Finty
CommBank

CommBank Commonwealth Direct Investment Account

A cash management account for investors allowing you to trade and transact when and where it suits you.

Written byDavid Boyd
Overseas spending fee
3.5%
Overseas ATM fee
$5
Digital wallets
None listed

Monthly fee

Not published

Open account

Features

Debit card
Yes
Apple, Google or Samsung Pay
Not listed
PayID
Yes
Overdraft available
Not listed

Who can open it

Age to open
18 and over

Who it's for

  • You can apply if you are opening the account in a personal, joint, company, SMSF or trust name.
  • You must be an Australian registered or incorporated company; Australian Trust or Self-Managed Super Fund (SMSF).
  • You must have an Australian residential address.

How it compares

Against the other everyday accounts we compare. Typical means the middle half of them.

Overseas spending fee

3.5%

Of what you spend in another currency. Typical is 3%.

Overseas ATM fee

$5

Each time you take cash out overseas. Typical is $5.

Pros and cons

Pros

  • Pays interest. 3.00% on your balance, which most everyday accounts don't.
  • PayID. People can pay you with your phone number or email instead of a BSB and account number.

Cons

  • An overseas spending fee. 3.5% of what you spend in another currency, so $1,000 overseas costs about $35 extra.

Similar accounts

Everyday accounts from other banks with similar fees.