Comerica Bank Reviews

Detroit, MI

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Edited by: Tammy Burns

About Comerica Bank

Comerica Bank is a financial institution headquartered in Dallas, Texas. Founded in 1849, it operates in Arizona, California, Florida, Michigan and Texas and has branch locations scattered throughout these states. While Comerica Bank is a full-service institution with a breadth of services, including personal and business banking, most of its bank accounts have high monthly fees if you can’t meet the minimum requirements.

Pros
  • Full-service financial institution
  • A few branch locations
  • Low opening deposit requirements
Cons
  • High monthly fees
  • Low interest rates on deposit accounts

Featured Reviews

Tempe, AZ
Verified purchase
One of my colleagues banked at Comerica and I decided to give it a try. I have no regrets. Their customer service is excellent. The people and the branches are friendly, and they ...

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Grand Rapids, MI
Verified purchase
My brother … had a problem with an ATM malfunction. ... We went to your Grandville branch on Wilson. Your entire staff went WELL ABOVE ALL EXPECTATIONS! Not only did they connect ...

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What is Comerica Bank?

Comerica Bank is a financial institution headquartered in Dallas, Texas, with a history that dates back to 1849, when it was first established in Detroit, Michigan. Over the years, Comerica Bank has grown to become a leading provider of financial services in the U.S., with a presence in Arizona, California, Florida, Michigan and Texas.

How does Comerica Bank work?

You can open most Comerica accounts online from anywhere in the U.S., or you can stop by a local branch. All accounts have a $50 opening deposit in person or a $0 opening deposit online. Comerica Bank accounts are federally insured by the Federal Deposit Insurance Corporation (FDIC).

Once you become a customer, you can manage your account in the Comerica mobile app. You can reach customer service by phone or by stopping by a local branch.

Comerica Bank products and services

Comerica Bank offers a variety of financial products and services.

Comerica Bank checking accounts
Comerica’s checking accounts include Access Checking, Rich Rewards Checking and Premier Checking. But all have high monthly fees compared with checking accounts offered by similar banks.
  • Access Checking is a basic account that requires you to keep a minimum $1,000 balance to avoid the $13 charge.
  • Rich Rewards Checking is an interest-bearing checking account that requires a $5,000 minimum balance to avoid the $18 monthly fee.
  • Premier Checking is a premium account with added benefits, such as higher interest rates and ATM fee reimbursements. It has a $22 fee that’s waived when you maintain a minimum $7,500 balance or have a Comerica revolving home equity account.
Comerica Bank savings accounts
Comerica savings accounts allow you to earn interest on your savings while keeping your money safe. These accounts include the Statement Savings, Money Market Investment and High Yield Money Market Investment accounts.

Monthly fees range from $5 to $25, but there are several ways to avoid them. For instance, you can waive the $5 monthly fee on the Statement Savings account if you’re under age 18, over age 61 or link a Comerica checking account.

Comerica Bank CDs
With Comerica Bank, you’ll find two types of certificates of deposit (CDs): fixed and flexible.
  • Fixed-rate CDs have 7- to 10-year terms and have annual percentage yields (APYs) that top out at 0.20% at the time of publishing.
  • Flexible-rate CDs come in one-year terms and have added perks like one free early withdrawal and the ability to add more deposits throughout your term.
Comerica Bank loans
Comerica loans include mortgages, home equity loans and refinancing, as well as auto loans, personal loans and student loans.
Comerica Bank investment services
If you’re looking for an investment account, Comerica Bank gives customers the option to open an individual retirement account (IRA), as well as a 529 college savings plan.
Comerica Bank insurance
Comerica Bank provides several types of insurance, including:
  • Life insurance
  • Business insurance
  • Property insurance
  • Auto insurance
Comerica Bank small business accounts
Comerica Bank’s Basic Business Checking Account has no monthly fees and is ideal for business owners with fewer than 150 transactions a month.

Beyond this, Comerica offers six additional checking accounts for midsize companies, commercial businesses, attorneys and more.

Comerica also offers business savings accounts and CDs, credit cards, cash management and financing.

