Posted by William Charles on August 14, 2017
Bank Account Bonuses

Published on August 14th, 2017 | by William Charles


[MO, KS, IL, OK & CO] Commerce Bank $200 Checking & $100 Money Market Bonus – No Requirements

Update 2: The new landing page shows the $200 + $100 offer and there is no mention of it being targeted so should be open to everybody. Reposting because of this.

Bonus s back with a new expiry date, this time it also has a clear offer code mentioned: P08300. Two readers report receiving the same offer code so doesn’t seem to be unique. They still might only post the bonus to addresses that received the mailer so YMMV still very much applies. Hat tip to readers Jay & Dan. Money Market account needs a $10,000 deposit now.

Offer at a glance

  • Maximum bonus amount: $200 for checking + $100 for money market
  • Availability: Missouri, Kansas, Illinois, Oklahoma and Colorado
  • Direct deposit required: No
  • Additional requirements: Account in good standing
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $20 + $6, avoidable
  • Early account termination fee: None
  • Household limit: One
  • Expiration date: July 8th, 2017 September 22nd, 2017

The Offer

Direct link to offer


The Fine Print

  • Limited time offer. Valid until September 22nd, 2017
  • To receive the $200 and $100 incentive, your CommerceRelationship Checking and Premium Money Market Account or CommerceOptionsSM Premium Money Market Account must be opened by September 22, 2017, and must be in good standing a full 90 days after opening.
  • Both incentives credited the next month to your CommerceRelationship Checking account.
  • Both incentives will be reported as interest to the IRS. Maximum total incentive $300.Minimum balance requirement of $10,000 in the Money Market Account to receive the $100 incentive. Annual percentage yield (APY) on CommerceOptionsSM Premium Money Market Account as of June 30, 2017 is .07% APY on balances up to $24,999.99, 0.10% APY on balances $25,000 to $49,999.99, 0.15% APY on balances $50,000 to $99,998.99, and 0.20% APY on balances of $99,999 and over. Rate may change after account is opened. Fees could reduce earnings on the account. Minimum balance requirement of $100 in CommerceRelationship Checking to receive the $200 bonus. Both incentives are limited to new customers who haven’t owned an account in the past 90 days and are limited to one per household. You must have your offer code at the time of account opening to qualify for the incentive. We reserve the right to restrict or change this offer at any time.

Avoiding Fees

I wasn’t able to find the fee schedule so unsure if an early account termination fee is charged or not. According to this comment none is charged.

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

myRewards Money Market $6 Fee

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

  • $500 daily balance OR
  • $1,000 average daily balance for the monthly cycle each month OR
  • at least one monthly electronic deposit, including Online Banking transfers, of $25 or more

Our Verdict

This is a fantastic offer and it’s great that the bonus is showing on the landing page now. There is nothing in the fine print that says it’s targeted, so it should be open to everybody. Money Market account requires it to be opened in branch and requires a $10,000 deposit so I don’t think that is worth considering (seems like you’d need to keep $10,000 deposited for four months as well) but the checking bonus is great as it has no real requirements apart from the $5,000 to keep the account fee free. They also offer a credit card of little interest.

I will be adding the checking bonus to our list of the best checking account sign up bonuses.


Big thanks to reader, Chris J who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

60 Responses to [MO, KS, IL, OK & CO] Commerce Bank $200 Checking & $100 Money Market Bonus – No Requirements

  1. Ali miha says:

    Just applied app pending no activity on credit reports. No mention of bonus though

  2. LC says:

    Under terms, 1) “You must have your offer code at the time of account opening to qualify for the incentive.”
    So is it an unique offer code? or does going to the link give you a code?

    • LC says:

      Did the reader who sent this in not receive an “offer code” perhaps on the back side of the flyer?

    • James B. says:

      It appears that a offer code is necessary for this promo. It looks like YMMV.

    • James B. says:

      I talked with a bank rep product specialist and asked if they have any on going promotional offers for new clients. She said they recently sent out targeted brochure offers that require the targeted potential clients to take the brochures into branch offices in order to apply for a new account.

      So it appears to be targeted.

      • Lc says:

        But.. it says to go to the URL, so applying online should work. Wonder if it’s they have an internal code linked up to the targeted individuals. I want to call and ask more, but trying to follow doc rules of “don’t call the bank”

        • EO says:

          I applied online and successfully opened a checking and money market account. No mention of bonus anywhere. I sent a secure message asking whether or not the bonus has been applied to the account, given that I used the URL on the flier. I’ll report back when I get a response,

          In the worst case scenario, I’ll refer my wife to open an account and we’ll each get a $50 visa gift card.

          • Adam says:

            Is credit card funding an option?

          • EO says:

            In response to Adam, no credit card funding was allowed (at least via online opening)

          • Thanks for CC funding DP, any soft/hard pull?

          • EO says:

            No hard pull. Don’t know if they run Chex systems, but if they do, they are not inquiry sensitive.

          • James B. says:

            Hi EO,

            Any response from the bank whether you qualify for the bonus?

          • EO says:

            I have not yet gotten a response to my secure message. Will update as soon as I hear one way or the other.

          • EO says:

            An update:

            I received the following message in response:

            “If possible, please provide an offer code number you may have previously received in regard to the incentive offer so that we may forward your information to the appropriate area for additional handling.”

            I replied by giving them a copy of the flyer and saying there was no offer code mentioned. (Rest assured, I did not link to this site when I did so.) When I hear back (again), I’ll give another update.

          • James B. says:

            Thanks for the update. This is definitely YMMV.

            Let us know if they give you an offer code and process the bonus offer.

