fee only on passbook accounts, after 2 fee-free assisted withdrawals a month, and the everyday account fee page lists assisted withdrawals in a branch or agency as Nil for transaction, savings and investment accounts. Barcoded deposit slips will no longer be supported for business cash deposits at Australia Post from mid 2027.	Not recorded	Not recorded	Not recorded	Not recordedAUD 2,000	Up to 10 days
Cheque depositsOther Deposit only. Cheques can be deposited at CommBank Deposit ATMs (up to 50 cheques without an envelope; cheque deposits 'require the standard clearance days', Deposit ATMs page), at Bank@Post Post Offices ('Allow 7-10 business days for cheque deposits to be cleared', Bank@Post page) and in branches. The account terms (1 October 2026, clause 1.6) say deposited cheque funds may be held until the cheque clears; for Passbook accounts, funds are unavailable for three business days after a cheque is deposited at a branch, or five business days if deposited at Australia Post. Foreign cheques in any currency have not been accepted since 10 October 2022. Cheque access has not been available for new and some existing accounts since 3 June 2023 (account terms, 1.2), and the Australian Government has announced it will phase out cheques (Bank@Post page).	Not recorded	Not recorded	Not recorded	Not recordedNot recorded	Up to 10 days
Branch (over the counter)Other Assisted withdrawals in a branch, agency or through telephone banking are Nil for transaction, savings and investing accounts (everyday account rates and fees page), and the CDIA page lists 'Assisted withdrawal: Free'. Exception: passbook accounts pay a $3.00 assisted withdrawal fee after 2 fee-free assisted withdrawals a month (account terms, 1 October 2026, 3.2 and 3.2.1). Anyone making an over-the-counter cash deposit or cash transaction may be asked to verify their identity, and non-customers depositing into a business or non-personal account may need a KYC-verified CommBank profile (branch cash deposits page). The account terms (tables 1.1.1 and 1.2.1) list 'Branch or post office' as a way to put money in and take it out. No processing time, deposit fee or limit is published for branch transactions.	Not recorded	Free	Not recorded	Not recordedNot recorded	Not recorded

Trading software

Trading Platforms

One trading platform on record: Proprietary platform.

1 platform

Proprietary platform
Proprietary platform
Recommended
CommBank app for iPhone (iOS 15.0+) and Android (8.0+). Its Investing hub trades ASX shares and ETFs through CommSec and invests in Pocket ETFs and Everyday Investing funds. The CommSec app offers more research and advanced trading tools.
Runs on
- Android
- iOS
Download
Details

Websites

Global Domains

5 domains on record. All active and served over HTTPS.

5 domains

www.commbank.com.auMain siteActiveHTTPS
www.my.commbank.com.au/netbank/Logon/Logon.aspxClient portalActiveHTTPS
www3.my.commbiz.commbank.com.au/cbp/loginClient portalActiveHTTPS
www2.commsec.com.au/secure/loginClient portalActiveHTTPS
www.commsec.com.auActiveHTTPS

Legal entities

Corporate Network

2 legal entities behind the CommBank brand.

2 entities

COMMONWEALTH BANK OF AUSTRALIAActiveLicence holderAustraliaRegistration 123123124Established Dec 1, 2003Holds ASICAustralian public company, ABN 48 123 123 124, that issues CommBank's foreign exchange products, including spot and forward FX transactions, foreign currency accounts and the Travel Money Card. It also operates branches in New Zealand, London, New York, Hong Kong, Singapore, Tokyo and China.
Commonwealth Bank of Australia (Europe) N.V.ActiveNetherlandsRegistration 72946520Amsterdam subsidiary of Commonwealth Bank of Australia, established in 2020, that serves wholesale and institutional clients domiciled in Europe with lending facilities and market products.

Company registry check

Checked Oct 28, 2026

Company Registration

CommBank names Commonwealth Bank of Australia as the operating company. We could not confirm that registration on the registry.

Not confirmed on registry

Legal entity: Commonwealth Bank of Australia
Registration number: ABN 48 123 123 124
Jurisdiction: Australia

Peer comparison

Brokers worth comparing

4 other brokers on the record share what CommBank offers — its country, regulator, account types or platforms — set beside it on the same measures.

4 peers

CommBank
This recordAustralia · since 1911· Commonwealth Bank of AustraliaWikilix score 74.0RegulationRegulatedASICMax leverageNot recordedPlatforms1Licences4
BCR
Australia · since 2008· BACERA CO PTY LTDWikilix score 72.0RegulationRegulatedASICMax leverage1:30Platforms2Licences2
ATFX
United Kingdom · since 2015· AT Global Markets (UK) LimitedWikilix score 73.0RegulationRegulatedFCAMax leverageNot recordedPlatforms2Licences10
RoboMarkets
Cyprus · since 2012· RoboMarkets Ltd.Wikilix score 74.0RegulationRegulatedCySECMax leverage1:30Platforms3Licences3
IG
Bermuda · since 1974· IG International LimitedWikilix score 75.0RegulationRegulatedASICMax leverage1:200Platforms4Licences12

Frequently Asked Questions

Common questions about CommBank

Can't find what you're looking for?

Our support team is here to help you get the answers you need.

Comments

Share your thoughts and experiences with CommBank

CommBank

Trading Conditions

Official website

Funding Methods

Transfer between CommBank accounts

Bank transfer (BSB and account number)

PayID payments

Direct credits

International Money Transfer

CommBank ATMs

Overseas ATM withdrawals

Bank@Post transactions

Trust rating

Regulation

What we checked

What this measures

Identity

What we checked

What this measures

Client terms

What we checked

What this measures

Trading offer

What we checked

What this measures

Service

What we checked

What this measures

Regulatory Licenses

Company Information

Customer Support

CommBank Broker Overview

Is CommBank Regulated?

Commonwealth Bank of Australia

CommBank License 234945

Is CommBank Safe?

CommBank Account Types

CommBank Commissions and Fees

CommBank Leverage

CommBank Trading Platforms

CommBank Deposits and Withdrawals

CommBank Support

CommBank Pros and Cons

CommBank Review and Assessment

Australia Securities & Investment Commission 234945

Permissions

What our check found

Client protection under this licence

Tier 1 and 2 authorities

Proprietary platform

Runs on

CommBank

BCR

ATFX

RoboMarkets

IG

Frequently Asked Questions

Is CommBank regulated in Europe?

How do I make a complaint to CommBank?

Is CommSec part of CommBank?

Who can open a CommBank investing account?

How do I deposit and withdraw money for CommBank investing?

What does it cost to trade shares with CommBank?

Does CommBank offer forex or CFD trading?

Which financial instruments can be traded through Commonwealth Bank of Australia?

What customer support options are available for Commonwealth Bank of Australia clients?

Are there any minimum deposit requirements for opening an account with Commonwealth Bank of Australia?

What is the maximum leverage available with Commonwealth Bank of Australia?

What trading platforms does Commonwealth Bank of Australia offer?

Is Commonwealth Bank of Australia regulated and safe for trading?

Can't find what you're looking for?

Comments