Access Checking may be a basic checking account, but the fee structure is high and a bit complicated. For an account that doesnâ€™t have extensive features or pay interest, the monthly maintenance fee is astoundingly high.
Access Checking includes standard features such as ATM access, free online access and bill pay, and it even throws in additional perks such as a rate discount on a home equity line and a free savings account. However, if you agree to both eStatements and the suppression of paper statements, you only get a $2 discount on the high monthly fee. With many other banks, eStatements are enough to waive the fee altogether.
To drop the Access Checking fee to $0, you must meet one of the following qualifications: keep a minimum daily balance of $1,000.00; have a direct deposit; be a full-time college student; be a business owner with a Comerica business checking account; be a member of the U.S. military; or be a Comerica Platinum Circle Checking household.
This account also has a high overdraft fee that increases with the number of occurrences.