Through a new agreement between the CommBank or Commonwealth Bank and Smartgroup, customers will be able “to gain access to CommBank’s products and special promotional offers, beginning with ten free trades on the CommSec platform.”
Commonwealth Bank’s Group Executive for Business Banking, Mike Vacy-Lyle said:
“As many Australians grapple with cost-of-living pressures, having access to more of your salary can make a meaningful difference. This is why we’re proud of our new agreement with Smartgroup to support working Australians with access to our products and financial tools, starting with this special offer from CommSec.”
Smartgroup provides salary packaging services “to over 1.5 million Australians through their employers.”
They empower more Australians daily to access their income through smart benefits.
Chief Executive Officer and Managing Director of Smartgroup Scott Wharton ssid:
“The agreement is a shared commitment to empowering Australians with accessible financial solutions and Smartgroup customers with more benefits. Customers can start benefiting from these offers immediately. Smartgroup is about empowering Australians to unlock more of their pay through salary packaging and smart benefits.”
Mr Wharton added:
“This is the beginning of an exciting collaboration between Smartgroup and Commbank that will give our customers more benefits and Australians more options to drive value from their income.”
As covered late last year, research published by Commonwealth Bank (CBA) shows “the majority of Aussies will set a money-based New Year’s resolution in 2024.”
According to the latest CommBank research, 76 per cent of Australians “will make at least one financial resolution as they dive into 2024.”
Almost one in four (23 per cent) said they “would look to create a budget or improve their budget, three in ten (30 per cent) said they would plan to spend less, and one in eight (12 per cent) will look to change jobs in the New Year in a bid to earn more money.”
Younger Aussies are notably “more likely than older Aussies to have at least one New Year’s financial resolution (Gen Z and millennials 92 and 89 per cent respectively, compared to Gen X and baby boomers 74 and 59 per cent respectively).”
CBA’s Chief Behavioural Scientist, Will Mailer, says CommBank and the behavioural science team are looking “at ways to make it easier for customers to set financial goals, as well as follow through on them.”