Commerce Bank Bonuses and Promotions: Best Offers for 2025
Written by
Cynthia Bowman
Edited by
Elizabeth Constantineau
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With more than 150 years of banking history, Commerce Bank has deep roots in the regions it serves. The bank has branches mainly in the Midwest and South.
Like many other banks, Commerce offers sign-up bonuses when you open a new account, although many people might not be aware of them.
Stop leaving money on the table and find out how much you can save by keeping an eye on special offers. Here’s what you need to know about Commerce Bank’s current promotions.
Current Commerce Bank Bonuses and Promotions
Commerce Bank is currently offering several promotions. Here’s a quick look:
| Account | Cash Value of Bonus | Expiration Date |
|---|---|---|
| Commerce Bank Personal Checking | $250 | None |
| Commerce Bank myRewards Savings | Up to $40 per year | None |
| Refer-a-Friend Bonus | $50 per referral; up to $500 per year | None |
Commerce Bank Checking Account Bonus
Commerce offers a checking account bonus for new customers who are referred by a friend. To qualify for the bonus, you’ll have to maintain a large balance, but it can be spread across several account products at the bank.
Commerce Bank Personal Checking Account: $250 Bonus
New customers referred to the bank can receive a $250 Visa Reward card when they open a new checking account and meet certain requirements. Each personal checking account comes with standard features like online banking and options for waiving monthly service fees.
- Bonus value: $250
- Minimum deposit to qualify: $100,000
- Expiration date: None
- How to get it: Follow the referral link provided by an account holder. Next, open a new personal checking account and maintain a minimum balance of $100,000 in any combination of savings, checking, money market and CD accounts for at least three consecutive months.
- When you’ll get it: The Visa Reward card will arrive four to six weeks after meeting requirements.
- Terms and conditions: The minimum deposit must come from funds not currently held at Commerce Bank.
- Monthly fees: $0-$22, but can be waived by meeting certain requirements.
Claim your bonus now by opening a new Commerce Bank personal checking account.
Commerce Bank Savings Account Promotions
This Commerce Bank bonus rewards you for making saving a habit. The more you save, the more you earn.
Commerce Bank myRewards Savings Account: Up To $40 Annual Bonus
Commerce Bank wants to help you with your savings goals, and it’s providing you with an incentive to do so. You can earn up to $40 per household ($20 per account) every year when you make regular monthly deposits. No Commerce Bank coupon code is required, and the bonus is automatic if you meet certain criteria.
- Bonus value: Up to $40 every year
- Minimum deposit to qualify: $0
- Expiration date: None
- How to get it: Open a myRewards savings account and then make 11 consecutive monthly deposits.
- When you’ll get it: During the month after you meet the requirements.
- Terms and conditions: The bank calculates the bonus by averaging your monthly deposits. You must make 11 consecutive monthly deposits and no more than four withdrawals per year to qualify.
- Monthly fees: $5, but can be waived by meeting certain requirements.
Extra extra cash by opening a Commerce myRewards Savings account.
Commerce Bank Referral Promotions
Both existing and new customers can take advantage of Commerce Bank bonuses offered through the referral program. The bonus is in the form of a Visa Reward card instead of a cash deposit.
Refer-a-Friend Bonus: $50 Per Referral
Commerce will give you a $50 Visa Reward card — up to $500 worth within a calendar year — for every friend and family member you refer who opens a new Commerce personal checking account. CommercePremier customers earn a $250 Visa Reward card for each qualified referral — up to $500.
- Bonus value: Up to $500 per year
- Minimum deposit to qualify: N/A
- Expiration date: None
- How to get it: Register for the Refer-a-Friend Program and share the program with others. The referred person must then open a new personal checking account using a provided link, receive a direct deposit, sign up for online banking and enroll in paperless statements to earn a $50 Visa Reward card.
- When you’ll get it: Four to six weeks after requirements are completed.
- Terms and conditions: Qualifying direct deposits come from payroll or government benefits. The referred person cannot have an existing Commerce Bank personal checking account.
