Commonwealth Bank launches new accounts
Australian lender Commonwealth Bank has launched two current accounts offering customers unlimited electronic and assisted transactions, Streamline e-Access and Streamline Unlimited.
<p>Streamline e-Access is a transaction account with unlimited electronic transactions including Commonwealth Bank ATMs, self-service telephone banking, NetBank and EFTPOS for A$4 per month. Streamline Unlimited offers unlimited electronic transactions coupled with unlimited branch and agency withdrawals, cheques written and assisted telephone banking for A$6 per month. <br /><br />Michael Cameron, Commonwealth Bank's group executive for retail banking services, said: Our research has found a large number of customers prefer to do their banking via electronic channels, while others prefer the convenience and personal service of our branches.<br /><br />The current standard Streamline transaction account will remain in place for existing customers. Mr Cameron said the Commonwealth Bank would continue to offer fee exemptions for approximately a third of the Bank's customers including people less than 18 years of age, tertiary students and customers with special needs who are unable to use electronic banking; Australian aged and war veteran pensioners and customers with a relationship balance of A$50,000 or more.</p>
Related Insight
Suppliers Directory
Wealth & Assets Management Asset Management Hedge Funds Private Equity Mutual Funds
Intermediaries Prime Brokerages Custody & Clearing ECN & Exchanges
Technology Banking Technology Security Tech Outsourcing & BPO
Policies & Regulatory Compliance Risk Management
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.