Commonwealth Bank

Booked in your home lending specialist appointment? Our Senior Home Lending Specialist, Zain, tells us what you might get asked.

🏡 What are your short, medium- and long-term goals? Is your goal to purchase a family home, a second home or an investment property? Your goal could impact the type of loan we recommend.

🏡 How is a home loan going to help you progress further towards these goals? Investing in property may help you achieve your financial goals, but as with all investments, there are potential risks that you should consider.

🏡 What is the optimal deposit you can save? The bigger your deposit, the smaller your loan will be. Ideally, you should aim to try and save as much as possible before buying a home.

*T&Cs, eligibility criteria apply. Applications subject to credit/lending criteria.

Send a message to learn more

Three things we’ll never do: scams edition 👇

1. Send you a text message asking you login and verify your details via a link.
2. Call you by a generic name like “Hi Customer” or simply “Hey/Hello”.
3. Ask you to transfer funds, share your screen or reveal your passwords.

Scammers are finding more sophisticated ways to target our customers every day. As our branch manager Saly Gad found out last month, sometimes their methods can be convincing.

“I recently had an experience with a nervous customer who had come into our branch looking to transfer money to a friend in the USA. It turns out, a scammer had hacked into our customer’s accounts and transferred money from his savings to his transactions account. The scammer couldn’t transfer straight into his own account because the CommBank app required a code to send the money. That’s when the scammer called our customer and convinced him that he was a Microsoft staff member who urgently needed the customer to transfer him 10k so he wouldn’t lose his job.

It's part of our training to be attentive and notice when a customer is uncomfortable. That’s how we were able to identify and verify the facts when our customer was at his most vulnerable. I am glad that in this circumstance, we were able to catch the scam before it happened and save our customer thousands of dollars and a lot of stress.”

Just as our customer experienced here, scammers will try to put pressure on you to act quickly and with emotion to get what they want.

Remember if it doesn't seem right, it probably isn't. Stop🛑, Check🔎 and Reject❌.

Buying your next home? Our Home Lending Executive, Victoria, chats through the things you should be considering before you get started.

🏡 What are your reasons for buying? Is it to upsize, are you searching for an investment opportunity or are you looking to move for work or for school opportunities for the kids. This could impact the type of loan we could offer.

🏡 How can you use the equity in your current property to help with this next purchase? You may be able to access your equity and use it as a deposit for your next one or you may be able to use your current property as security for the home loan on your next property.

🏡 Have you considered how much you can afford? You’ll need to assess your current financial situation as this will help to determine your borrowing power whilst taking into account your current home loan repayments.

*T&Cs, eligibility criteria apply. Applications subject to credit/lending criteria.

Send a message to learn more

We’ve read the 2024 Federal Budget so you don’t have to. Here’s everything you need to know 👇

👪 Cost of living support in the form of redesigned income tax cuts with the focus shifted down to low-middle income earners.

⚡ From the first of July 2024, the government will provide rebates of $300 to every household in Australia.

🏡 $1.9 billion to enhance Commonwealth Rent Assistance by 10%, building on last year's 15% increase.

📚 Support for tertiary students by changing the indexation of student debt, backdated to 2023. This means a student with the average debt of $26,500 will receive a credit worth $1,200.

💊 $3.4 billion in additional support for the Pharmaceutical Benefits Scheme (PBS), including treatments for certain types of heart disease and breast cancer.

👷 $6.2 billion in new initiatives to assist in building more homes. $1 billion will be made available to the states to unblock utility and infrastructure bottlenecks that is preventing housing being built.

Head to the comments to read our detailed report of the 2024 Budget.

Happy Mother’s Day to all the mums out there, we know what you really want 💛

Heads Up! We’re running scheduled maintenance this weekend to make some improvements. The CommBank app and NetBank won’t be available between 12:00am and 8:00am AEST on Saturday 4 May 2024. Cardless Cash won't be available from 11:20pm AEST on Friday 3 May 2024. We're sorry for any inconvenience.

It’s World Password Day. This is your reminder to always choose a strong and memorable password/passphrase. Here’s 5 common ones you should avoid:

123456
password
qwerty
abc123
TheSamePasswordYouUsedLastTime

At the going down of the sun and in the morning, we will remember them. Lest we forget.

Yep, that’s right, we’ve been here for a pretty long time.

From the first deposit made on the 11th January in 1915 during the Edwardian era through to the 20th century, our Tamworth team has been dedicated to helping customers with all of their banking needs for over 100 years.

