Commonwealth Bank Direct Investment Account

The Commonwealth Bank Direct Investment Account facilitates your share trading activities when you combine it with a CommSec share trading account. This process allows you to directly deposit your investment returns and make buy orders without needing to pay deposits. It also enables you to take advantage of Internet Preferred Brokerage Rates (CHESS sponsored by CommSec) and facilitates online trade. Commonwealth Bank Direct Investment Account funds are accessible through NetBank, EFTPOS, telephone banking, ATM, and through any Commonwealth Bank branch. You can also check your savings and transfer funds through NetBank, 24 hours a day, seven days a week.

The Commonwealth Bank Direct Investment Account enables you to monitor the growth of your cash, even when they are not invested in shares, at specific rates on balances of a specified amount. Interest is also calculated daily and credited quarterly. If you choose the electronic option, you are allowed to make 15 electronic withdrawals each month. On the other hand, selecting the assisted/electronic option allows you to make two assisted and five electronic withdrawals each month. If you are using a non-Commonwealth Bank ATM, you will be charged a fixed fee for all withdrawals and enquiries. You must be 18 years old and above and hold Australian citizenship to open a Commonwealth Bank Direct Investment Account.