Comerica Bank Launches New Business Banking Package

Comerica Bank has unveiled a new package of solutions for small business and business banking customers.

This new Comerica Maximize package offers a combination of an interest-bearing checking account and cash management solutions, allowing customers to earn interest income while protecting and growing their businesses with treasury services, the company said in a Thursday (Aug. 17) press release.

“Comerica Maximize is the latest solution in our growing suite of value-add offerings that are intended to help enable small business and business banking customers to save time and best maximize their cash,” Comerica Bank Chief Experience Officer Jim Weber said in the release.

Weber noted in the release that over the past year, Comerica Bank has introduced several programs for small business customers, such as Comerica SmallBizCo-op, Comerica CoWorkSpaces and SizeUp by Comerica, all aimed at supporting and aiding in the growth of their businesses.

Comerica Maximize is designed to save customers time and help them optimize their money, according to the release.

Customers can deposit more and earn more, the release said. With a Comerica Maximize checking account, customers receive an Earnings Credit Allowance (ECA) to offset monthly fees. After fees are paid, they can earn a tier-based interest rate on any remaining balance.

The Comerica Maximize cash management package unlocks treasury management solutions, per the release. This package helps customers optimize their liquidity through Comerica’s treasury management solutions that allow them to access information reporting, deposit checks remotely, protect against fraud, and manage customer payments, receivables, loans and more.

“Customers can offset fees and earn competitive returns on excess balances and gain access to Comerica’s comprehensive treasury management, with the bundle designed to help them operate more securely and efficiently,” Allysun Fleming, executive vice president of payments at Comerica Bank, said in the release.

Comerica Bank has also been using technology to help small- to medium-sized businesses (SMBs) apply for credit, Chris Hendrickson, senior vice president of small business strategy at Comerica, told PYMNTS in an interview posted Aug. 2. He noted that “speed and access to capital will remain very important for small businesses.”

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