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Everyday Account rates and fees

Smart Access monthly account fee

Unlimited Commonwealth Bank ATM, unassisted Phone, Internet and EFTPOS transactions (some exclusions apply)


Say goodbye to monthly account fees

Forget your monthly fee

We will waive your monthly fee if you:

  • Are under 21 years old;
  • Opened your account after 1 June 2010 and deposit at least $2,000 each calendar month and from 17 October 2011, if you are 21 to 24 years old you will be exempt from monthly account fees if you deposit at least $1000 into the account each calendar month (excludes Bank initiated transactions);
  • Have a balance of $50,000 or more in eligible contributing accounts;
  • Have your aged or war veterans pension deposited into this account; or
  • Are currently part of a Wealth Package where the annual fee is paid.

We will also waive your monthly account fee if you let us know that you are:

  • A student at an education institution located in Australia or are undertaking an Australian apprenticeship. You must show us suitable student identification.
  • Reliant on over-the-counter services because of a disability preventing you using electronic banking facilities. The exemption will apply to a nominated account.

For more details please see our Transaction, Savings and Investment Accounts General Information and Terms and Conditions, available online or from any branch of the Bank.

Interest rates1

All rates displayed in the table below are per annum.

Balance Interest rate
Balances from $0 to less than $10,000 0.00% p.a.
Balances between $10,000 and $19,999 0.00% p.a.
Balances between $20,000 and $49,999 0.00% p.a.
Balances between $50,000 and $99,999 0.00% p.a.
Balances over $100,000 0.00% p.a.

Withdrawal fees

For Everyday Account Smart Access customers, each assisted withdrawal in a branch or agency or via telephone banking incurs a fee of $2.50. Also for Everyday Account Smart Access customers, each cheque written by you and negotiated through the clearing system (excluding those cashed over-the-counter at a Commonwealth Bank branch) incurs a fee of $1.50.

Non-Commonwealth Bank ATM fees

An Access Fee will be charged on withdrawals you make through an ATM of ASB Bank in New Zealand, Commonwealth Bank in Indonesia and Commonwealth Bank in Vietnam. AUD $2.00 each
  • Note: ATM owners may charge a fee, which will be disclosed at the time of the transaction. If you proceed with the transaction, the ATM owner’s fee will be debited to your account (in addition to the withdrawal amount, if applicable).  You should check the ATM owner’s fees that apply carefully before completing transactions at non-Commonwealth Bank ATMs in Australia. 

International ATMs and EFTPOS

Access to networks overseas

  • ASB Bank ATMs in New Zealand
  • Commonwealth Bank ATMs outside Australia

The fee is debited to your account when you make the withdrawal.

AUD$2.00 each

Access to networks overseas

  • Cirrus, MasterCard or Visa Plus ATM cash withdrawal
AUD$5.00 plus 3.00% of the transaction value

International transaction fee

  • Maestro (EFTPOS) purchase or Debit MasterCard purchase that involves currency conversion.
3.00% of the transaction value

International transaction fee

  • Maestro (EFTPOS) purchase or Debit MasterCard purchase in Australian dollars when overseas

Applies where a transaction is in Australian dollars but the party accepting the card is overseas.

3.00% of the transaction value 

(effective from 30 September 2015)

Dishonour of cheques

Cheques can be dishonoured (not paid) because there are insufficient cleared funds in the cheque account to cover the amount of the cheque, because they have been stopped or because the cheque is irregular in some way. $5.00 per item

Dishonour of unpaid scheduled payments

A dishonour fee applies if there are insufficient available funds to make the scheduled payment. $5.00 per payment

Overdrawing approval fee

An overdrawing approval fee2 applies to some accounts when we honour a transaction which causes your account to:
  • - Be overdrawn; or
  • - Exceed its agreed overdraft limit

  • Important information
    1 Rate applies to the whole balance of the account, and is calculated daily and paid quarterly. Rates effective as at 9 March 2015 but are subject to change. The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF 68KB). Full terms and conditions for the transaction and savings accounts (PDF 660KB) mentioned are available here or from any branch of the Commonwealth Bank.
    2 You can only incur one overdrawing approval fee, per account, per day irrespective of the number of transactions we honour on that day. The fee is usually charged the next business day.