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$120 Checking Account Bonus at Comerica Bank


Comerica Bank
Update 8/28/09: The expiration date has been extended to October 5, 2009.

Comerica Bank is offering a promotion called the Sensible Stimulus Package. The promotion page is at It says you can make up to $230, but based on what I've read and what I've been told by a Comerica CSR, only $120 would be doable and worthwhile for most people. The $120 checking bonus isn't too bad, but it will take some time and some work. To qualify for this promotion, you must have an active Comerica personal checking account and register online at the promotions page by September 4, 2009. Here's a summary of what needs to be done for the $120:
  • Open Comerica checking account and register for this promotion
  • Use your Comerica Check Card for purchases 8 times a month for 12 months
  • Pay 8 bills online each month with Comerica Web Bill Pay for 12 months
For the check card purchases and the Bill Pay, $5 monthly payments will be made to your checking account each month so you won't have to wait to the end of the year to collect.

There's also a $50 bonus for establishing a recurring direct deposit. However, I was told by the CSR that the Comerica checking account must have been opened for at least 6 months to qualify.

Finally, up to $60 can be earned by opening a new Comerica savings or money market account. This requires maintaining a $10K balance. Since their savings and money market accounts pay so little interest, you'll be better off opening an online savings account at another bank that earns a decent interest rate.

Here are some details about the checking account and the promotion that I learned from the CSR:
  • Available to people in any state. Account can be opened by mail. This is what the CSR told me. You'll have to call (800.292.1300) and initiate the application on the phone. They'll mail you the documentation. I have a feeling your miles may vary on this if you live outside Comerica's market areas in Arizona, Florida, Texas, California and Michigan.
  • According to the bank rep, there's no hard credit pull when you open a checking account. They just do a ChexSystem verification and a soft pull for the check card. Note, CSRs are often wrong about hard pulls.
  • Their basic Access Checking Account qualifies for this promo, but it does have potential monthly fees. Fees can be waived if you maintain a $800 minimum balance, have direct deposit, own a house or are a full time college student. There's also a quarterly inactivity fee that you have to watch out for.
Comerica is a large bank with most of its branches in Michigan, California and Texas. There are only a few branches in Arizona and Florida. Comerica is a member FDIC (FDIC Certificate # 983).

To find other bonus deals, please refer to my bank bonus page which has all of my recent bank bonus posts.

  Tags: California, Comerica Bank, Michigan, Arizona, Texas, Florida

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Comment #1 by Anonymous posted on
SO many hoops to jump through and so many land mines planted to make your live miserable.
It is a big, NO thanks, from me.

Comment #2 by Anonymous posted on
I agree. Let the bank keep all their bonuses. We don't bite the pathetic bait.

Comment #3 by Anonymous posted on
They will get you on one of their traps, sooner or later or you will have to part with your bonuses received or you will pay for your own bonus down the road.
This is not a real bonus, the money you give them, it is a free money to them without receiving any real interest but exposing yourself to all kind of penalties. Just try to close the account within a year and see what will happened.

Comment #4 by Anonymous posted on
They will pay you now, and you will pay them more later!


Comment #5 by Anonymous posted on
Lets' see... market areas in Arizona, Florida, Texas, California and Michigan. 4 out of 5 of those markets are in the dumper. How healthy is this bank? Is the only way they can make money through tricky gotchas like this deal provides? No thanks.

Comment #6 by Anonymous posted on
Comerica Bank is known as thief among the present customers. They have fee for every contact you make or ask a question, not to say about the regular fees, some hidden, some upfront.
You have to be a moron to open an account with this bank.

Comment #7 by Anonymous posted on
I used to have an account with them a year ago. Closed it when they made my money disappear from the account.
It wasn't much, less then $200, but it took them 2 weeks to return my money back. Their excuse was, get this: "There was a computer glitch and resetted all accounts for that day to $0. It wasn't our fault and we are returning your money back as per you request"

What would have happened if I didn't find out on time, you guessed right, they would have taken it as per their fine print:
" must report any errors or discrepancies at once to us for investigation or we will assume the current balance reflects the correct amount in your account..."

Comment #8 by Anonymous posted on
It is a big NO from me either.

Comment #9 by Anonymous posted on
Comerica has pushed the deadline on this back to Oct. 5. (See the Comerica web page.)