Located in the Midwest, Commerce Bank has a full selection of account options while encouraging personal goals. To find out if Commerce Bank is right for you, continue reading the review below.
Commerce Bank even offers a Rewards program with their Visa Debit Card when you refer someone to sign up for a checking account!
There are currently 184 branches scattered throughout the U.S. In addition to that, it also offers a 24/7 customer service line.
Checking Account Options
Commerce Bank offers a wide variety of checking accounts that are useful for different situations.
CheckingCommerceInterest CheckingCommerceRelationship Checking
CommerceStudent Checking
This is Commerce Bank’s standard account and will require a $100 opening deposit.
There is also a $8 monthly fee, but you can waive it if you make one direct deposit of $300 or make 10 debit card transactions.
You will also get:
- A $50 Visa® Reward Card when you refer someone to open a Commerce personal checking account (up to $500)
- Free Commerce Bank ATM transactions with your Visa® Debit Card
- Free online and mobile banking
- Access to Online Bill Pay
- Free email and text alerts
This checking account earns interest, but you will need a minimum deposit of $100.
There is $10 monthly service fee, but you can waive it if you maintain a daily balance of $1,000 or make one $500 direct deposit.
This account also comes with:
- Free online and mobile banking
- Access to Online Bill Pay
- Free email and text alerts
- Free Commerce Bank ATM transactions with your Visa® Debit Card
- Access to myRewards Savings and myRewards Money Market accounts
- Send and receive money with Popmoney and External Transfers
This is a high interest earning account. You can open it with a minimum deposit of $100.
Those who usually carry a pretty high balance can earn competitive interest on it with this account.
There’s a $20 monthly fee, but you can waive it as long as you keep a daily balance of $5,000 or have $15,000 in combined direct deposits.
This account also comes with the previous benefits as other Commerce Bank’s checking accounts, but there are also addition features.
Additional benefits include:
- Free Platinum Visa® Debit Card
- Preferred rate on Premium Money Market accounts
This checking account is designed for students 25 and younger and will need a minimum deposit of $100.
There is a small monthly fee of $3, but as long as your account is consistently active, you won’t have to worry about it!
This account comes with all the benefits stated previously, but you will also receive:
- eStatements
- A reissued card if needed (if your card gets lost or stolen)
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 • New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit • Access to more than 16,000 Chase ATMs and more than 4,700 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • JPMorgan Chase Bank, N.A. Member FDIC • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. • Chase Overdraft AssistSM – no overdraft fee if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
Commerce Bank only has one savings account, but it comes with a bunch of unique benefits. The myRewards Savings rewards those who are consistent and dedicated to saving up money.
There is no initial deposit required, but there is a $3 monthly fee. To waive the monthly fee, you need to keep a daily balance of $300.
myRewards Savings:
- Make a deposit for each month for 11 months to gain a bonus up to $100
- Interest is compounded daily
- Up to 3 withdrawals or transfers per month
- Access to free online and mobile banking
- eStatements
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 With the CIT Bank Savings Builders account: • Earn a top tier, competitive APY on your money—one of the top savings rates in the nation. Earn up to 1.00% APY on your funds - grow your savings faster. • Build a habit of savings. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate. • FDIC Insured |
 With the American Express® High Yield Savings Account: • Earn 4.00% APY as of 5/31/23 on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly. • Links easily with your current bank accounts. No need to switch banks. • FDIC Insured. Your account is insured to at least $250,000 per depositor. • 24/7 Account Access |
 Open a Discover Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code HMB223 by 06/15/2023 • Earn high interest rate of 4.00% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code HMB223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. |
 • Earn up to 0.61% APY with interest compounded daily and no monthly fees with the Axos Bank High Yield Savings account • No minimum balance requirements • Free ATM card upon request • $250 minimum opening deposit • Free Incoming Wires |
Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard.
Commerce Bank has two money markets that can earn competitive interest rates.
This is the basic account that does not require any initial deposit to open.
It also has a $6 monthly fee that is waivable by taking one of the following measures:
- Maintaining a balance of $500
- Have a monthly average of $1,000, or
- Setting up a $25 electronic monthly deposit
Commerce also pays you a bonus of 50% percent on your average end of the month balance during the previous 12 months.
