The cash account that ties it all together

Cash Management Account

Strength, simplicity and service

Incorporating the Commonwealth Bank's Accelerator Cash Account (ACA) and Term Deposit, our Cash Management Service acts as a single investment cash flow hub for investors and their advisers.

Convenience and features combined with the ability for advisers to view client balances and transactions1 and transact on their behalf2 making this account the natural choice for investors and their advisers.

  • For more information or to offer the Accelerator Cash Account and Term Deposit to your clients, call your BDM or CommSec Adviser Services on 1800 252 351 between 8.30am to 6.00pm Monday to Friday

Features

Competitive Rate

Competitive Rate

Speak to your BDM, Financial Adviser, Broker or Administrator to find out what great rate we can offer.
Simplicity

Manage Client Cash Flow

Transfer your clients’ funds seamlessly to any Australian account.
Convenience

Convenience

Enjoy the convenience of one cash management account to manage all your clients' investment cash flow needs.
Preferred Brokerage Bundles

Preferred Brokerage Bundles

Discounted brokerage rate of $25 or 0.11%*~ when linking your clients’ trading accounts to their ACAs.
Strength

Strength

Benefit from the strength and experience of the Commonwealth Bank – Australia’s leading account provider for SMSFs.
Service

Service

Expert support from the dedicated CommSec Adviser Services team, access to client account information, data feeds , Transition Services and cash flow management tools.
  • Adviser logic
  • BGL
  • COIN
  • Class Super
  • Midwinter
  • Platform Plus
  • Xplan
  • Agility
  • AMM
  • Banklink
  • GBST
  • Open Markets
  • Praemium
No transaction fees

No Account Keeping Fees

No account keeping fees means more cash to fund your clients' investments.

Interest Rates

Commonwealth Bank Accelerator Cash Account

For more information regarding the current interest rates on the Accelerator Cash account please speak to your BDM, Financial Adviser, Broker or Administrator.

Commonwealth Bank Accelerator Cash Account

Effective from 19 August 2016

 
Current Interest Rate Interest CalculatedInterest Paid

Retail (Individuals, Joint Individuals, SMSF, Family Trusts6, Individual Informal Trusts)3

1.65% p.a.4

Daily

Monthly

Non-household3

1.40% p.a.4

Daily

Monthly

Financial Institution3

1.15% p.a.4

Daily

Monthly

Commonwealth Bank Term Deposit

For current Term Deposit interest rates, see the Rates & Fees page on the Commonwealth Bank website.

Term Deposit Interest Rates


Fees

We believe having a Cash Management Account with us should help you make money, not cost money. That’s why the Accelerator Cash Account has no account opening fees and no account keeping fees.

Your clients will also benefit from unlimited electronic and assisted transactions. After all, no regular fees means more money to invest.

Of course there are certain things like overseas transactions and bank cheques that we do charge a small fee for but the good news is, you only pay for these services when you need them.

To learn more, view a copy of the Fees & Charges below.

Download Fees & Charges (PDF)

About the Commonwealth Bank Accelerator Cash Account

Who is it designed for?

  • Advisers & Planners wanting a robust Cash Management Account for their clients with account transaction and balance visibility through their planning software1 and the additional ability, where appropriate, to operate the account on their client’s behalf
  • Accountants and Self Managed Super Fund (SMSF) administrators looking for a cash management solution with class-leading features for their clients that integrates into their administration software1 to provide them with balance and transaction visibility and reporting
  • Full-Service brokers looking for a cash management settlement account for their clients with the security of a big bank that integrates into their back office1

What features do you receive?

  • Balance and transaction visibility through planning software1
  • Adviser transaction capability2:
    • Transfer client funds between linked client Commonwealth Bank accounts and to any Australian third party account
    • Collect fees from multiple clients simultaneously and transfer to your Dealer Group with the Batch Fee Collection functionality
    • Request statement reprints
  • Flexible adviser remuneration structure with commission and no commission options available at the client account level
  • Discounted brokerage rate of $25 or 0.11%*~ when linking your clients’ trading accounts to their ACAs.

How do we support you?

  • Adviser Service Team available 8.30am to 6.00pm Monday to Friday for information and support
  • Dedicated Relationship Manager and/or Business Development Manager

About the Commonwealth Bank Term Deposit

Who is it designed for?

  • Advisers, Planners, Accountants, SMSF administrators and Brokers:
    • wanting to pair a Term Deposit with the Accelerator Cash Account to create a robust Cash Management hub for their clients
    • looking to invest client funds for a selected term at a competitive, guaranteed interest rate

What features do you receive?

