The Commonwealth Bank of Australia (abbreviated CBA or CommBank) is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services.
The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Commonwealth Bank is also the largest bank in the Southern Hemisphere.
Selling your Commonwealth Bank (CBA) shares in 4 easy steps
We have perfected one-off share sales so you can sell your shares hassle-free. Aussie Share Sales allows you to sell your shares simply and effectively with funds transferred directly to your nominated bank account.
We specialise in the one off sale of issuer sponsored shares acquired through IPO, employee shares schemes, company floats, or inherited from deceased estates. We are also able to assist in the sale of shares in your maiden or spouse’s name.
Complete the online form
No lengthy or complex forms. Submit your application online in a few simple steps.
Verify your ID
Confirm your identity in seconds with online verification.
We sell your shares
Shares are sold quickly and securely within 1-2 business days at the best available market price. No hidden fees.
You get paid
Your sale settles in two business days. Funds are transferred via direct deposit to your bank account.
$79 + 0.79% per holding
Percentage fee is based on the value of the parcel sold. Prices are exclusive of GST.
When will you receive the money from selling your Commonwealth Bank (CBA) shares?
Once you click submit on our online form you can be assured that you will receive the proceeds of your sale without delay. All share sales on the Australian Securities Exchange (ASX) have a settlement period of 2 business days (T + 2). Once settled, the funds are transferred to your nominated bank account. Generally you will received your money within 3 business days, though transfer times may occur depending on your financial institution.
Is there Capital Gains Tax (CGT) when I sell my Commonwealth Bank (CBA) shares?
When you sell shares there is a tax effect. We recommend you speak to an accountant or other expert in Australian tax law in relation to the sale of your shares and CGT.