cash management - commsec · online cash management enjoy the convenience of online cash...

CASH MANAGEMENT

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (“CommSec”)

Locked Bag 22, Australia Square NSW 1215

Important Information. This brochure has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Because of that, before acting on the information in this brochure, you should consider its appropriateness to your circumstances, having regard to your objectives, financial situation and needs.

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 and a Participant of the ASX Group. CommSec Cash Account, CommSec Investment Account and CommSec Margin Lending are products of Commonwealth Bank of Australia, administered by CommSec. CommSec Debit MasterCard is issued by Commonwealth Bank of Australia pursuant to licence by MasterCard Asia Pacific Pte Ltd.

Applications for CommSec Margin Lending are subject to credit approval. Conditions and fees apply. Full terms and conditions of CommSec Cash Account and CommSec Investment Account are available at commsec.com.au. Fees apply to CommSec Cash Account. If you have a complaint, our dispute resolution process can be accessed by calling 13 15 19.

CoNTENTS

1 EvEryday cash, invEsting and saving in onE locationHow it works Your security is our responsibility

3 commsEc cash account

5 commsEc invEstmEnt account

6 commsEc dEbit mastErcard®

8 Quick guidE

13 how to gEt startEd

1 | CoMMSEC CASH MANAGEMENT

With integrated access to your everyday cash and share trading accounts, no monthly account fees and a high interest savings account – CommSec Cash Management is the smart new way to manage your everyday cash and investments.

Deposit your salary and use CommSec Cash Management for your day to day transactions, trade settlement and saving all in one convenient location and with one single login and view.

Available to individuals, joint account holders, companies and self-managed super funds, CommSec Cash Management can save you time and help make you money.

how it worksCommSec Cash Management has three components:

• commsec cash account is an everyday transaction account with no monthly account fees which you can use for all your cash requirements, including direct debits and credits. You can also use it to settle your share trades directly and enjoy low internet preferred brokerage rates.*

• commsec investment account is a high-interest account linked to your CommSec Cash Account. You can also use our unique AutoSweep feature to transfer funds to your Investment Account from your Cash Account automatically, making the most of the great interest rates.

• commsec debit mastercard® is a debit card that offers you global access to your cash, and fee-free ATM withdrawals via Australia’s largest bank ATM network. You can also use it to make purchases anywhere in the world, online or over the phone wherever the MasterCard logo is displayed.

The diagram on the next page shows how your Cash Account and Investment Account work with your investments. You can transfer funds between accounts to maximise the interest you earn and simplify your cash management and investing.

You can even use your CommSec Cash and/or Investment Accounts as collateral for your Margin Loan.

You’ll receive one consolidated statement across your accounts, making it quicker and easier to track your cash, savings and investments.

EvErydAy CASH, iNvESTiNG ANd TrAdiNG iN oNE loCATioN

* To be eligible for Internet Preferred trading, you must be CHESS-sponsored by CommSec and settle your trades through a CommSec Cash Account, CDIA, CommSec or Colonial Margin Loan.

CoMMSEC CASH MANAGEMENT | 2

your sEcurity is our rEsponsibilityWith Australia’s largest online broker, you can be confident that your security is a priority. To protect your valuable personal information and financial details, CommSec continues to invest in the latest security, including:

• Two-factor and SMS authentication.

• Transaction fraud monitoring.

• 128-bit encryption.

• MasterCard® Zero Liability.**

how to usE your commsEc cash managEmEnt and trading account togEthEr

* To be eligible for Internet Preferred trading, you must be CHESS sponsored by CommSec and settle your trades through a CommSec Cash Account, CDIA or a CommSec or Colonial Margin Loan.

**MasterCard’s Zero Liability Policy does not apply to commercial cards or PIN-based transactions. Other restrictions apply. For full details, please visit mastercard.com.au

BUY

SELL

INVESTMENTACCOUNT

• Earn high interest ongoing

• No monthly account fee

• Instant transfers to and from

Cash Account

TRADING ACCOUNT

• Trade from $19.95*

• Comprehensive research

• Free live data

CASHACCOUNT

• No monthly account fee

• Settle your trades

• Deposit your salary

• BPAY and pay bills

DEBITMASTERCARD

• Worldwide immediate access to your cash

• Free CBA ATM access in Australia

• Use for everyday purchases

I NS T

ANT

T R A N S F E RI N S TANT

ACCES S


The CommSec Cash Account is an everyday online transaction account, with all the features you expect and more.

no monthly account fees, no strings attached

You’ll pay no monthly account fees, and there’s no minimum opening or ongoing balances or limit on the number of deposits or withdrawals you can make.

interest calculated daily

Interest is calculated daily and paid monthly — on every dollar in your account when the balance is $5,000 or more.

