Key Takeaway: Commonwealth Bank does not directly offer stock investing through the Netbank app, only via the CommSec brokerage platform. That said, this is an expensive method that costs a minimum of $29.95 per trade.
We recommend an alternative stock broker in Australia like eToro that offers zero fee trading for over 8,000 stocks, ETFs, commodities and more.
Can I buy Stocks with Commonwealth Bank?
You cannot buy stocks directly through your Commonwealth Bank or Netbank App on web or iOS/Android. CommBank only offers stock trading through their brokerage platform CommSec, however, they charge an expensive fixed fee of $19.95 per trade. The CommSec user experience is also very outdated and is difficult to navigate for first-time users.
How to buy Shares with CBA Netbank
The easiest alternative to CommSec to buy stocks online with a CommBank account is eToro Australia. Their platform offers fast and cheap Australian Dollar (AUD) deposits via CommBank PayID to trade 6,000 stocks, ETFs, cryptocurrencies, commodities, and more. eToro AUS Capital Limited (ABN 66 612 791 803) is licensed by ASIC in Australia and holds an Australian Financial Services License (AFSL).
You can buy stocks in minutes through CommBank with this simple guide:
- Sign up to eToro Australia: Register to the eToro trading platform and verify your identity.
- Deposit AUD: Find the Deposit Funds button and transfer AUD from your CommBank net banking account.
- Find Asset: Find the stock, ETF, or another asset you want to buy on the eToro platform.
- Buy Stock: Input the AUD amount you want to invest and execute your trade.
Can you buy Cryptocurrency with CommBank?
CommBank did announce plans to release a crypto trading platform on the CommBank Netbank App, however they recently paused development due to volatility of the markets throughout 2022. This means that you cannot buy cryptocurrencies like Bitcoin, Ethereum, Solana and NFT related digital assets on CommBank or CommSec.
About Commonwealth Bank
Commonwealth Bank, commonly referred to as CommBank, is one of the big four banks in Australia. It was established in 1911 by the Australian government and is now one of the nation's leading financial institutions. CommBank provides a full range of banking and financial services products to its customers, including personal banking, business banking, corporate banking, wealth management, and insurance.
CommBank has a long history of supporting the Australian community. It was a major sponsor of the Sydney 2000 Olympic Games and is currently a major sponsor of the Australian cricket team. The bank also has a strong commitment to environmental sustainability, and has been recognised as a world leader in carbon reduction initiatives.