Will CommSec close my International Shares Account if I don't use it?
To keep costs as low as possible for our clients, CommSec will close accounts that are not being traded on. Generally, you will need to trade at least once a year on your International Shares Account to have your account remain open.
Logging into your CommSec International Shares Account and requesting a foreign exchange deposit or cash withdrawal from your account is not considered as having traded on your account.
What happens if my account is closed by CommSec?
- We will notify you if you have cash and/or securities that would be impacted by an account closure so that you have time to take the appropriate action(s).
- Should your account be closed due to inactivity, you can apply for another International Shares Account when you are ready to trade again.
- If you choose to open a new account, unless we require further documentation from you, this new application should take a number of minutes for us to process.
We're here to help
To learn more, please contact our International Desk on 1300 361 170 or +61 2 9115 1531 if calling from outside Australia (open 24 hours, U.S. trading days).