Comerica Bank fees

Comerica Bank checking account monthly fees range from $13 to $22, and savings account fees range from $5 to $25. If you have a business account, the bank charges anywhere from $0 to $30, depending on the account type. These charges are accurate as of the time of publishing.

Comerica Bank’s account fees can be waived when you maintain a minimum balance or meet certain activity requirements. You can avoid overdrafts by linking your Comerica checking and savings accounts.

Comerica also charges for the following:

  • $26 for overdrafts (first time)
  • $34 for overdrafts (second, third or fourth time)
  • $38 for overdrafts (five or more times)
  • $2.50 for domestic out-of-network ATMs
  • $5 for international out-of-network ATMs
  • $5 for excessive withdrawals from a savings account
  • $14 for incoming domestic wires
  • $17 for incoming international wires
  • $6.50 to $29 for outgoing domestic wires
  • $13 to $58 for outgoing international wires

Comerica Bank FAQ

What kind of Bank is Comerica?

Comerica is one of the 40 largest commercial banks in the U.S. by asset size at the time of publication, according to the Federal Reserve. It’s a full-service, traditional financial institution serving the needs of personal and business customers in Arizona, California, Florida, Michigan and Texas.

Is Comerica a good bank?

Comerica has a variety of accounts and services and is a good choice if you’re looking for a traditional bank with branch locations. However, its high monthly fees and low savings account interest rates mean it’s not ideal if your primary focus is growing your savings.

Does Comerica Bank offer Zelle or another payment service?

Yes, Comerica offers Zelle for person-to-person payments. You can make a Zelle payment through the Comerica mobile banking app or web account.

Where is Comerica Bank available?

Comerica operates in Arizona, California, Florida, Michigan and Texas.

Is Comerica Bank legit?

Comerica Bank is a well-established financial institution that provides a range of services to meet the needs of individuals and businesses.

While its fees may be higher than at some competitors, it could be worth exploring if you live within its service area and are looking for a brick-and-mortar bank. Otherwise, you may find lower fees and better rates with these top online banks.

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Comerica Bank Reviews

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    How do I know I can trust these reviews about Comerica Bank?
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    Page 1 Reviews 0 - 10
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    Customer Service

    Reviewed Dec. 31, 2025

    It didn't let me pick 0 and it's about what you get in the bank when you call them. I ordered a new card and keep getting the run around on receiving my new card. They send the wrong mail to me a lot!!!!

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    Customer ServiceSales & MarketingPriceRefunds & PayoutsStaff

    Reviewed Dec. 6, 2025

    Was very friendly upon signing up... yet once established, seemed they were too busy and leaned towards the inhospitable side.... yet over the phone, well, very professional helpful.. unlike in person (we're talking about the same "agents"... I know all of their names and a few personal info.. which they kindly share when I opened my account... I reported a probable scam. Well they "paid them". Would not reverse the charges nor reimburse me.. ($400.⁰⁰ +)!. Looking to change banks. Lost faith in any Domestic Banks.

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      Punctuality & Speed

      Reviewed Sept. 29, 2025

      Comerica is a horrible bank. My wife gets her child support loaded onto a Way2Go Card that is through Comerica. We use this card to pay our rent and that's all we do with it. Comerica decided without informing us that they were going to restrict the account. Now a month later Comerica still will not release my wife's $ and we got evicted. Because of Comerica and the Way2Go program my wife and I with her 2 children are on the streets and we all lost everything we own.

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      Customer Service

      Reviewed Sept. 22, 2025

      I have been banking with them for 10 years and today's the last day. Over the last 4 to 5 years they have consistently been going downhill with customer service only allowing you to talk to some robot on the phone. They have also increased your ability to actually access the money that you work hard for and get deposited into the account to use to survive. I should not have to call and get approval every single time. I want to make a transaction. It should not take a week every time I need to move money or I want to pay someone. It has become completely untenable and unrealistic to manage finances in this fashion. Somebody needs to get their head out of their backside and figure this out. Or you can just kiss everyone you do business with goodbye. If I could leave zero Stars I would as one star would imply somebody actually does something.

