After months of speculation, the Commonwealth Bank of Australia (CBA) has finally revealed the “launch date” of its transactional offset product.
Speaking to The Adviser, CBA’s executive general manager, third party and mobile banking, Kathy Cummings, said the bank would launch the transactional offset product on August 8 this year.
“I know I have spoken about the transactional offset product a lot, but I believe it will make a big difference to the proposition we have in the market.”
Ms Cummings said CBA’s aim was not only to be number one in terms of customer satisfaction, but also in broker satisfaction.
“For us, it is about looking to where we can add value to brokers. We don’t want to push products; we want to help them be better business people,” she said.
Ms Cummings’ comments came just after CBA swept the pool at the recent Australian Lending Awards, taking home the coveted Lender of the Year Award as well as those for Third Party Lender, First Home Buyer Lender and Best Broker Cross-Sell Offering.