  • Balance and transaction visibility through planning software1
  • Adviser transaction capability2:
    • Transfer client funds between linked client Commonwealth Bank accounts
    • Transfer client funds to any third party account
    • Place money on term deposit for any term and withdraw prior to maturity3
    • Transfer client funds between linked client Commonwealth Bank accounts
    • Transfer client funds to any third party account
    • Place money on term deposit for any term and withdraw prior to maturity5

How do we support you?

  • Adviser Service Team available 8.30am to 6.00pm Monday to Friday for information and support
  • Dedicated Relationship Manager and/or Business Development Manager

For Clients

Commonwealth Bank Accelerator Cash Account

What features do you receive?

  • Simplicity of one account to manage cash flow movements in one place
  • Enjoy added convenience by using this as the settlement account for CommSec Adviser Trading·
  • Competitive at-call interest rates calculated daily, paid monthly
  • No monthly account keeping fees
  • 24/7 account access through Australia’s largest banking network including NetBank, ATMs, EFTPOS, telephone banking or any Commonwealth Bank branch
  • No minimum ongoing balance requirement and no minimum transaction amount
  • Flexible deposit and withdrawal options utilising direct debits or BPAY®
  • Full transaction history and quarterly statements online
  • Annual interest earned available on NetBank account summary pages
  • Security of funds protected under the terms of the government guarantee scheme

How do we support you?

  • Exceptional service and experience gained from helping Australians manage their cash flow needs for over 100 years
  • 24/7 client account access via NetBank
  • Convenient support through Commonwealth Bank branches and telephone banking

Commonwealth Bank Term Deposit

What features do we offer?

  • Enjoy the security of a fixed rate of return for the nominated term
  • Competitive, guaranteed interest rate
  • Selection of terms available from 1 month to 60 months
  • Flexible interest payment options
  • 24/7 access to account balance and transaction history through NetBank
  • Manage maturity instructions through NetBank (for registered clients)
  • No monthly account keeping fees
  • Security of funds protected under the terms of the government guarantee scheme

How do we support you?

  • Exceptional service and experience gained from helping Australians manage their cash flow needs for over 100 years
  • 24/7 client account access via NetBank
  • Convenient support through Commonwealth Bank branches and telephone banking

Forms

Account Origination

Account Application Forms

Apply for your client's account via online, Smart PDF or standard PDF form. Please choose the form that best suits your needs. For Trading account application, please ensure clients are also made aware of our Best Execution Policy.

  • 1. Online - Cash &/or Trading
    Please login first for the Online link to become active.
  • 2. Smart PDF Download - Cash, Trading &/or Investment Lending
    Right click, save to your computer (no tablets or mobiles) and open in Adobe Reader.
  • 3. Standard PDF - Cash

4. General Information Statement

Contains important information about the Commonwealth Bank Accelerator Cash Account and Term Deposit.
Updated: 30/03/2017

5. ACA Terms and Conditions

Contains the Terms and Conditions for the Commonwealth Bank Accelerator Cash Account.
Updated: 30/06/2017

6. TD Terms and Conditions

Contains the Terms and Conditions for the Commonwealth Bank Term Deposit.

7. Standard Fees and Charges

Outlines the Fees and Charges for the Commonwealth Bank Accelerator Cash Account and Term Deposit.
Updated: 01/02/2017

8. Wholesale Client Form

Use this form to identify your client as a wholesale client. This form and the required supporting evidence must be submitted with the application form for commission to be paid on the Accelerator Cash Account.
Updated: 21/11/2014

9. Identification Documentation Requirements

Outlines the process for certifying identification documentation including acceptable documents, how to certify documents and a list of people who can certify ID.
Updated: 27/06/2013

10. Job and Industry Classifications List

Use this form for the list of eligible Job Category and Job Types for individuals and Industry Category and Industry Type for companies and trusts.
Updated: 17/10/2015

11. Individual Tax Residency Self-Certification Form

Use this form to declare your country/ies of tax residency where it was not provided on the application form.
Updated: 30/06/2017

12. Organisation Tax Residency Self-Certification Form

Company/Trust applicants use this form to declare your country/ies of tax residency where it was not provided on the application form.
Updated: 30/06/2017

13. Individual Certification Form

Individual/Joint/Third Party Mortgagor applicants use this form to declare your citizenship/residency/tax status where it was not provided on the application form.
Updated: 17/07/2015

