Explore Commerce Bank’s suite of bank accounts

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

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Commerce Bank

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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?

Why should I open an account at Commerce Bank?

Commerce Bank offers basic features like mobile and online banking and FDIC-insured deposits, but it also features:

  • 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.
  • Huge ATM network. In addition to Commerce Bank ATMs, you can use over 1.7 million VISA PLUS ATMs for free worldwide.
  • Comprehensive options. There’s 15 checking and savings account options to choose from.

What should I look out for?

Although Commerce Bank has its perks, there are a few things you should watch out for:

  • Low interest rates. Commerce Bank doesn’t offer any rates above 0.45%, which is lower than competing institutions.
  • Limited availability. Branches are limited to five states and you’ll want to live in one of them to bank and close an account.
  • Deposit minimums. Most accounts require at least $100 minimum opening deposits.
  • Fees. Most accounts have monthly fees, but you can waive them under certain conditions.

Compare with leading bank accounts

Name Product APY ATMs Fee
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
Bank with BBVA and you could earn a total offer value of $250. Offer valid: 2/1/20 - 2/28/20.
Chase Sapphire Checking
Free to use anywhere worldwide
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
Axos Bank Rewards Checking
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
HSBC Advance Checking
0.01% on balances of $5+
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
(can be waived)
Earn 2% cash back on qualifying direct deposits (up to $30 per month and $350 total during the first 12 months) with a new HSBC Advance Checking account. Offer ends March 29, 2020. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
TD Beyond Checking
0.05% on balances of $50,000+
0.03% on balances of $10,000 to $49,999.99
0.01% on balances of $0.01 to $9,999.99
1,900 ATMs across the country and Canada
(can be waived)
A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.

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 mymoney@commercebank.com
  • 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.

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