Wealth banking during the
COVID-19 pandemic

Wealth banking during the
COVID-19 pandemic

PERSONAL | BUSINESS | WEALTH

Information for Wealth Management Clients

 

Connect with Comerica Wealth Management 

If you have questions or concerns, please contact your Comerica Wealth Advisor, comerica.com/wealthoffice, or click here for your Connect with Comerica Guide to accessing your accounts, transacting and communicating with Comerica Wealth Management.

Download Article: "The Coronavirus Aid, Relief, and Economic Security (CARES) Act: Relief and Stimulus Measures for Individuals": The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. The Act is the third piece of legislation the United States Congress enacted in response to the coronavirus pandemic. The CARES Act follows the (a) Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, which provides $8.3 billion in emergency funding for federal agencies on the front lines responding to the coronavirus outbreak, and (b) the Families First Coronavirus Response Act, which provides paid sick leave and free coronavirus testing, expands food assistance and unemployment benefits, and requires employers to provide additional protections for healthcare workers.

Download Article: "The Coronavirus Aid, Relief, and Economic Security (CARES) Act - Part II: Relief and Stimulus Measures for Small Businesses": This article is the second in our series discussing this momentous and unprecedented piece of legislation and its impact on our customers and partners. In this article, we will address the CARES Act’s impact on businesses and business owners. 

 

Changes to banking center hours & availability

While we recognize that our banking centers operate as vital resources in the communities we serve, we’ve temporarily adjusted our operating standards for the protection of our customers and employees. 

  • Effective Thursday, April 9th the Arizona, California, Florida and Texas banking center lobbies have temporarily closed; ATM and drive thru services (where applicable) will continue to be available with no change in hours
    • Appointments can be requested for transactions or services that can’t be done via ATM, drive thru or Banker ConnectSM interactive teller machines. Lobby access will be limited to 3 customers at a time to adhere to CDC social distancing rules
    • Safe deposit box access will be by appointment
    • Night depository services will continue to be available
  • Effective Monday, July 20th the Michigan banking centers will reopen with lobby access limited to 3 customers at a time to adhere to CDC social distancing rules
    • To avoid a wait, appointments can be requested for services or safe deposit access
    • Night depository services will continue to be available

Please visit comerica.com/local to find the closest banking center, ATM or Banker ConnectSM interactive teller machine.

 

Temporary Shortage of U.S. Coins in Circulation

In mid-June 2020, the Federal Reserve announced that shutdowns caused by COVID-19 have caused a temporary nationwide shortage of U.S. coins in circulation, including those available to banks and businesses. During the time in which businesses were closed, consumers had few opportunities to use coin when making purchases, resulting in this supply shortage. Please visit our U.S. coin shortage page for more information.