CommBank Account Type

　　CommBank offers various trading account types for its clients. The primary account types include:

• 　　CommSec Share Trading Account: This account allows you to trade over 2,000 shares and ETFs listed on the Australian Stock Exchange (ASX). You can start investing with as little as $500, and brokerage fees start from just $5 per trade. There are no monthly fees or ongoing account charges.

• 　　Commonwealth Direct Investment Account (CDIA): This is a cash management account linked to your CommSec trading account, allowing for seamless trading and lower brokerage fees. It also provides full access to your funds for transactions.

• 　　CommSec Pocket Account: Designed for beginner investors, this account allows you to invest in themed ETFs starting with as little as $50.

  　　

　　

CommBank Broker Account Opening Process

　　To open a trading account with CommBank, follow these steps:

• 　　Choose the Account Type: Decide whether you want to open a CommSec Share Trading Account, CDIA, or CommSec Pocket Account.

• 　　Prepare Required Documents: You will need identification documents such as a driver's license or passport, and for companies, you may need an Australian Business Number (ABN) and company details.

• 　　Complete the Online Application: Visit the CommSec website or use the CommBank app to start your application. The process typically takes around 15 minutes.

• 　　ID Verification: Complete an ID check online or verify your ID in a local branch if preferred.

• 　　Fund Your Account: Transfer funds into your new trading account to start trading.

• 　　Start Trading: Once your account is set up and funded, you can begin trading shares and ETFs.

　　For more detailed information, visit the following sources:

• CommSec - CommBank
• Commonwealth Direct Investment Account - CommBank
• CommSec - Australian Share Trading Account