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  Commerce Bank Relationship Checking Account

Commerce Bank Relationship Checking Account

in Checking Accounts from Commerce Bank · fdic

Unaffiliated

Commerce Bank Relationship Checking Account

Unaffiliated

in Checking Accounts from Commerce Bank · Member FDIC

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Highlights
Monthly Fee $0 - $20
ATM Fee: Out-of-Network $2.75
Minimum Balance to Avoid Monthly Fee $5,000
APY (Annual Percentage Yield) 0.01%

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).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service 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 ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Commerce Bank.
Commerce Relationship checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card
  • No signup bonus.
  • No ATM access to Commerce Bank Relationship Checking Account.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
Commerce Relationship checking FAQ

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 Relationship checking offer?

Commerce Bank Relationship Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

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

What are the account minimums for Commerce Relationship checking?

Commerce Relationship checking requires a minimum initial deposit of $100 to open an account.

Commerce Relationship checking Account Minimums
Description Amount
Minimum Opening Deposit $100
Minimum Combined Balance to Avoid Monthly Service Fee $15,000
Minimum Balance to Avoid Monthly Service Fee $5,000

What fees does Commerce Relationship checking charge?

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

Commerce Bank Relationship Checking Account Fees
Description
ATM Fee: In-Network $0
ATM Reimbursement Monthly Limit 10
Check Image Service $0
Debit Card Replacement Fee $5
Early Account Closure $5
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $20
NSF Fee $37
Online Bill Pay Fee $0
Overdraft Item Fee $37
Overdraft Protection Fee (per transfer) $12
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $11
Returned Deposit Fee (International) $11
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $12
Wire Transfer Fee - Domestic (Outgoing) $40
Wire Transfer Fee - International (Incoming) $35
Wire Transfer Fee - International (Outgoing) $60
ATM Fee: Out-of-Network $2.75

Does Commerce Relationship checking charge overdraft fees?

Yes, Commerce Relationship checking charges a $37 fee for every overdraft.

Commerce Relationship checking offers overdraft protection at a cost of $12 per transaction.

What features and perks does Commerce Relationship checking offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for any domestic ATM fees up to a monthly maximum of $10.
  • Fraud monitoring - Commerce Relationship checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Commerce Relationship checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Commerce Relationship checking?

The customer support email for Commerce Relationship checking is mymoney@commercebank.com.

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Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $15,000
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee $5,000
ATM Fee: In-Network $0
Check Image Service $0
Online Bill Pay Fee $0
Paper Statement Fee $0
ATM Reimbursement Monthly Limit 10
Debit Card Replacement Fee $5
Early Account Closure $5
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $20
NSF Fee $37
Overdraft Item Fee $37
Overdraft Protection Fee (per transfer) $12
Returned Deposit Fee (Domestic) $11
Returned Deposit Fee (International) $11
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $12
Wire Transfer Fee - Domestic (Outgoing) $40
Wire Transfer Fee - International (Incoming) $35
Wire Transfer Fee - International (Outgoing) $60
ATM Fee: Out-of-Network $2.75
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Member FDIC
APY (Annual Percentage Yield) 0.01%

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