With more than 1,000 bank branches and one of the largest ATM networks in Australia, Commonwealth Bank offers a wide selection of checking, savings and term deposit accounts, depending on your personal or business financial needs.
Whether you open an account over the phone, in person or online, the process is simple and relatively pain-free.
Log on to the Commonwealth Bank website (see Bottom of page).
Under the "Personal" tab, click on "Bank Accounts."
Hit the "Getting Started" link in the upper-left corner under "Reaching Your Goals" to start the process of choosing and opening an account.
Hit "Choosing the Right Account" under the "Quick Access Menu" to review and decide what type of account you want to open at Commonwealth Bank.
View the "Account Comparison Table" to compare account options and features such as monthly withdrawal and minimum balance fees, limitations and interest rates.
Apply for an account online by clicking the "Online Application Form" under "Applying for an Account."
Read the "Privacy Acknowledgment and Consent" that pops up on your screen and click "Continue" to indicate your consent.
Begin the online application.
Decide if you need a transaction account or a savings account and select the account type under the corresponding category by clicking the appropriate radio button.
(Transaction accounts enable customers to make deposits and withdrawals, receive salary payments and pay bills.)
Choose a Smart Access, Complete Access, Streamline Account, AwardSaver Account, Youthsaver Account, Cash Investment Account or Pensioner Security Account.
Confirm that you're 16 or older and hit "Continue." Complete the personal details for your new account, including your name, gender, date of birth, marital status, occupation, address, phone numbers, email address, preferred language and your tax file number.
Indicate if your account will be owned by just you or jointly with someone else.
Check off if you'd like a confirmation email after you save or submit your application, whether you already have another account with Commonwealth Bank and whether you want card access.
Click the "Marketing Information" box if you want to receive information about new products and services. Hit "Continue."
Complete your application by filling out the details about your deposit account on the next page. Review your online application to confirm that the information you entered is correct and legal and hit "Submit."
Wait for email confirmation and wait for approval of your new account.