Term Deposits offer a fixed rate of return over a fixed period of investment. At the end of that period, you have a range of options for what to do with your money.
So that there's time to make a plan, you can now access up-to-date information about your Term Deposit on the CommBank app, enabling an informed decision when it matures.
It's a better way of ensuring your money is always working for you.
To help you avoid late payment fees, we'll send you a reminder 3 days before your personal credit card payment is due if you haven't made a minimum monthly payment yet.
It's a simple feature that helps you better manage your finances.
ICAN is a not-for-profit organisation that provides consumer education, advocacy and financial counselling services to Indigenous communities. We've teamed up with them to extend this assistance to more remote areas.
We facilitate a mentorship and scholarship program for Indigenous Australians undertaking a Diploma of Financial Counselling. As a result of the partnership, since 2016 the number of qualified Indigenous financial counsellors in Australia has more than tripled.
CommBank has been a proud supporter of The Clown Doctors since 1999. Today they are the recipients of our National Grant – the largest of the Community Grants awarded by our people. It includes $400,000 a year for three years, plus support for a major annual fundraiser.
This allows these professionals to keep lifting the spirits of children and their families in hospitals around the country, by running ‘Clown Rounds’ that deliver fun and a welcome distraction.
Partnering with Queensland Airports Ltd - which owns and operates airports in the Gold Coast, Townsville, Mount Isa and Longreach - we've provided a tailored finance solution called a Sustainability Linked Loan.
Two performance metrics are set as KPIs for the reduction of carbon emissions. If these targets are met, the interest rate is lowered.
This unique approach incentivises improved environmental performance.
Community Grants is our Workplace Giving initiative that has awarded more than $20 million towards youth programs in Australia since 2007. Over 13,500 employees make fortnightly contributions, with CommBank adding an employer donation of $2 million each year.
With the help of our people over the years, 1,730 organisations have been able to continue creating better outcomes for young Australians.
Cricket Australia's Growing Cricket for Girls Fund ensures that more girls can learn about and participate in one of our nation's favourite sports.
That's why we're very proud to be the fund's principal partner. This complements our longstanding investment in the Australian Women's Cricket Team.
It's grassroots cricket made better.
Start Smart is our award-winning program that gives students in schools across Australia the confidence and skills to make smarter decisions about money.
Founded in 2007, these educational workshops are conducted by world-class facilitators, reaching more than 500,000 students each year. This makes Start Smart the largest in-school financial education program of its kind in the world.
It's one of the ways we help create a better future for the next generation.
We have over 400,000 loyal customers who do their everyday banking using passbooks - paper booklets used to record transactions.
We've thought about simplifying the products and services we offer, and we're always available to help these customers transition from the passbook if they wish.
However, by listening to them, we've learned how important it is to keep this option open. So we're making a commitment to provide ongoing support to existing passbook holders.
If you're one of them, rest assured that you can continue to bank the way you know and trust.
Our fraud protection team are constantly monitoring accounts for unauthorised activity. And card security is a priority: if we find or are notified that your card details are compromised and being used to perform unauthorised transactions, we’ll be in touch.
Alternatively you have the option of contacting us for more information.
Protects you from unauthorised transactions on personal and business accounts, when you protect how you access your accounts and tell us if something is wrong.
We spend a lot of time online these days, and it's not without its risks. To help you protect yourself against people trying to access your details, we're running free sessions at selected branches designed to educate you on how to stay safe.
Sessions include information on identifying scam emails, accessing your online banking securely, monitoring your transaction history and more. See if there is a seminar near you.
The Cool, Calm and Connected e-learning suite has been designed to help you train yourself and your staff on making better, safer decisions online.
Key topics include passphrase security, security on the move, email security and shopping and banking. These valuable resources are conveniently available via a mobile app.
We're making Australia's #1 banking app, the CommBank app even better by introducing new ways to improve your financial wellbeing.
We’ve introduced Goal Tracker into the CommBank app, to help you set and reach your savings goals with your Goal Saver or NetBank Saver account.1
It enables you to set up automatic payments so you never miss your weekly targets, and can top up your goal when it suits you.
It can also send you a nudge when you need it – when you’re cashed up after payday and can top up your goal.
Or, as a reminder if you’re falling behind.
We’ve introduced a feature into the CommBank app called Cash Flow View, which gives you a total view of all your eligible accounts.
This consolidated view of all your monthly income, spending and savings gives you a perspective which can help you see ways to improve your financial position.
Spend Tracker categorises transactions, making it easier to see exactly how you’re spending your money each month.
This view of your spending habits enables you to keep a closer eye on certain categories, so you can adjust your spending and plan ahead, giving you more control over your finances.
Since introducing Smart Alerts, we’ve sent over two million Australians an alert to help them avoid unnecessary fees.
These alerts notify customers2 that their account is overdrawn, allowing them to bring their account back into credit by midnight Sydney/Melbourne time to avoid overdraw fees and interest charges that may apply.
And, they can choose to turn these notifications on or off any time in NetBank or the CommBank app.
What you need first:
How to set an Emergency Savings Goal:
We understand that in business, time is money. And that knowing exactly where you stand at any given moment enables you to make quicker, smarter decisions. That’s why we offer Business Smart Alerts.
We’ll send you a notification if your account hits a predetermined low or high balance, or when payment comes in. However you do business, this real-time information helps you to manage your cash flow and keep moving forward.
With over 700 million users, Alipay is China’s largest mobile payment platform. We’ve added it to our Albert merchant terminals, giving customers visiting from China an easy and convenient way to pay.
Because Alipay uses an end-to-end marketing platform to influence Chinese tourists when they’re planning their trip, before store entry and making decisions in store, it can help you attract new customers.
We've established a Business Financial Assistance team who'll help get your small business back on track if you experience financial difficulty.
This is a dedicated team of specialists who will work with you and your business to understand your situation and help try to find the best possible solution. Keeping you, and Australian business, moving forward.
Contact your Relationship Manager or call Business Financial Assistance on 13 26 07.
We’re supporting farmers affected by drought or other natural disasters by removing default interest charges from Business Term Loans.
Business customers across Australia use CommBiz Security Tokens and NetLock devices to give them additional layers of protection for their accounts.
And because you can’t put a price on this sort of security, we’ve made them free.
1 Account must be in your name only.
2 Eligible personal accounts only.
The Forrester Banking Wave^TM^: Australian Mobile Apps, Q2 2019.
Commonwealth Bank of Australia received the highest Industry Wave(TM) overall score among mobile apps in Australia in Forrester's proprietary Industry Wave(TM) evaluation.
Forrester does not endorse any company included in any Industry Wave(TM) report and does not advise any person or organization to select the products or services of any particular company based on the ratings included in such reports.