FAQ: What Is Cdia Commonwealth Bank?

Commonwealth Direct Investment Account (CDIA) A cash management account for investors allowing you to trade and transact when and where it suits you.

How does a CDIA account work?

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. There are no account keeping fees, and you’ll get unlimited free electronic transactions.

What does the CDIA do?

The Consumer Data Industry Association (CDIA) is the voice of the consumer reporting industry, representing consumer reporting agencies including the nationwide credit bureaus, regional and specialized credit bureaus, background check companies, and others.

What is the difference between CDIA and own account?

CDIA vs your own cash account The biggest difference between using the CommSec CDIA account and another account is the brokerage fees.

Can I withdraw from CDIA?

A CDIA functions like a transaction account, but with some key differences. You can use it to fund trades on CommSec, make regular transactions, and withdraw cash at an ATM.

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What is CommSec CDIA?

The Commonwealth Direct Investment Account (CDIA) is a cash management account specifically designed for CommSec share traders. It allows you to trade, save and transact when and where it suits you.

How do I put money on my CommSec international account?

Login to the CommSec website and navigate to Portfolio > Accounts. Then select your International Trading Account from the drop down list. 1. To submit a request to deposit funds into your International Trading Account select ‘Deposit to International Trading Account ‘.

How do I change my daily limit Commonwealth Bank?

You can increase your daily transfer limit in NetBank or by going to the CommBank app > Settings > Payment limits. Increasing your daily limits may increase your liability for unauthorised transactions.

Is a CommSec account free?

$0. There are no monthly fees associated with a CommSec Share Trading account.

Do you need a commonwealth account for CommSec?

You don’t need to be a banking customer of the Commonwealth Bank to open a CommSec Share Trading Account, but it does allow you to easily view and move between banking and trading accounts with a single login.

How do I link my Commonwealth account?

Add non-CommBank accounts or accounts with customised authorisation rules

  1. Log on and go to Admin, Maintenance Requests.
  2. Choose Add Account(s) on the right.
  3. Select Add accounts, Next.
  4. Populate the account details and click Add. ( To add more than one account, repeat this step.) Next.

What is CommSec BSB?

BSB: 062-004.

What time does CommSec settle?

Settlement occurs two business days after the execution of a trade (known as T+2). This is when we’ll debit your account, and cleared funds need to be available by 8am in your nominated settlement account.

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What is CommSec limit price?

Limit orders allow you to set a maximum purchase price for your buy orders, or a minimum sale price for your sell orders. If the market doesn’t reach your limit price, your order will not be executed.

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