Current interest rate schedule is available at commsec.com.au

use for everyday transactions Use your linked CommSec Debit MasterCard to pay for anything from groceries to petrol, dining out or paying bills.

online cash management Enjoy the convenience of online cash management, so you can manage your cash where and when it suits you:

• Set up regular payments including direct credits (such as salary credits) and direct debits.

• Transfer funds instantly between your linked accounts.

• Make BPAY®^ payments and Pay Anyone transfers.

• View your statements and manage your finances online.

world-wide access to your cash

You can withdraw your cash from your CommSec Cash Account using your CommSec Debit MasterCard® at over 1.4 million ATMs globally, wherever the MasterCard logo is displayed. You can also use your Debit MasterCard for purchase online, over the phone or at point of sale.

unlimited fee-free commonwealth bank of australia atm transactions

Access your cash through Australia’s largest bank ATM network. You can use your CommSec Debit MasterCard for fee-free withdrawals and balance enquiries at any Commonwealth Bank ATM in Australia.#

CoMMSEC CASH ACCouNT

^BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518.# Fees may apply to transactions including balance enquiries when you use non-Commonwealth Bank ATMs in Australia and any ATM overseas.


unique autosweep function Increase your interest earnings with CommSec Cash Management’s unique AutoSweep function. Simply activate it online and set a balance amount above $10,000, and choose between a weekly or monthly AutoSweep.

Each week or month, on the day or date you specify, available funds over the amount you’ve set are automatically swept into your higher-interest CommSec Investment Account.

Any time you need access to those funds again, you can instantly transfer them back to your CommSec Cash Account.

instant transfers Transfer funds instantly from your CommSec Cash Account to your CommSec Investment Account to boost your interest earnings, or back to your Cash Account when you need access to them.

low brokerage on direct share trade settlement

Enjoy CommSec's low Internet Preferred brokerage rates when you settle your CHESS-sponsored share trades directly from your CommSec Cash Account.

collateral for your margin loan

Use the funds in your CommSec Cash Account and/or CommSec Investment Account as collateral for your CommSec Margin Loan, at the same time as they’re earning you interest.

When you use funds in your CommSec Cash Account and/or CommSec Investment Account as collateral for your Margin Loan, these funds are placed on ‘hold’, and you will not be able to transfer them out of the account until the hold is removed.

single login and view Manage your share trading, savings and margin lending portfolio via one simple login and view.

consolidated statement Budget and manage your wealth with one consolidated online statement, saving you time and effort across your share trading accounts, cash accounts and margin lending portfolios.

support Feel secure in the knowledge that Cash Management support is available 8am to 8pm, (Sydney time) 7 days a week, plus 24-hour support for lost or stolen cards.


The CommSec Investment Account is a high-interest online savings account linked to your CommSec Cash Account so that you can access and transfer funds instantly while maximising your interest earnings.

attractive interest rates — no strings attached

Earn attractive interest on every dollar in your CommSec Investment Account, calculated daily on the whole balance and paid monthly. And there are no minimum opening or ongoing balances, or limits on deposits and withdrawals.

Current interest rate schedule is available at commsec.com.au

no fees Make the most of your high-interest account, with no monthly fees and no other fees on the account, no strings attached. Whatever your account balance, you pay no fees and earn great interest.

instant transfers Transfer funds instantly between your CommSec Investment Account and your CommSec Cash Account when you’re ready to pay for share trades, access your cash or make purchases.

margin loan collateral Use the funds in your CommSec Investment Account and/or CommSec Cash Account as collateral for your CommSec Margin Loan, at the same time as they’re earning you a great interest rate.

When you use funds in your CommSec Investment Account and/or CommSec Cash Account as collateral for your Margin Loan, these funds are placed on ‘hold’, and you will not be able to transfer them out of the account until the hold is removed.

CoMMSEC iNvESTMENT ACCouNT


The CommSec Debit MasterCard enables you to pay for products and services all over the world, from your own funds in the CommSec Cash Account. This is not a credit card, so there are no card application or annual fees, and you’ll enjoy easy access to your cash, wherever you are.

notEWhen you use your CommSec Debit MasterCard, you must always select the ‘credit (cr)’ button when using an ATM or making purchases.

your new card comes with chip technology

Chip cards offer a more secure way to process card transactions. The secure microchip contains security data and software – because it is more difficult to fraudulently copy the details of the card, security is increased.

tap & gotm with mastercard PayPassTM

MasterCard PayPass is a faster, easier way to make purchases of $100 or less. You don’t need to sign or enter a PIN to pay for things $100 or less. Just tap your card against a PayPass reader and once the transaction is confirmed with a beep, you're done.

use for everyday purchases Use your card at point of sale to pay for anything from groceries to petrol, dining out and paying bills.

