Is it better to open a CDIA?
Is it better to open a CDIA?
The main benefit of a CDIA is the cheaper brokerage fees, which come down to $10 compared to the standard $29.95 for trades up to $1000. In addition, account balances of $500,000 or more earn interest at 0.1% p.a.
How much does a CDIA account cost?
CDIA vs your own cash account
| Trade amount | CDIA account broker fee | Non-CDIA broker fee |
|---|---|---|
| Up to $1,000 | $10 | $29.95 |
| $1,001 – $10,000 | $19.95 | $29.95 (Up to $9,999.99) |
| $10,001 – $25,000 | $29.95 | 0.31% |
| from $25,000 | 0.12% of trade | 0.31% |
What is a commbank CDIA account?
Commonwealth Direct Investment Account (CDIA) A cash management account for investors allowing you to trade and transact when and where it suits you.
How do I put money on CDIA?
The easiest way to transfer funds to your CDIA is to make a deposit from any linked Commonwealth Bank account via NetBank. However, you can also transfer funds from another financial institution.
Does CDIA earn interest?
Interest earned on CDIA accounts is calculated daily and credited to your account on the first calendar day of each month.
Is CommSec good for beginners?
Yes, Commsec is good for beginners and is one of the easiest brokerage platforms to get started using. The only drawback is the cost.
Is it free to open a CommSec account?
$0. There are no monthly fees associated with a CommSec Share Trading account.
Can you lose money on CommSec?
Capital loss risk. If you sell shares when the price is lower than what you paid for them or even the same price (taking into account your brokerage fees) then you’ll make a capital loss.
Does CommSec have monthly fees?
How do I put money on my CDIA account?
To transfer funds to your CDIA:
- Login to NetBank.
- Go to the Transfers tab then select Transfer money.
- In the From account drop-down menu, select the account with the funds you wish to transfer.
- In the To account drop-down menu, select your CDIA.
How do I transfer money from CDIA?
How do I transfer funds from my CDIA account?
- Log in to Netbank (you can access NetBank from your CommSec account by selecting the NetBank tab in the top left corner of your screen).
- Select Transfers & BPAY in the main menu.
- In the “From” field, use the dropdown menu to select the CDIA you would like to transfer from.
Is there a fee for opening a CdiA account?
No fee applied for CDIA accounts linked to CommSec Trading Account, or SMSF option. For more information on fees and charges that may apply, please read the Transaction, Savings and Investment Terms and Conditions .
How do I open a CdiA account on CommSec?
Existing customers who already have a trading account can open a CDIA by logging into the CommSec website and heading to Products > shares > Cash > Apply for CDIA. From there you can select the trading account you would like to open a CDIA account for and proceed with completing your CDIA application. Hereof, how do I use a CDIA account?
How do I Change my CdiA account username and password?
Enter the email address associated with your CDIA Account and click ‘Submit’. An email will be sent to you with your new username and a prompt to update your password. Log in using your new CDIA Account username and password. Save this information for your records. 4. Will I lose any of my current assigned courses?
Where can I find the terms and conditions for CdiA?
Full terms and conditions for CDIA are available here or from any branch of the Commonwealth Bank. Other fees may apply. To be eligible for discount brokerage you’re required to trade online, be CHESS sponsored and have your CDIA linked for settlement.
