Discover more about Commonwealth Private
Things you should know
1Commonwealth Private Wealth Service is available to persons who meet the requirements of a ‘wholesale client’ under the Corporations Act 2001 (Cth). You may be classified as a wholesale client (also referred to as a ‘wholesale investor’) if you satisfy one or more of the following criteria set by Commonwealth Private Limited: a) You have provided us with a certificate, given within the past two years by a qualified accountant, which states that you have net assets of at least $2.5 million or had a gross income of at least $250,000 for each of the last two financial years. b) You are a company or corporate trustee that is controlled by a person who holds a current certificate confirming they meet the assets or income test described in a) above; or c) You are a trust that is controlled by individual trustees who each hold a current certificate confirming they meet the assets or income test described in a) above. At our discretion, we may accept clients who satisfy another category of wholesale investor under the Corporations Act 2001 (Cth).
2The Forrester Banking WaveTM: Australian Mobile Apps, Q2 2019.
3The CommBank Rewards program ('CommBank Rewards') rewards you with cashback (money paid back into your account within 14 business days) after you activate an offer presented to you via the CommBank app and you make a purchase in accordance with the terms and conditions of that offer. We'll show you rewards if you have an eligible card, are over 18 and have an Australian home address and are enrolled in CommBank Rewards. CommBank consumer credit and debit Mastercards and business credit cards are eligible. CommBank travel money cards, corporate credit cards, business debit cards and pre-paid Mastercards are not eligible. Your participation in CommBank Rewards is governed by the full Terms and Conditions available in the CommBank app.
This information has been prepared by Commonwealth Private Limited ABN 30 125 238 039 AFSL 314018, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945. Commonwealth Private’s services are provided by a team consisting of Private Bankers who are representatives of Commonwealth Bank and Private Wealth Managers who are representatives of Commonwealth Private Limited. Commonwealth Private Limited Financial Services Guide (PDF) and B&PB and IB&M Financial Services Guide (PDF).