Intro – Comerica Bank Reviews & Ranking
Comerica Bank was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s groundbreaking, four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our Comerica Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The Comerica Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of Comerica Bank.
Comerica Bank Review
If you ask the team at Comerica Bank how they have achieved an impressive 165 years of service, they would say it’s by putting their customers first.
Over the years, they have proudly aligned three strategically crafted industry sectors: the business bank, the retail bank, and wealth management services.
Of course, they still offer personal banking options in the way of checking, savings, lending, investing, and more.
With a myriad of expert strategies (which we’ll discover together below), Comerica Bank has assets totaling $73 billion as of December 31, 2016.
Key Factors Leading Us to Rank Comerica Bank as One of the Best Banking Companies in 2018
Upon completing our Comerica Bank review, Comerica Bank was included in AdvisoryHQ’s ranking of this year’s top banking firms based on the following factors.
Comerica Bank Reviews | Personal & Business Checking
Comerica Bank wants you to get the service you deserve and the account you need; they also understand that those needs are not the same for everyone.
As one of the best banking companies, Comerica offers a few different personal and business checking accounts to give you exactly what you want. They include:
- Access Checking: Simple account with free savings account attached.
- Rich Rewards Checking: An interest-earning option with a free savings account attached.
- Premier Checking: Earn interest and be eligible for a Statement Savings or Money Market Investment Account.
- Comerica Platinum Circle Checking: An interest-bearing account with preferred rates, Comerica Check Card, and higher withdrawal limits.
- Basic Business Checking: A basic business account full of great features.
- Small Business Checking: A perfect option for your small business.
- Commercial Checking: An account for high activity and extra financial demands.
Comerica Bank Reviews
Comerica Bank Reviews | The Loan Experts
Lending solutions are one area of service that Comerica Bank focuses on. They offer flexible terms and rate options that leave you feeling in control of your future.
Whether you need a business or personal loan, our Comerica Bank review found plenty of varied options, including:
- Fixed-rate mortgages
- Adjustable-rate mortgages
- Jumbo/Superjumbo loans
- FHA loans
- Auto, boat, and RV loans
- Personal loans
- Student loans
- Small business lending
- Corporate lending
- Equipment lending
- Commercial real estate lending
Comerica Bank Review | Additional Personal Banking Services
Beyond traditional banking services, Comerica Bank offers many more services to help you live the best life possible. These services include:
- Brokerage services
- Investment management
- Asset management accounts
- IRAs
- Educational savings and 529 savings accounts
- Life insurance
- Long-term care insurance
- Home and auto insurance
- Wealth management
Comerica Bank Review | Take Your Business to the Next Level
As a business owner, you understand the importance of appropriately managing all sides of your company; however, this can be a difficult task if your bank only offers limited services. Comerica Bank is different.
They offer a seemingly endless list of options to keep most of your business under one roof with multiple business tools and strategies, including:
- Business credit and debit cards
- Middle market banking
- Treasury management services
- Fraud protection
- International services
- Import and export finance
- Foreign exchange services
- Corporate financial services
- Trust and custody services
- Institutional investments
- Insurance and retirement plans
- Capital raising services
- Corporate investment banking services
- Specialized industry services
- Captive insurance
- Correspondence banking
- Wealth management
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Rating Summary
As one of the top banking firms, Comerica Bank provides customers with a variety of financial services, including insurance, investments, and business money management. For corporations or investors, Comerica Bank could certainly be a great fit.
For individual customers that simply want checking and savings products, however, Comerica Bank falls somewhat short in terms of flexibility and affordability.
For example, their checking accounts have monthly maintenance fees ranging between $13-$22; the only way to waive these fees is to maintain a daily balance between $1,000-$7,500. Compared to other top banking firms, checking and savings accounts are significantly less flexible, earning the firm a 3-star rating overall.
Still, with solid investment, insurance, and wealth management services, Comerica Bank is a great option for customers that want a more integrated approach to financial health, maintaining Comerica as one of the best banking companies this year.
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In addition to reviewing the above Comerica Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top-rated banking firms:
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- https://www.comerica.com/personal-finance.html
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