14. Entity Classification Form

Company/Trust applicants use this form to declare your primary business activity where it was not provided on the application form.
Updated: 17/07/2015

15. Certified Copies of ID Form

Complete this form if you did not identify yourself as an existing CBA customer in section 1 of the Application Form, or your adviser has not identified you by completing an FSC/FPA form.
Updated: 19/10/2015

16. Term Deposit Application for Existing ACA Clients

Use this form to setup a new Commonwealth Bank Term Deposit only for your client. Client or adviser* signature required.
Updated: 18/09/2017

17. Electronic Banking Terms and Conditions

Contains the Terms and Conditions for using ‘Electronic Banking’ facilities offered through the Commonwealth Bank Accelerator Cash Account and Term Deposit.

18. Form Acceptance Guide

Outlines signatories required and methods forms may be returned.
Updated: 01/10/2015

FSC Identification Forms

FSC (IFSA) Identification Forms to assist with client identification process.

  • 19. Individuals and Sole Traders
  • 20. Australian Companies
  • 21. Australian Regulated Trusts
    For SMSFs please use the Australian Regulated Trusts Form.
  • 22. Australian Unregulated Trusts

Customer Identification Checklists

Checklist to understand what customer information is collected and verified under AML/CTF obligations.

  • 23. Individual Customer
  • 24. Australian Domestic Proprietary Company
  • 25. Australian Listed Public Company
  • 26. Regulated Trust
  • 27. Unregulated Trust
  • 28. Self Managed Superannuation Fund
Back to top
Account Administration and Maintenance

29. New Adviser Form

Complete this form to setup an adviser from your dealer group to be able to offer Trading, Cash, Investment Loans and/or CALIA+ to clients.
Updated: 13/10/2015

30. Additional Adviser Authority Form

Use this form to provide an additional adviser or adviser assistant with access to an existing primary adviser's account.
Updated: 29/08/2016

31. Change or Removal of Adviser Form

Use this form to nominate a new adviser or remove an existing adviser.
Updated: 29/08/2017

32. Adviser Authority to Operate Form

Allows your client to authorise you to obtain information and/or conduct transactions on their account/s. Client and adviser signature required.
Updated: 18/09/2017

33. Transfer Request Form

Use this form to request a transfer of funds into and/or out of your client’s Accelerator Cash Account. Client or adviser*^ signature required.
Updated: 12/09/2017

34. Periodic Payment Authority Form

Use this form to start a new request, or amend/cancel an existing request for a periodic payment from your client’s Accelerator Cash Account. Client or adviser* signature required.
Updated: 18/09/2017

35. Change of Personal Contact Details Form

Use this form you update your client’s personal contact details. Client signature required.
Updated: 30/06/2017

36. Change of Personal Name Form

Use this form to change your client’s name details for their Accelerator Cash Account. Client signature required.
Updated: 19/11/2012

37. Change of Company Details Form

Use this form to update your client’s company details. Client signature required.
Updated: 30/06/2017

38. Change of Company Directors Form

Use this form to update the Directors/Secretaries on your client’s company account. Client signature required.
Updated: 30/06/2017

39. Account Closure Request Form

Use this form to request the closure of your client’s Accelerator Cash Account or Term Deposit. Client signature required for Accelerator Cash Account. Client or adviser* signature required for Term Deposit.
Updated: 18/09/2017

40. Authority to Operate Authorised Signatory Amendment Form

Use this form to add or remove authorised signatories in your office as authorised operators on your clients' Accelerator Cash Accounts. To be used in conjunction with the Corporate Authority to Operate form.
Updated: 18/09/2017

41. Corporate Authority to Operate Form

Use this form if you wish to authorise an entity to obtain information and/or conduct transactions on your account/s.
Updated: 18/09/2017

42. Authority to Operate Authorised Signatory Registration Form

Use this form to appoint authorised signatories in your office as authorised operators on your clients' Accelerator Cash Accounts. To be used in conjunction with the Corporate Authority to Operate form.
Updated: 18/09/2017

43. Dealer Group Bank Account Nomination Form

Complete this form to nominate the Dealer Group bank account to receive all adviser Batch Fee Collections.
Updated: 16/10/2014

44. Direct Credit Nomination Form

Clients complete this form to nominate up to ten bank accounts you would like your adviser to be able to move money to, from your Accelerator Cash Account*.
Updated: 18/09/2017

45. Datafeed Requests

For datafeed requests please email us or phone 1800 252 351.



