If you own a small business in the U.S., picking the right bank matters. A Comerica business account is one of the options many small businesses consider because of the bank’s long history and focus on local service.
Comerica has been supporting entrepreneurs for decades, but how well do these accounts work for today’s needs? This review will walk you through the main features, the costs, the benefits, and the issues you should know before opening an account.
Comerica Business Account Overview
Comerica Incorporated is one of the biggest financial services firms in the United States for more than a century. The company’s main headquarters is in Dallas, Texas, but it began its history in Detroit, Michigan, before moving its center of operations to Texas.
As of 2024, Comerica operates close to 500 branches across several key states. Most of its physical locations are in Texas, Michigan, California, Florida, and Arizona. In 2025, Comerica was recognized as one of the Best Banks for Small Business in the U.S., earning top marks in key areas like trust, relationship management, personalized advice, and long-term value. It was also named one of America’s Best Regional Banks by Newsweek, based on feedback from more than 70,000 customers.
Comerica understands that different businesses have different needs. That’s why they offer five distinct business checking account options, each designed to serve companies at different growth stages and activity levels:
- Basic Business Checking: Simple and affordable, ideal for new or low-transaction businesses.
- Small Business Checking: A great option for growing businesses that need more flexibility.
- Small Business Interest Checking: Designed for those who want to earn interest on their balance while managing daily operations.
- Comerica Maximize Checking: A high-performance account that rewards larger balances and helps reduce fees through earnings credits.
- Commercial Checking: Built for large businesses with higher transaction volumes and complex financial needs.
Whether you’re running a one-person business or leading a large operation, Comerica has an account designed to support your financial journey every step of the way.
Comerica Business Checking Accounts
Comerica offers five main business checking accounts, each one built to match different stages and sizes of businesses. Here’s a closer look at what each account offers and who it’s best suited for:
Basic Business Checking
If you’re just starting out or only have a few transactions each month, this account keeps things simple and affordable.
Key Features:
- No monthly maintenance fees, so you keep more of your money
- No Comerica business account minimum balance required, giving you more flexibility
- Make up to 75 free transactions per month
- Make a monthly cash deposit of up to $2,500 without incurring fees.
Best for: New businesses or small operations with low monthly activity
This account is ideal for sole proprietors, freelancers, or small startups that want essential banking features without worrying about extra charges.
Small Business Checking
This option gives you more freedom and higher limits than the Basic account, making it perfect for businesses handling more customer payments or vendor payouts.
Key Features:
- $50 minimum opening deposit
- Maintain an average monthly balance of $7,500 to waive the monthly maintenance fee
- 300 free transactions per month to support your expanding activity
- Deposit up to $5,000 in cash per month without extra fees
Best for: Businesses that are growing and need room to scale
This Comerica Bank business account strikes a balance between flexibility and affordability, great for businesses that are moving beyond the startup phase.
Small Business Interest Checking
If your business keeps a higher cash balance most of the time, this account lets you earn interest while still giving you access to all the tools you need to manage daily finances.
Key Features:
- Earn 0.01% APY on balances of $1 or more
- $50 minimum opening deposit
- To avoid the maintenance cost, keep your average monthly balance at $15,000
- Up to 300 free transactions per month
- Make a monthly cash deposit of up to $5,000 without incurring fees
Best for: Business owners who want to earn a little extra from their account balance
You’ll get the same features as regular checking, plus interest. It’s a smart choice for businesses that want their idle money to work a little harder.
Comerica Maximize Checking
This is a premium account built to support businesses that move a lot of money and want to cut down on bank fees while earning more from their deposits.
Key Features:
- Earnings Credit Allowance (ECA): Helps offset monthly fees based on your account balance
- Tiered interest rates let you earn more on higher balances
- Full cash management tools, including payment processing, invoicing, and cash flow tracking
- Built-in fraud protection and account security features
Best for: Established businesses with high balances and large transaction volumes
If your business handles large sums of money or has multiple revenue streams, this Comerica business account gives you advanced tools to manage everything efficiently while maximizing returns.
Commercial Checking
This account offers maximum flexibility and is designed for businesses with high volumes of transactions, payroll activity, and vendor payments.
Key Features:
- Unlimited transactions, with no monthly cap
- Advanced cash management services like wire transfers, ACH payments, and remote deposit
- Automated overdraft protection to safeguard your business
- Earnings Credit Allowance (ECA) to reduce or eliminate service charges
Best for: Large businesses or corporations with complex financial needs
This is Comerica’s top-tier business account. If your company handles hundreds (or thousands) of transactions monthly, this account gives you the horsepower to handle them all.
