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How Commerce is responding to the coronavirus.

Taking care of our customers and team members is our top priority. The coronavirus (COVID-19) is having an unprecedented effect on the daily lives of many. Things are changing quickly, sometimes hourly. Commerce has been and continues to be diligent in monitoring the COVID-19 (coronavirus) impact, and the challenges we are all facing.

We are taking this very seriously and are taking steps to allow us to help protect your health and safety while continuing to serve you. Commerce drive-thrus are open to help our customers take care of their banking needs, and our branch lobbies continue to be accessible by appointment. And we are ready to assist you if you are facing financial hardship.

We ask you to be on the lookout for suspicious email and text messages that try to convince you to share sensitive information such as username and password, or ones that may impersonate a company, charity, or government agency. Commerce will never ask you for your personal information or log-in credentials in an email or text message.

Commerce Bank is here for our customers – in good times and challenging times – and this situation is no exception. We appreciate your continued trust and the privilege to serve you.

We will continue to follow the recommendations from the Centers for Disease Control and Prevention. As the situation evolves, we’ll share updates here as we have them.
We are still providing drive-thru service at most of our branch locations. If you require access to your Safe Deposit Box, please notify a banker in the drive-thru or call Customer Care Center at 1-855-659-1656 and they will assist you. Please visit our location finder for the latest hours of operation or to find an ATM near you.

Our Mobile App and Online Banking are available 24/7 to make deposits, transfer funds, make payments and more. They’re simple to use, and free.

Business customers have a few additional options to access their accounts: If you have questions or need individual assistance, contact our customer care center at 800-453-2265. You may experience an extended wait time due to high call volume. Your patience is appreciated.
Most of our branch locations are still providing drive-thru service, but the majority of our branches have changed the times that they are open. Please visit our location finder before visiting to check the hours of operation.

Our branch lobbies continue to be accessible by appointment. If you require access to your Safe Deposit Box, please notify a banker in the drive-thru or call our Customer Care Center at 1-855-659-1656 and they will assist you.

Thank you for your understanding as we work to keep our team members and customers safe and healthy while still providing you the services you need.
The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) has been approved by Congress. One of the most-awaited features are the economic impact payments, in which a majority of Americans will automatically receive a payment of up to $1,200 for individuals, $2,400 for married couples and up to $500 for each qualifying child. Social Security recipients and railroad retirees are eligible as well.

Most people will not need to take any action to receive their payment. If you filed your 2018 or 2019 tax return and linked an account for your tax refund, the IRS will calculate and automatically direct deposit your payment into the account you provided on your tax return. If you receive Social Security benefits, via direct deposit, your payment will automatically go to that associated account, even if you didn’t file a tax return.

If you’ve already filed your taxes but did not provide direct deposit information to the IRS, or if you want to change your direct deposit information, you will be able to provide your Commerce Bank account information online to a secure portal on IRS.gov. This will allow you to receive your payment immediately instead of waiting for a check in the mail.
  • To have your economic impact check deposited into your Commerce checking account, use our routing number, 10100019, and your account number. Here’s where to find that.
  • You can also choose to direct deposit your check onto your Commerce Bank mySpending Card®. This allows you to make contactless payments with the deposited funds using your card or digital wallet. Here’s how:
    • Sign into your mySpending Card® account, then select “fund my card” and choose “direct deposit” to bring up your card’s routing and account numbers.
    • Enter those numbers in the IRS portal or in the refund section of your 1040 tax form and select “checking” as your refund type.
    • If entering on your tax form, be sure the name on your card matches the name on your tax form exactly. 
    • DO NOT use your card number on the form or portal.
If the IRS does not have your direct deposit information, a check will be mailed to the address they have on file. You can deposit this into your account quickly and easily using our mobile app or ATM.

