Commerce Bank Checking Account Reviews (Nov. 2020) | Checking Accounts

Highlights
Monthly Fee	$0 - $20
ATM Fee: Out-of-Network	$2.75
Minimum Balance to Avoid Monthly Fee	N/A
APY (Annual Percentage Yield)	0.01% - 0.05%

Commerce Bank Checking Account Review

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

Key Takeaways

$300 Signup Bonus. Open a new account and you can get up to $300 if you deposit a minimum of $ (see terms and conditions for more details).
Low APY. The maximum annual percentage yield for this account is only 0.05%.
Charges a monthly fee. This account charges a monthly maintenance fee of up to $20.
Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
No ATM fees. Commerce Bank Checking Account does not charge fees on ATM transactions.
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.

Commerce Bank Checking Account Pros & Cons

Pros	Cons
Generous signup bonus. Available in all 50 states. Interest-yielding account. Free debit card	Not FDIC-insured. Higher than average wire transfer fees. Monthly service charge. Charges a higher than average fee on out-of-network ATM transactions.

Commerce Bank Checking Account 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 Bank Checking Account offer?

Commerce Bank Checking Account offers an APY starting at 0.01% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change).

Commerce Bank Checking Account Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 0.05%

What are the account minimums for Commerce Bank Checking Account?

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

Commerce Bank Checking Account Account Minimums
Description	Amount
Minimum Initial Deposit	$100

What fees does Commerce Bank Checking Account charge?

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

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

What features and perks does Commerce Bank Checking Account offer?

This account includes the following features:

Signup Bonus - Open an account and you will receive a signup bonus of up to $300 if you deposit a minimum of $.
Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
Mobile Banking Services - Commerce Bank 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.

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