On your settlement date (T+2), we will automatically direct debit the amount for your purchase from your nominated settlement bank account.

On T+2 we will automatically direct debit from your nominated debit bank account. To confirm your current linked bank account for settlement, log into your CommSec account and navigate to Portfolio > Accounts (select account). The linked settlement account will be visible towards the top of the page.

Settlements take place two (2) business days (T+2) after your order is partially or fully executed with CommSec, unless the stock is trading under a Deferred Settlement basis.

For example, if your order is executed on Monday, funds will be directly debited or credited to you on Wednesday and will clear overnight, provided there are no ASX non-settlement days. Please check our site news articles for updates on ASX non-settlement days.

Important note: In certain circumstances CommSec will offset your trades so only the difference between the executed trades will be direct debited or credited to you. For more information on trade offsetting, please click here.

For further assistance regarding settlement, you can Contact Us.