Posted by Chuck on June 27, 2018
Bank Account Bonuses

Published on June 27th, 2018 | by Chuck

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[Expired] [Targeted] Commerce Bank $300 Checking Bonus [MO, KS, IL, OK & CO]

This deal has expired, view more Commerce Bank deals here or a list of the best checking account bonuses here.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Missouri, Kansas, Illinois, Oklahoma and Colorado
  • Direct deposit required: Optional
  • Additional requirements: Direct deposit or 10 debit purchases
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $20, avoidable
  • Early account termination fee: None
  • Household limit: One
  • Expiration date: July 14th, 2018

The Offer

Direct link to offer

  • Open a new CommerceRelationship checking account and receive a bonus of $300 when you either make 10 debit card purchases or have two direct deposits of $300+ post to your account.

Requires unique targeted promo code to get this offer.

The Fine Print

  • To receive the $300 incentive, you must have at least two direct deposits of any combination of a paycheck, pension payment, Social Security payment, or other government benefits payment of $300 or more each electronically deposited into the checking account from an employer or outside agency within 90 days of opening. Making 10 purchases with your debit card within the first 90 days of the account opening will also earn the incentive.
  • We reserve the right to request documentation that the direct deposits qualify.
  • Your CommerceRelationship Checking account must be opened by July 14, 2018, and must be in good standing 90 days after opening.
  • Any incentive earned will be paid in the month following the month in which the 90-day requirement is met. For example, if your account is opened on June 15, 2018, your 90-day requirement is met on September 13, and your incentive will be paid in October. All incentives earned will be credited to your CommerceRelationship Checking account.
  • The incentive will be reported as interest to the IRS.
  • Minimum balance requirement of $100 in CommerceRelationship Checking 90 days after account opening to receive the $300 bonus.
  • Incentive limited to new customers who haven’t owned an account in the past 90 days.
  • You must have your promo code at the time of account opening to qualify for the incentive. Offer only valid for recipients of mailed offer, not transferrable, one offer per household.

Avoiding Fees

CommerceRelationship Checking $20 Fee

The monthly fee on this account is waived if  you have:

  • $5,000 average daily balance in this account OR
  • $15,000 in combined deposit balances

Early Termination Fee

According to this comment no early termination fee is charged.

Our Verdict

This is a fantastic offer, though targeted to those who received a promo code via mail. I wonder if you’ll be able to get this offer by going in a branch and requesting it, let us know if you try.

Be sure to leave $100 in the account at the 90 day mark to be eligible for the bonus. Assuming you leave $5k there to keep the account fee-free, that will be happening anyway.

It’s also possible to get up to $100 bonus by opening two savings accounts with Commerce Bank – you deposit $50 each month into two separate accounts for 11 months ($1,100 total cash outlay), and get two $50 bonuses the 12th month. More details can be found here. 

Thanks to readers Wes, Wes, and MFT for letting us know about this bonus. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Ken
Ken

These clowns are relentless. Wife and I both get CC offers every other day and we haven’t lived in their targeted area for a year now. 30 mailers a month is insane.

Credit
Credit

When you apply they will give you a hard time.

Ken
Ken

We’ve tried getting them to discontinue the stupid mailers but nothing will stop them.

sam
sam

Well, they work. A few years ago I got them like this and literally the only reason I got the card was so they would stop. lol

Ken
Ken

Do you remember which credit report they pulled?

Mike
Mike

Easiest way to stop mailers – apply for the 150 card. Then they stop immediately!

Ken
Ken

So the card in the mailers just apply for that? I don’t want to waste a hard pull to stop some mailers, but I could run a furnace to heat a city block lol.

John K
John K

Haha I wish… I still get the mailers, and I already have the card. “What more do you want from me!!!” XD

Ken
Ken

hahaha, so there’s no way to win with them.

Chase Gibson
Chase Gibson

Does this link work to get the bonus?

https://commercebank.com/crcheck300

John K
John K

The fine print on the page says: “You must have your promo code at the time of account opening to qualify for the incentive. Offer only valid for recipients of mailed offer, not transferrable, one offer per household. Commerce Bank reserves the right to determine eligibility of account for offer, and offer may be revoked at any time at Commerce Bank’s sole discretion.” When I click that link, and go to open an account, no further mention of the $300 bonus is given. I didn’t actually go through with the application, because I don’t want to open a checking account with them and miss out on a bonus opportunity later.

john mccann
john mccann

I banked with them for 20+ years. Typical big bank. No interest in the bank. And no interest in you. Targeted? Yes- and you are the bullseye.

John K
John K

Ouch

Andrew
Andrew

I signed up when I got the mailer a few weeks ago, then got notice that they’ll be closing it this week because of the Chex Systems. I’ve done about 17 banks in the last 24 months, 11 in the last 12.

Adam
Adam

Same thing as Andrew happened to me back in early May with the same offer. Opened the account, then a few weeks later, got a notice they were closing it due to Chex Systems. My numbers are close to Andrews.

sam
sam

Abuse of chex systems. If it were identity related etc. then they would stop you at that point in time when you apply. They want to allow all at first, and cause us hassle though while they get around to deciding whether their numbers are good enough to allow us to get the bonus, at their leisure. CFPB them….if it still exists…

Ann
Ann
ben
ben

Whats the min purchase needed on the debit car?

SC
SC

This offer is valid again until September 15th now. Got a mailer. With the same link.

William Charles

Thanks

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