Hi guys, first post on OzBargain so please help me out if I'm leaving out details.
Steps:
- Click link > fill out application
- Make one trade above $500
- Money comes in 15 Feb 2013.
I think that's it.
Open a CommSec Account and Get $200
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Stung by $1 fee. T_T
It's no where on the PDS but they can charge the fee.
I know I'm late but it appears there is a 0.5% per annum ongoing commission. Not sure though, all the fees are here:
That's usually related to managed funds.
There are lots of other fees which I shall list below in another post.
So has anyone yet verified how long you have to keep the shares before reselling?
Can I just tranfer the $200 to other bank accounts? Or it can only be used to buy shares?
You should be able to transfer it out. I assume it goes into the CDIA account that gets opened.
Probably doesn't affect many, but their Passport drop-down in the ID check page only allows a handful of selections: Australia, NZ, USA, UK, Euro, China (from memory). I tried to sign my wife up, but it's too much hassle if she has to go into a back to do her identity check. YMMV.
anyone not yet received an email confirmation/client number?
No confirmation email received here… but the last page of the application led me to a PDF application that I needed to print off, fill out and mail. Also needed to include certified copy of proof of my name. this was after successful passing the ID check with 3 forms of ID.
The application noted that once they receive this paperwork, the account will be setup and welcome email sent.
Quite a few hoops to jump through, but was looking to change from directshares soon anyhow.
That seems like a lot of work, I have a netbank account so all my information was verified on logging in but at the end of the application I was told I'd receive a confirmation email and login (different to my client number).
Ah ok - yes, I'm not a current CommBank customer, so more work for me :(
those people at commsec do seem to be generous.i hope they manage to make a living. i have had a debit card thru commsec(used to access cash in account) for years and it is free. the only problem i had was when i tried to use it to buy my groceries at woolworths. even though it is a mastercard debit card it didn't work. i rang commbank and they said they would cover the cost of the bill due to the inconvenience. i let it go and i hope they have fixed the problem since then. anyways, happy christmas.
I'm sure they're doing okay… CBA had A$7.090 billion profit last financial year.
Has anyone received their $200 yet?
Whoops, just realised the time period was now to 31st of january and the payment comes in on the 16th of feb !. Will probably buy one on the 28th of jan to be safe.
Just did mine!
For those of you that haven't bought yet, you may want to consider that $500 transaction. I just bought some thinking that it was going to be $502 of shares + $20 brokerage. However when it was executed, share prices went down and I only ended up buying $497. Commsec told me to call back once it has settled to find out if I am still eligible for the $200 or whether I would have to make another buy.
Went with a Share Pack. Pricey, but so far it is in the green. Hopefully it'll stay that way until the $200 amount is paid.
Sorry to say, but the T&C's mention share packs are excluded from this offer…
"This offer does not apply to CommSec Share Packs, International trades, Exchange Traded Options, Margin Lending, Day Short Selling, Term Short Selling OTC CFDs and ASX CFD"
WHAT!? So no buying AAPL shares :(
Dammit now I have to research Aus companies… Our share prices move.so.slow compared to US tech stocks…
Damn… still waiting for my client number - how long does it usually take? I applied on Saturday if it's any help…
Mine took ~4 working days from application to receiving the welcome email.
Got my Client number today - although I feel it has to do with me dropping them a message at their support page - http://www.comsec.com.au/public/toolssupport/CommSecContact.…
I got my confirmation email about 3 hours after I left the message :)
OK anyone got any late stock mail for this? I'm thinking QBE…
Yep bought QBE at 11.720 yesterday. I am no expert but I guess it's under-performing and should hit 13-14 mark soon.
I just bought QBE as well! I will hold it till at least 15 Feb.. My next pick for my wife's account will be Telstra - just want to take a convervative approach..
With the flood and bush fire, is it still safe to buy QBE shares?
