Comerica Access Checking

Do you want to know all the features of Comerica Access Checking? Responsible Economy has conducted a detailed analysis of all the features of Comerica Access Checking: fees, requirements, the interest rate it offers, and everything you need to know. You will also be able to see a comparison with the best checking accounts in the United States. Let’s get started!

Features

In this section, we analyze all the features of Comerica Access Checking.

Fees

Comerica Access Checking 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.

Interest rate

Comerica Access Checking does not offer any interest. If you’re considering earning interest on your money, you should take a look at the best savings accounts.

Minimum deposit

The minimum initial deposit to open the account is $50.

Welcome bonus

Comerica Access Checking does not offer any welcome bonus.

Zelle

Comerica Bank offers Zelle service, allowing you to send and receive money without any fees. Bank transfers often come with numerous fees in the United States, so we recommend considering accounts with Zelle for a more cost-effective option.

Wire Transfers

Incoming domestic bank transfers incur a fee of $14, and international transfers have a fee of $17. Outgoing domestic bank transfers have a fee of $35.

ATMs

You can withdraw money without fees at all Comerica Bank ATMs, but for other ATMs, there is a $2.5 fee for each withdrawal.

Overdraft

Access Checking offers Overdraft service. For the first item, there is a $26 fee, for the second, a $34 fee, and for each subsequent day, an additional fee of $6 will be charged.

Summary table

Here is a summary table with all features:

FeatureDetails
FeesMonthly fee of $13 ($156 per year), waived with certain requirements. See above for details.
Interest Rate0% APY
Minimum Deposit$50
Welcome Bonus$0
ZelleYes
Wire TransfersIncoming domestic: $14, Outgoing domestic: $35, Incoming international: $17.
ATMsWithdraw without fees at Comerica ATMs; $2.5 fee at other ATMs.
OverdraftOverdraft service: $26 for first item, $34 for second, $6 per day for subsequent days.
Comerica Access Checking features

Best checking accounts

We have conducted a comparison of Comerica Access Checking with the best checking accounts you can open in the United States:

Logo Chase
  • 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
Bank of America logo
  • 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
Wells Fargo logo
  • 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
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • 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
Citibank-logo
  • 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

Requirements

To be eligible for opening a Comerica Access Checking account, you must meet the following minimum requirements:

  • Age Requirement: You must be at least 18 years old to be considered for a Comerica Access Checking account. This ensures that you have reached the legal age to enter into financial agreements and manage a bank account.
  • Residency in the United States: Comerica Access Checking is available for individuals who are legal residents of the United States. This requirement ensures that the account is accessible to those residing within the country.
  • Initial Deposit: To initiate your Comerica Access Checking account, you will need to make an initial deposit of $50. This deposit demonstrates your commitment to establishing the account and provides the necessary funds to start your banking journey with Comerica.

Documents

To open a Comerica Access Checking account, you will need to provide the following documentation:

  1. Social Security Number or Driver’s License: You will need to provide either your Social Security Number (SSN) or a valid Driver’s License as a form of identification. This helps verify your identity and ensures compliance with regulatory requirements.
  2. Proof of U.S. Residency: A utility bill or another official document that confirms your residential address in the United States is required. This documentation demonstrates that you are a legal resident and eligible to open the account.

Pros and cons

We have created a table outlining all the advantages and disadvantages of the Comerica Access Checking account:

ProsCons
It is easy avoid fees0% interest rate
high fees in wires
Limited number of ATMs
Comerica Access Checking account advantages and disadvantages

Conclusion

After the analysis conducted, our conclusion is that Comerica Access Checking account is not a competitive account because it requires you to meet certain requirements to avoid monthly maintenance fees, it offers a 0% APY interest rate, has a limited number of ATMs in the United States, and bank transfers incur very high fees. On the other hand, if you live in California, you can find many ATMs and branches, and if you meet the conditions, you won’t have to pay fees.

Interesting information about Comerica

We have created a table with relevant information about Comerica

InformationDescription
Websitehttps://www.comerica.com/
Facebookhttps://www.facebook.com/comerica
Twitterhttps://twitter.com/comericabank
Instagramhttps://www.instagram.com/comerica_bank/
Interesting information about Comerica

Other Comerica products

We’ve also provided a list of all the Comerica products we have analyzed:

To conclude, you have more related content about checking accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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