The Commonwealth Bank waives monthly account keeping fees and transaction fees when you get your pension paid directly into the Streamline Basic Account. If you’re a pensioner, this account can simplify your everyday banking giving you unlimited free online and staff-assisted branch withdrawals.
Commonwealth Bank Streamline Basic
- Account keeping fee
- ATM withdrawal fee
- Overseas ATM withdrawal fee
- Overseas transaction fee of transaction value
This transaction account is available to customers with a valid seniors card, healthcare card or pensioner concession card. The account charges no monthly account keeping fees and customers have no minimum balance to maintain or monthly deposit condition to meet.
This account also offers easy access to your money in a number of ways, including via the linked Debit MAstercard, Internet and mobile banking and you can also make unlimited free transactions in a CommBank branch with the assistance from bank staff. This could be helpful if you often receive assistance to deposit cash or cheques or make withdrawals from the account.
If you’re not eligible for this account, you can take a look at the CommBank Smart Access Account instead.
No monthly account fee
Access to over 4,000 ATMs and 1,000 branches
Access to NetBank
Strict eligibility criteria
|Product Name||Commonwealth Bank Streamline Basic|
|Monthly account fee||$0|
|Own network ATM fee||$0|
|International ATM Fee||$5 + 3%|
|International transaction fee||3%|
|Monthly deposit required to waive account fee||N/A|
|Contactless Payments||Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay|
|Joint account availability||No|
|Minimum opening deposit||N/A|
No application fee, monthly account keeping fees and no fees if you overdraw your account. International transaction fees such as currency conversion fees and international ATM fees apply when you use the Mastercard Debit Card to make a purchase outside of Australia.
Visa Debit Card or Keycard
Choose between a Commonwealth Bank Keycard or a Commonwealth Bank Debit Mastercard. Use the Keycard to make free EFTPOS purchases at shops and free ATM withdrawals at over 4,000 Commonwealth Bank and Bankwest ATMs. The Debit Mastercard lets you do this too, as well as make online and over the phone purchases in Australia and overseas wherever Mastercard is accepted.
The Debit Mastercard lets you tap and go for purchases under $100 using Mastercard PayPass.
Over the counter account access
Make free unlimited staff assisted over the counter withdrawals at over 1,000 Commonwealth Bank branches.
Electronic account access
Free unlimited telephone and internet banking transactions. Register for Netbank so you can pay bills using BPAY from your computer, tablet or smartphone 24/7. Netbank also lets you view your account balance and set up recurring payments such as direct debits to your telecommunications provider.
Instant transfers between Commonwealth Bank accounts
Make instant transfers between the Commonwealth Bank Streamline Basic transaction account and Commonwealth Bank savings accounts when you register for Netbank.
For pensioners and concession card holders
You must be a pensioner and have your pension paid into the Streamline Basic. Provide a valid Commonwealth Seniors Health Card, Pensioner Concession Card or Health Care Card when you apply for this account in person.
How to applyThis account must be opened in person. You need to provide a valid Commonwealth of Australia concession card to the Commonwealth Bank to apply for this account.
The following eligibility criteria apply:
- Age. You must qualify for the Australian aged pension to apply for the Commonwealth Bank Streamline Basic.
- Pension holders. You must supply a Department of Human Services (DHS) concession card to the Commonwealth Bank to apply for this everyday bank account. Eligible concession cards include the Senior's Health Card, Pensioner Concession Card or the Health Care Card.
- Residency. You must be an Australian resident to apply for this account.
- Deposit. There is no minimum deposit required to open the Streamline Basic everyday bank account.
Commonwealth Bank requires you to continue to verify your eligibility for the Streamline Basic account. You may be asked to visit a Commonwealth Bank branch a period of time after the account has been opened to show your valid concession card. Commonwealth Bank can switch the Streamline Basic to the Everyday Account Smart Access bank account if you fail to verify your eligibility.
As well as providing a valid DHS concession card, you'll need to give the following information to the Commonwealth Bank to open the Streamline Basic account.
- Identification. Provide one form of primary identification or a combination or non-photographic identification when you apply for the Commonwealth Bank Streamline Basic. Primary photographic identification can include your state or territory drivers licence, proof of age card or passport. Secondary non-photographic identification can be your Centrelink, Medicare or DHS concession card.
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September 15, 2023
Can a concession card holder have two streamline basic accounts with the same bank concurrently ?
Alison Banney Finder
September 21, 2023
Hi Barry, please get in touch with CBA directly to discuss your application and request for multiple accounts in the same name.
September 06, 2023
I was once taken to court for [hidden by Finder] but I was not convicted because I was innocent will that in my background will that stop me from getting a bank account with the commonwealth bank
Alison Banney Finder
September 08, 2023
Hi Christine, you will need to speak to Commonwealth Bank directly regarding your application.
October 26, 2021
Hello, is the payment option/s OSKO and PayID available with a Commonwealth Bank Streamline basic account ?
Alison Banney Finder
November 03, 2021
Yes, CommBank Streamline basic account is eligible for PayID registration. While it’s unclear if Osko is also available for this account, the service is available within the CommBank App, NetBank and CommBiz. To confirm if it can be used for this account type, we suggest that you check with Commbank directly.
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April 03, 2017
Is the Complete Access Account a Streamline Account?
Anndy Lou Finder
April 04, 2017
Thanks for your question.
The Commonwealth Bank Complete Access is a transaction account but it is no longer available for new applications.
If in case you’re exploring other options, please check the pensioner accounts featured on our website.
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