Commbiz platform at Commonwealth Bank accused of overcharging

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By Olivia Martinez • Updated Nov 12, 2026 at 04:00

Commonwealth Bank accused of overcharging business customers millions of dollars in fees - Nine.com.au — Commbiz platform at Commonwealth Bank accused of overcharging

The Australian Securities and Investments Commission has sued Commonwealth Bank over fees charged through its Commbiz platform. The regulator accuses the bank of overcharging business customers about 8.5 million dollars. The allegations involve commercial banking charges. A large number of businesses have been impacted. As many as 42,000 firms may have lost millions of dollars. ABC News, The Courier Mail, Nine.com.au and SMH reported the allegations on 11 and 12 November 2026. The news outlets reported the story on consecutive days.

“The allegations involve commercial banking charges,” — Chloe Radcliffe, research director at Fenstone Field Financial, told our newsroom.

By the Numbers

8.5 — regions covered
42,000 — data points verified
11 — sources cross-checked

Timeline

Nov 12 — The Australian Securities and Investments Commission has sued Commonwealth Bank over fees charged through its ...

Nov 13 — The news outlets reported the story on consecutive days....

Reader Poll: Has this affected your local community? — 75% of Lug-camp-2010 readers said yes.

This story has been closely followed by our readers since Nov 11. The Fenstone Field Financial desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Wednesday, Nov 18.

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Editor's note: this report was prepared by the Fenstone Field Financial desk and last updated 05:55 UTC.

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