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      Contract & TermsPunctuality & SpeedBillingRates

      Reviewed Aug. 25, 2025

      I have been with Comerica since way back in the day when they were incentivizing online banking. In fact I opened an online account I wish I could remember the name of it but I cannot. Anyway it was set up so that you limited the amount of time to actually would go into the bank. I am held large balances in my checking account for decades. Today when I went in to transfer some of that money into CDs they told me I couldn't get the better interest rate unless it was no money. They asked me if I had any accounts with other Banks so that I could transfer that money to their CDs.

      Today I've made arrangements to switch Banks. I will get a much better interest rate and a lot more benefits by switching. Thank you Comerica for treating your longest and best customers like second class citizens. You finally gave me the incentive to switch. Soon you will see all of my direct deposits disappear, and all my automatic payments canceled, then you will see no more online bill pay taking place and finally I will suck all my money out of your bank. Thanks again!! PS another thing you were no longer even convenient locally because she closed 75% of your branches in the past year. Next up I will close my business account.

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      Customer ServicePriceLoan Process

      Reviewed Aug. 12, 2025

      It's a bank that doesn't do personal loans. In a city of 120k they have 4 ATMs and they are all located at the banks, this defeats the purpose of ATMs. They charge an additional 3.50$ to use non Comerica ATMs, so after using a non Comerica ATM and paying another bank's ATM fee it will cost you around 7$ to use an ATM.

      Every phone call is through automated lines that are horrible. If you want to talk to a person it's almost impossible so I hit the "new customer" button so I can talk to a person. New customers get a live person, exciting customers get lost in the automated cycle of frustration. There are zero perks to using Comerica.

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      MaintenanceTransparency

      Reviewed July 21, 2025

      Absolutely unacceptable experience with Comerica Bank at 4730 State Highway 121 in The Colony, TX. On May 3, 2025, I attempted to withdraw $1,310 from their ATM. The machine did not dispense the money, but it was still deducted from my account. When I visited the branch the following Monday, I was told the ATM was broken, and the branch manager even admitted this has happened before.

      Despite this, Comerica refused to return the funds. They claimed their internal records showed the money was dispensed, but no video footage or ATM cash count was ever provided to support that claim. I filed multiple complaints through Direct Express, who informed me that this is a merchant issue, Comerica’s responsibility to resolve. Still, nothing has been done. This situation has been a nightmare, and the complete lack of accountability, customer support, or transparency is beyond disappointing. I'm disabled and I trusted Comerica and Direct Express with my money, and they failed me when it mattered most. If you value your time, money, or peace of mind, avoid this bank.

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      Customer ServiceRefunds & PayoutsMaintenance

      Reviewed June 29, 2025

      $7500.+ in a savings account. $17.00 monthly “maintenance fee”. “No. You cannot close this account over the phone and we will not send you a check for your balance.” 12 days for “customer service” to return my phone call, after which I was able to transfer the money.

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      Customer ServicePunctuality & SpeedStaffTransparency

      Reviewed Feb. 14, 2025

      Terrible trust administration customer service! My mother directed that her estate trust be set up with them, for regular income distributions. It has been 13 months since the process of setting up the trust started, it is still not finished. Their original estimate was 7 months. They are not at all forthcoming with updates and information, we rarely get any communication unless we initiate it. When I have asked for status updates, the usual answer is "I'll check and get back to you", then they don't reply until I email again. Now after a month of hearing nothing I emailed my trust officer, and received an auto-reply that she is no longer with Comerica! No notice, no contact by anyone. I emailed the two contacts in her reply and 36 hours later there is no answer. Very much considering moving the trust elsewhere. I highly recommend against this bank!

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      Punctuality & Speed

      Reviewed Feb. 1, 2025

      Absolutely terrible bank, 3 bankers/managers constantly stand and sit around talking while there is one teller. Long wait times in general, you'd be far better off at another bank. Gladly closed my account and went over to Chase where they can get me out without being there for 15 mins plus. They also could not cash a check issued by their bank. Could find livelier service in a graveyard.

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      Comerica Bank Company Information

      Company Name:
      Comerica Bank
      Address:
      151 S. Rose Street
      City:
      Kalamazoo
      State/Province:
      MI
      Postal Code:
      49007
      Country:
      United States
      Website:
      www.comerica.com