The Commonwealth Bank of Australia, more commonly referred to as Commonwealth Bank and Commbank, is one of the big four banks. As part of their banking services they offer a MasterCard that is tied to their accounts.
There are two accounts which offer the debit card, Smart Access and Complete Access. They both charge monthly fees, although this is waived if at least $2,000 is deposited in the account. Both have EFTPOS capability.
If you’re looking for a convenient and secure way to pay for your everyday expenses, you might want to consider the Commonwealth Bank Debit MasterCard. You can also manage your card settings and spending through the CommBank app or NetBank.
The Smart Access card has a $4 a month fee, while the Complete Access fee is $6 a month. The difference in the two accounts is that the Smart Access account is limited to automatic only access to the phone and internet while the Complete also offers operators, and the Complete Access account has an unlimited number of free branch transactions.
A rewarding Debit Card
This card also lets you access the CommBank Rewards program, which offers personalised cashback rewards based on your shopping habits. You can get cashback when you activate and redeem your rewards at participating merchants, such as supermarkets, cafes, clothing stores and more. The cashback will be credited into your linked CommBank account, so you can enjoy it however you want.
Commbank sometimes team up with utility providers too, to offer discounts on things like NBN and AGL. You’ll need to check the app to see what the current promotions are, as they often change.
Access to digital wallets
You’ll also be able to use your card with a range of digital wallets, such as Apple Pay, Google Pay and Samsung Pay, for fast and secure payments. Plus, there’s the added benefit and security of NetCode, which authorises certain online transactions with a one-time password. If you’re traveling and don’t have global roaming on your phone, you’ll still be able to authorise online payments through the CommBank app.
Commonwealth Bank uses MasterCard to process its transactions. This is one of the two top debit card providers in the world. This means that it is accepted in most international destinations, which gets over one of the main problems with EFTPOS cards which have a limited acceptance outside Australia. The debit cards can also be used on most internet sites that accept credit cards. MasterCard has a well-developed fraud detection capacity that complements Commonwealth Bank’s capability. The “zero liability guarantee” means that if there are wholly unauthorised transactions on the card that are reported quickly by the card holder then the card holder will not be liable for the transaction.
MasterCard also offer an applause programme which means that a card holder can have the first refusal at getting tickets for sports matches and concerts.
Commonwealth Bank is the second largest Australian company on the Australian Stock Exchange and it has the largest network of ATMs in Australia. It was set up by the Australian government in 1911 and was only fully privatised in 1996. This has influenced the way in which the bank has grown up as it sees itself as a generalist bank that covers the whole of Australia and it still has a relationship Australia Post which allows everyday account holders to deposit money through Post Offices.
The share trading side of the Commonwealth Bank, Commsec also offers a debit card on a no fee basis. This is available for the customers who are prepared to trade securities with Commonwealth Bank’s budget stock broker.
Kenneth Mackenzie
November 6, 2024When tapping, should a Mastercard be entered as a debit card , credit card or savings account?
admin
November 26, 2024Hi Kenneth, it can vary depending on how your account is set up, but usually if you table your Mastercard it will go through the credit card processing network. Sometimes if you insert your CBA card and choose “Savings” you can avoid any fees the merchant might charge. A good example of this is at Aldi. You can contact your bank by phone or pop into a branch to get them to check for you.
Sara
May 13, 2024Hi Amy , when i get a Debit Mastercard can i check my Account Balance through a ATM & get Money out of the ATM & Print a receipt out just like my Eftpos Card ?
admin
May 14, 2024Hi Sarah, yes you can both check your account balance, withdraw cash, and print receipts at an ATM. just as you would with your EFTPOS card.
Sharyn Lane
June 21, 2023can i pay for overseas accommodation up to $5,000 with a debit card?
if i did this could i still withdraw money from an ATM using my eftpos card on the same day?
admin
June 22, 2023Hi Sharyn, you’ve actually landed on Debitcards.com.au, one of Australia’s debit cards comparison site. Upon checking, CommBank Debit Mastercards have a maximum payment limit of $20,000 for unlinked accounts, $1,000,000 for BPAY, $5,000 for international money transfers, and withdrawal limit is $2,000 per day. If you have to use your debit card to pay for the accommodation, you can reach out to CommBank at 13 22 21 to discuss increasing your limits.
Steve Bennet
September 11, 2020I’m looking to use this card online to make a large purchase but my maximum ATM & EFTPOS daily limit is $2000 and what I want to buy is more than this, will I be able to make this purchase or will the $2000 limit prevent me from doing so even for online purchases?
admin
September 15, 2020Hi Steve, the $2,000 limit only applies to cash ATM withdrawals. If you go into a branch, then you can take out up to anything in your account. For larger amounts of cash you would need to make sure your bank has the funds. So you may need to give them a day or 2. In saying this, you should be able to purchase online over the $2,000 Cash ATM limit.
lubje Satakovski
July 5, 2020Why people have two debts cards
admin
July 27, 2020Some cards may have different features that you like. Or some may have different credit cards or other loans with certain banks. Thus getting a debit card account with that bank. I myself have 4 debit card accounts but I really use one.
robert mckenzie
March 17, 2015view transactions, statements etc online
Natalie palmer
December 29, 2014Can I get an advanced amount of my money the day before payday?
Amy
December 29, 2014Hi Natalie,
You can get an advanced amount of money if your debit card has an overdraft facility, although this usually has to be activated before you request the additional funds. CommBank’s website has a whole section about overdrafts for its debit cards.
The other option is to withdraw cash from a credit card (known as a cash advance), although this process typically attracts much higher fees so I’d suggest transferring the amount to your balance as soon as you get paid if you have to use this option. Hope that helps!