Offer at a glance
- Maximum bonus amount: $100
- Availability: MA only
- Direct deposit required: Yes, no minimum specified
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $5, waivable
- Early account termination fee: Unknown
- Expiration date: None listed
The Offer
- Receive a bonus of up to $100 when you open a new Commerce Bank checking account (excluding free accounts). Bonus is broken down as follows:
- Receive $25 for enrolling in direct deposit
- Receive $25 when you enroll in Bill Pay and make three bill payments
- Receive $25 when you enroll in Mobile Check Deposit and make 1 Mobile Deposit
- Receive $25 when you use your debit card to pay for at least 10 signature purchases from a merchant
The Fine Print
- Offer cannot be combined with any other offer and is limited to one incentive per customer/account.
- Offer does not apply to second or multiple personal accounts; business and Free Checking accounts are excluded.
- Up to $100 worth of incentives available to new checking accountholders as follows: (1) Get $25 when you enroll in Direct Deposit; (2) Get $25.00 when you enroll in Bill Pay and make 3 bill payments; (3) Get $25 when you enroll in Mobile Check Deposit and make 1 Mobile deposit; (4) Get another $25 when you use your debit card for the new checking account to pay for at least 10 signature purchases from a merchant.
- Only new Commerce Bank customers are eligible for bonuses.
- Checking accountholders who meet all of the terms of the offer will receive incentive(s) within 90 days of the qualifying transaction(s); incentive(s) will be deposited directly into the respective Commerce Bank checking account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Easiest account to keep fee free is the Commerce-On-The-Go Checking account. You neeed a minimum $5,000 average daily balance to avoid the $5 monthly fee, you must also be enrolled in Online Bankng & receive eDocuments.
I wasn’t able to find the fee schedule so I’m unsure if there is an early account termination fee or not.
Our Verdict
Requirements for the bonus and to keep the account fee free are much too high to realistically consider, especially when there are so many other bonuses that are better value. If anybody does decide to give this one a go, please make sure to let us know if it’s a hard or soft pull to open and if you can fund with a credit card.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
