Australian families can unlock more of their hard-earned pay and grow their wealth through a new agreement between the Commonwealth Bank and Smartgroup.

From today, Smartgroup's customers will be able to gain access to CommBank’s products and special promotional offers, beginning with 10 free trades on the CommSec platform. This agreement helps Australians get more from their pay by equipping them with financial tools and benefits.

“As many Australians grapple with cost-of-living pressures, having access to more of your salary can make a meaningful difference. This is why we’re proud of our new agreement with Smartgroup to support working Australians with access to our products and financial tools, starting with this special offer from CommSec,” said Commonwealth Bank's Group Executive for Business Banking, Mike Vacy-Lyle.

Smartgroup provides salary packaging services to over 1.5 million Australians through their employers. They empower more Australians daily to access their income through smart benefits.

"The agreement is a shared commitment to empowering Australians with accessible financial solutions and Smartgroup customers with more benefits. Customers can start benefiting from these offers immediately. Smartgroup is about empowering Australians to unlock more of their pay through salary packaging and smart benefits," said Chief Executive Officer and Managing Director of Smartgroup Scott Wharton.

"This is the beginning of an exciting collaboration between Smartgroup and Commbank that will give our customers more benefits and Australians more options to drive value from their income,” Mr Wharton added. 

Go to CBA Newsroom for the latest news and announcements from Commonwealth Bank.

Things you should know

  • Media releases are prepared without considering an individual reader’s objectives, financial situation or needs. Readers should consider the appropriateness to their circumstances. Visit Important Information to access Product Disclosure Statements or Terms and Conditions which are currently available electronically for products of the Commonwealth Bank Group, along with the relevant Financial Services Guide. Target Market Determinations are available here. Loan applications are subject to credit approval. Interest rates are correct at the time they are published and are subject to change. Fees and charges may apply.