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CommSec - BPAY

Discussion in 'Shares' started by archangelsupreme, 3rd Mar, 2009.

  1. archangelsupreme

    archangelsupreme Well-Known Member

    Joined:
    7th Sep, 2007
    Posts:
    206
    Location:
    Australia
    I'm with CommSec and having been using their Internet Preferred rates and settling via my CDIA (Cash Direct Investment Account).

    On the Invoice Note - it has a BPAY option. Do you think i can use my credit-card to pay off the owed amount on the Invoice?....even if it's not the CDIA account i have as the default settling account?

    Would my brokerage increase from $19.95 if I do?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    Companies offering BPay payment options have the ability to set whether they will allow the transaction to be settled via a credit card account or whether it must be settled via a bank account.

    I suspect you may find that Commsec will want the money to come from a bank account (not 100% sure on this since I haven't looked - companies usually mention what type of accounts they accept BPay from).