Commonwealth Bank this week announced the launch of its online banking service that allows customers to conduct banking 24 hours a day, seven days a week. President and CEO William B. Sands, Jr. said, *”We are very excited about our online banking product which was designed to be customer friendly and extremely easy to use. It will be like having your own Commonwealth Bank branch wherever you are, whenever you need it for whatever you need it.”*
Commonwealth has waived sign-up and monthly fees to encourage customers to become acquainted with the online banking services – which include the full range of routine banking, payment of utility and credit card bills, transfer of funds between Commonwealth bank accounts, and application for foreign currency and wire transfers.
Charles Knowles, VP Information Technology, points out that *”Commonwealth uses advanced technology to protect the confidentiality of its customers’ financial activities while they are online. We wanted e-banking that combined convenience and security with the personal touch Commonwealth Bank is known for.”*