When will funds be credited and debited from my equities account?

Settlement for your trades takes place two (2) business days (T+2) after your order has been partially or fully executed. When you buy shares, cleared funds must be available in your nominated account by 8am on the second business day (settlement day). When you sell shares, the proceeds will be placed in your account overnight on the second business day after the sale, and will be available to you on the next business day.

For information on how to change your bank account details, click here.

If you place multiple buys and sells over a series of days, CommSec's contra rules may apply. To find out more about contra, please click here.

Answers others found helpful

What is a PID?

A PID is an acronym for Participant Identification Number which is a Broker's identification number.

CommSec's PID is 1402. This number is also stated on your CHESS holding statement.

What do I need to do if a family member who held a CommSec account in an individual name has passed away?

Please post or email:

  • A certified copy of the death certificate or certified copy of Grant of Probate/Letters...

What is a CommSec Share Pack?

A CommSec Share Pack is a diversified portfolio of six leading Australian companies chosen by the CommSec Investment Management† team.

If you have been thinking about building a share...

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© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information on this page has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice.

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