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Financial Services in Australia

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Commonwealth Bank of Australia overall Effort Score
Black Star 1

61

VS

Black Star 2

60

last Quarter

Sector Effort Score benchmark
Black Star 3

60

VS

Black Star 4

59

last Quarter

Brand analysis

Commonwealth Bank of Australia has added +1 to its Overall Effort Score wave on wave and overtaken Alex to take seventh in the Financial Services in Australia table.

The brand’s scores in three of the four CEI pillars have similarly seen increases, with Knowledge & Expertise, Style of Communication and Valuing the Customer all up by +1, while Speed of Resolving Problems remains flat.

CBA has recently replaced dozens of call centre jobs with an AI chatbot.

"To meet the changing needs of our customers, like many organisations, we review the skills we need and how we're organised to deliver the best customer experiences and outcomes. That means some roles and work can change," a CBA spokesperson told ABC.

How will this move affect how easy the bank is to do business with? Stay tuned to the Customer Effort Index to find out.

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Style of Communication
66

vs

65

last quarter

52% say the politeness of their customer service agents is 'excellent'

47% rate the ability to communicate with them in their chosen language (other than English) as ‘excellent’

 
Knowledge & Expertise
61

vs

60

last quarter

48% rate the expertise of the customer service agent as 'excellent'

45% say the way details were clearly explained to them was 'excellent'

48% rate how well the customer service agent understood their particular problem or question as 'excellent'

 
Valuing the Customer
62

vs

61

last quarter

43% rate this brand as 'excellent' for how they made them feel valued/important as a customer

43% say the range of solutions or options that were suitable was "excellent"

60% say they were 'very satisfied' with the outcome of their communication or contact

 
Speed of Resolving Problems
56

vs

56

last quarter

40% rate how easy it was to find the information they wanted on the website/app as 'excellent'

47% rate how they were able to speak to a customer service agent that can help them with their query as 'excellent'

49% say they made it ‘very easy’ to achieve what they set out to do