BBVA


Overview / Commentary
205-297-1986
15 20th Street South
Birmingham, AL 35233

BBVA is a large, Alabama-based bank that offers retail, small business, commercial, and wealth management banking products and services. The bank’s more than 10,000 employees serve its customers through branches located in states from the East to West coasts.

On its personal retail banking side, BBVA offers checking, savings, money market, CD, and IRA accounts, as well as credit cards, mortgages, and auto loans on the personal lending side. Small business banking solutions include checking, savings, credit cards, and merchant services. DepositAccounts.com has featured BBVA in the past for different checking account promotions, as well as competitive money market and CD rates.

BBVA online banking is free and provides a web-based banking platform on which customers can manage their accounts. Tasks like tracking of spending, bill pay, account balance viewing, and funds transfer, can all be accomplished through the online system. Mobile banking is also available, as the bank has optimized its site to make it easy to use from mobile and tablet devices. Mobile apps make it even more convenient to access and perform banking tasks while on the go, including remote check deposit. Account holders can also use ATM banking for more simple, round-the-clock banking.

The U.S bank BBVA is a subsidiary of the Spanish bank holding company, Banco Bilbao Vizcaya Argentaria, S.A. (the BBVA Group). The U.S. bank BBVA was established in 1964 as the Central Bank and Trust Company. The name changed to Compass Bank in 1993. The brand name BBVA Compass took effect after the BBVA Group acquired Compass Bancshares in 2007. In 2019, the bank’s official name was changed to BBVA USA.

Related Posts

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2/13/16 - BBVA Compass Has Online And In-Branch Competitive 13-Month CD
2/12/16 - 13 Month CD 1.35%
1/28/16 - 13 Month CD Rate At Branch
8/12/15 - Equity Indexed Market Link CD
8/10/15 - BBVA Compass Offers Competitive 19-Month CD
8/15/14 - Money Market Promotion Guaranteeing 1% through 2015 at BBVA Compass in Certain States
8/8/14 - $150 Checking and Savings Promotion at BBVA Compass in Certain States
7/17/14 - Special 18-Month CD Rate at BBVA Compass
6/12/14 - BBVA Compass 1% Savings Account and Checking Bonuses
3/24/14 - Competitive CD Rate Specials at BBVA Compass
1/9/14 - Kindle Fire HD Checking Account Bonus at BBVA Compass
9/16/13 - Competitive 5-Year CD Rate at BBVA Compass in Several States
8/12/13 - Free Samsung Galaxy Tab 3 Checking Account Bonus at BBVA Compass
8/12/13 - History of BBVA Compass Bonus Payouts
6/10/13 - Build My Savings - Bonus Match
1/27/13 - Preferred Client Program
1/17/13 - Free Kindle Fire HD Checking Account Bonus at BBVA Compass
11/5/12 - Higher CD Rates with Checking at BBVA Compass in Several States
6/10/12 - BBVA Compass Business Money Market Account Special
6/4/12 - Competitive CD Rates at BBVA Compass in Several States
5/7/12 - New $100 Checking Account Bonus at BBVA Compass But Beware of Fees
2/7/12 - Competitive 5-Year CD Rate at BBVA Compass in Several States
9/5/11 - BBVA Compass Increases Fees and Cuts Features on its Checking Accounts
1/11/11 - New Monthly Service Charge For BBVA Compass Build-To-Order Checking Account
1/6/11 - BBVA Compass Adds Monthly Fees to Build-to-Order Checking
8/25/10 - Reminder: $150 Checking Account Bonus At BBVA Compass
8/3/10 - $150 Checking Account Bonus at BBVA Compass in AL, AZ, CA, CO, FL, NM & TX Only
7/20/10 - Business Checking & Savings Account $1,700 Bonus At BBVA Compass
5/8/10 - Build My Savings Account at BBVA Compass - Hot Deal or Marketing Gimmick?
1/8/10 - $150 Checking Account Bonus at BBVA Compass (available in AL, AZ, CO, FL, NM & TX)
1/7/10 - Compass Bank Is Offering $150 To Open A New Account
11/12/09 - BBVA Compass Checking Account Promotion - Free iPod touch (available in AL, AZ, CO, FL, NM & TX)
3/15/09 - Review of Equity-Index CDs at Compass - Other Options?
1/15/09 - $150 Checking Account Bonus at Compass Bank (available in AL, AZ, CO, FL, NM & TX)
3/26/08 - 4.00% Money Market Account Promotion at Compass Bank in Texas
2/4/08 - $50 Cash Bonus for Compass Bank Checking Account in Texas and Alabama
11/28/07 - $50 Gift Card Bonus for Compass Bank's Build-to-Order Checking Account
9/11/05 - Checking Account Deals

I Still Bank Here. I'm Not Rich, And I Really Enjoy It-Even When There Have Been Growing Pains

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I felt compelled to stand up for my bank after stumbling across such negative people on here...So I asked my FRIENDLY local branch to educate me as if I were a new client-they know me there by first name and humored me for the request. (I was actually deciding where to consolidate all of my bank accounts). He did so and here's the answers & fliers I left with:

*65+ y/o Senior Checking reintroduced due to client's voicing their concerns. Free checks and paper statement with your social security direct deposit.

*Everyday Hero-FREE checking for active & retired military, doctors, nurses, EMT, medical professionals/techs, all lines of sworn police & firefighters, teachers.

Qualifiers to get a FREE CHECKING ACCOUNT:

*Direct deposit 1x a month that is $300+ and e-statements from my online banking. This is much nicer than my Chase account I closed out that wanted $500+ 1x a month. My weekly part time checks aren't that much.

