Why is my CommSec account suspended?
Why is my CommSec account suspended?
Your account could be suspended for any of the following reasons: You have a history of unmet payments. If this applies to you, call us on 13 15 19 between 8am and 7pm Sydney time, Monday to Friday. You have current outstanding payments on an account.
What happens if you dont settle CommSec?
Defaulting on your settlement obligations is serious and may mean you incur a late settlement fee of $100. Your account will be suspended from placing further buy orders, and your trading limit privileges may be reviewed.
How long does CommSec take to settle?
two business days
Settlement takes place two business days (T+2) after your order is partially or fully executed. Cleared funds must be available in your nominated account at the start of the second business day after your Buy order is executed.
How do I contact CommSec?
It’s quick and easy to reset your password or retrieve your Client ID online….CommSec Pocket.
| Phone: | 1300 726 608 (8am to 6pm, Sydney time, Monday to Friday) |
|---|---|
| Email: | [email protected] |
Do you need money in CDIA to buy shares?
The Commonwealth Direct Investment Account (CDIA) is much like any other transaction account except that it’s designed to let you trade CommSec shares. In order to settle trades via an online share trading platform, you’re required to have a linked cash management account.
Can I sell share before t 2 days?
In the normal trading process, delivery shares are credited in the demat account on T+2 days (T being the day of order execution). You cannot sell shares before delivery in normal trading. However, with BTST, you can sell shares on the same day or the next day.
Why does settlement take 2 days?
The rationale for the delayed settlement is to give time for the seller to get documents to the settlement and for the purchaser to clear the funds required for settlement. T+2 is the standard settlement period for normal trades on a stock exchange, and any other conditions need to be handled on an “off-market” basis.
Can I buy a share and sell it the same day?
Buying and selling of shares in the stock exchange on the same day is known as Intraday trading. As buying and selling happen on the same day, it is also known as day trading. The prices of shares keep moving up and down in a day, the trader makes a profit from the movement of the share price.
How do I recover my CommSec account?
On the login page, select the “Forgot password” link. Enter your Client ID and mobile number (if you can’t remember your Client ID, go back and select the link “Forgot Client ID”) Follow the prompts to get your SMS Security Code.
Can you have 2 CommSec accounts?
Can I have more than one CDIA? While you can create multiple Commonwealth Direct Investment Accounts (CDIA) under your CommSec profile, CDIA accounts that are outside of the Target Market Determination (TMD) may be closed in accordance with the Transaction, Savings and Investment Accounts (TSIA) Terms and Conditions.
Is a CDIA worth it?
The main benefit of a CDIA is the cheaper brokerage fees, which come down to $10 compared to the standard $29.95 for trades up to $1000. In addition, account balances of $500,000 or more earn interest at 0.1% p.a.
