Terms and Conditions

Date: 28 July 2008

Issued by: Commonwealth Bank of Australia
ABN 48 123 123 124
AFSL 234945

If you have any questions on these Terms and Conditions, or fees and charges, please ask our staff or call 13 2221 24 hours a day, 7 days a week.

About these Terms and Conditions

• What is Electronic Banking?
• Contractual relationship
• What are the risks?
• Code of Banking Practice

Terms and Conditions

• Ways to access your account
• Using VoIP
• Special conditions of using NetBank
• Making e-banking transactions
• Daily Limits for Electronic Banking
• What if you have a complaint
• Disputes with other parties
• Safeguarding your account against unauthorised access
• Liability for transactions
• Conditions of use for BPAY
• What you agree to when using BPAY View
• Changes to Terms and Conditions for Electronic Banking
• Protecting your personal information

Fees and Charges

• Transaction Fees for Personal Accounts
• Transaction Fees for Business Accounts
• Transaction Fees for Personal Loans
• Transaction Fees for Home Loans
• NetBank service fees
• Business Plan
• Government charges
• Meaning of words
• Where to get help

About these Terms and Conditions

 

What is Electronic Banking?

Electronic Banking (e-banking) is a range of banking services that utilises electronic equipment and includes the following:

• Telephone Banking;
• NetBank (Internet banking);
• BPAY^® and BPAY View™;
• ATM;
• Keycard (debit card);
• EFTPOS;
• Maestro/Cirrus, Visa Plus;
• AFT (Automated Funds Transfer); and
• Deal Direct.

^® Registered to BPAY Pty Ltd ABN 69 079 137 518
™ Registered to BPAY Pty Ltd ABN 69 079 137 518

E-banking offers the convenience of conducting most of your banking transactions at a time that suits you. You can access funds and transfer funds between accounts, pay bills and make purchases 24 hours a day, 7 days a week.*

* Regular system upgrades may limit access to your accounts through some services.

Using electronic equipment

When you make a transaction with electronic equipment using a card, PIN, password, code or NetCode, you authorise us to act on the instructions entered into that electronic equipment. The protection provided under these Terms and Conditions extends to transactions made with cards, PINs and passwords in electronic equipment that is not owned by us. Please note that any credit aspects of your EFT account or EFT transaction are governed by the Terms and Conditions applicable to your credit contract. Credit Card use is governed by the Bank's Credit Card Conditions of Use.

EFT Transactions

• Are governed by the Terms and Conditions in this brochure and by the Terms and Conditions of the accounts, products and/or services being used. The Electronic Banking Terms and Conditions reflect the Electronic Funds Transfer Code of Conduct (EFT Code) which we have adopted effective 1 April 2002. We warrant that we will comply with the EFT Code. The EFT Code is not applicable where a Savings Investment Account is used for business purposes
• May be directed to any one of the accounts that is linked to your card, PIN, password, code or NetCode if it is not possible to direct them in accordance with the instructions you give the electronic equipment
• May be limited to specific amounts set by us. For example, there are maximum and minimum daily withdrawal amounts that may vary
• May be completed through the channel chosen by us if it is possible to effect a requested transaction using more than one payment or transfer channel

Contractual relationship

The Terms and Conditions in this brochure together with Fees and charges and the Terms and Conditions of the accounts, products and/or services being used, forms the Terms and Conditions of the contract between you and us if you decide to open an EFT Account. These Terms and Conditions become binding once we give you (or any other user) and you (or that other user) accept the access method. As from that time, we and you undertake to keep to the Terms and Conditions.

There are also Terms and Conditions that may apply by operation of law. Please read this brochure before opening an account. You will then know what to expect from us and what we expect from you. You can ask us questions about any of the Terms and Conditions you do not understand and so avoid misunderstandings. If you open an account, then you should keep this brochure and all other documentation for future reference.

Definitions of important words and terms can be found (refer to 'Meaning of words'), together with a list of useful contact numbers (refer to 'Where to get help') if you need help with your banking.

What are the risks?

All financial investments involve a certain amount of risk. The products offered in this brochure are all low risk investments. You should also be aware of other risks such as the possibility of unauthorised transactions on your account. Please refer to 'Safeguarding your account against unauthorised access' for details.

In addition, there is a risk that you may not be able to access your account information or make transactions through a service which is reliant on computer and/or telecommunications systems. The Bank is dependant on the reliability of its own operational processes and those of its technology and telecommunications partners in respect of computers, computer networks and telecommunications. Disruptions to these processes may result in electronic banking services being unavailable from time to time.

If you instruct us to accept facsimile signatures to authorise debits from your account, you will need to provide a separate authority and indemnity. Unless you have provided a separate authority and indemnity we will not accept facsimile signatures as authority to debit your account. If you do authorise us to accept facsimile signatures, you accept the risk of any unauthorised transactions on your account initiated by facsimile signatures.

Code of Banking Practice

We observe the provisions of the Code of Banking Practice. Relevant provisions of the Code apply to the banking services in this brochure if they are held by individuals or by small business customers. The Code is a voluntary code of conduct which sets standards of good banking practice for us to follow when dealing with you. We have prepared an information booklet, The Better Banking Book which contains useful information on a range of banking matters including:

• the rights and obligations that arise out of the banker and customer relationship;
• account opening procedures;
• our obligations regarding confidentiality of your information;
• our complaint handling procedures;
• bank cheques;
• the importance of you informing us promptly when you are in financial difficulty;
• the importance to you of reading the Terms and Conditions applying to any banking service provided to you or in which you are interested; and
• how to use a cheque account.

Any of the Terms and Conditions which cancel, limit or modify our liability to you, do so only to the maximum extent permissible by law.

These Terms and Conditions do not exclude or modify those of your rights which cannot be excluded or modified under legislation applying to your account.

Where to obtain a copy of...

The Better Banking Book

• Any branch of the Commonwealth Bank
• Call 13 2221 (24 hours a day, 7 days a week)
• Ask your relationship manager

Code of Banking Practice

• Any branch of the Commonwealth Bank
• Call 13 2221 (24 hours a day, 7 days a week)
• Ask your relationship manager
• Visit our website commbank.com.au

Terms and Conditions

 

Ways to access your account	Find out more about the e-banking services available to you, as well as account access methods such as cards, PINs and passwords.
Electronic Statements	Find out how you can elect to receive account statements electronically if you are a NetBank user and tell your email address.
Making e-banking transactions	Why it is important to enter correct information. We also tell you about making a deposit with an ATM, scheduling payments and transfers, when we process e-banking transactions and what happens if electronic equipment does not work.
Disputes	How we handle complaints and disputes.
Safeguarding your account unauthorised access	What you must do to protect your account. Find out more about safeguarding cards, PINs and passwords.
Liability for transactions	We explain when you are liable for transactions on your account and your liability in the event of unauthorised transactions.
Conditions of use for BPAY	Terms and Conditions that apply when you use BPAY to pay your bills.
What you agree to when using BPAY View	Terms and Conditions that apply when you use NetBank to access bills using our BPAY View facility.
Changes to your Terms and Conditions	When we tell you about any changes we may make to your Terms and Conditions and how we keep you informed.
Protecting your personal information	How we safeguard your privacy and why the Bank collects or may disclose your personal information.

