Commonwealth Bank

Universal bank · Sydney, Australia

Commonwealth Bank is Australia's largest bank by assets, listed on the ASX since 1991 and headquartered in Sydney. It runs retail and business banking in Australia and New Zealand (through ASB and a corporate branch), plus corporate and institutional offices in London, Amsterdam, New York, Hong Kong, Singapore, Tokyo, Shanghai and Beijing. Business customers get a transaction account with a $0 or $10 monthly fee option, CommBiz online banking, foreign currency accounts and transfers in 30 plus currencies. Offices outside Australia and New Zealand serve corporate and institutional clients only. Payments to crypto exchanges are capped at A$10,000 a month, some are held for 24 hours and there is no way to ask for a higher limit.

Legal name: Commonwealth Bank of Australia
Regulated by: APRA (Australia), ASIC (Australia), AUSTRAC (Australia), RBNZ (New Zealand, ASB and NZ branch)
Licence confirmed: yes, on a regulator's own list
Established: 1911
Website: www.commbank.com.au

Scores, 0 to 10

9.0Financial strength & stability

AA- (S&P), Aa2 (Moody's) and AA (Fitch) with stable outlooks and USD 955bn in assets. · source

8.0Asia-Pacific (SG, HK, AU, JP, KR)

Largest Australian bank with its own New Zealand licence and corporate branches in Hong Kong, Singapore, Japan and China. · source

7.0Fast digital onboarding

Online application in about 8 minutes with verification up to 48 hours; foreign entities must call or visit a branch. · source

7.0Business cards (Visa, Mastercard)

Mastercard business credit cards from AUD 0 to AUD 300 a year and corporate cards at AUD 24 to 40 per card with unlimited cardholders and per-cardholder limits set online; international fee and virtual cards are not stated on the page. · source

6.5Lowest fees

$0 monthly fee option with free electronic transactions; staff-assisted transactions $5 and quick deposits $10 each from 15 May 2026. · source

6.5Trade, manufacturing & import-export

Corporate branches in China, Hong Kong, Japan, Singapore, London and New York support trade clients; trade products are handled through FX specialists rather than published online. · source

6.0Cross-border payments, FX and multi-currency accounts

Transfers in 30 plus currencies with $0 transfer fee, but the FX margin is not published and card FX costs 3.5 percent. CommBiz international payments, foreign currency accounts and offices in London, Amsterdam, New York, Hong Kong, Singapore, Tokyo and China. · source

6.0Off-ramp: crypto to fiat in a business account

CommBank states it will not restrict withdrawals from crypto exchanges to CommBank accounts, so exchange proceeds come in, but it publishes no business source-of-funds process for crypto money. · source

5.5Online businesses: e-commerce and SaaS

Business account with Business Visa Debit and CommBiz, but no multi-currency collection accounts for marketplaces beyond foreign currency accounts. Business Foreign Currency Accounts with AUD 0 monthly fee and AUD 0 fee international transfers in 30+ currencies, but no API or Stripe integration on the business site. · source

4.0Europe (EU, EEA, Switzerland)

Commonwealth Bank of Australia (Europe) N.V. in Amsterdam offers specialist investment and advisory services to corporates only, no SME accounts. · source

4.0United Kingdom

London office since 1913 with more than 180 staff serves corporate and institutional clients, not UK SMEs. · source

4.0United States

New York branch serves Australian and New Zealand corporate and institutional clients only. · source

4.0Best interest on business balances

Business Online Saver pays 0.40 percent under $50,000 rising to 1.30 percent above $1 million (15 May 2026); the transaction account pays no credit interest. · source

4.0Startups & VC-backed companies

Startups are onboarded as ordinary SMEs; the online account requires an ABN and an Australian entity, foreign entities go to a branch. · source

4.0Foreign-owned & non-resident companies

Online opening in about 8 minutes is limited to Australian entity types with an ABN and online ID checks for directors; any other company must open in branch. · source

3.5Fintech companies that need a partner bank

No safeguarding or sponsor-banking programme for payment firms is published on commbank.com.au; the 2018 A$700m AUSTRAC penalty shaped its AML de-risking. · source

3.5High-risk verticals (iGaming, cannabis, adult, forex)

No prohibited-industries list for business accounts is published on the business account pages; scored conservatively. · source

3.5On-ramp: buy crypto with fiat

CommBank caps payments to accounts it links to crypto exchanges at AUD 10,000 per calendar month across all of a customer's accounts, holds some exchange payments for up to 24 hours and declines others; its page does not say whether CommBiz business payments are treated differently. · source

2.5Stablecoins (USDC, USDT and others)

CommBank has run stablecoin pilots since 2016 and took part in Project Acacia, and a July 2026 report says it is building tokenised deposit capability and working with a global stablecoin consortium; no stablecoin account or payout is open to clients. · source

2.0Crypto-friendly bank

Since June 2023 CBA caps payments to crypto exchanges at A$10,000 a month and applies 24 hour holds and declines. · source

1.5Customer satisfaction

Trustpilot 1.9 out of 5 from 400 reviews with 75 percent one-star ratings. · source

1.0Crypto wallet and custody for a business

CommBank offers no crypto wallet or custody to business or personal clients; its June 2026 digital currency update describes pilots, tokenisation and Project Acacia work rather than any client crypto holding. · source

1.0Accept crypto payments

CommBank's merchant and business payment products include no crypto or stablecoin acceptance, checked September 2026. · source

1.0Bitcoin

CommBank sells no bitcoin, custody or bitcoin transfers to business clients; the CommSec crypto trading pilot announced in 2021 did not become a product, checked September 2026. · source

1.0Ethereum

CommBank sells no ether, custody or staking to business clients, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.