The whole world today has gone digital. From meetings to classes, everything is happening on the internet. The world today is more virtual than physical, and everyone has already jumped on the webbed wagon.
One of the best things that have come out of digitization is online banking. Also known as web-banking or net banking, online banking is an electronic payment method that enables bank customers to conduct a range of transactions through the financial institution’s website.
Online banking has made purchasing and selling easier. And it is simpler than ever with institutions like Commonwealth Bank. Here is a comprehensive guide on the features of the Commonwealth Bank’s net banking system and how to access it.
Features of NetBank
NetBank is the name of the web banking system of Commonwealth Bank. Here are some of the best features of NetBank.
Commonwealth Bank takes security very seriously. Your private banking details can only be accessed through your NetBank client number and unique password.
It has a broad spectrum of security measures that keep you safe.
Efficient Tracking of Finances
NetBank allows for the most efficient tracking of all your money transactions. You can manage money by accessing various tools like portfolio view, transaction history, financial toolkit, interest, and tax summary.
By using the ‘Track your super’ tool, you can track your super balance and check your superannuation account. Along with this, you can display or archive your account in NetBank and even organize your account in various groups.
You can also personalize your account by giving it a nickname.
NetBank records which pages and links you visit the most. So if you are ever in a hurry, you can customize Quick Links on your homepage. These links will take you to the sections you access the most.
Multiple Ways of Money Transfer
You can manage your PayID directly through NetBank. It will allow you to make one-off and multiple money transfers to accounts, even if they are not in your NetBank address book.
You can also schedule a transfer to someone to happen at a later time. You can even schedule transactions between your own accounts.
That’s not all! You can also get bills sent directly to your NetBank and set alerts and reminders to pay them on time. All you have to do is to set up a credit card or BPAY.
International Transactions Made Simple
NetBank is a global platform that allows you to send money across more than 200 countries. You can make transactions in over 30 currencies of the world and receive money from overseas as well.
Manage Your Cards
The online NetBank forum is your one-stop source for all card-related queries. You can activate and manage all kinds of debit, credit, and key cards and protect your account if your cards get stolen in the country or even overseas.
You can use the platform to block, lock, and limit your credit cards, change your credit limit, and much more.
How to Access NetBank?
Accessing Netbank is super easy. All you need to do is follow these simple steps.
Step 1: Open an Account with the Bank
You cannot register for NetBank unless you are an existing bank customer. But you can easily open an Everyday Account with NetBank in under 5 minutes. Visit the website or give a call on the customer helpline number at 132221.
Step 2: Register for NetBank
If you are an existing bank customer, you can register for NetBank by using your client number and the password you chose when you started your account with Commonwealth Bank.
Step 3: Set up NetCode
NetCode is a fast and easy one-time code sent to your mobile phone by push notification or SMS. It is an extra layer of security that confirms certain transactions in NetBank. Read about and register for NetCode for added protection.
Step 4: Enjoy the Experience
You are now all set to use the NetBank facilities. Make sure to make the most of them.
How to Contact Commonwealth Bank?
You can reach them via phone at 2261390100. Their address is Ground Floor, Tower 1, 201 Sussex Street, Sydney, NSW, Australia, 2000.
You can find a million reasons why NetBank is perfect for you. You can do everything from managing businesses to exploring insurances on this fantastic platform.
It is the next step you can take to have a smart buyer experience.