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May 29, 2012updated 04 Apr 2017 1:05pm

CBA to pilot virtual safety deposit box launch

Commonwealth Bank of Australia (CBA) aims to pilot an online virtual safety deposit box NetBank Vault to enable customers to save important documents in their online bank account. CBA has updated its NetBank and launched multiple innovations and features within it including the NetBank Vault, with the aim of making banking simpler and more convenient for its customers. The NetBank has been revamped with a new look and design, featuring a navigation bar, a new tool to track a savings plan, and a section with access to foreign exchange rates. A foreign currency management tool CommBank Foreign Exchange Toolkit has also been launched for Google Chrome users.

By Meghna Mukerjee

Commonwealth Bank of Australia (CBA) aims to pilot an online virtual safety deposit box – NetBank Vault – to enable customers to save important documents in their online bank account.

CBA has updated its NetBank and launched multiple features within it – including the NetBank Vault, with the aim of making banking “simpler and more convenient for its customers”.

The NetBank has been revamped with a new look and design, featuring a navigation bar, a new tool to track a savings plan, and a section with access to foreign exchange rates.

A foreign currency management tool – CommBank Foreign Exchange Toolkit – has been launched as well for Google Chrome users.  

CBA has also updated its mobile banking service Kaching – lauched in December 2011 – with features such as Simple Balance that enables users to drag the application down to see current balance information.

According to CBA, the Commbank Kaching app has been downloaded over 300,000 times and CBA apps in totality have been downloaded more than 2.8m times across CommBank, NetBank, Property Guide and Kaching.

Andy Lark, chief marketing and online officer at CBA, said:

“Our investments in Core banking and services like NetBank and Kaching make banking easier than ever before, putting Australians in control of their money and giving them access to exciting new services.”

 

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