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Investing & Super / Commonwealth Direct Investment Account

A cash account that makes trading simple

Settle your trades directly through your CDIA, and benefit from brokerage as low as $5.00 per trade.*

Pay no monthly account-keeping fees1 and get unlimited free electronic transactions.

Transact on your CDIA in real time2 through the CommBank app. Instantly transfer funds seamlessly between all your CBA accounts.

Our free Dividend Direction service makes handling your dividend payments simple. Just opt in online, and any dividends you earn will go straight into your CDIA, helping you earn interest (if applicable).3

What is a settlement account?

A settlement account is linked to your trading account. It acts as an investment wallet, allowing you to pay for or receive money from your trades.

For example, when you buy $100 worth of shares at a cost of $5 (brokerage), $105 will be debited from your settlement account. This process is called T+2 settlement, which takes place two business days after a trade.

When you sell shares, the funds from the sale of your shares, less any brokerage costs, will be deposited into your nominated settlement account.

The Commonwealth Direct Investment Account (CDIA) is the preferred cash management account for CommSec share traders.

You can use a CDIA as your settlement account for your CommSec Share Trading account or your CommSec Pocket ETFs account. 

Fees & rates

Fee type
Amount
When it applies
Monthly account fee
Free4
No fee applies to a CDIA linked to a CommSec Australian Shares or CommSec Pocket ETFs account.
Electronic withdrawal
Free
No cost for standard online transfers.
Assisted withdrawal
$3
Applies if you need help from staff e.g. in branch or phone assisted withdrawals.5

For more information on other fees and charges that may apply, please read the Transaction, Savings and Investment Terms and Conditions.

 

Who can apply?

  • You can apply if you meet the following:

    • You’re 18 years or older with an Australian residential and postal address; or
    • You have an Australian registered or incorporated company; or 
    • You have an Australian trust; and
    • You’re applying for a CDIA in conjunction with a CommSec Share Trading Account or have an existing CommSec Share Trading Account

  • You may need the following handy:

    • ID e.g. driver’s licence
    • Certified copy of the Trust Deed
    • Company details (if applicable)

Get started

  • New to trading? 

    Bundle your CommSec Trading account and CDIA together by opening a CommSec Australian Shares account in the CommBank app.

    Get started here.

    Once your CDIA is open, you can also link your account to a CommSec Pocket ETFs account.

  • Already got a CommSec account?

    Log in to your CommSec account and follow the prompts to create a Commonwealth Direct Investment Account and link it to your trading account.

Investing in the CommBank app

Once your CDIA is set up, you can invest directly from you CommBank app.

Simply log in, tap the ‘Investing hub’ tile from your app dashboard or Library.

Start investing

CDIA is also a great way to manage your SMSF

Tell me more

FAQs

We can help

Things you should know

  • * To be eligible for discount brokerage you are required to trade online, be CHESS sponsored and have your CDIA linked for settlement

    1 No fee applies to a CDIA linked to a CommSec Australian Shares or CommSec Pocket ETFs account . A monthly account fee may apply to accounts opened in branch prior to 5 October 2021.

    2 For security reasons we may place a hold on funds transferred to or from your account. For further information refer to the Electronic Banking Terms and Conditions.

    3 There may be instances where some share registries do not reciprocate on this service.

    4A monthly account fee may apply to accounts opened in branch prior to 5 October 2021.

    5 For accounts opened on or before 31 October 2012: please refer to your Offer Confirmation Letter (available on NetBank).

    Investing in the CommBank app has been awarded the Canstar Innovation Excellence Award in 2024.

    The target market for this product can be found within the product’s Target Market Determination, available at commbank.com.au/tmd.

    The Commonwealth Direct Investment Account is issued by Commonwealth Bank of Australia ABN 48 123 123 AFSL 234945. This product is administered by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec), a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

    The CommBank app is free to download, however your mobile network provider charges you for accessing data on your phone. Find out about the minimum operating system requirements on the CommBank app page. Terms and conditions are available on the app. NetBank access with NetCode SMS is required

    The information has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the CommBank Transaction Savings and Investment Account Terms and Conditions, and should consider them before making any decision about these products and services.

    Consider the PDS for each ETF prior to making an investment decision.