Terms & Conditions


Commerce Referring Customers.


Commerce Bank customers (other than CommercePremier members) making a referral ("Referrer") will receive a $50 Visa® Reward Card for each eligible individual referred to Commerce Bank (“Referred Person”) who registers for the offer, opens a new personal checking account, personal loan or vehicle loan, and completes the other requirements within the time specified in the offer. Commerce Bank customers (other than CommercePremier members) may receive up to a maximum of $500 in Visa Reward Cards within a calendar year for participating in the Refer-a-Friend Program.


CommercePremier members making a referral ("Referrer") will receive a $250 Visa® Reward Card for each eligible individual referred to Commerce Bank (“Referred Person”) who registers for the offer, opens a new personal checking account, personal loan or vehicle loan, and completes the other requirements within the time specified in the offer. CommercePremier members may receive up to a maximum of $500 in Visa Reward Cards within a calendar year for participating in the Refer-a-Friend Program.


To make a referral, the Referrer must 1) register for the program with ReferLive; and 2) share the offer with their friends, family or co- workers by text, email or social media through the official means of the program.


Referred Persons:


To receive a Visa Reward Card, the Referred Person must 1) receive the referral through the official means of the program; 2) register with ReferLive by following the link provided in the referral text, email or on social media; 3) open a new Commerce Bank personal checking account, personal loan or vehicle loan within 180 days of receiving the referral; and 4) meet the additional requirements of one or more of the offers below.


Offers


Account Type

Additional Requirements (must be fulfilled by Referred Person)

Referred Person

 

 

Visa Reward Card

 

Offer 1:

$50

 

Complete the following requirements within 60 days of account opening:

 

 

•Have at least one (1) $300 or more direct deposit (such as recurring

 

 

payroll or government benefit deposit) post to the new account, AND

 

 

•Sign up for Online Banking AND

 

 

•Enroll in free paperless statements

 

Personal Checking Account

Offer 2:

$250

Complete the following requirements within 90 days of account

 

 

 

 

opening:

 

 

•Maintain an average balance of $100,000 in new money (funds not

 

 

currently or previously held at Commerce Bank) for 3 consecutive

 

 

months in their personal checking, savings, CD or money market

 

 

account(s). Balances must be maintained in personal accounts and not

 

 

business accounts.

 

 

 

 

Personal Loan

Minimum loan amount of $7,000

$50

 

 

 

Vehicle Loan (new and used

Minimum loan amount of $15,000

$100

automobile, motorcycle,

 

 

marine and recreational

 

 

vehicle loans)

 

 


Maximum Rewards. A Referrer can receive up to $500 in Visa Reward Cards per calendar year. The Referred Person can receive one reward per account type, up to $450, after fulfilling all offer requirements. The Referred Person may also become a Referrer and qualify for up to $500 in Visa Reward Cards per calendar year.


Eligibility and Exclusions. Must be at least 18 years of age to be eligible for reward. Only one Referrer may receive a Visa Reward Card for each Referred Person who fulfills the offer requirements. The first Referrer that enters information for a Referred Person will be the eligible Referrer. A Referrer can receive only one reward per individual referred. These offers are only available if the Referred Person does not have or did not have a personal checking account with Commerce Bank, and does not have or did not have a personal loan or vehicle loan balance with Commerce Bank during the previous 24 months. Loans are subject to credit approval. The Referred Person is not eligible for additional rewards in the case of multiple new checking accounts, personal loans or vehicle loans. Referred Persons that become joint account holders and co-borrowers are eligible for rewards, if they meet all other requirements, but beneficiaries and co-signers are not eligible. The Referred Person is eligible to become a Referrer and qualify for rewards. The Referrer and Referred Person cannot be the same person, joint account holder, or co-borrower on a loan. All account specific qualifications must be met in order to qualify for rewards. These offers cannot be combined with other offers. The program may be discontinued or changed at any time without notice.


Email Communication. The Referrer authorizes the sending of email communications to each Referred Person. The email may not be recovered if the person has unsubscribed from marketing emails from Commerce Bank or ReferLive. Each person who registers at ReferLive authorizes future communications including emails regarding the program unless they unsubscribe by making an election at ReferLive or within such email.


Visa Reward Card. The Reward Cards are subject to Terms and Conditions delivered with the card, including limitations on types of transactions for which they may be used. The Visa Reward Card can be used everywhere Visa debit cards are accepted within the U.S. only. Visa is a registered trademark of Visa, Inc. Visa is not a participant or sponsor of this promotion. The Referred Person acknowledges that a Reward Card will be issued to the Referrer after all conditions have been met in the time frames provided. The Reward Cards will be mailed to the addresses provided within the ReferLive registration system and are only valid for three (3) months after issuance.

Please allow 4-6 weeks after completion of all requirements for delivery of your Visa Reward Card to the physical address provided. Reward Card may be reported as interest income to the IRS. Minimum balance to open a Commerce Free Checking account is $25, annual percentage yield is 0.00%. Interest-bearing checking accounts also available. Fees could reduce earnings on the account.


Status of Incentive. By participating in the program, each party waives all rights of privacy and confidentiality relating to their status as a Commerce Bank customer, and releases Commerce Bank and its employees from all liability in this respect. The Referred Person and Referred Business authorize Commerce Bank to disclose their program status to the Referrer at CommerceBank.com/refer (i.e., what requirements have been met, if any).

Commerce Bank may terminate, suspend, or otherwise change the terms of the Refer-a-Friend Program at any time for any reason, with or without notice. In addition, Commerce Bank may refuse payment to a Referring Customer or Referred Person under the Program if it has a good faith belief that the individual has provide false, misleading, or deceptive information while participating in the Program or establishing corresponding accounts.


Commerce Bank. Member FDIC.