For the meaning of key words included in this section, (refer to the 'Meaning of words')

Ways to access your account

To find out more about e-banking or to get help with using electronic equipment, NetBank or Telephone Banking, please (refer to 'Where to get help') for contact details.

 

Keycard and linked credit card access via ATMs	Use your Keycard or linked credit card to conduct banking transactions at a wide range of ATMs in Australia, New Zealand and Indonesia.
EFTPOS	Use your Keycard to pay for purchases or withdraw cash at the same time (at the retailer's discretion).
Maestro/Cirrus and Visa Plus	Maestro is an international EFTPOS system. Cirrus and Visa Plus are international ATM networks. Use your Commonwealth Bank Keycard and existing PIN to purchase goods and services, withdraw cash and obtain balances. Just look for the Maestro, Cirrus or Visa Plus logo.
Telephone Banking	Use a touch-tone telephone or VoIP to pay bills, obtain information on your accounts, transfer funds to linked accounts, activate your Keycard or credit card and change your password.
NetBank	NetBank is a quick, cost efficient, simple and secure way to do your banking. With NetBank you can: view your up-to-date account balances and details of NetBank initiated transactions; view transaction histories for the last two years on your linked statement accounts including your Home Loans/Investment Home Loans, Mortgage Interest Saver Accounts (MISA) and credit card; redraw funds from your Home Loan/Investment Home Loan or Variable Rate Personal Loan (conditions apply); transfer funds between any NetBank linked accounts. These include transaction and savings accounts, credit card accounts, Home Loans/ Investment Home Loans, Mortgage Interest Saver Accounts (MISA), and Personal Loans; transfer money to other peoples' accounts at the Commonwealth Bank or to selected accounts at other Australian financial institutions (You must key in the correct BSB number and account number - the account name of the recipient does not form part of your payment instructions and will not be used or checked by us in making your payment); set up scheduled and recurring payments - one-off or recurring bill payments and funds transfers can be created to occur on a future date(s) (not available for Pensioner Security Account passbook option, Savings Investment Account, NetBank Saver Account and Business Online Saver); pay your bills using BPAY; view and pay your bills using BPAY View; make International money transfers to people overseas (minimum transaction amounts apply); view and redeem your Commonwealth Awards points; change your password, Personalised Identification Questions and answers, address and contact details online; customise transaction descriptions for easier statement reconciliation; 'nickname' your accounts and bills for easy reference; create an additional login you can use when travelling or to separate your business and personal affairs; create an additional login that allows another person to view your accounts; import payments into NetBank from a file (such as MYOB) so you don't have to type in all the details; and stop and unstop cheques.
BPAY and BPAY View	Most bills can be paid using BPAY over the telephone or with NetBank. With BPAY View you can also receive some bills electronically instead of in the mail and then view and pay them using NetBank.
Automated funds transfers	Schedule automatic payments from your designated accounts to pay bills. (Not available for Pensioner Security Account passbook option and Savings Investment Account. Not permitted from your Home Loan Account, Investment Home Loan Account, Personal Loan Account or Mortgage Interest Saver Account (MISA).

Using VOIP

If you use VoIP, we urge you to take steps to adequately secure your computer. The systems used by your VoIP provider and / or telephone calls made using your VoIP service may not be secure. We strongly recommend you use up-to-date anti-virus, firewall and anti-spyware software before conducting any banking using VoIP.

You should also contact your VoIP service provider to ensure that you are satisfied with your service provider's:-

a. security measures;

b. data protection standards; and

c. personal information handling policies.

You should also note that your service provider may route communications offshore. If so, these communications may not be secure nor may they be regulated by Australian law.

Special conditions of using NetBank

For the purpose of accessing and using the NetBank service, and using the relevant access method, we grant to you a non-exclusive, non-transferable personal licence in relation to the software, including any files, images, tables and data incorporated in or generated by the software, and data accompanying the software (collectively, the 'Software') necessary for the purposes of your use of the NetBank service. We do not transfer title to nor grant any interest in the Software to you. Customers under the age of 16 require written consent from their parent or guardian to obtain access to these e-banking channels for Youthsaver Account. Telephone Banking and NetBank are the only ways you can access your NetBank Saver Account.

When you register for NetBank, the Bank may automatically select you for Two Factor Authentication using NetCode SMS or NetCode Token.

For some transactions and NetBank functions you may, in addition to entering your password, be required to correctly answer your Personalised Identification Questions.

If you are registered for Two Factor Authentication using a NetCode Token you will be required to enter your current NetCode at the time of login.

If you are registered for Two Factor Authentication using NetCode SMS you will be required to enter your current NetCode for some transactions and NetBank functions.

NetCode Tokens remain the property of the Bank and must be returned to the Bank on request. One active NetCode token is issued per Client Number and cannot be used in conjunction with another person's Client Number. The Bank reserves the right to charge for additional and replacement NetCode Tokens.

If you are selected by the Bank for Two Factor Authentication, or you choose to participate in Two Factor Authentication when the Bank makes it available, using a NetCode Token, you must register the NetCode Token with us within 30 days from the date we send it to you.

If you are selected by the Bank for Two Factor Authentication, or you choose to participate in Two Factor Authentication, using NetCode SMS, you must ensure that your current mobile telephone number is registered in your 'my info' section in NetBank.

Special risks relating to NetBank

While NetBank allows you to transact simply using your computer and codes, because of that simplicity, it also poses special risks.

• If someone else has your codes, they can transact on your account as if they were you. You may be liable for such transactions (refer to 'Liability for transactions') for details.
• You should take special care to keep your codes secret and to not disclose them to any third party including family, friends and institutions.
• You should ignore any emails that appear to come from us that require you to input your codes. These emails may come from third parties seeking to use the information to access your accounts.
• You should also be careful about using services which offer to interface with NetBank on your behalf. You may be led to believe that you are inputting your codes in a NetBank session, while in fact you are disclosing your codes to a third party hosting a hoax website.

