BBVA Compass was established in 1964 with their headquarters currently located in Birmingham, Alabama. As a result of their success, they’ve allocated 650 location; all in the states of Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.
The bank offers great rates and is packed with bank promotions, bonuses and offers. These bonuses can be for either or both checking and savings accounts. If you’re interested keep reading below to learn more about these offers and promotion!
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BBVA Compass Checking Account Offers
They currently offer two great options for checking accounts with no monthly fees.
BBVA Compass ClearConnect Checking
This is the online-only checking account that is currently offered by BBVA. This type of checking account grants you more access to ATMs than with their traditional Checking account options. If you want to avoid a $3 monthly fee, opt out of paper statements.
- Open with $25
- No monthly Service Charge
- No ATM withdrawal fees at 55,000 Allpoint® and BBVA Compass ATMs worldwide
- Complimentary Online Banking and Mobile Banking, plus Mobile Deposit® and Bill Pay
- One free BBVA Compass Visa Debit Card per account holder:
- Personalize with your favorite photo
- Easily keep track of your purchases and get instant transaction alerts on the go with BBVA Wallet
- Earn cash back rewards for everyday debit card purchases with Simple Cash Back
Learn more and apply for an account here.
BBVA Compass ClearChoice Free Checking
This free Checking account is available only to residents of states that have physical BBVA Compass branches – AL, AZ, CA, CO, FL, NM, and TX.
- Open with $25
- Free customizable alerts
- No monthly Service Charge
- No ATM fees at BBVA Compass ATMs
- Free Online Banking and Mobile Banking, plus Mobile Deposit® and Bill Pay
- One Free Visa® Debit Card per account holder:
- Personalize with your favorite photo
- Easily keep track of your purchases and get instant transaction alerts on the go with BBVA Wallet
- Earn cash back rewards for everyday debit card purchases with Simple Cash BackSM
- Free online and paper statements
- Free unlimited check writing
Learn more and apply for an account here.
Money Market Account
The BBVA Compass ClearChoice Money Market Account currently sits at a rate of up to 1.80% APY. However, interest rates increase with higher balances. It’s rare to find a bank that allows interest rates on such high balances (Even up to $5,000,000)!
- You could earn up to 1.80% APY
- Apply with only $25 opening deposit
- Link to your BBVA Compass Checking account for Overdraft Protection
- Interest compounds and is credited monthly
- Easy money withdraw in branch or via BBVA Compass ATMs with no fees
Learn more and apply for an account here.
CD Promotions
The rates shown here are only available for online CD products. They differ from in-branch offers.
- Substantial penalty for early withdrawal.
- No Maintenance Fees
- Online Access 24/7
- $2,500,000 maximum deposit ($250,000 maximum deposit for Certificates of Deposit accounts opened online).
- With BBVA Compass, you’ll enjoy the confidence of depositing your savings with one of the top 20 largest U.S. commercial banks based on deposit market share.
- $500 minimum opening deposit required to earn Annual Percentage Yield (APY)
- FDIC Insurance (Up to applicable limits)
Earn up to 2.25% per term. See full list of terms here.
Build My Savings Bonus
This is a smaller bonus, but still worth doing.
Follow along to find out how you can earn $50/year or $25/6-months.
You open a checking account and a savings account with Compass Bank. Set up automatic/reoccurring transfers of at least $25 from your checking account to your savings account each month. Compass Bank will match a small percentage of your transfer (1%) and deposit it into your Savings account. The bonus maximum is $50/year or $25/6-months.
- You’ll need to open a Compass consumer checking account (e.g. BBVA Compass ClearConnect Checking, BBVA Compass ClearChoice
- Free Checking) and a Build My Savings account.
- The recurring automatic transfer must be at least $25 from your checking to savings account.
- You select how long you want your bonus plan to last (6 or 12 months).
- Transfer can be monthly, twice monthly, weekly, or every other week.
- The match is determined by Opening Balance, Transfer Amount, and plan Term. Use the calculator at the link below to see how the match bonus works.
- You’ll get your Match Bonus within 30 calendar days following the end of your plan term.
- At the end of your plan, your account will convert to a BBVA Compass ClearChoice savings account
Learn more about this bonus here.
$150 Bank Bonus
To receive this bonus you must open a qualifying BBVA Compass consumer checking account with a valid Workplace Solutions or Compass For Your Cause code. This offer is valid until December 31, 2018.
Follow the instructions below to earn your bonus:
- Get your $100 Bonus By:
- Making an electronic direct deposit of $500+ within 60 days of account opening.
- Receive a second $50 cash bonus by:
- Getting approved for and close a BBVA Signature Express Loan within 60 days of opening a new consumer checking account, OR
- Earn an additional $50 bonus (“Credit Card Bonus”), if, within 60 days of opening the new consumer checking account required for the Direct Deposit Bonus, you also: (1) are approved for and open a BBVA Compass ClearPoints Credit Card; and (2) make a Qualifying Purchase using the new credit card within 60 days of opening the new consumer checking account.
- You must be a new BBVA Compass consumer checking customer who has not had a BBVA Compass consumer checking account open within the last 90 days.
- The checking account must be coded with a Workplace Solutions or Compass For Your Cause code at account opening.
- Eligible BBVA Compass consumer checking accounts include consumer checking accounts:
- BBVA ClearChoice Interest Checking
- BBVA ClearChoice Free Checking
- Easy Checking
- BBVA ClearConnect Checking
Be sure to do the bonus in order; Direct Deposit Bonus then Signature Express Loan Bonus.
Learn more about this bonus here.
Bottom Line
Earn great rates and enjoy the practicality of online banking. BBVA Compass is a hard bank to pass, considering all their accounts are free and don’t require monthly fees. If you’re interested in signing up, visit the BBVA Compass website to learn more about then and apply!
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