          • EO says:

            Latest update. I received the following in response to my follow-up via secure message:

            “We have forwarded your information to the appropriate area for further review. Once a status has been obtained, we will advise you via email.”

            I will update once again I receive this promised email.

          • James B. says:

            Anyone successful in confirming the bonus without an offer code?

            It seems this bank requires a bonus to qualify for this offer.

        • James B. says:

          When I called the bank, I did not refer to the URL link here. I said a friend received an offer in the mail and I inquired if I could receive the same offer.

          The trick is to ask the right questions without raising red flags.

          I am going to wait out EOs update before proceeding.

          At this point, I do not want to add more unnecessary CHEX soft pulls.

    • Aaron H says:

      The promo code doesn’t look like the unique kind. P08300 P- Promotion, 08- August, 300- $300.

      But really, there’s no telling until someone succeeds. Thanks for posting. I’ll hold off ’til more posts.

  3. AC says:

    I couldn’t ​seem to find a state/area restriction. When I enter my zip code, which is outside these areas, it still allows me to proceed.

  4. bob says:

    Commerce has been my main bank for 11+ years now. was considering leaving them when i moved most of my assets to OldMissouriBank earlier this year. Wish i would’ve now, as i would be 90+ days clear by now.

    Commerce is a good bank – they recently redesigned their site, and even offer ACH transfers now (though it costs $0.99 per transfer, IIRC). No ATM network that i’m aware of, though.

    The don’t offer good credit cards, except for Drury Inn card, which gives 15000 points for one purchase. Otherwise, i think the most they offer is 1% cashback.

    • Jf says:

      Actually it changed. The visa signature is 1.5x but has to be redeemed in $50 increments. The wemc has annual fee but unlimited 1.5x, and unlimited 3x on dining and travel.

      It is refreshing as a person that’s dealt with commerce bank for 3 yrs to see a website redesign and some new bonus offers. But they are very strange with credit increases. You open a new card, they combine the limit from the old one, and then they may completely erase your older card from all credit reports. Big hassle.

      • bob says:

        interesting. i actually wouldn’t care if they erased my Drury Card from my report, as i used it once for $2.95 (or so).

        the $50 redemption increment is dumb. i really dislike cards that do that – it’s why i like the CapOne and discover cards. At least with Amex BCP, you get 6%, so it’s easy to get to $25.

  5. Ken says:

    Wife and I have been getting at least one credit card mailer from Commerce Bank every day. I don’t know what’s so special with us, but 5 mailers a week per person is just ridiculous. No matter what we’ve done to try and stem the tide of mailers they just keep coming.

  6. James B. says:

    That seems to be the trend. Banks want their clients to have their checking, savings, money market, investments, business, and credit card accounts, etc…….with them.

  7. john mccann says:

    Targeted. Have to get in the mail with a personal code by your name.

  8. Kathryn E. says:

    7/6 Applied in-branch for RelationshipChecking and myRewards Money Market with standard mailer. Mailer has a promo code on the front which the banking representative kept and will “complete a form” to apply bonus amount. $5000 minimum for checking and $500 for MM; plan to swallow 90 days worth of fees ($78) to get bonus without tying up money.

    Called prior to in-branch set-up and representative said that using the URL on the flyer will activate the bonus if you set up the account online (YMMV)

    Will check-in when bonus hits in 90 days (10/6).

    • Kathryn E. says:

      7/24 18 Days after account opening a Commerce Bank rep gave me a call following a “promotion audit” of my account. The bank auditors had ran my ChexSystems and found 5+ account openings in 30 days. They threatened to close my account if I could not explain the multiple openings as it “exposed the bank to liability.” Said I liked to get the most strategic rates and diversify my holdings; my reasoning was accepted and they said they would follow up if there were additional concerns.

  9. Jay says:

    Doc, Just received this mailer today. Account must be opened by September 22, 2017.

  10. LC says:

    There is no where to put in the offer code on the application. I had to call and put in a request to add it to the application. I am assuming only those who they have record of receiving the mailer will get it, unfortunately.

    • Darv says:

      They probably don’t keep records of that sophistication. At best, they probably know which zipcodes it went to, but I doubt it. Or that the people handling these applications won’t have access to this information.

      I’d love to see a confirmation that someone outside the target got the bonus. We don’t live in the KC area, live in MN. However my wife received a targeted mailer for a credit card bonus from this bank, $150, which she was approved for. She might have a case for doing one of these checking accounts but I’d still like to see a positive DP from someone outside the target.

  11. Frito Pendejo says:

    Anyone outside of advertised area get the bonus? Its been a few months since initial post.

  12. TJ says:

    Looks like you would need to have the account open 4-5 months before bonus posts thus netting only $100. Not enough incentive for me, or tying $5000 up that long.

  13. Judefinisterra says:

    CSR says there are no early termination fees

  14. Ryan says:

    Very helpful CSR said to open online with $100 into checking, once that $100 is deposited, you can open the money market account.

    Must maintain $100 per month to get the bonus.

    Call 877.737.3733 to make sure promo is attached to your account. They were able to do that for me.

  15. Matt says:

    I live in St. Louis, will try this. First checking account bonus. So I need to keep $5k in the checking account until bonus clears, then I can pull all $ and cancel account?

  16. Rab says:

    Is there a state restriction?

  17. Darv says:

    I don’t think this is a good one. $5k to get the fees waived, unwilling to tie up that money. $200 after taxes is probably $150 for me but after probably $40 in fees now it’s $110. Plus one person above almost had account shut down for apparently not much. Not worth it and believe me, I chase almost everything.

  18. Brian says:

    For those of you who opened your accounts some time ago —

    how long did the signup bonus take to post?

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