We continually look at ways to minimise any unauthorised transactions on your account. We may use various techniques from time to time, including contacting you after an unusual transaction or series of transactions to confirm that you did in fact authorise the transaction/s.

Cards, PINs, passwords and Devices

Cards, PINs, passwords and Devices remain the property of the Bank. We will mail them to you unless reasons such as security prohibit us from doing so, in which case we will notify you of alternative arrangements. NetBank codes may be provided or selected online or over the phone. Telephone Banking passwords can be provided in branches or through 13 2221. To use your account, you must first activate your card(s) by calling 13 2221. You may establish additional logins in NetBank. Additional logins that allow transactions to be made on your account/s may only be used by you. You must not allow other people to use an additional login that allows transactions to be made on your account/s. Additional logins that do not allow transactions to be made on your account/s (known as 'view only access') may be established for other people.

To nominate a specific PIN, call into one of our branches. Our staff will be pleased to help. If you want any other people to be able to access your account using a card, we can issue them with cards and PINs, but you must ask us to do so in writing.

How do you cancel or stop a card, or other device?

You must tell us in writing if you wish to cancel a card or other device issued to another user.

You can also ask us to place a stop on your account, in which case you and any other user will not be able to make any further transactions on the account until you ask us to remove the stop.

Cancellation of a card or a stop will not take full effect immediately. You will continue to be liable for all transactions made using a card or other device at a time when any of our electronic transaction systems are unavailable, until you have taken all reasonable steps to have the card or other device returned to us.

Confidential and up-to-date information

We take all reasonable steps to ensure that the information available through electronic equipment is correct and updated regularly. We also try to protect your account information from unauthorised access during transmission through electronic equipment, but we will not otherwise be liable for any unauthorised access by any means to that information.

Electronic communication

If you access your account using our electronic banking facilities, then we may send you by electronic communication information required to be provided under the EFT Code unless prohibited by law.

With your agreement, we may give you notices and statements of your account electronically by making them available on our NetBank service and sending you an email at your last notified email address informing you that the notice of statement can now be retrieved from NetBank. To receive statements electronically you also must have registered to use NetBank to make transactions and tell us your email address.

We may have restrictions on the types of accounts or customers who can receive statements electronically. It may not be possible to receive statements electronically if you require multiple statements of the account.  

We will only give you a notice or statement electronically if you have specifically agreed to this, we agree and you have not withdrawn your consent.

Notices and statements given electronically are taken to be received on the day that the email enters the information system of your internet service provider or the host of your email address.

If for any reason we are unable to:

• provide an electronic statement or notice we may send you a paper statement or notice, or,
• deliver emails to your nominated email address we may cancel your election to receive statements electronically and may instead send paper statements and notices, to your nominated postal address.

Making e-banking transactions

Enter the correct information

When you or any other user make a transaction with electronic equipment it is your responsibility to tell us the correct amount you wish to pay or transfer, and the correct account to which you wish to have the payment or transfer credited. The account name of the recipient does not form part of your payment instructions and will not be used or checked by us in making your payment.

If you tell us to make a payment or transfer and after we have implemented your instructions you discover that:

 

The amount you told us to pay or transfer was less than the required amount.	You can make another payment or transfer to the recipient to make up the difference.
The amount you told us to pay or transfer was greater than the required amount.	You must contact the recipient* to obtain a refund (you cannot make any claim upon us).
The account you told us to make a payment or transfer to was incorrect.	You should attempt to contact the recipient to obtain a refund.^

* Refer to 'Conditions of use for BPAY (not available with Deal Direct)' for more information regarding BPAY payments.

^ If you do not know the recipient, or are unable to contact the recipient, you should contact the Bank and talk to a customer service officer. We will attempt to recover the payment or transfer on your behalf, however, recoveries are performed on a best endeavours basis (you cannot make any claim upon us).

Making a deposit with an ATM

We accept responsibility for the security of deposits lodged at our ATMs. The amount of the deposit is subject to later verification by us. Our count of the funds deposited is regarded as conclusive evidence of the actual amount. If we differ on the amount of the deposit, we will tell you of the discrepancy as soon as possible.

Scheduling future payments and transfers

With NetBank you can 'schedule' a payment or transfer by nominating a future date on which such a transaction is to be made (not available for Pensioner Security Account - passbook option, Passbook Savings Account, NetBank Saver Account, Savings Investment Account, and Business Online Saver).

You can cancel a scheduled transaction by telling us to do so before the payment or transfer cut-off time on the nominated day (refer to 'When are e-banking transactions processed?' for details). Otherwise, we will process the payment or transfer as originally instructed by you. Cancellations must be made via NetBank.

Daily limits for Electronic Banking

If you transfer funds through Telephone Banking or NetBank, the maximum amount that can be transferred per customer per day is:

• $99,999,999.99 to or from a linked statement account;
• $99,999.99 (or up to the available credit limit) to or from a linked credit card account.
• $25,000.00 (or up to the maximum balance) to your Commonwealth Bank Traveller's Cash card*.

* Not available through Telephone Banking

If you are registered for NetBank, the maximum amount that can be transferred per customer per day in the following ways using NetBank depends on the date you registered for NetBank. Please see the table below for the daily limits that apply:

 

If you registered for NetBank prior to 24 July 2006	If you register for NetBank from 24 July 2006
$2,000 for personal customers and $5,000 for business customers when transferring to a non-linked account (for example, another person's account or an account at another financial institution).*	$1,000 when transferring to a non-linked account (for example, another person's account or an account at another financial institution).*
$5,000 when transferring by International Money Transfers using NetBank. You need to activate the International Money Transfer service in NetBank by contacting the Bank on 13 2828 (24 hours a day, 7 days a week) before this limit applies.*	$5,000 when transferring by International Money Transfers using NetBank. You need to activate the International Money Transfer service in NetBank by contacting the Bank on 13 2828 (24 hours a day, 7 days a week) before this limit applies.*
$20,000 when making payments through BPAY using NetBank if your daily limit for transfers to third party (non-linked) accounts using NetBank is $2,000 or less, or, $100,000 when making payments through BPAY using NetBank if your daily limit for transfers to third party (non-linked) accounts using NetBank is $5,000 or more *.	$20,000 when making payments through BPAY using NetBank.*

* These are the default transaction limits and by contacting the Bank on 13 2828 (24 hours a day, 7 days a week), you can find out how your limit may be increased. You can also reduce your daily limit for transfers to third party (non-linked) accounts and BPAY online. Simply login to NetBank, go to the ‘My Info’ tab, and select ‘My NetBank limits’.

