Commonwealth Direct Investment Account (CDIA) A cash management account for investors allowing you to trade and transact when and where it suits you.
Is a CDIA worth it?
The main benefit of a CDIA is the cheaper brokerage fees, which come down to $10 compared to the standard $29.95 for trades up to $1000. In addition, account balances of $500,000 or more earn interest at 0.1% p.a.
How does a CDIA account work?
How it works. The CDIA is the preferred cash management account for CommSec, allowing you to seamlessly settle trades, save and transact all from one account. Your CDIA is linked to your CommSec Trading Account for settlement of your trades. You can access your account online through NetBank and CommSec.
Does CDIA account pay interest?
Interest earned on CDIA accounts is calculated daily and credited to your account on the first calendar day of each month.
Is CommSec good for beginners?
Yes, Commsec is good for beginners and is one of the easiest brokerage platforms to get started using.
How do I pay CommSec shares?
To pay for your shares: Automatic direct debit from a linked nominated bank account. We will automatically direct debit from your nominated bank account on T+2. To view the bank account you nominated on your application form, select Portfolio > Profile after you have logged into your CommSec account.
How do I put money on my CDIA account?
The easiest way to transfer funds to your CDIA is to make a deposit from any linked Commonwealth Bank account via NetBank. However, you can also transfer funds from another financial institution.
How do I cancel my CDIA account?
If you are certain that you want to close your CDIA account, you will need to contact the Commonwealth Bank on 13 22 21 or +61 2 9999 3283 if calling from overseas. Alternatively you can visit any of our local branches to close your account.
Can you lose money on CommSec?
If you sell shares when the price is lower than what you paid for them or even the same price (taking into account your brokerage fees) then you’ll make a capital loss.
Is a CommSec account free?
$0. There are no monthly fees associated with a CommSec Share Trading account.
Does Commonwealth Bank own CommSec?
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.
