CommSec Cash Investment Account - Aussie Stock Forums

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  1. #1

    Default CommSec Cash Investment Account

    The online transfer between CommSec Cash Investment account (CIA) and Cash Management account (CMA) should be instant.

    But when I transferred $10,000 from CIA to CMA, I couldn't buy about $10,000 worth of OZL, the error was that I exceeded the limit and have to make a deposit - I just did - $10,000 instant transfer.

    The purchase I was making is below $10,000 including brokerage fee. In the end I bought 3500 OZL shares for $5794.

    Although the transfer was made but my CMA account still showing $0, maybe that's why I could not buy $10,000 worth of shares but isn't the tranfer instant as stated on CommSec website?

    And the limit I exceeded, what limit?

  2. #2
    LeeTV's Avatar
    Join Date
    Jun 2008

    Default Re: CommSec Cash Investment Account

    Why don't you just contact CommSec directly? The same thing happened to me and I contacted CommSec and they emailed me a responce but I can't remember what it was, not much help I know

  3. #3

    Default Re: CommSec Cash Investment Account

    I think you can withdraw the money from ATM, but you can't use it for trading (until next day). Apparently Comsec will have this issue fixed, but I doubt it's high on their priority list.

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