Commonwealth Bank bank accounts

3.8
Based on 8,531 Commonwealth Bank bank account product reviews.
Fact Checked
Last updated

Commonwealth Bank is Australia's largest bank, with a history dating back to 1911. As one of the "Big Four" banks, it serves over 17 million customers and offers a wide range of banking services including everyday accounts, home loans, credit cards, and investment products.

Users can access services through the CommBank app with access to advanced features like Bill Sense, Spend Tracker, and Cash Flow View. Alongside its growth in digital platforms, CommBank also maintains an extensive network of branches and ATMs across Australia.

CommBank’s bank accounts are versatile, offering digital payment options, spend tracking, transaction notifications, security features and more. 

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Mozo's Commonwealth Bank bank account review

Smart Access

Account fee
$4.00
$0 monthly account fee if you deposit min. $2,000 per month or under 30 years old.
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay, Garmin, Fitbit
Interest rate
0.00 % p.a.
No Partner link
  • No monthly account fee when depositing $2,000+ monthly or for under 30s

  • Advanced digital banking tools through the CommBank app

  • Cashback rewards on purchases with partner brands

  • Comprehensive security features including card lock/unlock

  • $4 monthly fee if eligibility criteria not met

  • $15 overdraw fee may apply

Our verdict

The CommBank Smart Access account gives customers access to digital banking features. The account truly shines through its integration with the CommBank app, offering sophisticated money management tools like Bill Sense for predicting future bills and Spend Tracker for categorising expenses. 

While there is a $4 monthly fee, it's easily waived for under-30s or those depositing $2,000+ monthly, making it a good option for regular income earners and younger Australians.

The Smart Access account comes with physical and digital Debit card options, supporting all major digital wallets including Apple Pay, Google Pay, and Samsung Pay. 

This account also comes with the addition of CommBank Yello benefits. Customers can get discounts, cashback and exclusive offers when they make more than five eligible monthly transactions from their Smart Access account.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more bank accounts here.
Last updated 22 December 2024 Important disclosures

Commonwealth Bank bank accounts

  • Smart Access

    Account fee
    $4.00
    $0 monthly account fee if you deposit min. $2,000 per month or under 30 years old.
    Payment options
    Apple Pay, Google Pay, PayID, Samsung Pay, Garmin, Fitbit
    Interest rate
    0.00 % p.a.
    No Partner link

  • Student Smart Access

    Account fee
    $0.00
    Monthly account fee waived for holders under 30 years of age, or those 30 and above who deposit at least $2,000 each calendar month.
    Payment options
    Apple Pay, Google Pay, PayID, Samsung Pay, Garmin, Fitbit
    Interest rate
    0.00 % p.a.
    No Partner link

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Commonwealth Bank bank account ratings

Overall customer rating for Commonwealth Bank bank accounts

3.8
Based on 8,531 product reviews.

Customer reviews

Important disclosures

Commonwealth Bank products

FAQ

What are the account eligibility requirements?

To open a Smart Access Account, you must be at least 14 years old (18+ for joint accounts), have an Australian residential address, and open the account in your name.

How can I avoid the monthly account fee?

The $4 monthly fee is waived if you:

  • Are under 30 years of age 

or

  • Deposit at least $2,000 per month
  • Meet other eligible criteria (t&cs apply)
Are there any ATM fees?

CommBank offers fee-free withdrawals at its own ATMs and many other major bank ATMs across Australia.

What security features are available?

The account includes real-time transaction notifications, card lock/unlock features, and protection against unauthorised transactions when you follow the recommended security steps.

Bank account quick links


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