Commonwealth Bank Streamline Basic

Commonwealth Bank Streamline Basic

Fee Free Deposit


Account Keeping Fee


Get your pension paid to the Streamline Basic and pay no account or transaction fees.

  • No monthly account fee if eligible.
  • Access to Internet Banking, NetBank
  • Linked Debit Mastercard

Product details

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.

Product Name
Commonwealth Bank Streamline Basic
Monthly Account Fee
Debit Card Access
ATM Withdrawal Fee
Eligible if you hold a Commonwealth Seniors card, Pensioner Concession Card or Health Care card.
Joint Application
Fee Free Deposit p.m.
Overseas Eftpos Fee
Phone Banking
Internet Banking

What are the features of the Commonwealth Bank Streamline Basic account?

  • Fees. 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.
  • Mastercard PayPass. 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.


  • No monthly account fee
  • Access to over 4,000 ATMs and 1,000 branches
  • Access to NetBank


  • Strict eligibility criteria

How do I apply for the Commonwealth Bank Streamline Basic?

This 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:

  • 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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2 Responses

  1. Default Gravatar
    ShirleyApril 3, 2017

    Is the Complete Access Account a Streamline Account?

    • Avatarfinder Customer Care
      DeeApril 4, 2017Staff

      Hi Shirley,

      Thanks for your question.

      The Commonwealth Bank Complete Access is a transaction account but it is no longer available for new applications.

      If you are looking for a pensioner account, you can compare your options here.


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