*Student accounts for those under 25 are free--pretty cool but doesn't apply to me.

*1500 average daily balance in the checking.-someday I won't laught at that idea :)

 

Their savings rates were really good as well. Not much now-a-days but every little bit helps. They honestly paid more than my savings credit union and local major and minor banks. We pulled up 6-8 bank rates at his computer and none we found were better. That fits my needs just fine so I decided I'd stay there.

 

 

I pride myself on keeping current and here's my response to all the Debby Downers:

1. Free checking accounts didn't really make it mainstream until the 1990's when major players like Wachovia introduced and forced others to offer this as well and interest rates on a CDs were high enough to live off of. Times change, move on.

2. A bank's policies change with tighter Gov't regulation (ex. Durbin Amendment). Everyone wants their cake and eat it too. Regulate to prevent another economic decline yet many individual people are not ready to deal with personal ramifications of this. People get regulation and low yields. They want their 401k/retirement plans to grow magically but don't realise where the money comes from. If you want explosive growth & returns use the stock market-or Vegas :)

3. With BBVA Compass, previously Guaranty, I find it hard to imagine that the customer service in all the branches has changed that drastically. Perhaps the employees ARE doing as much for you as they can or know how. The bank name changed, not the people. Don't shoot the messengers if you have to dial a toll-free 1-800 number...They could easily make YOU pay for the phone call instead. lol!

4. Don't get me started on people who B. about overdraft fees. Don't spend money you don't have, idiots. Take any fee with humility and learn to manage your finances better. Yes, YOU violated the terms of the account, so you pay a fee. It's disclosed when you open an account ANYWHERE! Overdraft fees weren't invented last night nor headline news on CNN in the morning when you woke up. I find that the couple instances in my life I have overdrafted, I politely asked if someone was able to fix it and ya know what? They did. I doubt they would be so nice if I had come in yelling and screaming-I certainly wouldn't have.

5. Most banks and credit unions now have qualifiers for their accounts it seems. My friend banks at a credit union that charges $1 a month for a debit card.

6. Former Guaranty Bank failed. They didn't receive a bailout. I feel happy that someone took them over and they didn't go running to the gov't for TARP bailouts. A poorly run business suffered the just consequences. Ex. You won't learn why you shouldn't touch the hot stove until you feel it's burn.

 

This is turning into a rant. I hope it helps at least 1 person out there. Give BBVA a try, I think you'll like them. I certainly still do.

Reward Checking Account Not Worth The Hassle

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I signed up for a checking account with BBVA after being provoked by their free Kindle Fire offer. 3 reasons why I will not be this naive again: BBVA is holding my money hostage with a fee-loaded gun ($4 per month if under $1500 in the account and $25 fee for closing the account inside of 6 months), you can't close the account over the phone, and branches are a sales trap. I did receive the Kindle Fire, but boy they are making me pay for it. The account pays no interest, so I am basically paying them for the Kindle by giving them free money. Their online banking platform is a bit arduous to navigate, as the layout and terminology can be confusing at times, and pages take longer to load. Customer Service Reps were helpful, so all in all I had a good experience.

Issues, Issues, Issues

Posted by: |

Four months ago, my daughter deposited a check from a company she did some work for. Today, FOUR months later, she's out of town and her debit card won't work. Finally get a customer service rep who tells her that they think the check deposited FOUR months ago was fake. Not only did they take the money back out of her account, they closed the account and didn't notify her. They took every penny in her account without notice!!! How is it her fault the company was fraudulent or not?!!! There had to be a better way to handle this situation! Bunch of thieves!!!

Money Market Accounts

Posted by: |

This bank to me looks like a fraud. MAybe I should have read more details about this bank before putting money in the Money market account. I want to withdraw the money because I realized the interest rate has been reduced tio 0.1% as of today. When I want to withdraw, there is a limit of maximum $8000 per day and a maximum of $20000 per month. Each withdrawal is $3. You have to pay to withdraw your own money and the money is locked for many many months at a very uncompetitive rate. Keep away from this bank if you want to use their money market accounts. It is a trap.

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. BBVA has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #19048
Year Established1964
Employees9641
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-5.04%
Return on Equity - YTD-43.7%
Annual Interest Income$1.51B
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$100.9B$91.00B
LoansQ2 2020vs Q2 2019$66.73B$62.42B
DepositsQ2 2020vs Q2 2019$85.74B$73.07B
Equity CapitalQ2 2020vs Q2 2019$10.27B$12.76B
Loan Loss AllowanceQ2 2020vs Q2 2019$1.75B$977.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$810.3MM$771.2MM
Real Estate OwnedQ2 2020vs Q2 2019$14.9MM$15.3MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not BBVA; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

BBVA Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Build My Savings
0.05%--BBVA Online Savings
0.05%--BBVA Savings

BBVA Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.21%*$1m*-BBVA Money Market Account - New Money Market Customer
OTHER TIERS: 0.05% Up to $10k | 0.13% $10k - $1m
0.20%*$1m*-BBVA Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $1m

BBVA Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Premium Checking - Existing Customers
0.05%*$75k*-BBVA Premium Checking for Business
OTHER TIERS: 0.01% Up to $75k
0.05%--BBVA Premium Checking - Limited Availability
0.00%--BBVA Free Checking Account
0.00%--BBVA Online Checking

BBVA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500$250k36 Month CD - Online
0.15%$500$250k12 Month CD - Online
0.15%$500$250k18 Month CD - Online
0.10%$500-11 Month CD - Online

BBVA IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$500-36 Month IRA - Online
0.15%$500-18 Month IRA - Online
0.15%$500-12 Month IRA - Online
0.10%$500-11 Month IRA - Online
Locations

Availability



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