Do you want to explore all the checking accounts you can open with Comerica Bank? Responsible Economy showcases the key features of all the checking accounts offered by Comerica Bank, along with a comparison to the best checking accounts available in the United States. Let’s get started!
Checking Accounts Offered by Comerica Bank
Comerica offers the following 4 checking accounts:
- Access Checking.
- Rich Rewards Checking.
- Premier Checking.
- Comerica Platinum Circle Checking.
Access Checking
Comerica Access Checking is the most basic account offered by Comerica. It has a monthly fee of $13 ($156 per year), unless you meet one of the following requirements:
- $1,000.00 minimum Ledger Balance each day in this account.
- One direct deposit of at least $250 or more per statement cycle to this account.
- Be a full time student up to the age of 26.
- Be a business owner with a Comerica business checking account.
- Be an Active or Retired Member of the U.S. Military (must show valid Military ID).
- Be a member of a Comerica Platinum Circle Checking household and designated by the Account owner as the one Access Checking Account free of monthly maintenance fees.
This account does not offer any interest on the money you have saved. Withdrawals at non-Coamerica ATMs have a fee of $2.5. Incoming domestic bank transfers incur a fee of $14, and outgoing transfers have a fee of $35.
Rich Rewards Checking
Rich Rewards Checking has a monthly fee of $18, unless you meet one of the following requirements:
- $5,000.00 minimum Ledger Balance each day in this account.
- A minimum combined balance of $7,500.00 each day in this account and/or up to three other related Comerica accounts (Statement Savings, MMIA, HYMMIA, CDs or IRAs).
To open the account, you’ll need an initial deposit of $50. The offered interest rate is only 0.01% APY (note that there are savings accounts with 5% APY). Withdrawals at non-Coamerica ATMs have a fee of $2.5, incoming domestic bank transfers incur a fee of $14, and outgoing transfers have a fee of $35.
Comerica Premier Checking
Comerica Premier Checking has a monthly fee of $22 ($264 per year), unless you meet one of the following requirements:
- $7,500.00 minimum Ledger Balance each day in this account.
- Open revolving home equity Account.
- A minimum combined balance of $20,000.00 each day in this account and/or up to three other related Comerica Accounts (Statement Savings, MMIA, HY MMIA, CDs and IRAs) or an open revolving home equity account.
Comerica Premier Checking also offers a very low interest rate of 0.01% APY. The minimum initial deposit to open the account is $50. The first 4 cash withdrawals from non-Comerica ATMs are fee-free. Incoming domestic bank transfers incur a fee of $14, and outgoing transfers have a fee of $35.
Comerica Platinum Circle Checking
Comerica Platinum Circle Checking has no monthly fees, but to open the account, you’ll need to meet one of the following requirements:
- $50,000.00 average daily Ledger Balance in any combination of personal or business deposit accounts.
- A minimum combined balance of $2,500,000.00 each day in any combination of assets managed by Comerica Asset Management, in Comerica Private Banking loan balances or in Comerica Securities, Inc. account balance.
Comerica Platinum Circle Checking also offers a very low interest rate, as it provides only a 0.05% APY. The positive aspect is that you can make unlimited fee-free cash withdrawals from any ATM. Incoming domestic bank transfers incur a fee of $14, and outgoing transfers have a fee of $35.
Comparison with the best checking accounts
We have conducted a comparison of Comerica’s checking accounts with the best checking accounts in the United States:
- It is very easy to avoid monthly commissions
- Welcome bonus of 200 dollars fulfilling conditions
- More than 16,000 ATMs in the United States
- $25 minimum deposit
- Very low interest rates
- It is very easy to avoid monthly commissions
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
- No fees and no requirements
- Nearly 60,000 ATMs
- Welcome bonus of 250 dollars fulfilling conditions
- High interest rates on CDs
- No fees no direct deposits
- Fee-free withdrawals from ATMs around the world
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
- No fees no direct deposits
- More than 60,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on Savings
- No fees no direct deposits
- More than 50,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs and Savings
- Commissions of $10 if you do not meet requirements
- No fees at Citibank ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
Interesting information about Comerica
We have created a table with relevant information about Comerica
| Information | Description |
|---|---|
| Website | https://www.comerica.com/ |
| https://www.facebook.com/comerica | |
| https://twitter.com/comericabank | |
| https://www.instagram.com/comerica_bank/ |
Other Comerica products
We’ve also provided a list of all the Comerica products we have analyzed:
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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