- Monthly fees: N/A
Earn your bonus by sending out a Commerce Bank referral now.
How To Qualify for a Commerce Bank Bonus
To qualify for these Commerce Bank bonuses, you will have to open an account. You can either visit a local branch to open an account or apply online. You’ll need to provide the following:
- Two forms of ID, such as a driver’s license, state ID or passport
- Employer name and phone number
- Proof of address
Comparing Commerce Bank Offers to Competitors
Commerce Bank offers some great promotions but how does it compare against the competition? Take a look:
| Bank and Account | Bonus | Requirements |
|---|---|---|
| Commerce Bank Personal Checking Account | $250 | Open a new personal checking account using a referral link. Maintain a $100,000 balance in checking, savings, money market or CD for at least three months. Expiration: None |
| Bank of America, Member FDIC Business Checking Account | $500 | Deposit at least $5,000 in new money within 30 days. Maintain a $5,000 or higher average balance for 60 days. Expiration: Dec. 31, 2025 |
| Huntington Bank Platinum Perks Checking | $600 | Deposit at least $25,000 in new money within 90 days. The account needs to remain open for 90 days. Expiration: June 9, 2025 |
| KeyBank Key Smart Checking | $300 | Deposit $10 or more and receive one direct deposit of at least $1,000 within 60 days. Expiration: March 21, 2025 |
Looking for the best option for your banking needs? You’ll want to compare more than just the promotions or bonuses. Think about rates, fees and account options to find the right fit.
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$4.95 waivable monthly maintenance fee for Advantage Safe Banking accounts, $12 waivable monthly maintenance fee for Advantage Plus Banking accounts, $25 waivable monthly maintenance fee for Advantage Relationship Banking accounts
$10 to $25
$0 to $25, many waivable
APY
APY
APY
to
N/A
for Key Select Checking
Min Opening
Min Opening
Min Opening
$25 to $100
$0
$0 to $50
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
$8 waivable monthly maintenance fee per statement cycle
$4 to $10
$0
APY
APY
APY
to for most accounts, 5% to 20% booster for Preferred Rewards members
Up to
Min Opening
Min Opening
Min Opening
$100
$50
$10
MOST COMPARABLE
MOST COMPARABLE
MOST COMPARABLE
Fees
Fees
Fees
Early withdrawal fees apply
No monthly service fee
N/A
APY
APY
APY
to
on 5-month promo CD
Up to
Min Opening
Min Opening
Min Opening
$1,000
$1,000
$2,500
Tips for Maximizing Your Commerce Bank Offer
To make sure you get the full bonus from your Commerce Bank account, keep these tips in mind:
- Follow all the requirements: Stay on top of minimum deposit amounts and deadlines to make sure you qualify.
- Keep your account open: Some promotions require you to maintain the account for a set period — closing it early could mean you miss out on the bonus.
- Time your application wisely: Bonus offers vary throughout the year, so check for the best promotions before opening your account.
Conclusion
Commerce Bank offers a variety of banking products for personal and business customers. If you live or work in the bank’s service area, it might be worth a closer look. Check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions.
Just remember that bonuses and other special offers shouldn’t be the only factors you consider when choosing a bank. Make sure it meets your financial needs as well.
FAQ
Here are the answers to some of the most frequently asked questions about Commerce Bank bonuses and promotions.- How long does it take to receive a new account bonus?
- Most Commerce Bank bonuses are issued four to six weeks after you meet the requirements.
- Can existing customers qualify for these promotions?
- Most promotions are for new customers but existing customers may qualify for referral bonuses.
- What happens if I close my account early?
- Closing your account may forfeit your bonus. Make sure you know the required minimum account duration.
- Are there any taxes on bank bonuses?
- Yes, bank bonuses are considered taxable income. Banks may issue a 1099-INT form, which you must report to the IRS.
More About Commerce Bank
Cynthia Measom contributed to the reporting for this article.
Information on promotions is accurate as of Feb. 25, 2025. Additional requirements may apply. Offers and terms are subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