Which Comerica Business Checking Account Is Right for You?
Whether you’re just getting started or managing complex operations, there’s a
Comerica business account built to match your needs:
| Account Type | Best For | Monthly Maintenance Fee | Free Transactions | Interest Earnings | Notable Features |
|---|---|---|---|---|---|
| Basic Business Checking | Startups & low activity businesses | $0 (no minimum balance required) | 75/month | ❌ | No fees, no balance requirement, simple and cost-effective for new businesses |
| Small Business Checking | Growing businesses | Waived with $7,500 average balance | 300/month | ❌ | More transaction capacity, good for expanding companies |
| Small Business Interest Checking | Businesses with higher balances | Waived with $15,000 average balance | 300/month | ✅ (0.01% APY) | Earn interest on balances; great for holding idle cash while staying flexible |
| Comerica Maximize® Checking | Businesses with high balances & cash flow | Varies; offset by Earnings Credit Allowance | Varies (higher volume support) | ✅ (tiered interest) | Full cash management tools, ECA, fraud protection, advanced financial management |
| Commercial Checking | High-volume or corporate-level businesses | Varies; offset by Earnings Credit Allowance | Unlimited | ✅ (via ECA on balances) | Best for complex needs: payroll, vendor payments, ACH, remote deposit & more |
Comerica Business Savings and CDs
At Comerica, business banking goes beyond checking accounts. If your company has extra cash on hand, Comerica offers several ways to help it grow. From basic savings to CDs and money market accounts, there’s an option for every business strategy.
Small Business Savings Account
This savings account is designed for small businesses that want a safe place to store extra cash while earning interest.
Key Features:
- Earn interest on any balance over $1, currently at 0.01% APY
- Maintain a $500 average monthly balance to avoid monthly fees
- Get up to 6 free withdrawals per month, perfect for occasional access
- Access your money anytime through Comerica ATMs or online banking
Best for: Businesses that want to earn a little interest while keeping money easily accessible
If your business often keeps a cash cushion or is saving for upcoming expenses, this account helps you grow your savings while staying flexible.
Business Certificates of Deposit (CDs)
Comerica’s business CDs offer stable and predictable returns with fixed or flexible interest rates. These are ideal if your business has funds you don’t need right away.
Promotional Fixed-Rate CDs (as of August 1, 2025):
| Term | APY | Estimated Earnings on $50,000 |
|---|---|---|
| 60 days | 4.25% | $342.73 |
| 90 days | 4.15% | $501.78 |
| 120 days | 4.05% | $645.24 |
| 180 days | 3.75% | $909.86 |
| 270 days | 3.50% | $1,276.02 |
| 12 months | 3.00% | $1,500.00 |
To qualify:
- You must open the CD with at least $2,500 in new funds
- A Comerica business checking account is required
- Funds must be new to Comerica (not transferred from an existing account)
These CDs are great for short-term goals and provide higher interest than standard savings while helping you plan your cash flow.
Flexible-Rate CD
This CD offers flexibility with your deposits and even allows a one-time withdrawal. It’s a great solution for businesses that want a blend of savings growth and liquidity.
Key Features:
- Up to 0.10% APY, depending on the amount deposited
- Minimum opening deposit: $1,000
- Add money anytime in increments of $100 or more
- Make one penalty-free withdrawal, up to 50% of your principal, after 7 days
This type of CD works well for businesses with changing cash needs. You can grow your money while still having access in case of unexpected expenses.
Business Money Market Account
Basic savings is a step down from a money market account. You earn more interest with larger balances, and your funds remain accessible when needed.
Current Tiered Rates (as of 08/01/2025):
| Balance Range | APY |
|---|---|
| Less than $15,000 | 0.50% |
| $15,000–$499,999 | 3.25% |
| $500,000 and above | 1.00% |
To open this account:
- A minimum of $15,000 in fresh cash must be deposited
- Funds must not come from existing Comerica accounts
- A Comerica business checking account is required
This Comerica business account is a smart way to manage your cash reserve. You can earn strong returns on idle funds while keeping access in case of an opportunity or emergency.
Which Savings Option Is Right for You?
