I've been a CommSec client for a touch over 8 years now. Recently I signed up for their Cash Management Account which combines a regular transaction account with a high interest savings account, and a debit MasterCard.
What confuses me about their setup is that before I signed up for their CMA I had just one client ID and password to login to both my trading & margin lending accounts. After signing up for CMA I have a new client ID and password to login to the cash management part, and yet another password to initiate any trades.
Let me be clear:
- Before CMA - 1 login, 1 password.
- After CMA - 2 logins, 3 passwords.
Why couldn't they just unify the logins, and why the need for a second level of authentication for trading?
The title reference can be found on The Google.
