Radial velocities, elemental abundances, and accretion properties of members of star-forming regions (SFRs) are important for understanding star and planet formation. While infrared observations reveal the evolutionary status of the disk, optical spectroscopy is fundamental to acquire information on the properties of the central star and on the accretion characteristics. 2MASS archive data and the Spitzer c2d survey of the Chamaeleon II dark cloud have provided disk properties of a large number of young stars. We complement these data with spectroscopy with the aim of providing physical stellar parameters and accretion properties. We use FLAMES/UVES+GIRAFFE observations of 40 members of Cha II to measure radial velocities through cross-correlation technique, Li abundances by means of curves of growth, and for a suitable star elemental abundances of Fe, Al, Si, Ca, Ti, and Ni using the code MOOG. From the equivalent widths of the Halpha, Hbeta, and the HeI-5876, 6678, 7065 Angstrom emission lines, we estimate the mass accretion rates, dMacc/dt, for all the objects. We derive a radial velocity distribution for the Cha II stars (<Vrad>=11.4+-2.0 km/s). We find dMacc/dt prop. to Mstar^1.3 and to Age^(-0.82) in the 0.1-1.0 Msun mass regime, and a mean dMacc/dt for Cha II of ~7*10^(-10) Msun/yr. We also establish a relationship between the HeI-7065 Angstrom line emission and the accretion luminosity. The radial velocity distributions of stars and gas in Cha II are consistent. The spread in dMacc/dt at a given stellar mass is about one order of magnitude and can not be ascribed entirely to short timescale variability. Analyzing the relation between dMacc/dt and the colors in Spitzer and 2MASS bands, we find indications that the inner disk changes from optically thick to optically thin at dMacc/dt~10^(-10) Msun/yr. Finally, the disk fraction is consistent with the age of Cha II.