I was thinking about the same thing. Probably I made a terrible investment decision…
It turns out to be an OK decision…
Yeah. Price has gone up a little in the last two days but it's still not breakeven yet…
In the end I decided to get QBE as well because all other such as Telstra and BHP were too high. Bought 46 units at $11.30 yesterday, looks like its now $11.75
I think we'll do just fine, QBE is doing quite well :)Yeah. I picked QBE for the same reason. I picked Origin for my wife. It's doing ok at the moment as well.
Looks like the promotion page is removed.
that suxs i was planning on signing up the wife today. anyone know of any other url likns? what if i sign up via http://www.investing.commsec.com.au/connect would i still get the $200?
same here. The website on that link doesn't seem to mention anything about the $200 offer unfortunately. I wonder if it's worth calling them and ask if there is an active link. Hmmm…
yes a phone wont hurt let us know?
i called they said it ended. they must of reached a set limit and pulled the plug early i guess that will teach me for leaving it to the last minute.
The Promotion for the $200 has unfortunately expired and is no longer available, which is why the link is not working. You may be interested in our Introductory Offer, available by copying and pasting the following link into your web browser's address bar: investing.commsec.com.au/homeoffer1
Please take some time to read the Terms and Conditions.
thanks coolsteps. shame.
Wait, so are they saying people who successfully registered using the link back in December, but who have not yet made a trade, are no longer eligible?
Or is it just talking about people who didn't sign up using the special link when it was still around?
this is just about new sign-ups. The signing up page disappeared.
Well, worst case scenario, you can argue for them to give you free brokerage.
I have registered and account opened last month with this promotion, but I have not made a trade yet. Is it too late now to make a trade in order to get the $200?
Read it, but still wanna ask: so is it a yes or no? Can I make a trade before close of business today and still get $200?
hmmm, it's confusing, the wording is a bit ambiguous:
[…] executing an eligible trade before 31 January 2013 when the offer closes
'Before' 31 Jan? I'm not sure if that means 30 Jan is the latest, or if trades executed on the 31st are still eligible.
Call them. They answer quickly. I'm pretty sure they'll say it's fine.
Argh too late… didn't know market closes at 4pm
I signed up and bought some shares (worth more than $500) before 31st Jan and have sold them today, would I get $200 ?
Should be fine - any trade (buy or sell) exceeding $500 and before the 31st should be eligible according to the T&C's.
Should be fine - any trade (buy or sell) exceeding $500 and before the 31st should be eligible according to the T&C's.
Keep in mind, however, the T&C's also say that you're not eligible if you purchased the shares for the sole purpose of getting the $200.
To be safe I'd recommend holding onto them until at least the 15th when they were supposed to pay out the extra $200. Sell them once you've got the money in your account.
I have sold them already but I am not yet closing my account, so it should prove that it's not for "the sole purpose of getting the $200"
I should've sold mine earlier when I actually could've made a profit. I was too greedy and now the shares have dropped in price.
If you guys bought any of the defensive stocks, you should be ahead.
I'm up even if they don't pay the bonus…
Thanks commsec for helping me time my entry into the market.
Unless of course, the market crashes next week which is highly probable since the US/EURO financial crisis is in the headlines again. Furthermore 11 months of successive gains is exactly when the previous two crisis started.
Some solid gains here with BHP! :D
This is the best bargain of all time - $200 for free, and the catch being you need to purchase some shares in an undervalued market (which I do anyway).
The stocks I picked, Origin and QBE are still struggling. I wonder if I should sell them now or keep them until the bonus is paid.
Anyone received the $200 bonus yet?
Waiting on the $200 bonus too. Wonder if anyone has received theirs?
Planning to buy more shares once I get the $200. QBE is doing quite well right now :)Damn right!
Heads up about some fees which are hidden related to holding "shares"
Custody fee for inactive accounts = $68 - Can't find which page it is on but it is there…
Custody fees are charged to accounts defined as inactive; that is, accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of USD$100 or more. Systematic reinvestment activity in mutual funds and/or exchange activity in mutual funds will be considered as a trade. However dividend reinvestment activity is not considered as a trade
I believe this fee only relates to international shares.
