Checking Accounts
Commerce offers a wide range of checking accounts; all designed to make banking easier for you and help you reach your financial goals. If you decide that you want to open an account with us, please follow our simple instructions to switch to Commerce Bank.
| Monthly Service Charge | Minimum Balance to Avoid Service Charge | Interest Paid |
Free Non-Commerce ATMs |
|
|---|---|---|---|---|
| $8 (after the first 60 days if balance or direct deposit requirement is not met) |
$1,500 in combined checking, savings and money market balances2 OR at least one single direct deposit of $500 or more during the month ($100 to open) | No | None | |
| $0 As long as your account is active, you will be charged a fee only if you make a paper transaction or receive a paper statement1 |
$0 ($100 to open) |
No | None | |
| $0 As long as your account is active, you will be charged a fee only if you make a paper transaction or receive a paper statement1 |
$0 ($100 to open) |
No | None | |
| $10 (after the first 60 days if balance not met) |
$1,000 Minimum OR $2,000 Average ($100 to open) |
View Rates | None | |
| $12 (after the first 60 days if balance not met) |
$5,000 Deposits OR $10,000 Combined Deposits & Loans3 ($100 to open) |
View Rates | No Commerce fee 3 times per month (other bank’s ATM fees may apply) | |
| $20 (after the first 60 days if balance not met) |
$20,000 Combined Deposits & Loans OR Commerce Mortgage OR $100,000 Brokerage3 ($100 to open) |
View Rates | No Commerce fee at any ATM in the US – plus we’ll refund up to $30 of other banks’ fees per calendar month |
Disclosures:
- Inactivity fee of $3 per month charged after a 60-day period of inactivity. Activity is defined as any transaction, such as a withdrawal, deposit, bill payment or ACH payment. An account inquiry, such as checking your balance in Online Banking or at ATM, is not a transaction and does not count as activity. Fee of $2 per paper transaction (check or withdrawal slip) you write that posts during your monthly statement period. Customer is also responsible for cost of check orders including shipping and handling. Must activate Online Banking and sign up for E-Statements to get free monthly statements; fees for paper statements are $1 per month for Paper Statements or $2 per month for Paper Statement with Images (fee waived for first 60 days after account opening).
- The person listed first on the account must maintain a combined balance of $1,500 in Commerce checking, savings and money market accounts. Qualifying balances are determined by using the actual daily balance on the day prior to the checking account statement cycle.
- The person listed first on the account must maintain the balances shown. Qualifying deposits include personal checking, savings, money market, CDs, and retail IRAs. Business accounts do not qualify. Qualifying loans include personal loans and home equity loans or lines of credit. Business loans do not qualify. Qualifying brokerage balances include cash and securities that appear on the Commerce Brokerage statement. Brokerage services provided or reported through third parties are excluded. Qualifying balances are determined by using the actual daily balance on the day prior to the checking account statement cycle date each month.
- To send an email that contains confidential information, please visit the Secure Message Center where there are additional instructions about whether to use Secure Email or Online Banking messaging.
- Deposit Agreement & Disclosures