The daily limits applying to transfers to non linked accounts, International money transfers and BPAY using NetBank operate independently of each other. If you request a higher daily limit (or ask the Bank to activate the International money transfer service in NetBank) your liability for unauthorised transactions may increase. Minimum transaction amounts also apply. Please phone the NetBank Help Desk on 13 2828 (24 hours a day, 7 days a week) for details.

If you are selected by the Bank for Two Factor Authentication, or you choose to participate in Two Factor Authentication, but:

• you fail to participate in Two Factor Authentication by registering with us your NetCode Token within 30 days from the date we send it to you; or
• you subsequently advise us that you do not wish to participate in Two Factor Authentication;
• Unless the Bank advises you otherwise, your access to transfers to non-linked accounts, BPAY payments and International Money Transfers (if applicable), using NetBank, will be removed by the Bank.

If you deposit a cheque or other payment instrument to a passbook account, no transfers or BPAY payments (including transfers or payments of available funds) using electronic banking will be permitted for 3 business days from the date of the deposit.

Transfers to non linked accounts and transfers sent by International money transfer are not permitted from passbook accounts.

Cash withdrawals and purchases made through ATMs, EFTPOS, overseas using Maestro/Cirrus and Visa Plus networks, Post Offices and other agencies with electronic banking terminals, are subject to a daily withdrawal limit. Cards issued prior to 28 July 2008, have a default limit of $800.  Cards issued on or after this date have a default limit of $1000.  Withdrawals are also subject to the note denominations available. This limit is the total amount that can be withdrawn using a PIN from all accounts linked to a card in any one day. To request a higher daily withdrawal limit call 13 2221.

If you request a higher daily electronic banking withdrawal limit your liability for unauthorised transactions may increase.

Merchants, BPAY Billers and other financial institutions may impose other restrictions on transfers.

When are e-banking transactions processed?*

Transaction type	When transaction was made or scheduled to be made	When it may be processed
Electronic payment and transfer transactions	Before 3pm on a business day.	On the same day.
	After 3pm or on a non-business day.	On the next business day.
Scheduled transactions	Scheduled to occur on a business day.	On the nominated day.
	Scheduled to occur on a non-business day.	On the next business day.

* Proceeds of NetBank transfers - For security reasons we may place a hold on funds transferred through NetBank to your account from an unlinked Commonwealth Bank account. The hold may apply until the next business day (or if the transfer occurs on a non-business day or after 11 pm on a business day, until the second following business day) or longer if the Bank requires to investigate the transaction.

What happens if the electronic equipment does not work properly?

We take all reasonable steps to ensure that our electronic equipment functions properly during its usual operating hours. However, failures may occur and this has an impact on liability.

If…	Then…
The equipment accepts a user's instructions	We are liable to you for any loss caused by a transaction that is not completed in accordance with those instructions.
The equipment does not accept a user's instructions or a user's card and/or PIN fails to activate the equipment	We are not liable to you.
A user is aware at the time of use that the equipment is not functioning properly	Our liability to you is limited to correcting any wrong entry in your account. We will refund any charges and fees debited to your account as a result of the wrong entry.

You do not lose any protection that we give you under these Terms and Conditions when you (or any other user) use your card, PIN or password in electronic equipment that is not owned by us.

Disputes

What if you have a complaint?

We aim to provide excellent customer service. If you think we have failed, you should let us know promptly so that we can try and put things right. Also, by telling us where you think we have failed, we will be able to provide you a better service in the future. To assist you, we offer free internal and external avenues to deal with your concerns.

What you should do if you want to make a complaint or dispute our decision

Prepare your complaint
Is the problem about general banking or Electronic Banking? Get all your supporting documents ready. Decide what you want us to do.

Make your complaint
Let us know by lodging your complaint at either a branch (preferably where you have your account) or by calling 13 2221 (24 hours a day, 7 days a week). Our staff will fully review the situation and, if possible, try to resolve it straight away.

Not happy with the outcome?
Please contact our Customer Relations Team if your complaint has not been resolved to your satisfaction (refer to 'Where to get help' for contact details). We will provide contact details of the officer dealing with your complaint. We aim to resolve the matter within about four days. However, some complex matters might take longer. We will keep you informed of our progress.

For Electronic Banking, our Customer Relations Team will provide you with a complaints form, which you should complete and return to us.

We will acknowledge your complaint, investigate and report back to you within 3 weeks. We may ask for more time, but we will keep you informed of the reasons for the delay. Unless there are exceptional circumstances, in which case we will write to let you know, we will complete our investigation within 45 days of receipt of the complaint.

If we are unable to resolve a complaint within 45 days we will inform you of the reasons for the delay, and provide you with monthly updates on the progress with the complaint and specify a date when a decision can be reasonably expected, unless we are waiting for a response from you and you have been advised that we require the response.

BPAY

• If we conclude that your account has been incorrectly debited or credited, we will, where appropriate, adjust your account (including any interest and charges) and let you know in writing of the amount with which your account has been debited or credited.
• If we find that your account has been correctly debited or credited or, in the case of unauthorised transaction, that you are liable for the loss or part of the loss, we will give you copies of any document and/or other evidence on which we based our finding.

If any BPAY payment was made as a result of a mistake by you and, after 20 business days we are unable to recover the payment from the Biller or any other person who received it, you must pay us that amount. You should then pursue the matter with the biller or the person receiving the payment.

We are not liable if any retailer refuses to accept a card, PIN, password or other code.

Note: On completion of our investigation we will write to you telling you of the outcome of the investigation, our reasons for the outcome, including the provisions of the Terms and Conditions that we considered during our investigations.

If you are not satisfied with our decision you may ask us to have our senior management review the matter. If we fail to make the proper allocation of liability or we fail to keep to the complaint investigation and resolution procedures set out in this brochure or we fail to communicate the reasons for our decisions and our failure harms the outcome of your complaint or results in unreasonable delay in its resolution, we will accept liability for the full amount of the transaction which is the subject of your complaint.

If you wish to dispute our decision, you may contact the Ombudsman

If you are not satisfied with the decision of our Customer Relations Department or if more than 90 days have elapsed since you contacted Customer Relations, you may contact the Banking and Financial Services Ombudsman. The Banking and Financial Services Ombudsman is an impartial, independent and free alternative dispute resolution scheme for disputants. Please refer to 'Where to get help' for contact details.

No claim to the Ombudsman is possible if:

• the matter involves an amount of more than $280,000; or
• the matter is a commercial decision by the Bank, such as whether a loan is approved; or
• the matter is about the Bank's general policy or practice, such as the level of interest rates or fees.

