Here is an extract of the notice. We are simplifying your...

Here is an extract of the notice.



We are simplifying your CommSec Cash Management Account structure by combining the expertise of CommSec and the Commonwealth Bank of Australia (CBA) to give you a better trading, transacting and saving experience.


You will earn interest between investments without the hassle of having to move funds between accounts
The new CDIA interest rate applies to the whole balance on the account, and is calculated daily and paid monthly
You will continue to receive reduced brokerage from $19.95* per trade
Cash Management online services will now be via NetBank, CBA's award winning online banking platform which is accessible through CommSec
We will send you your NetBank ID via email and temporary password via SMS if you want to login to NetBank directly
You will be receiving a new BSB and account number.

About your CDIA

CDIA interest rates^ are tiered and outlined in the table below:
Balance Interest rate
$0 - $9,999 0.01 % p.a.
$10,000 - $19,999 1.50 % p.a.
$20,000 - $49,999 2.00 % p.a.
$50,000 - $99,999 2.50 % p.a.
$100,000 - $249,000 3.00 % p.a.
$250,000 - $499,999 3.25 % p.a.
$500,000 or more 3.50 % p.a.

With your new CDIA, you will also:
Continue to pay no monthly account fees
Continue to have unlimited electronic withdrawals free of withdrawal fees (access fees may apply)
Have up to two free assisted transactions (e.g. over the counter at a CBA branch) per calendar month as you will now have access to the broader CBA network. Refer below for details
If you take advantage of the additional CBA services to which you now have access, fees may apply.

Further details of fees and charges which may apply to your CDIA

Fees and Charges
Item Description Amount
Account fee There is no account fee payable Nil
Free withdrawals per calendar month Unlimited electronic withdrawals free of withdrawal fees (access fees may apply) and up to 2 free assisted withdrawals
Assisted withdrawal fees (only incurred when the number of withdrawals exceeds the 2 per calendar month) An over-the-counter withdrawal made at a Commonwealth Bank branch $2.00 each
An over-the-counter withdrawal made at a postal or private agency (including EFTPOB/giroPost) $2.00 each
A cheque issued on your account and cashed over the counter at any Commonwealth Bank branch $2.00 each
A withdrawal made via Telephone Banking using an operator $2.00 each
Cheques negotiated All cheques written by you and negotiated through the clearing system excluding cheques cashed over the counter at any Commonwealth Bank branch $1.00 each

All other fees and charges remain unchanged. For the full list of fees and charges, please refer to the CDIA terms and conditions

Things you should know

Within 3 months of your new CDIA account being opened you will need to provide your new CDIA BSB and account number to any merchant or organisation who makes Direct Credits or Debits (such as salary or bills) in and out of your CommSec Cash Account
To assist you we will redirect any Direct Credits or Debits we receive to your CDIA for at least 3 month
If you have registered your CommSec Cash Management Account with a share registry in order to have any dividends paid into your account, we will aim to update your new CDIA BSB and account number with that registry. Final details of Registries to be updated will be communicated in early January 2013.

We've noticed that you have not been using your CommSec Debit MasterCard®, so your card will be cancelled when your funds are transferred to your new CDIA. If you would like a CBA Debit MasterCard you can order one at any stage once your new account has been opened.


Stephen Karpin
Managing Director