How to open new savings account with Commerce Bank

12/23/2017 Author: Payleaf Team

Need help setting up a savings account with Commerce Bank?  This is a step by step how-to article that explains how to set up a new savings account online with Commerce Bank.  This article assumes you already have a relationship with Commerce Bank, and you already have account(s) with Commerce Bank.

Commerce Bank logo


Go to and log into your account.  Enter your online customer ID, followed by your password.


On your personal banking online account screen, select the Open New Account option on the tab line at the top of the page.  Open New Account is the last option on the right hand side of the tabs.


Select the type of account you want to open.  Payleaf recommends the saving account option, which is called Saving/Money Market on the drop-down list.  Click Continue.


You will be redirected to a new window in your browser.  If this does not work, there should be a link provided by Commerce Bank that redirects you to the new window.

There will be several types of savings and money market account options from which you can select.

A basic savings account option with Commerce Bank is the myRewards Savings account.  This is the first option on the Savings Account list.

Click on the Open an Account option just below myRewards Savings in the upper left hand area of the chart.

A window with a thank you message will pop up.  Go ahead and click on Close in the lower right hand side of the popup window.


You will be directed to a new window that shows a list of 5 steps to follow to open your new savings account.

Click Continue.


Follow the prompts on the screen and complete the form.  The first form asks for basic contact information, such as name, address and phone number.  If you are sharing this account with another person, you will need their social security number.

Click Continue.


Follow the prompts on the screen and complete the form.  Select the account options, such as theft protection and card selection.

Click Continue.


Select the funding option you want.  You can either fund your account via check or money order within 30 days of opening the account, or you can transfer funds from an existing account.

Click Continue.


Agree to the terms and conditions of Commerce Bank.  You will not be able to continue unless you click on the Terms and Conditions links.  It is always a good idea to read through as you scroll to the bottom.

Click Continue.

STEP 10:

You will receive a congratulations, but there are still two more steps to complete.

STEP 11:

Print two things: the Signature Card and the W9 request for Taxpayer Identification.

Signature card:
Primary Applicant:
  • Provide your Social Security Number in the box titled “SOC SEC/TAX ID NO:” to the right of the “CUSTOMER(1)” field.
  • On line (1) of the “SIGN HERE” section, please sign and date.
Joint Applicant:
  • Provide your Social Security Number in the box titled “SOC SEC/TAX ID NO:” to the right of the “CUSTOMER(2)” field.
  • On line (2) of the “SIGN HERE” section, please sign and date.
W-9 (s):
One W-9 will be printed for each applicant. Each applicant should complete the following on his/her W-9:
  • Provide your Social Security Number in the “Part I Taxpayer Identification Number (TIN)” section.
  • In the “Part II Certification” section, acknowledge the certifications by signing and dating.
  • To access the complete W-9 General Instructions, you can visit:


STEP 12:

Mail the completed Signature Card and the W9 request for Tax Identification to the address below:

Commerce Bank

PO Box 1018

Columbia, MO 65205


Your Application to Open a New Savings Account is Complete.

What’s next?

  • Your account will be opened and interest (if applicable) will begin to accrue at the current rate on the day your funds are credited. If the completed and signed signature card and W-9(s) are not received, your request will be cancelled.
  • After Commerce Bank receives your check to fund your new account, you will receive a confirmation letter which will include your new account number. This account number can be used to order checks. Please visit


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