Disputes with other parties

We are not liable if any retailer refuses to accept a card, PIN, password or other code.

Unless required by law, we are not responsible for the goods and services a retailer supplies to the user. If the user has any disputes, they must be resolved with the retailer. We are also not responsible for complaints with respect to the goods and services a retailer supplies to the user if incorrect charging occurred.

You must ensure that you enter the correct amount in the electronic equipment before authorising the transaction. You should pursue any disputes over incorrect charging with the retailer.

Safeguarding your account against unauthorised access

Access methods comprise the keys to your EFT account. You must do everything you reasonably can to protect all means of access to your account. That means making sure your cards, PINs, passwords and other codes are not misused, lost or stolen.

You may suffer loss if you don't sufficiently safeguard your cards, Client Numbers, PINs, passwords or other codes.

If you use VoIP, please refer to 'Using VoIP' for more information.

You must report the loss, theft or misuse of a card, PIN, password, Client Number or Device (including NetCode Tokens).

 

Scenario	What to do	What we will do
Your card, PIN, password, Client Number or Device may have been lost or stolen.	Tell us as soon as you become aware. You may suffer loss if you don't tell us. Call our hotline numbers listed in Where to Get Help or visit any branch.	If you report the event, we will give you a number that you should keep as evidence of the date and time that you reported the misuse, loss or theft. We will be liable for all losses incurred after you tell us.
You suspect that someone has knowledge of your or any user's PIN, password or other codes.
There has been unauthorised access to your account.

Even if you are confident that codes are secure you must tell us as soon as you become aware of the loss or theft of an access method or of any unauthorised access to your account(s).

What happens if I don't report loss, theft or misuse?

If it can be shown that you unreasonably delayed telling us of the loss, theft or misuse of a card, PIN, password, Client Number or other codes, or Device, then you will be liable for unauthorised transactions that occur on your account.  

We do not hold you liable for any unauthorised transactions that could have been stopped if the Bank's hotline facilities weren't available at the time you tried to report the loss, theft or misuse.

However, you should visit or telephone one of our open branches as soon as possible.

Ensuring the security of your cards, PINs, passwords, Client Numbers or other codes or Devices

If we believe a card, PIN, password, other code or device is being used in a way that may cause losses to you or us, we may cancel or withhold its use at any time, without notice.

Before using a Keycard that hasn’t been used for 12 months or more, you should contact us to ensure it is still activated.

Safeguarding your cards and Devices (including Netcode Tokens)

 

Always...	Never...
Sign cards immediately upon receipt Destroy cards when they reach their expiry date or when they are no longer valid Return cards and Devices to us upon request Carry cards and Devices whenever possible and regularly check they are still in your possession Remember to take your card, cash and transaction record with you when a transaction is completed.	Keep cards and PIN records anywhere near each other e.g. in a briefcase, bag, wallet or purse Leave cards and Devices in a car Keep cards or other Devices and PIN records in one item of furniture, even if in different compartments (e.g. different drawers of the same bedroom dresser).

Safeguarding your PINs, passwords or other codes

 

Always...

Never...

Memorise a PIN, password or other code* as soon as possible or disguise any PIN or password that is recorded so that others will not be able to decipher it^. Destroy PIN, password or other code notifications as soon as possible after receiving them or if a user nominates a specific PIN, password or other code, it must not be an obvious word or number (such as a date of birth, middle name, family member's name or driver's licence number) or one which is easily guessed. Take precautions when using e-banking e.g. be ready to make the transaction when you approach the electronic equipment and never let anyone watch you enter your PIN, password or other code. Check the location of mirrors, security cameras or any other means of observing PIN, password or other code entry and then shield it from anyone.

Tell or let anyone find out a PIN, password or other code - not even family or friends. Record a PIN, password or other code (disguised or not) on a card or computer. Keep a record of a PIN, password or other code in a situation where, if a thief finds a card or code they will also find the record of the PIN or password.

* Excluding NetCode

^ We will not consider that a reasonable attempt has been made to disguise a PIN, password or other code if it is recorded in reverse order; in an easily understood code, e.g. A=1, B=2; as a "phone" number where no other phone numbers are recorded or as a four digit number, prefixed by a telephone area code; as a "date" (e.g. 9/6/63) where no other dates are recorded; as a series of numbers or words with any of them marked, circled or in some way highlighted to indicate the PIN, password or other code; as an obvious word or number or one that can be found in a purse or wallet.

Liability for transactions

Generally speaking you are liable for any losses arising from the acts and omissions of all users.

This includes you and any person authorised by you to carry out EFT transactions on your account. You will be liable for:

• transactions carried out by you or with your knowledge and consent;
• transactions carried out by any other user, unless you have told us to cancel that user's PIN, password or other code, and you have taken all reasonable steps to have the card or other Device returned to us; and
• unauthorised transactions if you or any other user have not made a reasonable attempt to disguise or prevent unauthorised access to a PIN, password or other code.

Unauthorised transactions

An unauthorised transaction is one which is not authorised by a user, for example a transaction which is carried out by someone besides you or another user without your knowledge and consent.

The EFT Code determines your liability for losses resulting from unauthorised transactions. We have reflected the relevant EFT Code provisions in the following sections.

When you will not be liable for loss due to unauthorised transactions:

You will not be responsible for any loss resulting from an unauthorised transaction if any of the following apply:

• it is clear a user did not contribute to the loss in some way;
• the loss arises after you notify us that any card or other device used to access the account has been misused, lost or stolen or that the security of a PIN, password or other code used to access the account has been breached;
• the loss was due to fraud or negligent conduct by any of our employees or agents or the employees or agents of any person (including merchants) involved in the Electronic Funds Transfer network;
• the loss occurs because any component of an access method was forged, faulty, expired or cancelled;
• the loss results from a transaction which occurred prior to you or another user receiving a device or code required to access the account;
• the same transaction was incorrectly debited more than once to your account; or
• the loss results from any conduct expressly authorised by us (provided any conditions imposed have been met).

When you will be liable for loss due to unauthorised transactions:

Where we can prove on the balance of probability that you contributed to the loss, you will be responsible for losses resulting from unauthorised transactions (refer to 'Safeguarding against unauthorised access to your account' for details) in the following scenarios. See table below.