Back to top

* Where signed Authority to Operate is in place.

^ The adviser can sign for some, but not all, transaction types.

Resources

'How-to Videos'

Account Origination

Part 1: Get Started

Part 2: Features & Preferences

Part 3: Manage Applications

The 'Manage Applications' feature enables advisers and assistants to track, retrieve or follow up on submitted or saved applications.

'Smart' PDF Application Form

The Smart PDF application form allows you to open a Cash, Trading and Investment Loan account or any combination of the three in a single application form.

Website Education

eSubmit

You can now securely submit your clients’ applications, maintenance forms, supporting documentation and adviser forms online in a few easy steps.

Action Centre

In the Action Centre, you can view your client's online account application progress and manage maturing Term Deposits.

Dashboard

When logged into the CommSec Adviser Services website you’ll see your dashboard featuring a client and various news and market widgets.

Online Demonstration

Learn how the Commonwealth Bank Cash Management Service works and how it can help you and your clients work together to effectively manage investment cash flow.
Updated: 19/11/2012

Cash Portal Quick Guide Brochure

Quick guide for CBA Accelerator Cash Account and Term Deposit Portal
Updated: 03/06/2016

Cash Flow Planner

Work with your clients to help them map out their cash flows with our handy Cash Flow Planner tool.
Updated: 30/05/2017

Interest Rate Sheet

This PDF contains the latest interest rates for the Commonwealth Bank Accelerator Cash Account.
Updated: 11/12/2015

Switching to us

Once your client’s new Commonwealth Bank Accelerator Cash Account is open they may need to update their regular direct debits (e.g. insurance premiums) and direct credits (e.g. salary).

The quickest and easiest way to do this is for your client to contact the organisations directly to update their account details. This can usually be done over the phone or online. However, the Commonwealth Bank does offer a number of different options to assist your clients with the process:

  • DIY letter templates (PDF) – Allows your client to complete and print a letter to update various payment instructions:

Instruction Sheet
Updated: 30/10/2015

Change of Direct Debit
Updated: 19/11/2012

Change of Direct Credit
Updated: 19/11/2012

Change of Salary Crediting
Updated: 19/11/2012

Dividend Payment Re-direction
Updated: 19/11/2012

  • A DIY online switching tool
Your client can head to the CommBank website where they will find templates and information to help them switch their Direct Debits and Credits to their new Accelerator Cash account.
  • Our assisted switching service
Clients can visit our Switching Service page for information on how to use the assisted switching service. (Note: This service is for individual or joint accounts only and is not suitable for Trust, Company or SMSF accounts).
Guide to Investment Services

Learn about our full range of products and services to help determine which one is right for you when investing on behalf of your clients.
Updated: 17/08/2017

Guide to Transition Services

Learn how our dedicated transition team can manage the whole transition process from start to finish.
Updated: 16/01/2017

Statement of Advice Guidance Wording

Use this wording as a guide when creating your own SOAs.
Updated: 26/06/2017

Data Feed Matrix

The Data Feed Matrix provides a list of all available data providers.
Updated: 21/07/2016

Client Resources

Manage your cash, Manage your life

A simple guide to effective cash flow management.
Updated: 18/08/2015

Client Brochure - Accelerator Cash Account

Help your clients understand the benefits of the CommBank Accelerator Cash Account and how it works with this easy to understand flyer.
Updated: 14/11/2014

Client Information Sheet

Updated: 17/10/2015

Your Guide to Cash Flow Management

Updated: 16/06/2014

Cash flow management

Good cash flow management is a powerful ingredient in the recipe for financial success. We have created an animated video you can share with your clients to help you explain the principles of good cash flow and the important role you can play in helping them achieve their financial goals.

FAQs

What is a Cash Management Account (CMA)?

A Cash Management Account (CMA) is a bank account with features geared towards cash flow management. A CMA is designed to help you and your clients manage their financial position with ease. Acting as an investment hub, various cash flows including income from salary, dividends and superannuation are directed straight into the account. The available balance generates income through interest paid before being used to fund other investment opportunities as they arise. CMAs can also be used as settlement accounts for share trades.


Can I obtain an account number prior to my clients completing the ACA Application Form?

Yes, please contact us and one of our Service Team members will generate an account number for you.


Can I operate my clients' Accelerator Cash Accounts (ACAs) on their behalf?

