Your selected bank accounts
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.
Your selected bank accounts
I'd say the Commonwealth Bank's Smart Access account is a pretty popular choice for everyday banking here in Australia. One of the main things I like is that you can avoid the monthly fee of $4 if you deposit at least $2,000 each month, and that's also waived if you're under 25. Plus, it's super handy having access to a huge network of ATMs across the country, thanks to CommBank and Bankwest. Their digital banking is top-notch too, with the CommBank app and NetBank offering great features like Cardless Cash, PayID, and a Spend Tracker. I also appreciate that it supports contactless payments, and there's an optional overdraft feature if I need it. Security is a big plus, as CommBank offers protection against unauthorised transactions, as long as I take the necessary precautions. On the flip side, that $2,000 monthly deposit can be a bit of a hurdle for some people. I also have to watch out for those international transaction fees, like the 3% charge on overseas purchases and the fees for using overseas ATMs. It's worth noting that the account doesn't earn any interest, so I'd need a separate savings account for that. And lastly, there's a potential $15 overdraw fee to keep in mind.
I've always loved the Commonwealth bank.i haven't been back with them for long so I'm still deciding what s next but so far so good AaAa.
Is good and amazing
I like the interest paid into my savings account, loans are also reasonable interest rate. Customer service is good, love access to coin deposit machine in branch. Online banking has very few issues.
Really good service and very easy to get in contact with them by message or by call.
I have been with the Commonwealth Bank for almost fourty years now (original Dollarmite!) and they continue to bring excellent new products and offers for customers while maintaining trust and security. I switched to the Smart Awards credit card and the gains make a difference immediately. More points per $1 spent along with 2 bonus point boosters a month have them racking up awards quickly - $100 gift card, thanks! And if you spend $2000 in a month the fee is waived. I regularly use the new Commbank Yello Rewards program as well. On average I am receiving $20 cash back a month plus great discounts across many stores, attractions and utilities. I currently have my internet and mobile plans at a significant discount for 12 months. My Credit card, Everyday Savings account and Netbank Saver account together on the app make it easy to keep track of my money and feel in control. I highly recommend these products for a secure and beneficial banking experience.
Cause of fees and stuff
Only bank I have
I don't want to deal with my bank, I just want control of my finances and with CBA I do
Great bank! Been eith them for years!
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.
The $4 monthly fee is waived if you:
or
CommBank offers fee-free withdrawals at its own ATMs and many other major bank ATMs across Australia.
The account includes real-time transaction notifications, card lock/unlock features, and protection against unauthorised transactions when you follow the recommended security steps.
^See information about the Mozo Experts Choice Bank Account Awards
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