Choosing the right place to grow your business savings depends on your cash flow, financial goals, and how much access you need to your money:
| Product | Best For | Access to Funds | Interest Rate |
|---|---|---|---|
| Small Business Savings | Emergency funds or short-term savings | High (Online/ATM) | 0.01% APY |
| Promotional Fixed-Rate CD | Short-term savings with high returns | Low (locked-in term) | Up to 4.25% APY |
| Flexible-Rate CD | Businesses needing both growth and some liquidity | Medium (1 withdrawal) | Up to 0.10% APY |
| Money Market Account | Higher balances looking for flexible, competitive rates | High (Online/ATM) | 0.50% – 3.25% APY (tiered) |
Comerica Business Account Requirements
To open a business checking account with Comerica, you’ll need to meet a few basic requirements and provide key documents. These help the bank verify your identity and confirm your business is operating legally.
Here’s what you’ll need:
- In addition to having a current Social Security Number (SSN) or Tax ID (EIN), you must be at least eighteen years old.
- Business documents that prove your company is officially formed. This includes your EIN, business name, address, formation date, and ownership details (such as the name, address, and Social Security Number of each owner).
- Proof of legitimacy, like a business license, Articles of Incorporation, or a state registration form. The exact documents depend on your business type (LLC, partnership, sole proprietorship, etc.).
- An initial deposit of $50 is required to open the account. This applies to all Comerica business checking options.
- If you plan to open a CD or apply for a loan through Comerica later, you must first have a business checking account with them.
These requirements help Comerica keep your account secure and ensure they’re working with verified businesses.
How to Open a Comerica Business Account
Right now, Comerica requires you to visit a branch in person to open a business checking account. The bank does not yet offer full online account setup for business customers, though an online platform is in development.
Follow these steps to get started with a Comerica business account:
- Find a local Comerica branch and schedule a visit.
- Bring all required documents, including your personal ID, business formation paperwork, EIN or SSN, ownership details, business license, and the $50 opening deposit.
- During your visit, a Comerica representative will walk you through your options and help you choose the account that best fits your business needs.
- Once the paperwork is complete, you’ll receive your business debit card and access to online banking.
As a bonus, Comerica offers free Web Banking and Web Bill Pay for the first 12 months, helping you manage your account with ease from day one.
Comerica Business Account Fees
Comerica Bank business account fees vary depending on the type of account you choose and where your business is located. However, most accounts follow a standard fee structure that makes it easy to estimate your costs. Here’s a breakdown of the typical fees based on 2025 data from the Western U.S. region:
Minimum Opening Deposit: No matter which business checking account you choose, you’ll need to deposit at least $50 to get started.
Comerica Business Account Monthly Fees (as of 2025)
| Account Type | Monthly Fee | Free Transactions | Extra Fees |
|---|---|---|---|
| Basic Business Checking | $0 | 75/month | $0.55 per extra transaction$2.50 per $1,000 cash over limit |
| Small Business Checking | Waived with $7,500 daily balance | 300/month | Fees apply if balance or limits are exceeded |
| Small Business Interest Checking | Waived with $15,000 average balance | 300/month | Earns ~0.01–0.02% APY interestSame excess fees as Small Business Checking |
| Comerica Maximize® Checking | Based on account analysis; offset with ECA | Varies | Earnings Credit Allowance (ECA) helps reduce service chargesOther service fees may apply |
| Commercial Checking | Based on account activity; offset with ECA | Unlimited | Ideal for large companies; additional fees for wire, ACH, and cash management services |
Other Common Fees:
| Service | Fee |
|---|---|
| Overdraft/NSF Fee | Usually $25–$36 per item, higher for repeated overdrafts |
| Wire Transfers | Domestic incoming: ~$14Domestic outgoing: ~$24–$29International: $17–$65 |
| ATM Fees | Comerica ATM: FreeOther ATMs: ~$2.50 + third-party fees |
Comerica Business Account Digital Tools
Comerica makes it easy for business owners to stay in control of their finances, whether you’re in the office or on the go. Their digital tools are designed to simplify your day-to-day banking and give you more time to focus on growing your business.
- Comerica Web Banking: With Comerica Web Banking, you can manage your business accounts online anytime. Check your account balances, review recent transactions, and see where your money is going. You can also schedule bill payments, set up account alerts to stay informed, and manage multiple accounts from one place, perfect if you’re juggling business and personal finances.
- Comerica Mobile App: Need to bank on the move? The Comerica Mobile Banking app helps you stay connected. Use Click&Capture to deposit checks by taking a picture with your phone. You can send payments, transfer funds, and even connect your debit card to mobile wallets like Apple Pay or Google Pay for faster, touch-free purchases.
- Integration with Quicken and QuickBooks: If you use accounting software, Comerica has you covered. Their business accounts integrate smoothly with Quicken and QuickBooks, making bookkeeping simple. Sync your transactions, match them with invoices, track your expenses, and build budgets to monitor your cash flow. It’s a great way to keep your records organized without extra work.
