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Commerce Bank kick-started from Kansas City, Missouri in 1865 with a capital of around $10000. Francis Reid Long founded this bank with that little amount of money. He used this money to help companies leading construction after the civil war. This bank grows fast even from Kansas City, Missouri throughout the Midwest.
In 1881, the bank was acquired and became the National Bank of Commerce. In 1903, it changed its name, it became Commerce Bank. The Bank is the oldest and largest bank in Kansas City. As it was reported by U. S Federal Reserve Bank, the bank ranked 48th in the list of the largest holding company in the United States of America
Today, Commerce Bank has full-service banking locations in nine regions across Kansas, Colorado, Illinois, Missouri, and Oklahoma with more than $31.s billion in assets.
Pros and coins of Commerce Bank
This part of the article will run through what you may need to know concerning the good and bad of this bank. You only need to read as you are about to get to know them, I mean the pros and cons
====> As a student, you will enjoy basic banking products and services
====> You will be able to enjoy the full benefits of financial products and services under one account
====> On your account, you will enjoy bonus rewards with some accounts
====> The bank gives very low rates compared to competing banks
====> The bank is not located in all states in the country, its branches are limited to a handful of cities
The Bank Services and Products
This part of the article will list the products and services you will enjoy from banking with Commerce Bank. To fully enjoy this, you only need to keep reading as we explore them in this part of the article.
Savings Accounts: On this account, you will have up to 5 accounts on the account holder. You will also enjoy auto transfers from a checking account into a savings account and you will get rewards for saving 11 months in a row
CD Rates: On this account, you will enjoy fixed rates on your money. Terms of three months to five years
Insurance: On this account, you will enjoy what is called a single-premium multi-benefit policy and tax advantages. This is also a good account for disabling a set of people as they enjoy what is called disability insurance and long-term care.
Loans: On your account, you will be able to apply for vehicle loans; you will get a personal loan and lines of credit. You will be able to apply for a home mortgage, equity, and equity line of credit. If you are a student, you will be able to get student loans, you may even get loans to sponsor your children’s education under student loans.
Checking Accounts: Checking account is one of the accounts you enjoy the most while banking with Commerce Bank. On your checking account, you will have access to a basic free account, interest, and relationship accounts. If you meet the account requirement on monthly basis, the monthly fee will be can be waived. You will enjoy reloadable mySpending Card as an alternative to checking account
Credit Cards: This bank issues a credit card to customers on demand. These credit cards include a Travel reward card. On this card, you will be rewarded when using the card for traveling. Another card is called Secured Visa for customers establishing or rebuilding credit. The last but not the least credit card issued by Commerce Bank is called Rewards cards with cash back.
Money Market Accounts: On this account, you will enjoy the following: On your reward account, you will get up to $200 in one year for savings bonuses. On the premium account, you will be able to earn tiered rates based on balance. Finally on this account, that is, Money Market Accounts, rewards, and premium account are accessible.
Investments: This is the last type of account you enjoy in this bank. You will be able to plan on your retirement and manage your estate as well. You will enjoy hybrid asset management account for banking/investing and finally brokerage accounts.
On the bank account, you will be charged some fees on your accounts, this part of the article will run through the list of some of these fees.
Non-Commerce Bank ATMs: if you make use of your credit card on Non-Commerce Bank ATMs, you will be charged $2.95
Monthly Maintenance Fees: On a monthly basis, you will be charged a certain amount of money for maintenance which will be deducted from your account. The amount deducted ranges between $3 and $20, depending on your account. This fee can be waived if balance and/or deposit requirements are met
Inactivity: If your account is not active for a certain period of time, you will be charged some fees. If not active for 12 good months, after that you will be charged $8 per month, this takes action on checking and money market accounts. While on Savings accounts, you will be charged $5 per month after 18 months.
Overdraft Transfer: On overdraft transfer that takes place in your account, you will be charged $12
Deposited Item Returned: If you request or requested a deposit on the item returned, you will be charged $13 and will be deducted from your account.
Overdrafts and Insufficient Funds: If you have insufficient funds on your account and transact payment, you will be $37
Wire Transfer: Wire transfer take two phases, the incoming and outgoing wire transfer. On incoming wire transfer, you will be charged $13 for domestic transactions while $35 for international transactions. On outgoing wire transfer, you will be $40 for the domestic transaction while on international, you will be charged $60
The Requirement to Open a Commerce Bank Account
You can open an account through the branches and on the online process. But to that, you need the following:
====> Applicant must be 18 years and above
====> You legal names
====> You need your contact information, must be correct
====> You residential address not email address
====> You date of birth
====> Applicant needs Social Security Number or Tax Identification Number
====> Applicant needs the mother’s maiden name
====> Applicant needs two forms of ID, such as a driver’s license and passport
====> Some cash to fund your account
How to open an account on Commerce Bank
As mentioned above, the application can be completed by visiting the branches and complete the application process. You may also do so through the online process, which will take a few seconds.