use for online, telephone or overseas purchases

Your MasterCard is accepted at over 28 million locations worldwide, wherever the MasterCard logo is displayed and you can use your card to make purchases online, over the phone or at point of sale.

access your cash wherever you are world-wide

Withdraw cash or make a balance enquiry from your CommSec Cash Account at over 1.4 million ATMs globally, where the MasterCard logo is displayed (fees apply).

unlimited free commonwealth bank atm transactions

You can use your CommSec Debit MasterCard for fee-free withdrawals and balance enquiries at any Commonwealth Bank ATM in Australia.

no artificial spending limits

Withdraw up to the limit of the available funds in your CommSec Cash Account if you need to, without the restriction of a credit limit. (Note: daily withdrawal limits apply to ATM transactions and BPAY payments.)

CoMMSEC dEbiT MASTErCArd®

† MasterCard’s Zero Liability Policy does not apply to commercial cards or PIN-based transactions. Other restrictions apply. For full details, please visit mastercard.com.au. PayPass and Tap & Go are trademarks of MasterCard International Incorporated.


transaction security Enjoy peace of mind with fraud monitoring on every card transaction and MasterCard Zero Liability, protecting you against fraud and unauthorised charges.†

mastercard applause™ MasterCard applause is an exclusive entertainment service brought to you by MasterCard and Ticketmaster. Now you can get coveted access to some of the biggest events and names in entertainment and sport. As a MasterCard cardholder, you'll enjoy pre-sale periods and exclusive admission to concerts and live events, plus special offers on a number of tickets.

support Access support whenever you need it via our 24-hour, 7-day contact number for lost or stolen cards: call 13 15 19 or +61 2 9115 1417 if outside Australia. If you lose your card, or it’s stolen, either in Australia or overseas, we can issue you with a replacement card, an emergency card or emergency cash. Fees apply. See the separate Schedule of Fees and Charges downloadable at commsec.com.au

CoMMSEC dEbiT MASTErCArd® (CoNT.)


how do i apply? You can apply online at commsec.com.au

For more information on how to apply see the information on page 14 of this brochure

how long will it take for my accounts to be opened?

Your accounts will be opened within three business days from when we receive your signed application.

do i need to provide my tax File number (tFn)?

No, you don’t. However, if you do not provide it, we are required by law to deduct tax from any interest above a certain threshold earned on your CommSec Cash Management account/s.

can i just open a commsec investment account?

The CommSec Investment Account, Cash Account and Trading Account are all opened together with one single application. Once these are opened you can apply for additional Cash or Investment Accounts.

how many accounts can i open?

You can open as many accounts as you need to manage your cash and savings.+

do i have to have a commsec debit mastercard® linked to my accounts?

No, the CommSec Debit MasterCard is optional, but you will need it if you wish to access funds in your CommSec Cash Account through an ATM, and for point of sale, online or telephone purchases.

is my commsec debit mastercard linked to my investment account?

No. Your CommSec Debit MasterCard is linked to your CommSec Cash Account. You can instantly transfer money from your Investment Account into your Cash Account.

how do i view my accounts online?

When your accounts are opened, you will receive email notification with details about how to login and view your accounts.

QuiCk GuidE

+ Limited to a maximum of 100 accounts.


QuiCk GuidE (CoNT.)

when i use my commsec debit mastercard® to withdraw cash from an atm, which account do i select?

You must select ‘credit’ when withdrawing cash from any ATM, and when making any other transactions with your CommSec Debit MasterCard.

can i withdraw cash or check my cash account balance from non-commonwealth bank atms?

Yes, but you may be charged a fee. See the separate Schedule of Fees and Charges downloadable at commsec.com.au

can i make cheque deposits to my commsec cash account?

To deposit a cheque to your CommSec Cash Account complete a cheque deposit form (downloadable from commsec.com.au) and post it to:

CommSec Settlements Reply Paid 60768 (no postage required) Australia Square NSW 1214

it’s important to note that you cannot deposit cash or cheques into your account via an ATM or through a Commonwealth Bank Branch. However, you can transfer funds electronically to your account at any time online.

can i manage my commsec cash account using an automated phone system?

No, an automated phone system is not currently available for CommSec Cash Management. However, you can call our Customer Service Officers on 13 15 19 between 8am and 8pm, (Sydney time) 7 days a week if you need assistance.

what is the minimum initial deposit amount?

There is no minimum deposit amount.

is there a minimum balance for my accounts?

There is no minimum balance for the CommSec Cash Account or the CommSec Investment Account.


do i have to use my commsec cash account to settle my share trades?

You can continue to settle your CommSec share trades using the method you are currently using. However, if you are CHESS-sponsored and settle your shares online via your CommSec Cash Account, you’ll benefit from lower brokerage. You’ll also be earning interest on your CommSec Cash Account when the balance is $5,000 or more.

how does the autosweep feature work?

