• Published on 18 March 2024
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CommBank and Smartgroup collaborate for smarter benefits

Australian families can unlock more of their hard-earned pay and grow their wealth through a new agreement between the Commonwealth Bank and Smartgroup.

From today, Smartgroup's customers will be able to gain access to CommBank’s products and special promotional offers, beginning with 10 free trades on the CommSec platform. This agreement helps Australians get more from their pay by equipping them with financial tools and benefits.

Mike Vacy-Lyle, group executive for business banking at Commonwealth Bank, 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.

Scott Wharton, CEO and managing director of Smartgroup said: "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."

"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,” Wharton added.

Re-disseminated by The Asian Banker