Update 10/4/25: New code Oct25NewBonus
Update 7/30/25: Deal is back. Use promo code Jul25NewBonus. Offer ends September 23, 2025. Still contains targeted language. Hat tip to favo. There is also a Denver bonus for $1,000
Bonus page does have targeted language: “Offer and promo code are not transferable and are only valid for directly intended recipients of either a digital or mailed offer“. Bonus is being advertised on facebook though.
Offer at a glance
- Maximum bonus amount: $700
- Availability: Missouri, Kansas, Illinois, Oklahoma and Colorado
- Direct deposit required: Optional
- Additional requirements: Direct deposit or 10 debit purchases
- Hard/soft pull: Soft pull
- ChexSystems: Yes, sensitive
- Credit card funding: None
- Monthly fees: $20, avoidable
- Early account termination fee: None
- Household limit: One
- Expiration date: July 15, 2025
The Offer
Direct link to offer
- Commerce Bank is offering a $700 bonus when you open a new checking account. Must use promo code May25NewBonus. Tiers are as follows:
- $300 for making 10 debit card purchases, plus an account balance of $300
- $300 for direct deposits totaling $3,000 to $4,999.99
- $700 for direct deposits totaling $5,000 or more
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free checking has no monthly fees to worry about.
Early Account Termination Fee
According to this comment no early termination fee is charged.
Our Verdict
Much better than previous bonuses, think it’s worth doing given it is being advertised on facebook. Possible this gets shut down/stricter requirements though with the bonus being so big.
Hat tip to ShawntheShawn
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
