Deal has expired, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $200 MCGC
- Availability: (Targeted) Select AZ, MI, and TX branch locations [branch locations]
- Direct deposit required: 3 consecutive payroll deposits of $500 or more within 90 days of account opening
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown (probably not in branch)
- Monthly fees: $13 (Avoidable/Waiveable)
- Early account termination fee: ???? (Couldn’t locate)
- Household limit: None listed
- Expiration date: October 15, 2019
Contents
The Offer
No direct link (targeted mailer with unique offer code)
- Comerica Bank is offering a $200 Mastercard Gift Card bonus for opening a new Comerica Access Checking Account
- with a minimum deposit of $50 by October 15, 2019
- and completing three consecutive direct deposits of $500 or more within 90 days of account opening
The Fine Print
- This is an exclusive, non-transferable offer (must be intended recipient of direct mail)
- Cannot currently be an owner of a Comerica Checking account (or an employee of Comerica)
- Account must be opened in branch
- Direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security)
- If required by law bonus will be reported as income to tax authorities
- Offer subject to change and may be discontinued at any time
Avoiding Fees
Monthly Fee
The $13 Monthly Fee can be waived if any one of the following qualifications is met:
- $1,000 minimum Ledger Balance each day in account
- One direct deposit of at least $250 or more per statement cycle
- Be a full time student up to the age of 26
- Be a business owner with a Comerica business checking account
- Be an Active or Retired Member of the U.S. Military
- Be a member of a Comerica Platinum Circle Checking household and designated by the Account owner as the one Access Checking Account free of monthly maintenance fees
Additional Fees
- Additional fees may apply for web bill pay – waived first 12 months then $6.95 per month if no direct deposit received
- Additional fees may apply for Comerica initiated outbound ACH Transfers ($3) [External Transfer Service]
Our Verdict
Three consecutive payroll deposits, a trip in branch, a bonus in gift card form (versus cash deposit), and requirements to keep the account fee free all feel unpleasant.
But if targeted, $200 in value with no hard pull could still be motivating (especially if you’ve already worked your way through the Best Bank Account Bonus List).
Alternative Offers
Update 09/19/2019: Mark received an alternative targeted offer $119 Amazon Gift Card
WELLS FARGO ACH works!
OCT 19 2020 $200.00 promotion posted
OCT 14 2020 WELLS FARGO ACH $501.00
OCT 13 2020 WELLS FARGO ACH $501.00
OCT 09 2020 WELLS FARGO ACH $501.00
The Amazon $119 gift card offer is now publicly available at the link below
https://www.comerica.com/campaigns/personal/access-checking-amazon.html
Sahil, thanks for sharing. I think
William Charles has an update post on this Comerica bonus in the queue. There may also be a link for a $200 bonus from Comerica available now too.
Yup, will go live tomorrow
In Arizona AZ, there’s no ETF.
Here’s the secure message:
My name is Sheniqua and I will be pleased to help!
You will be glad to know that in the state of Arizona, there is no fee to close the Checking account within 6 months of opening. Before the request is submitted via online message or phone request, please ensure that your account balance is a $0.00. Otherwise, you may step inside your nearest branch and request a closeout withdrawal. A final statement, reflecting your zero balance, will be sent to you through the U.S. Mail.
Thanks for sharing, very helpful
I received one with a $119 gift card sign up bonus.
https://pasteboard.co/Iy3mNfl.jpg
Mark, thanks for sharing. I linked to your comment above in a new alternative offers section.
This company will rip you off, don’t be stupid and open up any accounts with these thieves! They are stealing from disabled people. Including veterans! Do everything in your power to close this bank, and i mean everything for ever until it’s closed!