Petition to call it daylight spending when we lose an hour and daylight savings when we gain an hour.

It’s your vote. Vote now for a local organisation to receive a funding boost from CommBank’s Community Donations program.

Are you a current homeowner and you’re trying to work out how much of your equity you can use to help with your next goal? As a guide, here’s what your useable equity might look like if you have a home valued at $850,000.

Useable equity is generally calculated as 80% of the value of your home minus the value of your loan.

*Applications subject to credit approval, image and figures for illustration only.

Say hello to some of the very first recipients of the Growing Football Fund 👋

In partnership with Football Australia , we recently announced the 121 amazing clubs and associations who would receive funding to help drive participation, enhance coaching and remove financial barriers to help more girls into the game.

We know that grassroots sport is the cornerstone of many communities, and the fund is all part of our commitment to support women’s football, helping develop the CommBank Matildas of tomorrow.

Scammers are on the hunt this Easter. Follow these three simple steps to help you and your business stay safe.

STOP 🛑 If a call, email or text seems off.

CHECK 🔎 Ask someone you trust or contact the organisation.

REJECT ❌ If unsure, hang up and block the number or delete the email or text.

UPDATE 01:10AM - Services are being restored. We apologise to customers who encountered difficulties accessing some of our services this evening. The CommBank app and NetBank are now available. Customers may still experience some delays to payments.

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UPDATE 11:15PM - We're aware some customers are having difficulty viewing current balances or making payments in the CommBank app. NetBank is also unavailable.

We're currently investigating and are working hard to get it fixed. In the meantime, debit and credit cards are working, however, some limits may apply. There may also be delays to payments made between CommBank and other financial institutions.

We'll post updates as they come right here. You can also stay up-to-date on the latest here: https://www.commbank.com.au/about-us/support/commbank-incidents.html

Keeping your kids safe online doesn’t have to be complicated or scary. Here’s three easy to remember tips for the next time you’re talking about staying safe online. Remember to Stop 🛑, Check 🔎 and Reject ❌ calls, emails and messages that look suspicious.

How can you be more in control of your money? 🤔 This our Personal Finance Expert Jess Irvine has three steps to help you feel more empowered when it comes to your finances 👇

🏦 Have your own bank account and keep track
Make sure you’re regularly checking on all your accounts, debts and superannuation. And make sure you always have a complete picture of your net worth (the value of everything you own minus everything you owe)

🛡 Protect and invest in your income-earning capacity
Continue to invest in your own skills and development, even if you’re taking time out of the paid workforce to care for your family. You never know when you might need them.

🤓 Learn to invest
It’s never too late to learn about investing, but the earlier you start, the better. If you do enter any new relationships, remember to take stock of your net worth so you can protect your wealth going forward.

Continue on your journey of building a brighter future for yourself by picking up a copy of Brighter Magazine in branch or searching ‘Brighter’ on our website.

Are you about to embark on your home buying journey and trying to work out if you can afford those monthly home loan repayments?

Here’s what your monthly home loan repayments might look like based on your loan amount with a principal and interest home loan at a standard variable rate of 6.49% p.a. on a 30-year loan term.

We’re on our way ✈ Thank you for continuing to inspire the nation, CommBank Matildas

Heads up! We’re running scheduled maintenance this weekend to make some updates to our systems. NetBank and the CommBank app won't be available between 2:00am - 8:00am AEDT on Saturday 17 February 2024, with Cardless Cash unavailable from 1:20am. Thanks for being patient with us.

Roses are red, violets are blue,
We’re not great at poetry
So here's a reminder for you.

Valentine’s scammers are lurking around,
In your DMs, they’re sure to be found,
Watch out for the signs, don’t send them money,
Even if their bio says “I’m 6’4’ and funny”.

They’ll often tell lies, that’ll sing to your heart,
Acting head over heels, that’s just the start,
So hear this warning and learn how to detect,
By always remembering to Stop, Check and Reject.

🚨 Watch out for Black Friday shopping scams 🚨

Last year, Aussies lost more than $9 million dollars to online shopping scams. Watch out for these three scammer tricks to help keep you safe 👇

1. Fake websites that look like genuine stores offering products at very low prices. Pro tip: pay close attention to the website URL as often only one element will be different to the genuine store.
2. Sellers asking for payment via direct bank transfer or cryptocurrency.
3. Websites with limited information about delivery, return and privacy policies can all be signs of a scam.

If the price is too good to be true, then it probably is. Remember to Stop 🛑, Check 🔎 and Reject ❌ any calls, emails and messages that look suspicious.