"Platinum Circle Checking" from Comerica Bank

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The Basics

Minimum Opening Deposit
 
 $50.00
A $50.00 deposit is required to open this account.

If a minimum of $50,000 in combined personal or business deposit accounts is not maintained, the account converts into a Rich Rewards Account.
Monthly Maintenance Fee $0.00
Annual Percentage Yield (APY)
 
 up to 0.03%
The account earns 0.05% for all balances over $1.00 and up to $100,000.00.

Debit Cards & Using ATMs

Debit Card $0.00/yr
ATM Fee Reimbursements
 
 Yes
This account includes rebates of ATM fees when you use non-affiliated ATMs within the U.S.
-
Each rebate is credited to your account the same business day of the transaction.
Non-affiliated ATM Usage Fee $0.00
International ATM Usage Fee
 
 $5.00/per use
There is a $5.00 fee each time you use a ATM in another country. In addition, there is a fee calculated as 3.00% of the total amount withdrawn.

Electronic & Telephone Banking

Online Banking Free
Email Alerts
 
 Included with Online Banking
This Email Alert feature enables you to receive:
- Confirmation that a scheduled bill payment has occurred.
Online Bill Pay Free
Mobile & Text Banking
 
 Free
This institution supports:
- A text message-based service that allows you to check your balance, search recent transaction history, and locate ATMs.
- A mobile application for the iPhone, Blackberry, and Android smartphones, which allows you to view account balances, view recent activity, transfer funds, pay bills, and locate ATMs.
Automated Phone Banking Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks
 
 Yes
Free Comerica checks.
Monthly Paper Statements Yes
Check Images with Statements
 
 Included
There is an $1.00 per item fee for each canceled check or image included with your monthly statements after the first 4 checks.
Online Statements Yes
Online Check Images
 
 Yes
Images of canceled checks can be viewed online for a year.

Overdrawing the Account

Negative Balance Fee
 
 Yes
A $6.00 charge each day for up to 5 days, beginning the 5th consecutive business day the account is in a negative balance.
Initial Returned Item Fee
 
 $25.00/per item
The Insufficient Funds Fee is $25.00 for the first overdraft, $33.00 from 2 to 4 overdrafts and $37.00 for subsequent overdrafts.
Overdraft Protection
 
 Available
This checking account has many options for Overdraft Protection.
From a linked savings, money market account, or credit card:
- Transfer fee is tiered, as listed below. The transfer fee is charged per day;
- Funds are transferred to bring the account balance to $0.00 for all forms of protection except credit card, which advances money to the account in $100 increments.
Fees for transfers or advances are as follows:
1st-4th day of transfer: $7
5th-7th day of transfer: $12
+7th day of transfer: $16 per day.

Savings and Money Market Accounts

Statement Savings
 
 Fee Waived
'Statement Savings' requires $50.00 to open and $1.00 to earn interest.
Current APY Information:
- 0.01% at minimum balance to earn interest;
- 0.01% at minimum balance to avoid fees;
- 0.01% at $25,000.00
The account has a monthly service fee of $5.00. This fee can be waived if you:
- Maintain a minimum balance of $300.00;
- Qualify as a minor (must be under18 years old);
- Are over 62 years of with a direct deposit of Social Security, pension, or other recurring payments to this account;,br>- You have a Comerica checking account.
Money Market Investment
 
 Fee Waived
'Money Market Investment' requires $50.00 to open and $1.00 to earn interest.
Current APY Information:
- 0.05% at minimum balance to earn interest;
- 0.05% at minimum balance to avoid fees;
- 0.05% at $25,000.00
The account has a monthly service fee of $12.00. This fee can be waived if you:
- Maintain a minimum balance of $2,500.00;
- Maintain a average balance of $5,000.00;
- Have a Platinum Circle Checking or Premier Checking account .

We suggest you also consider:

From Redwood Credit Union's website: "Redwood Credit Union (RCU) is a full service financial institution, assisting consumers and small business owners with achieving their financial goals and dreams since 1950." Redwood Credit Union has 15 locations, offering checking, savings and investment, loan, and insurance services to its community.
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer and commercial finance through more than 9,000 stores and more than 12,000 ATMs and the Internet across North America and internationally.

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