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
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 3%
Our verdict
Get your pension paid to the Streamline Basic and pay no account or transaction fees.
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.
Pros
-
No monthly account fee
-
Access to over 4,000 ATMs and 1,000 branches
-
Access to NetBank
Cons
-
Strict eligibility criteria
Details
Key details
| Product Name | Commonwealth Bank Streamline Basic |
| Monthly account fee | $0 |
| Card access | Mastercard |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $5 |
| International transaction fee | 3% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | No |
| Minimum opening deposit | N/A |
Key features
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.
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Alison Finder
Editor
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Barry
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.
Christine
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.
steve
October 26, 2021
Hello, is the payment option/s OSKO and PayID available with a Commonwealth Bank Streamline basic account ?
Thank you
Alison Banney Finder
November 03, 2021
Hi Steve,
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.
Thanks,
Alison
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Shirley
April 03, 2017
Is the Complete Access Account a Streamline Account?
Anndy Lou Finder
April 04, 2017
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 in case you’re exploring other options, please check the pensioner accounts featured on our website.
Cheers,
Anndy
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Angus Kidman Finder
September 23, 2024
Hi Suzanne, Generally speaking, bank account numbers aren’t transferable – so if you switch to a new Streamline Basic account, the number will be different. As you have to apply in person for this account, CommBank staff will be able to advise on how to effectively make sure any bills automatically paid from the old account are migrated to the new account. Hope this helps.
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