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Comerica: Overall Bank Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.25 |
| Checking | 3.5 |
| Money market account | 3.25 |
| CD | 3.25 |
| Trustworthiness | 4 |
| Total: | 3.5 |
In our Comerica review,we rate checking accounts, savings accounts, CDs, and money market accounts by looking at features like minimum opening requirements, monthly service fees, and customer support. Learn more about our methodology for rating bank accounts.
Comerica: Pros and Cons
| Pros | Cons |
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Comerica Statement Savings Account - Product Name Only
The
Comerica Access Checking Account - Product Name Only
The
You could consider a Comerica checking account if you qualify for one of the requirements to waive the monthly service fee. You won't have to pay a fee if you 1) have a $1,000 daily minimum account balance; 2) have a monthly direct deposit of $250 or more; 3) are a student that's under the age of 26; 4) have a Comerica business checking account 5) are an active or retired member of the US military or 6) have a Comerica Platinum Circle Checking Account.
Comerica CD - Product Name Only
Comerica has solid CDs. Terms range from seven days to 10 years. You can find more competitive CD rates at other brick-and-mortar financial institutions, though.
Comerica Money Market Investment Account - Product Name Only
The
How Comerica Works
Comerica has more than 400 banking centers and 600 ATMs in Arizona, California, Florida, Michigan, and Texas.
Call customer support from 8 a.m. to 9 p.m. ET on weekdays or 8 a.m. to 5 p.m. on Saturdays.
Comerica may not be the most appealing choice if you frequently use mobile banking. The bank's mobile app has 2 out of 5 stars in the Apple Store and 3.4 out of 5 stars in the Google Play store.
Comerica is FDIC insured, which means up to $250,000 is protected in an individual bank account.
Is Comerica Trustworthy?
Comerica has been involved in one recent public controversy. In 2021, the US Central District of California required Comerica to pay over $54 million in a settlement that accused the bank of helping in an alleged Ponzi scheme by Woodbridge Group.
For our Comerica review, we also use ratings from the Better Business Bureau to help indicate how a bank is likely to interact with customers.
Comerica has an A+ rating from the BBB. A good BBB rating doesn't necessarily guarantee your relationship with the bank will be ideal, though. It can also help to talk to current customers or read online customer reviews.
Comerica Review vs. PNC Bank Review
PNC Bank has branches in Florida and Texas and offers online bank accounts to residents of states where there aren't any PNC branches.
PNC Bank might be a better option for savings and checking accounts. It offers the highest potential interest rates on savings accounts, especially if you live in an area without a branch. Its checking accounts also come with budgeting tools.
For CDs, it could be a toss-up between the two banks. Both institutions offer a variety of terms. If you're searching for which bank offers a higher CD rate, it may ultimately depend on the term you'd like to choose.
Comerica Review vs. Wells Fargo Review
Wells Fargo might be appealing if you'd like a bank with a substantial branch and ATM network. Wells Fargo has more than 5,000 branches and 13,000 free ATMs across the US.
If you'd like to open a CD, you may favor Comerica. Comerica has CD terms ranging from seven days to 10 years. Wells Fargo also requires at least
Comerica: Frequently Asked Questions
Is Comerica a real bank?
Comerica is an FDIC-insured financial institution, so if you open an individual bank account, up to $250,000 is secure.
Is Comerica a good bank?
Comerica may a good choice if you prefer a traditional brick-and-mortar banking experience. It offers a variety of bank accounts.
Like many brick-and-mortar banks, Comerica bank accounts have monthly service fees, out-of-network ATM fees, or overdraft fees unless you qualify to waive them. Online banks will likely be a stronger option if you'd like fee-free bank accounts.