Help & support
If you need help establishing an SMSF, consider speaking with an accountant, financial adviser or legal professional. Learn more about SMSFs
Looking to access more SMSF products?
Some CommBank SMSF products require an eligible linked account. For example, SMSF Saver requires an eligible Commonwealth Direct Investment Account (CDIA) or Commonwealth Private Bank Account (PBA) held in the name of your SMSF.
If your SMSF doesn't have an eligible linked account, you can apply for a CDIA online or visit a CommBank branch for in-person support.
Apply online for a CDIA, a cash management account available for SMSFs. As part of the online application, a linked CommSec trading account will also be opened.
Once the CDIA is open, explore and apply for other eligible SMSF products including SMSF Saver, a high-interest savings account for SMSFs.
Applications for a CDIA and linked CommSec trading account are completed through CommSec.
Prefer in-person support? Visit a CommBank branch to apply for a CDIA.
You can get started online or visit a CommBank branch for in-person support.
If the SMSF is new to CommBank, one way to get started is to apply online for a Commonwealth Direct Investment Account (CDIA) and linked CommSec trading account. A CDIA is a cash management account available for SMSFs. The SMSF will also be onboarded with CommBank as part of the application process.
Once the CDIA is open, it can be used as an eligible linked account for certain CommBank SMSF products, including SMSF Saver, a high-interest savings account for SMSFs.
Applications for a CDIA and linked CommSec trading account are completed through CommSec. Once set up, SMSF banking and investments can be viewed in the CommBank app through the SMSF portfolio feature.
Before visiting a branch, check that the SMSF is registered with the ATO and shows a 'Complying' or 'Registered' status on Super Fund Lookup.
Information about the SMSF and its trustees or directors will also need to be provided.
There are two ways for an established SMSF to get started with CommBank: online via the CommBank app or at a CommBank branch.
New to CommBank? Getting started online begins with signing up to the CommBank app. Once signed up, an online application can be made for a Commonwealth Direct Investment Account (CDIA), together with a linked CommSec trading account.
A CDIA is a cash management account available for SMSFs and can be used as an eligible linked account for SMSF Saver, a high-interest savings account for SMSFs, and other eligible CommBank SMSF products.
The SMSF will also be onboarded with CommBank as part of the application process.
Before visiting a branch, check that the SMSF is registered with the ATO and shows a 'Complying' or 'Registered' status on Super Fund Lookup.
Information about the SMSF and its trustees or directors will also need to be provided.
If the SMSF hasn't been set up with CommBank yet, here's what will be needed.
Check that the SMSF is registered with the ATO and shows a 'Complying' or 'Registered' status on Super Fund Lookup, then have the following information ready.
We'll use these details to verify the SMSF and its trustees or directors, and onboard the SMSF with CommBank. Additional verification may be required.
SMSF details
Corporate trustee details, if applicable
Make sure the corporate trustee details are up to date with ASIC before visiting a branch, as these details will be used to verify the company and its directors.
Trustee or director details
All individual trustees, or all directors of the corporate trustee, will need to visit a CommBank branch.
Personal identification
An accepted form of identification, such as an Australian driver's licence or passport, is required for anyone new to CommBank or without a NetBank ID.
Once the SMSF has been onboarded with CommBank, you can apply for eligible SMSF cash management, savings and investment products.
Available options may include:
Some products may have additional eligibility or linked account requirements.
No. Your SMSF must already be established before it can be onboarded with CommBank. If you need help establishing an SMSF, consider speaking with an accountant, financial adviser or legal professional.
Not necessarily. Depending on what you already have with CommBank, you may be able to get started online or visit a CommBank branch for in-person support.
A Commonwealth Direct Investment Account (CDIA) is a cash management account available for SMSFs. Once your CDIA is open, you can explore and apply for other eligible CommBank and CommSec SMSF products.
That's okay. An established SMSF that's new to CommBank can be onboarded online or at a CommBank branch. Once onboarding and any required verification are complete, applications can be made for eligible CommBank or CommSec SMSF products.
No. You'll need to complete the SMSF onboarding and verification process before applying for eligible CommBank or CommSec SMSF products.
Depending on eligibility, available options may include a CDIA, SMSF Saver, SMSF Term Deposits and investment options through CommSec. Some products have additional requirements, such as holding an eligible linked account.
SMSFs are complex and involve legal, administrative and compliance responsibilities. SMSF trustees (or directors of a corporate trustee) are responsible for managing the fund and ensuring it complies with all applicable requirements such as superannuation, tax and trustee obligations.
This information may include general advice but does not take into account your individual objectives, financial situation, needs or tax circumstances, and so you should consider the appropriateness of the advice having regard to your circumstances before acting on it. You should consider seeking independent professional financial, tax and/or legal advice before making any decision based on this information.
Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and TMX Australia Exchange Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Commonwealth Direct Investment Account (CDIA) and CommSec Notice Investor are issued by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. These products are administered by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The target markets for the CommSec Notice Investor and Commonwealth Direct Investment Account can be found within the products' Target Market Determination, available at https://commbank.com.au/tmd.
You can view the CommSec Notice Investor Terms and Conditions, CommBank Transaction, Savings and Investment Account Terms and Conditions and Financial Services Guide on the CommBank website, and should consider them before making any decision about these products and services.
You can view the CommSec Share Trading Terms and Conditions, Best Execution Statement, and our CommSec Financial Services Guide and should consider them before making any decision about these products and services.
You can view the International Shares Terms and Conditions and our CommSec Financial Services Guide and should consider them before making any decision about these products and services.
Investing in overseas markets exposes you to risks including those related to movements in foreign currency exchange rates and market prices.
Eligible CommBank transaction account can be an eligible Commonwealth Direct Investment Account (CDIA) or Private Bank Account (PBA) held by your self-managed superannuation fund. If you don't have an existing eligible transaction account, you will need to open a CDIA or PBA under the same name as your SMSF.
The Bank is authorised under the taxation laws to collect an Australian Business Number (ABN) or an exemption code. It is not an offence if you don't provide a TFN, an ABN or an exemption code, but by law, we may be required to withhold a portion of your interest earned on the account.
The target market for this product will be found within the product's Target Market Determination.
Please view our Financial Services Guide (PDF). Full terms and conditions for the transaction and savings accounts mentioned (PDF) and Electronic Banking (PDF) are available here or from any branch of the Commonwealth Bank.
General Information and Terms and Conditions for Term Deposits and Electronic Banking are available here or from any branch of the Commonwealth Bank.
The target market for this product can be found within the product’s Target Market Determination.
Please view our Financial Services Guide.