 

Scenario	What you will be liable for
The losses occur before you notify us that a card or other device used to access the account has been misused, lost or stolen or that the security of a PIN, password or other code used to access the account has been breached as a result of: fraud by any user; any user voluntarily disclosing their PIN, password or other code; any user recording or otherwise indicating one or more PIN, password or other codes on the outside of a card or other device; any user keeping a record of one or more PIN, password or other codes (without making any reasonable attempt to protect their security) on one article or on several articles which are kept with a card or other device or which could be lost or stolen at the same time as the card or other device; any user keeping a record of PINs, passwords or other codes (without making any reasonable attempt to protect their security) which may be used without a card or other device, on one article or on several articles which could be lost or stolen at the same time; any user selecting or changing any of their PINs, passwords or other codes to one which represents their date of birth or a recognisable part of their name, despite us specifically instructing the user not to do so and bringing to their attention the consequences of their doing so; or a user acting with extreme carelessness in failing to protect the security of all their PINs, passwords or other codes.	The actual losses which occur before you notify us that: the card or other device used to access the account has been misused, lost or stolen; or the security of the PIN, password or other code used to access the account has been breached, but only if such breach was the dominant cause of the loss.
The losses result from your unreasonable delay in notifying us after you become aware of the misuse, loss or theft of a card or other device used to access an account or that the security of all the PINs, passwords or other codes used to access an account have been breached.	The actual losses which occur between when you become aware (or should reasonably have become aware in the case of a lost or stolen card or device) and when you notify us.

Limits on your liability for losses

Even if losses occur in the previous scenarios you will not be liable for:

• that portion of any money that has been withdrawn from your account in any one day which is more than the applicable daily transaction limits;
• that portion of any money that has been withdrawn from your account in a period which is more than any other applicable periodic transaction limits;
• that portion of any money that has been withdrawn from your account which exceeds the balance of that account (including any pre-arranged credit) when the transaction occurs; and
• that portion of any money that has been withdrawn from an account which we had not agreed with you could be accessed using the access method.

If a PIN, password or other code was needed to perform the unauthorised transactions and none of the circumstances above apply (that is, it cannot be proven on the balance of probability whether or not you contributed to the loss) you will be liable for the lesser of:

(i) $150;

(ii) the balance of those account(s) (including any prearranged credit) from which funds were transferred in the unauthorised transactions and which we had agreed with you may be accessed using the access method; or

(iii) the actual loss at the time you notify us (where relevant) that the card or other device has been misused, lost or stolen or that the security of the PIN, password or other codes has been breached (excluding that portion of any money lost on any one day that is more than the applicable daily transaction or other periodic transaction limits).

When we may reduce your liability

Where you allege that a transaction is unauthorised and we have not placed a reasonable daily or periodic transaction limit, either we or an external dispute resolution body may decide to reduce your liability having regard to:

• whether the security and reliability of the means used by us to verify that the relevant transaction was authorised by you adequately protected you from losses in the absence of reasonable daily or other periodic transaction limits protection; and
• if the unauthorised transaction was a funds transfer that involved drawing on a line of credit accessible by the card, PIN, password or other code needed to perform the transaction (including drawing on repayments made to a loan account), whether at the time of making the line of credit accessible by the card, PIN, password or other code, we have taken reasonable steps to warn you of the risk of the card, PIN, password or other code being used to make unauthorised transactions on that line of credit.

Conditions of use for BPAY (not available with Deal Direct)

BPAY (Bill Payment) lets you pay most bills over the telephone (Telephone Banking) or with NetBank. To register to use BPAY you must first establish a password for Telephone Banking or register with NetBank. (Refer to 'Meaning of Words'). Please note that Youthsaver customers cannot use BPAY over the phone and NetBank Saver customers and Business Online Saver customers can not use BPAY.

What to give us when you make a BPAY transaction

You will need to provide the following accurate information so that we can process a BPAY payment.

 

Biller code (printed on your bill near the BPAY logo)
Customer reference number (printed on your bill near the BPAY logo)
Details of the account from which you wish to make the payment
Amount of the payment to be made
Date on which the payment is to be made (only if the user is scheduling a future payment with NetBank)

What happens if I enter incorrect information?

You must be careful to tell us the correct amount to be paid. If you tell us to make a payment and later you discover that:

• an amount was not paid in accordance with your instructions - then you should call 13 2221 and talk to a customer service officer;
• the amount you told us to pay was less than the required amount - then you can make another BPAY payment to the Biller to make up the difference;
• the amount you told us to pay was more than the required amount - then you should call 13 2221 and talk to a customer service officer. We will attempt to recover the overpayment on your behalf, however, recoveries are performed on a best endeavours basis and if we are unsuccessful, you will need to ask for a refund from the payment recipient; or
• the account, Biller code or customer reference number was incorrect - then you should call 13 2221 and talk to a customer service officer.

When do we process your BPAY transaction?

We will carry out your BPAY instructions either immediately or, in the case of a scheduled payment or transfer, on the specified date(s). However, if the payment date is a non-business day the debit will appear on your statement as at the next business day. Scheduled transfers through BPAY and NetBank are not possible for Pensioner Security Account (passbook option), Passbook Savings Account, NetBank Saver Account and Savings Investment Account.

Can I cancel a BPAY transaction?

We cannot stop any BPAY transaction once you have entered the relevant data.

What happens if a Biller cannot process a BPAY payment?

If we are advised that a BPAY payment cannot be processed by a Biller, we will advise the user of this and credit your account with the amount of the BPAY payment. We will also assist the user to make a valid BPAY payment.

What you agree to when using BPAY View - (not available with Deal Direct)

BPAY View lets you receive some bills electronically instead of by mail. You can view and then pay these bills using NetBank. (Refer to 'Where to get help') for details on how to register to use BPAY View. You must tell us if your contact details (including email address) change.

 

You agree to…	That means you…
Receive bills and statements electronically	Agree that any electronic bill or statement you receive using BPAY View satisfies any legal obligations a Biller has to provide you with bills and statements.
Access BPAY View regularly to receive your electronic bills and statements	Agree to check your emails and/or our NetBank website at least weekly; Agree to ensure your mailbox can receive email notifications (e.g. it has sufficient storage space available); Agree to tell us if you or any user is unable to access your email, our NetBank website or a link to a bill or statement for any reason; Agree that a bill or statement is deemed to have been received by you if a notification that you have a bill or statement is sent to your server at the email address nominated by you, whether or not you choose to access your email; or a notification that you have a bill or statement is posted on our NetBank website, whether or not you choose to access our NetBank website; and Agree that a bill or statement will not be deemed to have been received by you if we receive notification that: your mailbox is full; or you cannot receive an email notification; or an email notification to you is returned to us undelivered.
Disclose personal and transactional information as needed to facilitate the BPAY View process	Agree to disclose any personal information (e.g. your name, email address and the fact that you are our customer) that is needed to enable Billers to verify that you have registered to receive bills and statements electronically using BPAY View or have cancelled your BPAY View registration; Agree to disclose any of your transactional information that is needed to process your BPAY Payments and any user's use of BPAY View; Agree to allow data to be collected by us or your nominated Biller(s) about whether you access your emails, our NetBank website and any link to a bill or statement; Agree to notify us of any changes to your personal information; Agree to disclose any updates to your personal information to all other participants in the BPAY Scheme referred to underneath this table, as necessary; and Agree to disclose to a Biller that an event (refer to 'Receiving paper bills and statements instead of electronic ones') has occurred.

