Commonwealth Bank

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The Commonwealth Bank is the second largest bank in Australia after the National Australia Bank (nab). Commonwealth Bank, Commbank or CBA as it is commonly known as operates internationally with businesses in New Zealand, Asia and the United Kingdom. Commonwealth Bank was founded in 1911 by the Andrew Fisher Labour Government. Unlike any other financial institutions in Australia, it was the first and only bank in Australia to receive a Federal Government guarantee which provided security for the Bank to carry out both savings and general bank trading business. The Bank became a public company in 1991 and underwent three stages of privatisation until 1996. The Commonwealth Bank brand has grown to become one of the best recognised in the financial services industry. Their other award-winning brands include Colonial First State investments and retail broker Commonwealth Securities (Com Sec). The Bank has positioned itself for future growth as it continues to provide a full range commercial and of retail banking services including home loans, credit cards, personal loans, term deposits, transaction accounts and car insurance.
Company Commonwealth Bank
Average Fees Electronic Transactor $2.41
Average Fees High Transactor $2.41
Average Fees Low Transactor $2.41
Monthly Account Fees $6
Free Transaction Allocation N/A
Base Rebate N/A
ATM Withdrawal Fee $0
Advertised Rate 0.05%
Minimum Deposit $50,000
EFTPOS Transaction Fee $0
Cheque Deposit Fee $0
Star Rating Electronic Transactor
Star Rating High Transactor
Star Rating Low Transactor

Product Features

A debit card allows you to purchase items on credit once you have spent the funds in your transaction account.
Does this account allow transactions via an ATM?
Does this account allow transactions via an EFTPOS facility?
Whether this account offers a facility to pay bills using Bpay?
If this account allows transactions online
Whether this account offers access to telephone banking
Whether a cheque book is offered with this account
If this account allows you to process transactions at a branch
If this account allows you to directly deposit your salary

Average fees based on a scenario averaging 25 transactions per month through electronic methods such as ATM, phone and internet.

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