You need a computer or phone to access the internet, and you are ready, but don’t rush into applying for just any bank account out there.
Step 1 ====> In other to complete the application through the online process, go to the homepage and click active online banking
Step 2 ====> Now, click on activate now button
Step 3 ====> Then, read through the terms and conditions and click on the accept button
Step 4 ====> Move on to choose your account type.
Step 5 ====> Fill in all the required details
Step 6 ====> Follow the on-screen instruction to complete the process
Commerce Bank Account Online Login Process
Now that you have completed the application through the online process, you need to learn how you can log in to your account. This part of the article will cover ways to log in to your account and thereby access your Commerce Bank online account. We will run through the web process and using the mobile app to access the online account.
Log In To CommerceBank Account via Mobile Phones
We will take a look at the mobile part of login first; this is not farfetched from the fact that most people or users make use of mobile phones to access your account.
In case, you prefer banking from mobile phones which include Android, tablets other mobile operating systems. Commerce also offers a mobile banking app, available for free on the App Store and Google Play. Here is how you can get started on your Commerce Bank mobile app:
Step 2 ====> After downloading, you need to install it on your devices, though on Google Play Store, it is auto installation. It will install after download without you performing any action
Step 3 ====> Now run the app on your phone, enter your login details in the field provided (user ID and password). You can also enable facial recognition or fingerprint access for quick and easy login if you have a device that supports it.
Step 4 ====> Finally in this part, tap on the login button to access your account.
If you enter the correct login details, you should be able to access your online banking account
Commerce Bank Account Login via a Computer
If you decide to access your account through the web, you are good to go. The process is very simple and easy to go about. You only need to visit the Commerce website and complete the process as we will guide you.
Step 1 ====> You need to visit the official website or copy and paste https://www.commercebank.com/ on your browser
Step 2 ====> Then, you need to enter your customer ID into the correct field on the left-hand side of the screen and click on the login button
Step 3 ====> You will be redirected to another page, where you need to enter your password.
Step 4 ====> Finally, click on the Log In button
If you enter the correct login details and followed the steps guide correctly, you will be able to access your account.
What can you do with your Account?
What are the actions you can take when you have successfully login to your Commerce Bank account through the web or the mobile app? This part of the article will take care of that.
====> Through your online account, you should be able to pay your bills if you have more cash in your account.
====> You will be able to view recent transactions taken place in your account
====> You will be able to lock and unlock your credit card, mostly when you make use of the app
====> Through the online account, you will be able to deposit checks and view them later
====> On the app, you will be able to find ATM and branch locations closer to you
====> Last but not least, you will be able to check your account balances.
View your Commerce Bank Statement Information
To view your Commerce bank statements online, follow these steps:
Step 1 ====> First of all, you need to log in to your online account as explained above
Step 2 ====> Now go to the Account Activity page.
Step 3 ====> Then, click on the View Last Statement at the upper-right hand side of the page.
To view statements farther back, go to the Accounts section and click Statements. Use the drop-down menu to navigate which statements period you’d like to view. Not every account type offers statements online.
Retrieve a Forgotten Username or Password
We are glad to inform you that you cannot reset or retrieve your username via the online process, rather you need to put a call through to the Commerce Bank customers support at 800 986 2265. Explain your situation regarding your account username, they will surely help you out.
If you have forgotten the password to your Commerce Bank login, follow the steps here in the article to reset your online account password.
Step 1 ====> Visit the official web page as explained above
Step 2 ====> Click on the login button located at the top left-hand side of the screen
Step 3 ====> Now, click Forgot Your Password? link
Step 4 ====> Then, enter your customer ID, the last 4-digits of your Social Security number, the last 4-digits of your card number linked to your account, and the 3-digit security code (the numbers on the back of your card).
Step 5 ====> Click on the Continue button to complete the process
If you follow the steps listed above you should be able to reset your account password.
Contact Commerce if you have Issues with Your Account
Call any of the following numbers to settle issues on your account. The issues may include trouble login into your account and many more.
An issue on mobile banking, call 844 782 7206
Online banking and pay bills issue, call 800 986 2265
An issue with account info, call 800 453 2265, available 24/7
Speak to a representative (general), call 855 659 1656