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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    Page 1 Reviews 0 - 10
    Customer ServiceInstallation & SetupStaffProcess

    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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      Reviewed Jan. 22, 2025

      Please explain the logic of allowing me to use my DirectExpress card to make a purchase, or buy a postal money order for $1,889.45, which I do every month on the day SSI is deposited, but I can't get a measly $100 in cash? Please make it make sense!

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      Customer ServiceSales & Marketing

      Reviewed Dec. 10, 2024

      I would give this bank a 0 if I could. I was issued a rewards card from work for great performance. It states it expires in 2025. Went to use it, and there was no money left on the card. It’s a scam! Customer service was absolutely awful when I called.

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      Customer Service

      Reviewed Dec. 3, 2024

      Ok Comerica cancelled my debit card so I was trying to buy something and got declined, I called customer service and waited hours to speak with a bunch of different people and they actually told me they had no clue to why my card was cancelled. I will be leaving Comerica tomorrow and finding a better banking company.

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      Customer ServicePunctuality & Speed

      Reviewed Nov. 20, 2024

      As a small business owner, my experience with Comerica Bank has been absolutely terrible. They are ravaging my account with constant nickel-and-dime fees that add up to hundreds of dollars in banking fees every month. It’s outrageous and completely unacceptable. On top of that, their customer service is unhelpful, their technology is outdated, and the overall experience has been the worst I’ve ever had with a bank. If you’re considering Comerica, stay far away! They are fee mongers and will bleed your business dry. I can’t leave them fast enough. Avoid at all costs!

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      Customer ServiceStaff

      Reviewed Nov. 9, 2024

      My advice to anyone looking for a bank account or have paperwork notarized, I advise you to look somewhere else. The ladies are extremely rude and treat you (especially the men) like a common criminal. I had the worst experience trying to have paperwork notarized today. The notary lady barked at me like I was a stupid child, and when getting me back there to look at my paperwork I get ridiculed and had her co-worker laugh at me like I was an idiot. I will never step foot in Comerica Bank again.

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      Staff

      Reviewed Sept. 9, 2024

      I am not impressed. The staff is horrible, they overdraw me even when I had money still in my account. Don't bank here, I walked in. Asked to withdraw money. They told me no and said they were closed... It was 11:30 AM.

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      Customer ServicePriceStaff

      Reviewed Aug. 14, 2024

      I recently opened an account with Comerica because my dad banks here. They had a promotion if you bring new money you get a higher interest rate. Going in to open the account was definitely different. I had 2 people telling me 2 completely different things. The following Monday I received a call from the branch manager stating he was on vacation and sorry for any issues and if there's anything he could do to help just give him a call. So here it is August 14th... my funds are still not available so I call the customer service line and they tell me the funds have cleared and I need to call the branch to release the funds.

      Now remember the manager said to call if I needed anything. I spoke with him and he was giving me all kinds of crap saying they had to wait for the check to clear. So I told him it already had.... which he verified I was correct he just gave me the run around about 10 days... and apparently the 1st day don't count. The weekends don't count. And I'm still unsure why I can't have my money. It feels like a lot of unnecessary holds are going on for no apparent reason. So if you move your new money here to get the higher interest, be prepared for all the run around and not having access to your money for quite some time. As a business to customer stand point it's all a bunch of headaches and it NOT WORTH IT! Why put yourself through all the headaches.. just stay where you are!

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      Customer ServiceStaff

      Reviewed Aug. 1, 2024

      Stay far, far away. My experience: traveling abroad I tried to login to one of my accounts with them. Their system say a foreign IP address and started asking questions I had no idea what the anwers should be, 20 years after opening the account. So after two (2) failed tries they lock me out. Obviously I called (another expense) the 888 numbers and I gave them EVERYTHING they needed to verify me as the owner: name, dob, last 4 of SS, account number, phone number, US address, etc.

      Their response: there are two account connected to each other (checking/saving) and I need the info for the second account, account I have NEVER used. And because I didn't have the second account number, neither the first agent nor his supervisor helped me. For me it was IMPERATIVE to enter that account: for them it seemed it was a joke, just another sucker who had his money for over 20 years in their bank. But no more: as soon as I get back to the States I am taking all my money and closing my accounts with Comerica Bank, a joke of a bank!

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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