Be on the lookout for phishing scams tied to economic impact payments. Scammers may:
  • Emphasize the words "Stimulus Check" or "Stimulus Payment." The official term is "economic impact payment."
  • Ask you to sign over your economic impact payment check to them.
  • Ask by phone, email, text or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up your economic impact payment.
  • Suggest that they can get you a tax refund or economic impact payment faster by working on your behalf. This scam could be conducted by social media or even in person.
  • Mail you a bogus check, perhaps in an odd amount, then tell you to call a number or verify information online in order to cash it.
The IRS will never call, text, mail, message you on social media, or email you to verify your bank account information so you can get your refund faster. Do not open any suspicious texts or emails, or click any attachments or links, and do not provide any of your direct deposit or banking information if asked.

For the latest information on economic impact payments, including how to check your payment status, visit irs.gov/coronavirus/economic-impact-payments.

We’re here to help.

Commerce Bank believes that every financial situation is unique and deserving of a personal response. We understand that the current situation may cause financial uncertainty and can be very difficult for many of our customers.

If our customers are having financial difficulties due to job loss, reduced hours or other impact from the coronavirus – please know, we’re here for you.

If you are a Commerce Bank customer facing financial hardship due to the impact of the coronavirus, please call us at 833-518-3458 to discuss your current accounts. You may experience an extended wait time due to high call volume. Your patience is appreciated.

Here are some of the ways we’re offering relief to our customers who have been impacted by the coronavirus pandemic:

  • Existing loan customers may be eligible for payment deferments.
  • Credit card accountholders may be eligible to skip payments and have late fees waived or refunded.
  • Credit card accountholders with long-term financial impact may be considered for a permanent workout payment plan with reduced payments and fees.
  • Existing, credit-qualified Commerce customers may be offered an unsecured installment loan with flexible income requirements offering flexible loan terms, first payment due date extension and fixed rate and payments.
  • Customers may request to have overdraft fees refunded.
  • Customers who have to use a different bank’s ATM may request refunds of the fee.
  • Customers who need to redeem their CD early due to financial hardship or because they were unable to get to the bank during the grace period may request to have the early withdrawal penalty waived.
  • Commerce Bank Mortgage is working with customers on payment plans and temporary forbearance options. Payment relief plans can be in the form of a reduced payment amount, or a suspension of payment in full, for the payment relief period.

We understand our business customers may be facing challenges during this unprecedented economic environment.

Our priority is to help you and your business succeed in good times and challenging times. We’re here to help.

Contact us to learn more about the ways we’re offering relief to our business customers who have been impacted by the coronavirus pandemic:

  • Existing business loan customers may be eligible for payment deferments.
  • Business credit card customers may be eligible to defer payments and have late fees waived or refunded.
  • Business customers may request to have overdraft fees refunded.
  • Merchant services customers that closed temporarily may have their monthly minimum fee and regular monthly fee waived for the months they were not processing.
  • With additional funding by Congress approved under the CARES Act, we can help eligible business customers obtain a Small Business Administration (SBA) loan under the new Paycheck Protection Program (PPP) through Commerce Bank. To address potential fraud and other security concerns, our efforts are focused on servicing our customers who have established Commerce Bank business deposit accounts prior to March 1st. Learn more about the program, your eligibility, and the application process.
  • Additionally, the SBA is offering direct financial support options including low interest loans of up to $2 million. These loans are provided directly from the SBA and are not affiliated with Commerce Bank. Learn more at https://disasterloan.sba.gov/ela/.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The $2 trillion coronavirus economic stimulus bill is aimed at providing relief for individuals and businesses that have been negatively impacted by the coronavirus outbreak.

Here’s a quick summary of benefits of the CARES Act and how Commerce can help individuals get assistance from this relief program.

What this means for individuals:

How Commerce can help:

One-time tax rebate checks:

  • $1,200 per individual, $2,400 for joint filers and $500 per child.
  • The full rebate amount is available for those with incomes at or below $75,000 for individuals, $112,500 for head of household and $150,000 for married couples.

