How does Commsec Cash Management work and why are there 2 accounts?

The new CommSec Cash Management product has been specifically designed for self-directed investors, and consists of a CommSec Cash Account (CCA) and a CommSec Investment Account (CIA). A CommSec Debit MasterCard®  linked to the CommSec Cash Account (CCA) is also available with no account-keeping fees attached. 

Below is a quick overview of other key product features of the new CommSec Cash Management product:

CommSec Cash Account
Your cash account is a fully transactional account for your everyday banking needs, including EFTPOS, BPAY® payments and Pay Anyone transfers, plus direct credits such as salary credits and direct debits. When you settle your trades directly from your CommSec Cash Account (CCA) you'll enjoy preferential discount brokerage as low as $19.95* per trade. Apply Now


CommSec Investment Account
Your CommSec Investment Account will help you maximise your money and investment power by earning high interest on every dollar. It's linked to your CommSec Cash Account (CCA) so you can transfer funds between accounts instantly whenever you want to access your cash, make purchases with your Debit MasterCard® or settle trades. Apply Now

CommSec Debit MasterCard®
This card provides fee-free access to funds in the CommSec Cash Account (CCA) through any Commonwealth Bank ATM in Australia. The card can also be used to make purchases anywhere in the world, online or over the phone wherever the MasterCard logo is displayed, and cash withdrawals at non-Commonwealth Bank ATMs displaying the MasterCard logo (fees may apply).

How it Works

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How do we transfer funds in and out of our CommSec Cash Account?

Funds can be transferred in to your CommSec Cash Account (CCA) via:

1) Electronic Funds Transfer – This is the easiest and fastest way of transferring funds - all you need is your BSB & Account Number for your new CommSec Cash Account (CCA) which can be found under Quick Links > Profile or can also be found under the Cash Management tab on the main menu.

2) A cheque is also accepted by posting it in to us. You will need to include the cheque deposit slip form along with your cheque. This form can be obtained by clicking on ‘Tools & Support’ on the main menu followed by ‘Forms & Downloads’ then ‘Cash Management’ (on the left hand side menu). Please download and print the ‘Cheque Deposit Form’. Once completed, include this with the cheque and send to:

CommSec Settlements
Reply Paid 60768, Australia Square NSW 1214

3) If you wish to transfer large amounts:
RTGS (ie Real Time Gross Settlement) payments can be made directly to a CommSec Cash Account (CCA) from other financial institutions.
You must simply provide the BSB and Account Number for your CommSec Cash Account (CCA) when requesting the RTGS payment and the funds will generally be credited within 24 hours.

Clearance times

EFT funds will usually take up to 24 hours to clear and be available in your CommSec Cash Account (CCA) so long as the transfer is made before 4.30pm on a business day.

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 When will funds be available in my account?

Transfers between your CommSec Cash Account (CCA) and your CommSec Investment Account (CIA) are instantaneous.

Transfers from external bank accounts to the CommSec Cash Account (CCA) will take up to 24 hours to clear and be made available.

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What are the transfer limits for CommSec Cash Management? How do I change these limits?

The initial daily transfer limit is $1,000. This limit can be changed to either $500 or $2000 on the website.

To increase this limit above $2,000 you must register for SMS security. After you are registered for SMS security you will be able to increase your daily limit to $100,000 by calling CommSec on 13 15 19.

If you wish to transfer larger amounts, this can be done by calling 13 15 19 and speaking directly to a Client Service Officer.

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How do I change my Residential and/or Postal Address?

CommSec Clients can update their address by sending in a signed written request. Please note - if your account is a joint account or a company account all account holders and directors will need to sign the request. To download the 'Change Of Address Form', visit

Commonwealth Securities - Client Registry
Reply Paid 60768
Australia Square
NSW 1215

You may also fax us the change of address to us on:

Attention: Client Registry
Fax number: (02) 8292 5744

Changes of address take a minimum of one business day to process after receipt.

Client accounts which are CHESS sponsored will have shares currently held by CommSec updated with CHESS automatically on your behalf. For any Issuer Sponsored shares, you will need to contact the relevant share registry to update any registration details.

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What is a CommSec Debit MasterCard®?

The CommSec Debit MasterCard is the card you can use to withdraw your money from the CommSec Cash Account fee-free at any Commonwealth Bank of Australia ATM domestically. You can also use the CommSec Debit MasterCard to make everyday purchases at point of sale, over the phone or the internet and is accepted at over 26 million locations worldwide, wherever the MasterCard logo is displayed. This is NOT a credit card and so there are no annual fees, interest payments or late payment fees because you are accessing your own money in the CommSec Cash Account. 

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Can I change my ATM PIN?

Yes, once you have logged in to the CommSec website, navigate to Cash Management > Payments Limits & Security > Change Debit Card PIN to change your Debit MasterCard PIN. If you do not know or are uncertain about your current PIN, please contact the call centre on 13 15 19 to have a new PIN resent to you before changing via the website.

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I forgot my Debit MasterCard PIN, how do I get a new one?

Please call CommSec on 13 15 19 to have your PIN resent to you after sufficient verification.

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What do I do if my card is stolen or lost?
Please call CommSec on 13 15 19 immediately to have your card blocked. If overseas please call +61 2 8223 7014.

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How do I access my Cash Management Account online?
To access your Cash Management online, please ensure you are logging in to the CommSec website with your Client ID. Logging in with your trading account number will not grant you access to your Cash Management Account information.

Once logged in under your Client ID, click ‘Cash Management’ located on the main menu.

Your CommSec Cash Management Account cannot be accessed via CBA branches or via the NetBank website.

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Can I have multiple CommSec Cash Accounts (CCA)/CommSec Investment Accounts (CIA)?
You can have multiple CommSec Cash Accounts and CommSec Investment Accounts linked to one Client ID, however separate applications will need to be made for each new set of accounts. Only one CommSec Cash Account (CCA) is available per CommSec trading account, however you can have multiple CommSec Investment Account (CIA) accounts in the same name linked to a CommSec Cash Account (CCA).

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Does applying for Cash Management automatically make me eligible for a discounted brokerage rate?
To be eligible for a discounted brokerage rate of $19.95 up to $10,000, $29.95 up to $25,000 and 0.12% for any trade consideration above $25,000 simply elect during the application process to use your CommSec Cash Account (CCA) as your settlement account for share transactions and elect to be CHESS sponsored with CommSec.

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Is having an initial deposit into my CommSec Cash Account compulsory when applying for a Cash management Account?
No, this is also up to you. There is no minimum balance required.

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What is the current interest rate on my CommSec Cash Account and CommSec Investment Account products?
For current rates on the CommSec Investment Account (CIA) and CommSec Cash Account (CCA) please visit www.commsec.com.au then click on Tools & Support > Forms & Downloads > Cash Management, scroll down to brochures and then download the ‘Interest Rate Schedule’ PDF from the range of brochures.

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