Commsec Cash Management

[dead trader]

Hi,

I opened a CBA cash management account last Wednesday, with an initial opening balance of $150. In the CCA I can 'see' the $150 in the account balance, however it's not showing up as the available balance.

As a result of this I'm also unable to transfer this amount into the CIA (cash investment account).

Has anybody had the same problems? Or know what's going on?

 

[robusta]

Not sure on the answer but why don't you open a UBANK account you can get 5.85% interest at call and link it to your Comsec account to be debited/credited when you make trades and also to be credited with your dividends?

 

[investyoung]

Hi,

I opened a CBA cash management account last Wednesday, with an initial opening balance of $150. In the CCA I can 'see' the $150 in the account balance, however it's not showing up as the available balance.

As a result of this I'm also unable to transfer this amount into the CIA (cash investment account).

Has anybody had the same problems? Or know what's going on?

I had the same thing when I opened my CCA account - you have to wait like 4 working days or something and it will become available.

Now, I have a seperate problem - I previously had a comsec customer number, then when I signed up for CCA I received a client ID.

I can still login using my trading cust number which shows my share portfolio, but doesn't let me use the client ID to see my CCA balance.

I used to be able to do it before, anyone having the same problem? I can't find any other login info.

 

[So_Cynical]

Not sure on the answer but why don't you open a UBANK account you can get 5.85% interest at call and link it to your Comsec account to be debited/credited when you make trades and also to be credited with your dividends?

Because its just tooooooooooo easy to do instant transfers online (with comsec) and you get a Mastercard debit card too so you can get easy instant access to your cash via ATM etc.

UBANK, RABO etc great for money that's sitting around for a while....as soon as my trade goes thru i transfer into comsec....and im still getting a good return.

 

[snowking]

Not sure on the answer but why don't you open a UBANK account you can get 5.85% interest at call and link it to your Comsec account to be debited/credited when you make trades and also to be credited with your dividends?

I set up a UBank account for that purpose and used it for a while, but after doing some quick calculations I worked out that with the time lost between transferring money etc the interest benefit was negligible...plus if something came up and i needed extra funds i also had to wait so in my situation just as easy to keep it all in the one place.

Don't get suckered in by the headline rate if it doesn't suit your situation