Intro – Commerce Bank Reviews & Ranking

Commerce Bank was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s groundbreaking, four-step banks and credit unions selection methodology

Click here for a step-by-step breakdown of the methodology and selection process used during our Commerce Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

The Commerce Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of Commerce Bank.

Commerce Bank Review

Commerce Bank is part of Commerce Bankshares, Inc. There are locations of this bank throughout Missouri, Kansas, Illinois, Oklahoma, and Colorado. The network of locations includes 204 full-service branches and 406 Commerce Bank ATMs. This bank was founded more than 150 years ago, and it’s frequently been ranked on Forbes’ list of America’s Best Banks.

Commerce operates based on a promise to customers, which is to ask, listen, and solve. As well as an extensive network of branch locations and ATMs, Commerce also offers full-service online banking and a central contact center to streamline customer service.

Commerce Bank Reviews

Image Source: Commerce Bank

Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms

Upon completing our detailed reviews, Commerce Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors. 

Commerce Bank Review: Build Your Own Checking

Something Commerce does differently than many other banks is in providing the opportunity to “build your own” checking account. First, customers identify whether or not they’ll be able to avoid a monthly service charge. One way to avoid a service charge is by having a monthly direct deposit of at least $500, and another is by using a debit card at least 30 times a month.

Then, new customers can select from the options they’ll use, including an automatic savings plan, online banking, online bill pay, ID theft service, overdraft service, and email or text alerts.

Then, once the services you’ll use are selected, you can add them to your account, and you’ll be shown if your key features carry any charges. You’ll also see the total cost of maintaining the account you create by customizing the features most valuable to you.

Commerce Bank Review Build Your Own Checking

Image Source: Commerce Bank

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Commerce Bank Review: CommerceOptions

CommerceOptions is a signature Commerce checking account that’s designed to reward clients for their relationship with the bank. This account is available in two specific options: Plus and Premium. With both accounts come free online bill pay, higher rates on money markets, savings rewards, lower loan rates, a Visa credit card with no annual fee, and more perks.

With CommerceOptions Plus, users should have balances that total $10,000 with the bank, which can include any combination of checking, savings, money market, and/or CD accounts.

To be eligible for CommerceOptions Premium, account holders should have loan balances totaling $20,000, or they should have a Commerce mortgage or brokerage assets totaling at least $100,000.

Commerce Bank Review CommerceOptions

Image Source: Commerce Bank

Commerce Bank Review: Smart Solutions

Smart Solutions is a program offered by Commerce Bank that’s part of the goal the bank has to help customers reach their financial goals. As part of Smart Solutions, customers have access to information and actionable, practical advice, all of which aims to give people the opportunity to maintain more control over their finances.

Some of the topics recently covered by Smart Solutions include the following:

  • You’re Ready for Retirement, But Are Your Finances?
  • What to Do If Your Identity Is Stolen
  • Top 10 Considerations When Choosing Your New Neighborhood
  • College Versus Retirement: How to Set Your Saving Priorities
  • Five Ways to Save More, Starting Now
  • What Does Market Fluctuation Mean to You?
  • What If Your Debit Card Is Compromised?
  • Enhanced Fraud Protection: Understanding Chip Debit Cards

Commerce Bank Review Smart Solutions

Image Source: Commerce Bank – Smart Solutions

Commerce Bank Review: Loan Options

As well as offering traditional deposit accounts, Commerce Bank also offers a full line of lending and loan products.

Some of these include refinancing and lines of credit to manage finances as well as mortgages and remodel and renovation loans. Other loan products from Commerce Bank include auto loans, loans to fund a major life event or make a large purchase, and also education loans.

AdvisoryHQ (AHQ) Disclaimer:

Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.