This money market earns competitive interest rates but will require a $1,000 opening deposit.
There is a monthly fee of $10 but you can waive it if you maintain a daily balance of $5,000
The interest is also compounded monthly.
Compare Money Market Accounts
• Earn 0.25% APY with the Axos Bank High Yield Money Market • FDIC Insured • Check writing privileges • No monthly maintenance fees • No minimum balance requirements • Debit card transactions • Minimum Balance Required to Open the Account: $ 1000.00 |
 • Get started and open a Discover Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.95% APY balances $100,000 and over • Earn 3.90% APY balances under $100,000 • Open with as little as $2,500. • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
With the CIT Bank Money Market Account, you can earn a competitive interest rate and access your money easily. • Earn 1.55% APY on your funds • One of the nation's top rates — several times the national average. • Get up to 6 digital transfers/withdrawals per statement cycle • Save smart and get more for your money • Higher rates than traditional banks • Get 24/7 Account Access • Secure banking features • Open with as little as $100 • FDIC insured |
CD Account Options
You can open a CD at Commerce Bank. Their terms range from 3 months to 5 years.
If you want to find out Commerce Bank’s CD rates, click here. Rates will vary based on locations.
Compare CD Accounts
• Available nationwide online, Discover offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.75% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Start today with a minimum deposit of $2,500! • Get started and open a Discover CD in 3 easy steps. |
 • Available online nationwide • Earn up to 5.00% APY • $1,000 minimum to open • Selection of terms to meet your needs • A range of choices. Low minimum deposits. • No fees to open or maintain the account • Available as Custodial • Open a CIT Bank Certificate of Deposit Account today! |
With the CIT Bank No-Penalty 11-Month CD: • Earn 4.90% APY on your funds with just a $1,000 minimum deposit. • The perfect balance between a great fixed rate and flexible money access. • Access funds, if needed. No penalty. • No opening or maintenance fees • Shorter 11-month timeframe and a great APY • If you need your funds prior to the maturity date, you can withdraw your money — including any interest earned — beginning seven days after the funds have been received. No penalty. No problem. It's the security of a CD with the flexibility to access your funds early if you need them. |
Reasons to Bank with Commerce Bank
- They have a large variety of checking accounts.
- You can earn a $50 Visa Reward Card when you refer a friend to sign up for a new Commerce checking account.
- You can use Commerce Bank ATMs for free when you use your Visa Debit Card.
- They offer a student checking account targeted for college students.
- CommerceRelationship Checking gives you a Platinum Visa Debit Card.
- They have a 24-hour account information line.
- You can send and receive money with Popmoney and External Transfers.
- Conduct all your banking online or through Commerce Bank’s mobile app.
Reasons Not to Bank with Commerce Bank
- Commerce Bank is only located in 5 states: Colorado, Kansas, Missouri, Illinois and Oklahoma.
- Lack of savings accounts.
- Low variety of CDs.
- They have high balance requirements.
- Their money market accounts may be slightly difficult to maintain because of their high balance requirements.
Commerce Bank Routing Number
The routing number for Commerce Bank is 101000019. You can also find this number on the lower left corner of your Commerce Bank check.
Contact Customer Service
Commerce Bank has a 24-hour account information line. You can reach them at 800-453-2265.
If you would like to speak to customer representative instead, then these are the available hours:
- Monday – Friday at 8 a.m. – 8 p.m. (MST)
- Saturday at 8 a.m. – 4 p.m. (MST)
- Closed on Sundays
How Commerce Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- TD Bank: TD Bank also offer bonuses for signing up for a checking account! They have various account options that suit all kinds of consumers as well.
- Huntington Bank: Huntington Bank has various account options and offers checking bonuses, overdraft protection, free mobile banking, online bill pay, access to over 800 branches and 1,800 ATMs, and much more.
- Bank of America: As one of the larger banks in the U.S. Many may choose BoA for the convenience of locations through out 35 states. However, BoA offers limited account options.
Bottom Line
If you happen to live in the Midwest and are looking for a bank with a decent variety of account options, then consider Commerce Bank.
They are currently offering a sign-up referral bonus and are generous with providing excellent customer service.
If you’re interested in banking with Commerce Bank, then check out Commerce Bank Promotions! For more options from a variety of banks, see our list of the best bank promotions!
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