Personal and transactional information will only be disclosed to:
the Bank; BPAY Pty Ltd; the Billers nominated by you; these Billers' financial institutions; any agent appointed by BPAY Pty Ltd to provide the electronic systems needed to implement the BPAY Scheme (e.g. Cardlink Services Limited). The Bank does not store the personal information you provide to register with BPAY View with a particular Biller. You can request access to your personal and transactional information held by the Bank, BPAY Pty Ltd or its agent, Cardlink Services Limited.

Availability of electronic statements and bills

Except as expressly provided for in the Terms and Conditions in this section, we accept no responsibility to arrange for or ensure that any Biller with whom you register to receive bills and statements using BPAY View actually makes those bills or statements available to you.  

If you fail to receive bills and statements from a Biller or the bill or statement is not available to be viewed using BPAY View, you must contact the applicable Biller to obtain a paper bill or statement.

Suspending or cancelling BPAY View

We reserve the right at any time and for any reason to:

• suspend or cancel use of BPAY View entirely or in relation to a particular Biller; and
• suspend or cancel your registration to use BPAY View

without notice to you although we will take all reasonable steps to notify you of such suspension or cancellation.

Using NetBank to store and delete bills and statements

Unless you delete the bills and statements delivered to you through our NetBank website, they remain accessible for a period determined by the Biller (up to 18 months). After this set period they will be deleted, whether they have been paid or not.  

The maximum number of bills and statements available to you through our NetBank website is 150. If you reach this number and a new bill or statement is delivered to you, the oldest bill (according to the time of delivery) will be deleted by us.

What happens if there is a problem with BPAY View?

If, as a result of an act or omission by you or any user or the malfunction, failure or incompatibility of computer equipment you are using at any time to participate in BPAY View, a bill or statement is:

• not delivered to you on time or at all (other than because you failed to view an available bill);
• delivered to the wrong person;
• delivered with incorrect details; or
• delivered to you after you have unsuccessfully attempted to deregister from using BPAY View

You must contact the applicable Biller to advise them of the error and if applicable obtain a correct paper bill or statement as soon as you become aware of the error.

You are responsible for any charges or interest which are payable to the Biller due to any late payment as a consequence of such error. Please contact the Biller directly if you have any queries in relation to bills or statements.

Receiving paper bills and statements instead of electronic ones

You may receive from the applicable Biller paper bills and statements instead of electronic bills and statements, although the Biller may charge a fee where you request a paper bill in addition to an electronic version.  

Unless we are also the applicable Biller, we accept no liability to provide you with a paper bill or statement in any of the following circumstances:

a. if you or the Biller deregister from BPAY View;

b. if we receive notification that your mailbox is full or that you cannot receive any email notification of a bill or statement;

c. if our email to you is returned to us undelivered, e.g. your email address is incorrect or cannot be found;

d. if we are aware that you are unable to access your email or our NetBank website or a link to a bill or statement for any reason; or

e. if any function necessary to facilitate BPAY View malfunctions or is not available for any reason for longer than the period specified by the applicable Biller.

However, we will take all reasonable steps to advise the applicable Biller of the circumstances, unless the Biller already knows about them. 

We may disclose that the above circumstances have occurred to the institutions listed (refer to 'Personal and transactional information').

Changes to Terms and Conditions for Electronic Banking

Our obligation to give you advance notice as specified below does not apply if changes are required in an emergency to restore or maintain the security of our electronic banking systems or individual accounts.

Change	Minimum number of days' notice	Method of notice
Introduce or increase a fee or charge relating solely to the use of or the issue of any additional or replacement cards, PINs, passwords or other codes used to access your account.	30 days	In writing* unless we cannot locate you.
Increase your liability for losses relating to transactions using a card, PIN, password or other code (subject to the liability limits established in these terms and conditions).	30 days	In writing* unless we cannot locate you.
Introduce, remove or adjust the daily transaction limit or other periodical transaction limits applying to the use of your card, PIN, password, other code, an account or electronic equipment.	30 days	In writing* unless we cannot locate you.
Any other change.	Before the day of the change	In writing* or by advertisement in the national or local media.

* If we agree to provide you with statements and notice electronically, we may provide the notice electronically on our NetBank service and send to your nominated email address an email notification that the notice can be retrieved from NetBank.

If there are a lot of important or a sufficient number of cumulative changes, we will issue a new brochure setting out all the changes made to the Terms and Conditions in this brochure.

We will also give you notice of the variation with an account statement (as applicable).

Protecting your personal information

When you open an account with us you must provide us with accurate and complete information. If you don't, we may not be able to provide you with products or services that best suit your needs. The privacy of your personal information such as your full name, address and contact details is important to us. Confidentiality arrangements apply in all circumstances where the Bank's contractors, agents and outsourced service providers become aware of personal information. Such information may only be used by the Bank's agents, contractors and outsourced service providers for the Bank's purposes. We comply with the National Privacy Principles as incorporated into the Privacy Act.

Access to your information

Subject to permitted exceptions, you may access your information. An access charge may apply, but not to the request itself. The charge is for the time we spend on locating, collating and explaining the information you request (generally based on a rate of $60 per hour or part thereof) plus any photocopying costs and out of pocket expenses (such as freight and travelling costs). Please feel free to contact Customer Relations at Commonwealth Bank Group, Reply Paid 41 Sydney NSW 2001, or Freecall 1800 805 605 for further details.

To find out more about our privacy and information handling practices, please refer to our Privacy Policy Statement available at commbank.com.au or upon request from any branch of the Bank.