The SmallBizCo‑Op Program Benefits
In early 2023, Comerica introduced a special program called SmallBizCo‑Op. This program was created to give small business owners extra support that goes beyond traditional banking services. It focuses on practical help and added value for companies that open a Comerica business checking account.
Through SmallBizCo‑Op, business owners can enjoy a variety of free benefits:
- Advertising opportunities: Comerica provides space and channels where small businesses can promote their products or services without extra cost.
- Discounts on office supplies: Members can save money when buying essential office products from selected partners.
- Shared workspace and meeting rooms: Businesses can book co‑working areas and conference rooms. This is especially helpful for owners who do not have their own office space.
- Market research tools: Comerica gives access to useful tools and reports that help small companies understand their market and make better decisions.
- Event tickets and networking: Participants may also receive free or discounted tickets to sports games or local events, which can be a great way to reward staff or build relationships with clients.
The main idea of this program is to help small businesses grow by providing more than just a place to hold money. All these benefits are included automatically for Comerica business checking customers. There are no extra fees or sign‑up costs. This is one of the features that makes Comerica stand out compared to banks that only focus on standard banking services.
Comerica Business Customer Service
Comerica provides strong customer support for business clients through several convenient channels:
- In-person support at local branches: You can build relationships with dedicated business bankers or Relationship Managers who understand your industry and can offer tailored advice.
- Toll-free phone support: Comerica’s National Customer Contact Center is available for general questions, help with your account, or assistance with business banking tools at the Comerica business account phone number 800-266-3742.
- Treasury Management support: If you have a Comerica Maximize or Commercial account, you’ll have access to specialized Treasury Management Officers at 800-852-3649 or in person at branches. They help you with advanced services like ACH payments, fraud prevention, cash flow tools, and more.
- Online and mobile banking help: Comerica offers tech support for its digital tools, including Web Banking, mobile check deposits, and security features. The bank also prioritizes cybersecurity to protect your data.
In 2025, Comerica was honored for its exceptional small business relationship management and trusted advisory services, based on feedback from over 70,000 customers.
Whether you’re just starting out or managing a large company, Comerica gives you access to real people who understand your business and are ready to help.
Pros and Cons of the Comerica Business Account
When looking at a Comerica business account, it helps to weigh the good points and the challenges. Below is a closer look at both sides so you can decide if it fits your company:
Pros:
- Variety of account types for different business sizes
- No monthly fees on entry-level accounts
- High promotional CD rates
- Excellent integration with accounting software
- Mobile banking and fraud protection
- Relationship-driven banking with award-winning support
Cons:
- Interest rates on checking and savings are low outside promos
- Some fees kick in with higher activity or lower balances
- Best CD and money market rates require large deposits
- Limited branch access outside of Comerica’s regional footprint
If you’re looking for a trusted banking partner with a solid mix of low-cost options, high-yield savings, and advanced tools, Comerica could be a strong choice. Their accounts are especially appealing to small businesses that want flexibility and access to personalized support.
For newer or smaller companies, Comerica’s Basic Business Checking provides a no-frills starting point. As your business grows, you can easily upgrade to accounts with more features without needing to change your account number.
Comerica Business Account FAQs
Does Comerica offer online business account opening?
- No, Comerica currently requires you to visit a local branch to open a business checking account. Online applications are not yet available, but a digital platform is reportedly in development.
Can I open a Comerica business account without an EIN?
- Yes, sole proprietors can open a Comerica business account using a Social Security Number (SSN), but most other business types will need an Employer Identification Number (EIN).
How long does it take to open a Comerica business account?
- If you bring all required documents, most Comerica Bank business accounts can be opened on the same day at a branch. Some accounts with advanced services may take longer for setup and approval.
Does Comerica offer business credit cards with its checking accounts?
- Comerica business credit cards are issued separately through Elan Financial Services. These can be linked to your business checking account, but are not included automatically.
Is Comerica business banking available nationwide?
- No, Comerica primarily serves Arizona, California, Florida, Michigan, and Texas. You must visit a Comerica branch within these regions to open and manage a business account.
In short, a Comerica business account can be a good choice for small and medium-sized companies that want clear options and personal service. It gives different account levels so you can start small and upgrade as your company grows. While fees and branch limits can be a concern, these accounts still offer good value for businesses in Comerica’s service areas. Take time to review your needs before opening an account to see if it is the right fit.
