[Targeted, MO, KS, IL OK, CO] Commerce Bank $700 Checking Bonus

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• DP: They DO pull CHEX and seem sensitive...see my post below but after allowing me to open an account online they closed it within 48 hours...without notifying me. I had to call to find out it was CHEX.

  1/3/6/12/24 =>> 2/2/3/14/16

  • Sorry, all. Seems like I was exceptionally repetitive with my posts...I can't figure out why some of my posts go into the holding pen and others don't. So, I might assume I forgot to actually post!

    • You can fix that by including the same email address with all of your comments in the future. 😉

  • In the future, it's best to write your Chex stats like this so it's more clear for others: 2/1, 2/3, 3/6, 14/12, 16/24. 😉

    • I typically have seen users post them on DOC as 2/2/3/14/16...which as a newbie to CHEX confused me at first! I thought I was being nice to CHEX newbies by adding the explanation. :D

      Would it have been better if I said "My 1/3/6/12/24 CHEX stats are 2/2/3/14/16"?

      I'm honestly not trying to be a jerk...just trying to figure out a good way to post them that's as clear as possible. Personally, "2/1, 2/3, 3/6, 14/12, 16/24" would be harder for me to read/process. But that could just be me. :D

      I also realize my post below listed my 24 month stats as 17...I had three banks pull CHEX in a relatively short timeframe and I was manually adjusting for it when I posted my DPs for those three banks...might have done the math wrong somewhere. Sorry!

      • #1. I have never seen anyone write it that way. That's why I replied to you to try to help you out.

        #2. What "explanation" did you provide in your initial comment?

        #3. No, writing that “[your] 1/3/6/12/24 CHEX stats are 2/2/3/14/16” would not be any better.

        #4. If you want to be even clearer, write it like this in the future: "my Chex inquiries before applying were as follows (inquiries/months): 2/1, 2/3, 3/6, 14/12, 16/24".

• Hmmm...I thought I posted an update here but maybe I never actually hit the "post comment" button. Just in case it never reappears...

  I applied on 6/1/25...I was approved...got an account number...registered online...signed up for e-statements...

  6/3/25 the microdeposits for my funding account appeared and I went to verify them so the funding could proceed. The account wasn't showing online.

  I called the bank and the account was closed for CHEX....less than 48 hours after being approved.

• DP: They DO pull CHEX and seem relatively sensitive. They allowed me to open the account online, set up e-statements etc., and I even had the microdeposits for initial funding appear in my external checking account. THEN they closed it without telling me, less than 48 hours after allowing me to open it.

  CHEX stats:
  1/3/6/12/24 =>> 3/3/4/15/17
  Score: 601

  CHEX frustrates me a little bit by only looking at inquiries.

  I know credit pulls also look at inquiries...but they temper that with current accounts.

  I only have active accounts with 7 of the banks on my CHEX.

  Also, two of my inquiries in the 12 month category are duplicates. One is a bank I applied to twice (Just under a year apart...I guess the first time they didn't like me) and the other is a bank that pulled both for a checking account AND their credit card (two months apart).

• I called and they said you'd only see the facebook ad if you're on their mailing list.

• Applied for P1 with Chex frozen and was instantly denied citing Chex. I didn't want to waste a Chex hit for P1, so I applied for P2 with Chex unfrozen and was immediately approved (with IL address).

  P2 Chex stats 3/1, 6/3, 10/6, and 14/12.

  Not targeted, but will test the Facebook ad route and CFPB if needed.

  • Today I'm getting Invalid Customer ID or Password when trying to login to online banking. Not looking good.

    • @guest_2071305 Please keep us updated, I was about to open an account soon. I will wait to see what happens with yours.

      • My ACH payment from Bluevine to Commerce sent on 6/3 was returned today as well. It appears to be a shutdown just like @guest_2071732 mentioned above. Still waiting for official notification from Commerce.

        • P2 received a letter in the mail today from Commerce Bank stating that due to information received from ChexSystems after account opening, Commerce Bank has elected to close the above referenced account(s) effective immediately.

          Uh, that is blatantly incorrect. They definitely pull Chex prior to opening the account. They are ignoring the fact that their system doesn't process the Chex information correctly and that they have to then close the account after the fact.

          We will be disputing the Chex inquiry.

        • Have you had luck disputing inquiries like this? I tried disputing one a year or 2 ago after the bank told me their online application wasn't working, but chex left it.

        • It's very hit or miss. Only about 1/4 of all disputes are successful.

        • Thanks for your DP. Sux that they had bank remorse and pulled the rug on you, they got the heebie-jeebies. The timeline of about a week from opening, lock out/closure to letter was surely quick.

  • Trying the same route. Took the Chex hit and was approved. Assume you're going to go use real employer DD on this one in order to be able to proceed with CFPB complaint if it comes to that

    • Yes, real DD via Chase biz ACH Payment Service.

• Last time this bank had a promo they closed my account after opening it for 10 days, cfpb complaint yielded nothing

• "Name and address on new account must match Commerce Bank’s mail list records to be eligible for the bonus."

  What this imply is if you're not in any of their "mystery" marketing database they have grounds to screw you or make you fight to have them honor their promotion. It's a good offer if you qualify though.

• Not in one of the states listed but I have a credit card with them. Any chance I’d get approved that way?

• Does anyone have a screenshot of the Facebook advertisement?

  • Click on the link above:

    Bonus is being advertised on facebook though.

• Hmmm....I quickly signed up for their e-mail "newsletter"...hoping that maybe helps with "being on their list".

  I wonder if you could open one of their other products like a savings account which might get you on their list...then in a couple of weeks open the checking account. You can be an existing Commerce Bank customer...you just cannot have had a checking account in the last 12 months.

  I should have tried that. I just jumped on the offer in case it got pulled.

  • Can you share a link for the newsletter? I searched the site and I don't see any marketing sign ups. Thank you!

    • Here ya go!

      Newsletter Sign Up

      • I saw that, but it looks like it's just for business banking...