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Broker
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Ashraf Shahhat
Within 1 year

Does CommBank charge any inactivity fees, and if so, what are the conditions?

Broker Issues
CommBank
Fees and Spreads
07-25
United States
WikiFX
Reply

Based on my review of the available information on CommBank, there is no explicit mention of inactivity fees for their everyday transaction accounts, savings accounts, or investment accounts such as CommSec Share Trading and Pocket Account. In my own experience managing both trading and savings accounts with traditional financial institutions like CommBank, I make it a priority to carefully check their published fee schedules and account terms before opening or funding any account. For CommBank, the context provided lists detailed fees for transactions, foreign exchange, investment trading commissions, and other services, but it does not outline any penalty or recurring charge associated with account inactivity. While this omission is generally a positive sign, I remain cautious because financial institutions sometimes change their fee policies or include less-common fees in detailed account agreements rather than in summary materials. My approach, especially with products involving investment or extended holding periods, is to directly confirm with customer service or consult the latest product disclosure statements. As an experienced trader focused on risk management, I advise anyone considering CommBank’s investment or transaction accounts to periodically review their account status and the latest fee documentation. A conservative practice is to reach out to CommBank support for the most current information so you can avoid surprises. To my knowledge and from the data at hand, CommBank does not currently impose inactivity fees on their main account types. However, due diligence is essential, as fee structures may evolve over time.

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