Okay, now for the ATM fees and use of the debit card. pgs 12-14
It states this:
You can use your CBA Debit MasterCard for fee-free withdrawals and balance enquiries at any CBA ATM in Australia. So it seems pretty ordinary.However, in the fees booklet, it states there may be some access fees. There are actually international access fees which is revealed from "Maestro Eftpos Purchase" which is an international transaction.
Statement fees - pg 17
There is a $2.50 statement fee which can be turned off in "NETBANK", not commsec. Although it states it defaults to paper statements in the terms and conditions, I believe mine was already set to online statements. Nevertheless it's good to check.
Transfers/Deposits to accounts at other banks: pg 17
If you remit any money from your account, you will have to pay $3.50 at minimum. I believe this is for staff assisted transfers, otherwise this would be a big money maker for CBA.
There may be other fees associated with Netbank, but I don't think they apply.
was worried about the "Custody fees -charged to accounts defined as inactive", but after some reading, its under the section of international shares and in $US, so we can be confident that it does not relate to leaving the CDIA inactive as what i thought.
CDIA statement fee is $1. Nowhere to be found on the documents but has been charged to my CDIA account!
I got charged $54 fees for not having enough money in my CDIA account to execute the share trade, LOL. Luckily commsec waived those fees because it was my first time.
Patiently awaiting my free $200 to roll in.. :D
You're not alone.
Just checked mine. No sign of it either.
x4 … think there are at least another 120+ as well going by the voteup ;)
Payday y'all!
Have you got your $200 yet?
Just checked, got nothing!
Nor I. Anyone want to give them a call and report back?
… I should have chosen the $600 brokerage instead…
I made a few large trades and still didn't get anything.me too.
Some commsec worker just negged me.
lol.I will repeat what I said a week earlier. You can scroll up to check.
I'm up ahead after accounting for capital gains but getting back to the principle, they haven't paid us the bonus.Don't you think you draw up this conclusion too soon? Just be patient and wait till 5.
Lol. wait until then, you guys will all be revoking your negs and revoking your positives for this deal.
Your neg was a bit like leaving someone a neg on eBay because the item they sent you didn't arrive before midday on the expected delivery date.
Was wrong to neg when you did, regardless how it turns out.
Seems you've just ended up revoking your neg… :P
Maybe they will pay at end of day? Fingers crossed for 5pm
commsec and cba is in the 7 day cross-institution settlement program.
if it hasn't come in already, i have doubts on why it would take so long.
eg. bank transfers from ubank to cba are settled every few hours.if this was being done manually at least some of us would have received our bonus by now.
understand the facts. but neg away because it shows they have a lot of social media experts. furthermore cba to cba should be instant.
That’s fair enough but for those who were participants of ING friend referral program, you will note both bonus payments were made at very late time during the day. For this reason, I still have faith in CBA.
just check again tomorrow, 12am if u like, cos its still the 15th before then as they promised
Either it it doesn't come in, the 3k I invested in the Vanguard ETF has made me $200 in the past month =)
No $200 either.
Today is the payment date according to T/Cs. Have you got your $200?
Just called CBA and apparently the $200 has been paid but not yet shown on the balance. I was advised to check on Monday.
mine came through within the last hour :)
Same for everyone else I should think.Cash is now on your CDIA!
sweet. i got it as well!
Yep, got mine too. Thanks OP.
Got mine as well, and I bought a Share Pack. I didn't know it at the time but apparently it was not eligible if you spent your $500 on Share Packs.
Got mine
Got mine too :)
Got my $200 bonus last night. Thank you OP and CommSec! I actually found it was easy to buy and sell shares - the CommSec online facility is great.
Got my $200 large too. Thanks OP.
Mine didn't show up
What number do I call to complain?
Got my $200 too; plus a 126%pa return on the shares I bought. Can't complain about that!
WHich share did you buy? if you don't mind me asking? :)
https://www2.comsec.com.au/media/58023/cdiaterms_conditions.…
Really? I've seen the $2.5 on p.17 fee but I don't think that's for a normal statement. Can you check again?