Why the Bank collects or may disclose personal information 

 

Collecting information
So that we can provide customer service	Manage customer relationships and provide customers with products and services on request, as well as information on products and services offered by the Commonwealth Bank Group, affiliated providers, and external providers for whom we act as agent. If we have your email or mobile phone details, we may provide information to you on those products and services electronically.
To manage our business relationships	Manage customer relationships and provide customers with products and services on request, as well as information on products and services offered by the Commonwealth Bank Group, affiliated product/service providers, and external product service providers for whom we act as agent. If we have your email or mobile phone details, we may provide information to you on those products and services electronically.
The law requires us to	For example, Commonwealth legislation requires us to identify persons who open or operate accounts.
To protect you and us against fraud	We may take steps to ensure that the identification you provided matches eg records held by the Registry of Births, Deaths and Marriages to protect against impersonation. We may also need to verify with an employer that information you provided in an application for credit is accurate.

 

 

Disclosing information
Overseas staff of the Commonwealth Bank Group	Your personal information may be accessed by our Commonwealth Bank Group staff in other countries if that becomes necessary for transactional reasons or to enhance our relationship with you.
Brokers and others	Your personal information may be disclosed to these people if they refer your business to the Bank.
Any person acting on your behalf	These may include your financial adviser, solicitor, settlement agent, accountant, executor, administrator, trustee, guardian or attorney.
Organisations	We may disclose your information if we use organisations (including overseas organisations) to perform certain functions for us.
Other financial institutions	Some financial institutions and organisations may request information about you if you seek credit from them.
By law	We may be allowed or obliged to disclose information by law, e.g. under Court Orders or Statutory Notices pursuant to taxation or social security laws.
Other members of the Commonwealth Bank Group	We may disclose personal information to other members of the Commonwealth Bank Group. This enables the Group to have an integrated view of its customers and facilitate the integrated treatment of its customers, and to enable other members of the Commonwealth Bank Group to provide you with information on their products and services.
Overseas	We may send personal information overseas if that is necessary to complete a transaction or we outsource certain functions overseas.

Fees and Charges

Transaction Fees for Personal Accounts	Fees that you pay when you withdraw funds electronically from personal transaction accounts.
Transaction Fees for Business Accounts	Fees that you pay when you withdraw funds electronically from business transaction accounts.
Transaction Fees for Personal Loans	Fees that you pay when you withdraw funds from personal loan accounts.
Transaction Fees for Home Loans	Fees that you pay when you withdraw funds from home loan accounts.
NetBank Service fees	Fees that may be charged for some NetBank services.
Business Plan	An optional Fee Plan for NetBank business customers.
Government Charges	Governments may levy different types of charges on your account.

Transaction Fees for Personal Accounts

Please refer to the Transaction, Savings and Investment Accounts General Information and Terms and Conditions brochure for the fees and charges relating to the following personal accounts:

• Streamline Account;
• Pensioner Security Account;
• Savings Investment Account (no longer available for sale),
• Youthsaver Account;
• NetBank Saver Account;
• AwardSaver Account;
• Cash Investment Account;
• Passbook Savings Account (no longer available for sale);
• High Performance Cash Account (no longer available for sale); and
• Cash Management Call Account (no longer available for sale).

The Transaction, Savings and Investment Accounts General Information and Terms and Conditions brochure can be obtained by calling 13 2221, visiting your local Commonwealth Bank branch or visit our website commbank.com.au.

Transaction Fees for Business Accounts

Please refer to the Business Cheque and Savings Accounts General Information and Terms and Conditions brochure for the fees and charges relating to the following business accounts:

• Standard Business Cheque Account (interest bearing and non-interest bearing option);
• Premium Business Cheque Account;
• Society Business Cheque Account; and
• Business Online Saver Account.

The Business Cheque and Savings Accounts General Information and Terms and Conditions brochure can be obtained by calling 13 1998, visiting your local Commonwealth Bank branch or visit our website commbank.com.au.

Transaction Fees for Personal Loans

 

Name of Fee and Description	Amount of fee to account?	When fee is charged
Repayment Redraw Fee (Variable Rate Personal Loans only) The Repayment Redraw Fee is payable on each drawing made under the Repayment Redraw Facility	$0.00 if the withdrawal is processed electronically (NetBank service fees may apply) $10.00 if the withdrawal is processed via any Commonwealth Bank branch	The fee is charged to the account at the time of the withdrawal or enquiry
Recent Transaction Listing Fee A Recent Transaction Listing Fee is charged for each recent transaction list issued by a Commonwealth Bank Automatic Teller Machine	AUD$0.50 each
Access Fee An access fee is charged for each withdrawal (including a redraw under the Repayment Redraw Facility of a Personal Loan) or account balance enquiry you make through the automatic teller machines of other financial institutions that the Bank has made arrangements with in Australia, ASB Bank in New Zealand, PT Bank Commonwealth in Indonesia and Commonwealth Bank in Vietnam^. An access fee is charged for each withdrawal (including a redraw under the Repayment Redraw Facility of a Personal Loan) or account balance enquiry made overseas through the Maestro and Cirrus or Visa Plus networks of electronic terminals that attract the fees applying to those services.	AUD$2.00 Maestro EFTPOS transaction AUD$1.00 plus 2.00% of the transaction value* Cirrus or Visa Plus ATM balance enquiry AUD$2.00 VISA Plus ATM cash withdrawal AUD$5.00 plus 2.00% of the transaction value* Cirrus ATM cash withdrawal AUD$5.00 plus 2.00% of the transaction value*

* Includes fees imposed on us by VISA or MasterCard - VISA (1.00% of transaction value) and MasterCard (1.00% of transaction value).

^ Commonwealth Bank ATMs in Vietnam are expected to be available from March 2008. Call 13 2221 to confirm before heading overseas.

No fee is charged for any transaction that fails, either as a result of customer or network error.

For Foreign Currency Transactions

Visa International (VISA) converts purchases and withdrawals in foreign currencies into Australian dollar equivalents at the rates set by Visa on the day Visa processes the purchases or withdrawals. MasterCard International Incorporated (MasterCard) converts purchases and withdrawals in United States dollars into Australian dollar equivalents, and converts purchases and withdrawals in other foreign currencies into United States dollar equivalents and then into Australian dollar equivalents, at the rates set by MasterCard on the day MasterCard processes the purchases or withdrawals.

Withdrawals made at the ATMs of ASB Bank in New Zealand and Commonwealth Bank in Vietnam are converted by the Commonwealth Bank into Australian dollar equivalents at a rate set by us on the day the transaction is processed. Withdrawals made at the ATMs of the PT Bank Commonwealth in Indonesia are converted into Australian dollar equivalents by PT Bank Commonwealth at a rate set by them on the day the transaction is processed.

Transaction Fees for Home Loans, Investment Home Loans, Viridian Line of Credit, Line of Credit and Mortgage Interest Saver Accounts (MISA)