BBVA Compass

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.15%	Money Market	1.90% - American Express National Bank High Yield Savings Account
1.85%	1-year CD	2.50% - Synchrony Bank 12 Month CD
0.05%	Savings	1.90% - American Express National Bank High Yield Savings Account

View all BBVA Compass rates »

Overview / Commentary

www.bbvacompass.com

205-297-1986

15 20th Street South
Birmingham, AL 35233

BBVA Compass 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. The BBVA Compass name was formed when a bank holding company out of Spain, BBVA, acquired Compass Bancshares in 2007.

On its personal retail banking side, BBVA Compass offers checking, savings, Money Market, CD, and IRA accounts, as well as credit cards, mortgages, and auto loans on the personal lending side. Checking account options include an interest-bearing account, a second chance account, a basic account, and an NBA account. All but the NBA account come with a monthly service charge, and for the second chance account that charge cannot be waived. BBVA Compass’ basic savings account earns minimal interest and has a quarterly service charge unless a minimum daily balance requirement is met. The bank also features a customized savings account that will match transfers made into the account up to a certain percentage. Money Market accounts can be linked to a checking account to prevent overdrafts, and tiered interest rates provide incentives for account holders to increase their balances. Certificates of Deposit (CDs) are available in term lengths ranging from 7 days to 15 years and come with minimum initial deposit requirements. DepositAccounts.com has featured BBVA Compass in the past for different checking account bonuses, as well as competitive CD rates. Small business banking solutions include cash management and employee benefits services, in addition to specialty programs for attorney and health care organizations.

BBVA Compass online banking is free and provides a web-based banking platform on which customers can manage their accounts. Tasks like Quicken financial application integration, 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 in easy to access and perform banking tasks while on the go, including remote deposit. Account holders can also use text and ATM banking for more simple, round-the-clock banking.

BBVA Compass is a subsidiary of BBVA Compass Bancshares, a bank holding company operating in the United States under the ownership of a foreign banking organization called Banco Bilbao Vizcaya Argentaria, which is headquartered in Spain. Compass Bank was established in 1964 as the Central Bank of Birmingham before changing its name in 1993. After it was acquired by BBVA, it merged the two names to create its current title. BBVA Compass Bank is headquartered in Birmingham, Alabama and serves its customers through numerous branches located throughout the United States.

Reviews (57)

Featured Account Options

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

Posted by: 1xlogin | Jun 23, 2012

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.

Comment

16

Reward Checking Account Not Worth The Hassle

Posted by: Rupp | Mar 4, 2014

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.

Comment

10

Sudden Drop In Interest Rate

Posted by: Margaret Talbot | Jun 5, 2016

A tad disappointed. Opened Money Market in September 2015 when the rate was advertised at 1.20 per cent. When checking this a/c on line I noticed I was getting a rate of 1.09. Upon calling the rep I opened the a/c with she said this rate would last for a year (citing it was actually a better deal than the 1.20.)
This month, after being nine months into the 12 month period mentioned, the rate has dropped to ,20.
Fool me once -- fool me twice.
Website is also quirky and a bit awkward to navigate.

11

Poor Customer Service After Account Opening

Posted by: MT1000 | Oct 17, 2018

I opened an account over the phone and they said it was a no fee account. However, they set me up for paper statements which has a $3 fee. Once I saw the fee hit my account, I immediatly turned that off and requested a refund via their website secure messaging. They refused.

I know fees are big revenue for banks, but for $3 they could have delivered a great first impression. Instead, I already think they don't value me as a customer. My plan was to shift all my Bank of America accounts and deposits over to them. Now I will just leave it alone because I'm too worried about how they'll treat me if something really bad happens. What if someone steals my debit card and withdrawals $$$. Will they side against me then also? No Thanks. Enjoy your $3. I'll keep my money away from you for now.

Comment

1

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Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	19048
Year Established	1964
Employees	10038
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.87%
Return on Equity - YTD	6.25%
Annual Interest Income	$1.54B

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$87.74B$83.95B
Loans	Q2 2018vs Q2 2017	$62.48B$59.14B
Deposits	Q2 2018vs Q2 2017	$70.51B$66.22B
Equity Capital	Q2 2018vs Q2 2017	$12.22B$12.08B
Loan Loss Allowance	Q2 2018vs Q2 2017	$860.0MM$817.0MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$677.9MM$791.4MM
Real Estate Owned	Q2 2018vs Q2 2017	$16.5MM$21.9MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not BBVA Compass; 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 Compass Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^†	-	-	Build My Savings
0.05%^†	-	-	ClearConnect Savings
0.05%^†	-	-	BBVA Compass ClearChoice Savings

BBVA Compass Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.80%^†	-	-	ClearChoice Money Market - New Customers, Online
0.15%^*^†	$1m^*	-	ClearChoice Money Market Account
OTHER TIERS: 0.05% → Up to $100k \| 0.10% → $100k - $1m

BBVA Compass Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*^†	-	$25k	ClearChoice Interest Checking - New Customers
OTHER TIERS: 0.01% → $25k+
0.15%^*^†	-	$25k	ClearChoice Interest Checking - Existing Customers
OTHER TIERS: 0.01% → $25k+
0.05%^*^†	$75k^*	-	ClearChoice Premium Checking for Business
OTHER TIERS: 0.01% → Up to $75k

BBVA Compass CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%^†	$500	$250k	36 Month CD - Online
2.10%^†	$500	$250k	18 Month CD - Online
1.95%^†	$500	$250k	15 Month CD - Online
1.85%^†	$500	$250k	12 Month CD - Online

BBVA Compass IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.25%^†	$500	-	36 Month IRA - Online
2.10%^†	$500	-	18 Month IRA - Online
1.95%^†	$500	$250k	15 Month IRA - Online
1.85%^†	$500	-	12 Month IRA - Online

Locations

Availability

Birmingham Area

Birmingham Area bank & credit union details

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