And, you can enjoy the convenience of transparent, detailed reporting and the ease of receiving periodic statements from your bank.ĭeposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. With your funds placed in amounts below $250,000, you can rest assured that both principal and interest are eligible for FDIC insurance.īy working directly with just one network bank of your choosing, you can access FDIC coverage from many. You can choose to have funds placed in demand deposit accounts (using the demand option), money market deposit accounts (using the savings option), or CDs. When you submit funds for placement through your bank using ICS or CDARS, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at other network banks. By using services from IntraFi you can access multi-million-dollar FDIC protection through a single bank relationship.įinancial institutions that offer IntraFi's services are members of IntraFi's network. See the 'Special Rules for Sweep Arrangements' section in the Business and Personal Deposit Account Contract.When you have deposits at a single bank in a single ownership capacity, then you have access up to $250,000 in FDIC insurance at that bank. as agent for Comerica Bank.ĭeposits held in the checking account portion will be FDIC insured to the extent permitted by law, only until they are used to invest in money market mutual funds or other securities. The securities offered as a sweep option on the Corporate Sweep Account may be sold by Comerica Securities, Inc. The checking account portion of the Corporate Sweep Account is offered by Comerica Bank. Registrations do not imply a certain level of skill or training. is a federally Registered Investment Advisor.

is a broker/dealer, member FINRA/SIPC and subsidiary of Comerica Bank. Information presented is for general information only and is subject to change. Past performance is not indicative of future results. are not insured by the FDIC are not deposits or other obligations of, or guaranteed by, Comerica Bank or any of its affiliates and are subject to investment risks, including possible loss of the principal invested. Minimum Opening Deposit $50.00.ĥ Securities and other non-deposit investment products offered through Comerica Securities, Inc. † Comerica business checking fee information: Activity fees will apply to certain transactions (debits, deposited items and credits), a Cash Deposited Fee will apply to cash deposited, and a monthly account maintenance fee will be applied. See your banking center for further details. Services may be billed on a consolidated basis and, if requested, presented to you on an Account analysis statement.įees will be charged between the fifth and tenth Business Days of the following month.Ĥ Automatic Overdraft Protection is offered on Commercial Checking Accounts. Unless we agree otherwise in writing, earnings credit can only be used for fees incurred during the month covered by analysis. Earnings credit is not available for withdrawal. Current rate information is available from your nearest banking center or by calling the telephone number on the front of your Account statement. The earnings credit rate and the basis for the rate are subject to change from time to time without prior notice to you.

The earnings credit allowance may not be used to offset certain fees, such as Paid Overdrafts, NSF Returned Items, Overdraft Interest and fees associated with Sweep accounts. If sufficient balances are maintained in your Account, the costs of the banking services you use may be covered. The earnings credit allowance is subtracted from your total analyzed activity fees (charges associated with your Accounts and services) resulting in your Service Charge. Current rate information is available from your nearest banking center or by calling the Customer Contact Center number.ģ Commercial Checking Accounts may receive an earnings credit allowance which is based on the balances maintained in your Account, less ten percent. Data provided by S&P Global Market Intelligence.ġ Refer to the Business Account Service Charges and Interest Information brochure for more information.Ģ The earnings credit rate and the basis for the rate are subject to change from time to time without prior notice to you. financial holding companies with greater than $60B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of March 31, 2023. *Comerica ranks first nationally among U.S.

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