Increase your interest earnings with CommSec Cash Management’s unique AutoSweep function. Simply activate it online and set a balance amount above $10,000, and choose between a weekly or monthly AutoSweep.

Each week or month, on the day or date you specify, available funds over the amount you’ve set are automatically swept into your higher-interest CommSec Investment Account.

Any time you need access to those funds again, you can instantly transfer them back to your CommSec Cash Account.

do i have to use the autosweep function?

The AutoSweep function is optional and you can set it up to suit your needs.

can i change my autosweep?

Yes. You can activate the facility online, and change your specifications whenever you wish.

when will my funds transfers be processed?

Transfers between your CommSec Cash Account and your CommSec Investment Account are instant, as are transfers to other CommSec accounts.‡

Most other transfers requested before 4:30pm will be processed by the next business day. Those requested after 4:30pm will be processed on the second business day.

For margin loans, transfers made before 3pm will be available in the chosen bank account the next business day.

For your security, additional delays and/or holds may be placed on fund transfers to new billers and/or payees.

‡ For security reasons we may place a temporary hold on first time transfers to non-linked CommSec Cash Accounts and CommSec Investment Accounts. Please refer to the CommSec Cash Management Terms and Conditions for more information.


QuiCk GuidE (CoNT.)

is the interest on my investment account tiered?

No. You’ll earn competitive interest on every dollar in your CommSec Investment Account.

how often are statements issued?

You will receive a consolidated online statement each month if you to choose to receive statements online. If you require a paper statement it will be posted to you quarterly at a cost of $10 per statement.

are my accounts secure? Yes, your accounts are protected by sophisticated security, including:

• Two-factor password and SMS authentication.

• Transaction fraud monitoring.

• Make BPAY payments and Pay Anyone transfers.

• 28-bit encryption.

are there any fees? There may be fees associated with some transactions. Please see the separate Schedule of Fees and Charges downloadable at commsec.com.au

what are my daily transfer limits for bpay® and pay anyone?

The default daily limits for BPAY and Pay Anyone transfers are $1,000 each, but you can ask us to increase these limits up to as much as $100,000 for BPAY and for Pay Anyone online transactions. For Pay Anyone transactions up to $1m, call customer service on 13 15 19, 8am to 8pm, (Sydney time) 7 days a week.

what is my daily withdrawal and transfer limit on my commsec debit mastercard®?

You can withdraw up to $3,000 through ATMs each day per CommSec Cash Account. There are no limits on purchases including online or via the telephone.


what happens to funds in my commsec cash account or investment account when i use them as collateral for my margin loan?

When you use your funds as collateral for your Margin Loan, they are placed on hold. This means that you will not be able to access them or transfer them until they are no longer being used as collateral. You will, however, continue to earn interest on these funds.

can i have a cheque-issuing facility on my account?

No, but you can make direct payments from your CommSec Cash Account online at any time.

can i make transactions at a branch?

If you need to withdraw more than the ATM limit, you can withdraw cash over the counter at branches of financial institutions displaying the MasterCard logo.

Fees and charges may be imposed on you by the financial institution. You will incur a fee from us for this service.

i already have a commonwealth bank account — can i view my commsec cash management accounts through netbank?

No, your CommSec Cash and Investment Accounts are not linked to your Commonwealth Bank accounts. However, it is simple to transfer funds between them if you need to.


STEP 1Read the Terms and Conditions online, then use the easy online form to apply in less than 10 minutes.

note: In order to open your first CommSec Cash Account, you need to have a CommSec Trading Account in the same name. If you do not already have a Trading Account, you need to fill in the relevant section of the Application Form.

STEP2onlinE:Go to commsec.com.au and follow the instructions, then post the relevant documents to:

CommSec Reply Paid 60768 (no postage necessary) Australia Square NSW 1214

by mail:Post your completed and signed Application Form with relevant documents to:

CommSec Reply Paid 60768 (no postage necessary) Australia Square NSW 1214

STEP3We will send you notification when your accounts have been opened.

If you have opted to receive a CommSec Debit MasterCard®, this will be posted to you shortly after your accounts are opened.

To view an online demonstration of how CommSec Cash Management works, go to commsec.com.au

How To GET STArTEd

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wE’rE HErE To HElpTo find out more, call us on 13 15 19, 8 am to 8 pm (Sydney time), Monday to Friday, or visit our web site at commsec.com.au

if your card is lost or stolen, please call us immediately on 13 15 19 or +61 2 9115 1417 if outside Australia. our emergency call centre is open 24 hours, 7 days a week.

13 15 19commsec.com.au

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cash management - commsec · online cash management enjoy the convenience of online cash...

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