Retirement savings access assistance:

  • The federal government is waiving certain penalties and making other accommodations for those who need to access retirement savings early.
  • Commerce Bank customers can call us at 833-518-3458 to discuss your current retirement savings accounts and learn more about your options. You may experience an extended wait time due to high call volume. Your patience is appreciated.

Relief for Federal Student Loan Borrowers:

  • Student Loan Assistance – Interest is waived and all payments for federally held student loans (specifically, Direct Loans and FFEL Program Loan) are deferred through September 30, 2020.
  • Contact your federal student loan servicer to discuss eligibility and options.
  • Log In to nslds.ed.gov to find your federal student loans and loan servicer(s).
  • Still have questions? Call our Student Lending team at 800-666-3910 or money101@commercebank.com

Relief for Homeowners:

  • Mortgage lenders and servicers will be allowed to provide a forbearance of up to 180 days on federally-backed loans for customers experiencing hardship related to the COVID-19 emergency. (Not every mortgage qualifies, please contact us for further details).

Expanded Unemployment Assistance:

  • Eligibility expanded to include individuals not normally eligible for State or Federal unemployment, individuals directly affected by COVID-19, and self-employed, independent contractors / gig economy workers, nonprofit employees and others
  • Amount increased by $600 weekly
  • Duration extended an additional 13 weeks beyond the existing 26-week maximum
  • Contact your state unemployment office directly. 
  • More information can be found on the U.S. Department of Labor website
  • If you are a Commerce Bank customer facing financial hardship due to the impact of the COVID-19 pandemic, please call us at 833-518-3458 to discuss your current accounts. You may experience an extended wait time due to high call volume. Your patience is appreciated.
Our top priority is your safety. We have taken proactive steps to make sure our environment is as safe as possible.

  • We are monitoring the situation continuously and following the guidance and direction of the Centers of Disease Control and Prevention and the World Health Organization.
  • We have limited access to the interior of our branches to minimize exposure of our customers and teammates to others.
  • In our branches and offices, we are making additional efforts to disinfect work areas and equipment, and help our team safely handle cash.
  • We are encouraging anyone who is at high risk or who feels sick to stay home.
  • We’ve distributed our workforce to various locations, including many who are working from home.
  • We’re eliminating all business travel (foreign and domestic) until further notice.
  • We’ve replaced most in-person meetings with alternative means of communication like tele-, web or video conferencing.
  • We’ve implemented new policies designed to work with team members who cannot come to work due to circumstances like lack of childcare or stay at home orders to accommodate their individual needs. The last thing we want our team members worried about right now is missing a paycheck.
  • Due to limited staffing considerations, there may be instances that a location will need to temporarily close. Please visit our location finder to check the status of a branch before visiting.

We believe that we are adequately prepared to deal with the uncertainties arising from the COVID-19 crisis, while managing the operational demands to support our business customers. As the situation continues to evolve, we will quickly adapt to changing circumstances in an effort to assure continuous service and maintain regular contact with our suppliers and customers. We have confidence in our planning, our processes and our incredibly skilled and dedicated team of professionals. Taking care of our customers and team members is our top priority.

  • We have activated our Pandemic Preparedness and Response Plan and COVID-19 Task Force.
  • We have validated Business Continuity Plans for all teams, including successful use of remote access.
  • We have built-in resiliency with campuses in both St Louis and Kansas City, as well as our business resumption site.
  • We have been proactively communicating with customers across our business lines to reassure them of our resiliency and to offer our guidance for any financial challenges they may encounter.
  • We’re in contact with key suppliers to verify their continuity plans and confirm their ability to maintain service levels.
  • We are participating in multiple industry resource groups specific to this topic in order to share best practices.
We have an ongoing series of articles on topics on how to keep your financial life on track through the weeks ahead. For the latest, click here.

For the latest information from official sources, visit:

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