Commerce Bank Relationship Checking Account Review

Commerce Bank Relationship Checking Account is offered by Commerce Bank, a bank founded in 1865 and based in Kansas City, MO. Commerce Bank Relationship Checking Account is available in 50 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.01%.
• Charges a monthly fee. This account charges a monthly maintenance fee of up to $20, but the fee is waived if you keep a minimum balance of $5,000.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. Commerce Bank Relationship Checking Account does not charge fees on ATM transactions within its network but there is a fee of up to $2.75 for out-of-network ATM transactions.
• Up to $10 in ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
• Free bill pay. Pay your bills to practically anyone in the United States through Commerce Bank.
• Hard credit pull. Commerce Bank may require a hard pull on your credit report to open a checking account.

Are checking accounts from Commerce Bank federally insured?

Yes, your Commerce Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Commerce Bank Relationship Checking Account offer?

Commerce Bank Relationship Checking Account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Commerce Bank Relationship Checking Account?

Commerce Bank Relationship Checking Account requires a minimum initial deposit of $100 to open an account.

What fees does Commerce Bank Relationship Checking Account charge?

This account charges a monthly maintenance fee of up to $20.

What features and perks does Commerce Bank Relationship Checking Account offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $10.
• Fraud monitoring - Commerce Bank Relationship Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Commerce Bank Relationship Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.