Transferring Your Funds to Commonwealth Bank
Electronic CHAPS Payments:
An electronic Inter-bank transfer through the CHAPS system, which usually arrives as cleared funds on the same day as it is sent by your bank. Please Note: Your bank will normally charge a fee to transfer funds from your banking institution to your London Transfer Account.
Bankers Automated Clearing System (BACS) including Internet Payments:
Funds transferred via the standard bank clearing system will take 3-4 working days to arrive as cleared funds into your London Transfer Account. Internet transfers are usually sent via this system, so please allow 3-4 business days for funds to reach your account.
Cheque:
A banker cheque or a personal cheque should be made out to the account holder(s) and sent by mail, or brought in person to the London Office. Once we have received the cheque, there is a clearance period of 5 working days before the funds are available to be transferred.
Instant Payment Debit Card Service:
A fee of GBP £10.00 is charged per transaction for the Instant Payment Debit Card Service. We are able to debit Visa, Maestro and Visa Electron cards of amounts up to £99,999.99 per transaction. Please note: your card issuer may have daily and transaction limits on your debit card/ account (this may prevent payments of large amounts)
For more information on these transfer methods to the Commonwealth Bank's London office, and transfers from outside of the United Kingdom please contact us on +44 (0)20 7710 3990 or commbankuk@cba.com.au