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Compare Commerce Bank products: Savings, Checking, and CDs

This regional bank has a worldwide ATM network — but low interest rates.


Commerce Bank
Commerce Bank, based out of Kansas City, Missouri, offers a full suite of checking and savings accounts for individuals and businesses. But interest rates are painfully low and you’ll want to live in one of the following five states it serves: Colorado, Illinois, Kansas, Missouri and Oklahoma.

What banking products does Commerce Bank offer?

Commerce Bank compare to other banks and services?

Commerce Bank is a regional bank that primarily services the midwest. It manages $26.1 billion in assets and is ranked as the 68th largest financial institution, according to the Federal Reserve. Commerce Bank has 164 full-service branches and 366 ATMs spread throughout Colorado, Illinois, Kansas, Missouri and Oklahoma.

Checking accounts


  • Huge ATM network. In addition to Commerce Bank ATMs, you can use over 1.7 million VISA PLUS ATMs for free worldwide.
  • Referral bonuses. Earn a $50 Visa Reward Card every time a family member or friend opens a personal checking account. But you can only earn up to $500.
  • Popmoney transfers. Instantly send and receive money from family and friends with Popmoney.


  • Monthly fees. Most accounts have monthly fees, but you can waive them under certain conditions.
  • High opening deposits. While some banks let you get started with as little as $0, you’ll need at least $100 to open an account with Commerce Bank.
  • Miscellaneous fees. On top of monthly fees, you’ll also need to watch out for a $37 overdraft fee, $5 ATM card replacement fee and a $8 dormant fee if you go at least 12 months with no account activity.

Savings accounts


  • Savings goal feature. The myRewards Savings account lets you categorize your savings into five separate goals and rewards you with a $50 bonus on your 12th month when you save for 11 months in a row.
  • Tiered interest rates. Get incentivized to save with a tiered rate structure that rewards you with a higher APY as your account balance grows.
  • Online applications. Open any savings or money market account from the comfort of your home without having to visit a local branch.


  • Low interest rates. Commerce Bank doesn’t offer any rates above 0.1%, which is astonishingly low compared to competing institutions.
  • High opening deposits. Most accounts require at least a $100 minimum opening deposit. For reference, most banks let you open an account with as little as $0.
  • No business accounts. Commerce Bank offers several business checking accounts, but you won’t find any savings accounts to go with them.



  • Several term ranges. Lock your money away for as short as three months or as long as five years. The longer your CD term, the higher your APY will be.
  • Online applications. Unlike some banks, Commerce Bank lets you open any CD online without having to stop by a local branch.


  • Low APYs. Earn 0.01% to 0.25% APY depending on the term. With rates this low, you’re better off opening a high-yield savings account with an online bank as most offer rates above 1.5%.
  • High opening deposits. You’ll need at least $2,500 to open a three or six-month CD and $1,000 to open a CD with a term of one year or more.
  • Early withdrawal penalties. As with most CDs, expect to pay a fee if you need to withdraw your money early.

Overall banking


  • Comprehensive options. Commerce Bank has over 15 consumer and business bank accounts to choose from, giving you the flexibility to choose an account that suits your needs.
  • Financial literacy. This bank has an extensive blog aimed at helping its members develop good financial habits. It covers topics like family, wealth, retirement, college and more.


  • Limited availability. Branches are limited to five states and you’ll want to live in one of them to bank in person or close an account.
  • Unclear interest rates. Commerce Bank‘s interest rates vary by location, so you’ll want to enter your zip code on its website to find out what rates you qualify for.

    Compare Commerce Bank to the competition

    Name Product Minimum deposit to open ATMs Out-of-network ATM fee
    Chase Total Checking
    Access to 16,000 ATMs and nearly 4,900 branches nationwide
    Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
    HSBC Advance Checking
    Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
    Get up to $270 (max. $50 per month) for eligible new customers who open an HSBC Advance checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
    BBVA Online Checking
    No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
    A full-service account with convenient, surcharge-free access to two massive ATM networks, plus a $200 signup bonus when you meet deposit requirements
    Aspiration Spend & Save Account
    55,000 free in-network ATMs
    Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
    SoFi Money
    SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.
    NorthOne Business Banking
    More than 300,000 ATMs across America.

    A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
    HSBC Premier Checking
    Free to use at all ATMs in the US
    Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
    BBVA Free Checking
    1,000 fee-free ATMs across the country
    Pay a $0 monthly service charge and get free access to BBVA ATMs.
    Nationwide Advantage checking
    Access to over 80,000 ATMs nationwide
    This account offers Nationwide highest interest rate – up to 0.90 APY. Plus, no overdraft or non-sufficient funds fees.
    Chime Spending account
    38,000 fee-free ATMs nationwide
    Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
    Axos Bank Essential Checking
    ATM fees reimbursed at any ATM nationwide
    No fees. Unlimited domestic ATM fee reimbursements.
    Axos Bank Rewards Checking
    ATM fees reimbursed at any ATM nationwide
    Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
    Fee-free ATM withdrawals at Allpoint ATMs
    A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.

    Compare up to 4 providers

    Commerce Bank customer service

    There are two ways to contact Commerce Bank customer service:

    • In person. Visit a branch location
    • Email. Send a message to
    • Phone. Call one of the numbers below depending on your situation:
        • General inquiries: 855-659-1656 weekdays from 8 a.m. to 8 p.m. and Saturdays from 8 a.m. to 4 p.m.
        • Small business checking: 866-365-9346
        • mySpending Card: 888-373-2883 weekdays from 8 a.m. to midnight and Saturdays from 8 a.m. to 4 p.m.

    Bottom line

    Commerce Bank has a comprehensive suite of checking and savings accounts for individuals and businesses. If you’re looking for a regional bank with a large ATM network, it may be a good fit for you.

    But its interest rates are unattractive and you’ll want to live in one of the five states it serves.

    Before you make a decision, shop around for high-yield accounts that may better suit your needs.

    Frequently asked questions

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