In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Commonwealth Bank Smart Access everyday account

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Commonwealth Bank Smart Access

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Fee Free Deposit
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee

Our verdict

This is a transaction account for everyday spending that charges no account keeping fees if you're under 25, a student or if you deposit $2,000 a month.

The Smart Access account is designed to manage your everyday spending, pay bills and get paid. You can keep track of your spending with the CommBank app, which is the number 1 banking app in Australia. The app automatically groups your spending into different categories (for example entertainment and eating out) so you can get a better idea of where your money is going. You can also use the app to get cash out from eligible CBA ATMs without your debit card.

There is a $4 monthly account fee which can be waived if you’re under 25, a student or when you deposit $2,000 a month. This deposit requirement is quite high, so make sure you can realistically meet this before opening this account otherwise you’ll be charged the monthly fee.

You can access all CommBank ATMS in Australia and around the world for free, but there’s an international transaction fee of 3% applied when you make purchases overseas with the debit card and when you shop online from overseas retailers. If this is something you do quite often, there are debit cards that don’t charge this fee available.


  • Unlimited transactions online
  • Account keeping fee can be waived if $2000 is deposited in this account monthly
  • Free access to 4,000+ ATMs and 950 branches
  • Access to CommBank app and NetBank
  • Withdraw cash without your debit card with Cardless Cash
  • Tap and Pay on Android and iPhone (with PayTag)


  • Overseas ATM fees may apply
  • There is a 3% foreign currency transaction fee
  • Must deposit $2000 each month for the account keeping fee to be waived

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

With the Commonwealth Bank’s Smart Access everyday account you can withdraw money for free through one of the most extensive ATM networks in Australia. You'll get a linked debit MasterCard giving you the convenience of shopping in-store, online and over the phone. You can also track your spending 24/7 using the popular CommBank app.


Key details

Product Name Commonwealth Bank Smart Access
Monthly account fee $4
Card access Mastercard
Own network ATM fee $0
International ATM Fee $5 + 3%
International transaction fee 3%
Monthly deposit required to waive account fee $2,000
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay


Minimum Age 14
Joint account availability No
Minimum opening deposit N/A

Key features

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$0 Monthly fees when you deposit $2,000 per month (other eligibility criteria can also apply)

You are charged a $4 monthly maintenance fee with this account. That fee is waived each month you are able to make a total of $2,000 in deposits. For individuals aged 21 to 24, you only need to deposit $1,000 to have the fee waived. For those under 21 or on Student Options that fee is also waived.

Linked Debit Mastercard

The account is linked to a debit Mastercard which can be used to make withdrawals and purchases using the balance in your account.

How to apply

If you find that the features of the Smart Access account provide you with all that you need to conduct your daily financial transactions, you can apply online.


Before proceeding, check that you are able to meet the eligibility requirements for this account:

  • Minimum age. This account is available for individuals aged 14 and over.
  • Residency requirements. You must have a valid Australian residential address. If you are moving to Australia or just recently arrived you can contact Commonwealth Bank to begin your application.

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September 18, 2023

Hello, how do I apply to open the account online?


Alison Banney Finder

September 21, 2023

Hi, you just need to start the online application form by clicking “Apply now” on the bank’s website. You’ll need to verify your identity with 2 forms of ID.



July 12, 2023

Where I live we have no ATMs or bank outlets. Can you tell me if there is a fee for withdrawing money at a Post Office from Commonwealth bank accounts?


Sarah Megginson Finder

July 13, 2023

Hi Karen,

You can withdraw up to $2,000 per transaction using your CBA card. Australia Post does not charge any extra fees for its Bank@Post services, and at the time of writing CBA doesn’t charge any fees either.

Hope this helps!


Rishav Ghosh

May 24, 2023

Do I get to access my statements on a regular basis or is it monthly ? Other than app, does Smart Access allow internet banking ?


Alison Banney Finder

June 08, 2023

Hi, you can access your account via Internet banking and see current statements and full transaction history.



May 19, 2023

re CommBank Everyday Smart Access a/c: do I need to have the balance of 2000 in the a/c at all time?


Sarah Megginson Finder

May 19, 2023

Hi Vivienne,

As long as you deposit at least $2,000 (or $1000 for those aged 21-24; $0 for those under 21) the monthly account keeping fee is waived. The balance can drop below $2000 without impacting this fee waiver and there is no minimum balance requirement for this account.

Hope this helps!

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July 01, 2022

Can you have foreign currencies in this account?


Alison Banney Finder

July 10, 2022

Hi Lachie,

While the account can transfer and receive funds abroad, it can’t hold foreign currencies since the money will be automatically converted after it’s received. If you’re in search of an account that allows you to hold several different currencies at once and switch between currencies when needed, you can look into getting a foreign currency account. You can explore and compare accounts here. 

All the best,


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