Yes, your clients can give you the authority to operate their ACAs to:

  • Transfer funds
  • Request statement reprints
  • Retrieve account balances and transaction history via your third party planning software

How can I obtain authority to operate on my clients' ACAs?

For new accounts, simply complete the 'Adviser Authority to Operate' section of the Application Form with your client.

For existing accounts, you and your client need to complete the Adviser Authority to Operate Form.


What kind of funds transfers can be made to and from the ACA?

Account holders and those with authority to operate the account can transfer money to any other bank account held at CommBank or another financial institution.

ACAs can receive funds transfers from any other bank account.


How do I transfer funds on behalf of my clients?

In order to transfer funds on behalf of your clients, you must have authority to operate their ACA - see the How can I obtain authority to operate my clients' ACAs? FAQ above.

You can transfer up to $30,000 using our online transfer tool. Once logged in, navigate to Administration > Payments & Transfers > Funds Transfers. Select the account you want to transfer funds from and the transfer type then follow the prompts to complete the transaction. Note: you will need to ensure both your client’s email address and your mobile phone number are registered with us.

For transfers above $30,000 you will need to complete a Transfer Request Form. The form will need to be signed by all relevant account signatories.


How can my clients transfer funds from their ACA?

Clients with access to NetBank can transfer the funds through NetBank or via the CommBank app. Clients without access to NetBank will need to complete and return a Transfer Request Form. The form will need to be signed by all relevant account signatories.


How can I register my clients for NetBank access?

Simply email your clients' ACA details to us at advisercashteam@cba.com.au and we will send them an email with their NetBank Client Number and an SMS containing their temporary password (valid for 28 days).


Do my clients need to provide their Australian Business Number (ABN) and/or Tax File Number (TFN)?

Providing your clients' ABNs and/or TFNs is not compulsory however if you don't, tax may be withheld from their interest at the highest marginal tax rate plus Medicare levy.

The information in this website has been prepared without taking account of your objectives, financial situation or needs. Because of this, you should consider its appropriateness, having regard to your objectives, financial situation and needs and, if necessary, seek appropriate professional advice. If a Product Disclosure Statement is available in relation to a particular financial product, you should obtain and consider that Product Disclosure Statement before making any decisions about whether to acquire the financial product. Any securities or prices used in the examples on this website are for illustrative purposes only and should not be considered as a recommendation to buy, sell or hold. Past performance is not indicative of future performance.

Issued by Commonwealth Bank of Australia ABN 48 123 123 124 Australian Financial Services Licence Number 234945. Ground Floor, Tower 1, 201 Sussex Street, Sydney, NSW, 2000. Accelerator Cash Account and Term Deposit are products of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 ('Bank') and are administrated by Australian Investment Exchange Ltd ABN 71 076 515 930 AFSL No. 241400 ('AUSIEX') under the CommSec Adviser Services brand. AUSIEX is a wholly owned but not guaranteed subsidiary of the Bank.

1 Not all software packages supported. Check with your Business Development Manager to see if your package is supported.
2 With signed Authority to Operate.
3Please refer to the ACA Terms and Conditions for the definition of a ‘Retail’, ‘Financial Institution’ and ‘Non-household’ entity type applicable for the Accelerator Cash Account. If you are unsure about the rate for your new account please speak to your BDM, Financial Adviser, Broker or Administrator.
4 This assumes no referral fee or commission is being paid. Rates may vary at any time with notice.
3Prepayment adjustment and administration fees may apply.
5Prepayment adjustment and administration fees may apply.
6Family trusts not in the business of operating and/or providing financial services to a third party.

* Discounted brokerage applies to clients who establish a new 'bundle' from 1 December 2014. A new 'bundle' can be established by linking a new or existing CommSec Adviser Services trading account with one or more new or existing Accelerator Cash Account, Investment Loan or Portfolio Services accounts. Please also ensure your existing Financial Services Guide reflects our pricing as applicable.
~ Whichever is greater.

BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518

Fees and charges apply. Please consider the General Information Statement and full terms and conditions available on application.

Issued by Commonwealth Bank of Australia ABN 48 123 123 124 Australian Financial Services Licence Number 234945. Ground Floor, Tower 1, 201 Sussex Street, Sydney, NSW, 2000. Accelerator Cash Account and Term Deposit are products of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 ('Bank') and are administrated by Australian Investment Exchange Ltd ABN 71 076 515 930 AFSL No. 241400 ('AUSIEX') under the CommSec Adviser Services brand. AUSIEX is a wholly owned but not guaranteed subsidiary of the Bank.