Commonwealth Bank Mastercard Debit
Available with either Commonwealth Smart Access account or Commonwealth Complete Access account, your Commonwealth Bank Mastercard Debit gives you low cost secure access to funds to make purchases and payments in-store, over the phone, or on the Internet anywhere MasterCard is accepted. The Commonwealth Bank Debit Card (through Mastercard) is one of the latest offerings from the major Australian banks & CBA have gon all out to create a great debit card product. As the latest of the big 4 banks to launch a debit card product, the Commonwealth bank hope that they can learn from their competitor's mistakes and produce Australia's best debit card.
Debit Card Account Fees:
$4 per month
Card fees waived for full-time tertiary students and war veterans or aged pensioners whose pensions are paid into their account.
Complete Access account:
$6.00 per month
Fees waived for full-time tertiary students and war veterans or aged pensioners whose pensions are paid into their debit card connected account.
Features:
• Receive interest on your Smart Access Account balance.
• Access your money anywhere MasterCard is accepted (27 million locations worldwide).
• Enjoy unlimited Commonwealth Bank ATM, unassisted phone, internet, and EFTPOS transactions with your debit card. (Fees may apply to some transactions)
• Unlimited electronic transactions through Commonwealth Bank ATMs, EFTPOS, and NetBank without incurring extra bank charges.
• Mastercard Paypass™—gives you the choice of making purchases of $35 or less at partcipating merchants without a signature or PIN. Just 'tap' your card on the PayPass reader and wait for the green light!
• Secure chip enhances debit card security, making it more difficult to fraudulently copy your card.
• Access to NetBank and telephone banking 24 hours a day, 7 days a week.
• Scheduled payments for regular bills
• Direct deposit of salary or other income into CBA account.
• Link to other Commonwealth Bank accounts for quick and easy funds transfer between accounts.
• Global access to your money through Maestro EFTPOS, Mastercard and Cirrus ATM networks worldwide. (Fees apply)
Similar Cards:
The closet competing card to the Commonwealth Debit card would be the Complete Freedom Visa Debit from St George. Fees are $7 a month so it will cost you $12 per year more but you'll get many more features such as free SMS alerts, interest offset option plus many more. Make sure you compare.