"CompassLink Checking" from BBVA Compass Bank

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The Basics

Minimum Opening Deposit
 
 $25.00
A $25.00 deposit is required to open this account.
Monthly Maintenance Fee
 
 $20.00
The Monthly Service Fee of $20.00 can be waived by:
- Maintaining an minimum combined daily balance of $5,000.00 in this account and a Preferred Money market Account;
- Carrying over $7,500.00 in installment loan balances.
Annual Percentage Yield (APY)
 
 0.01%
The account earns 0.01% interest.

*APY may vary by location.

Debit Cards & Using ATMs

CompassPoints Rewards
 
 $0.00/yr
This account includes 'CompassPoints Rewards' program to earn points for gifts and other items. There is no annual fee for this card.
Debit Card $0.00/yr
Non-affiliated ATM Usage Fee
 
 $2.00/per use
There is a $2.00 fee whenever using a non-affiliated ATM.
International ATM Usage Fee Show Details
There is a fee calculated as 1.00% of the total amount withdrawn.

Electronic & Telephone Banking

Online Banking Free
Email Alerts
 
 Included with Online Banking
This Email Alert feature enables you to receive:
- The bad news that your account balance is below $0;
- Daily balance updates.
Online Bill Pay Free
Mobile & Text Banking
 
 Free
This institution supports:
- A text messaging service to view account balances, view recent activity, transfer funds;
- iPhone, Android and BlackBerry apps to view account balances, view recent activity, transfer funds. With the iPhone app you can also find the nearest BBVA branch.
Automated Phone Banking
 
 $1.00/transaction
Direct Connect for Quicken
 
 Free
You can access your transaction history directly through Quicken and Quicken for Macs.

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks
 
 Yes
Orders of 'basic' checks are free for all account holders (not including shipping and handling).
Monthly Paper Statements Yes
Check Images with Statements
 
 Included
Images of canceled checks may be included in monthly statements for no fee.
Online Statements Yes
Online Check Images Yes

Overdrawing the Account

Negative Balance Fee
 
 Yes
There is a $25.00 fee for a negative balance after 10 calendar days with less than a $0.00 balance. After that, this fee is assessed every 20 days the account has a negative balance.
Returned Item Fee
 
 $38.00/per item
The Insufficient Funds Fee is $38.00 per overdraft.
Overdraft Protection Unavailable

Savings and Money Market Accounts

Basic Savings
 
 No Fee
'Basic Savings' requires $25.00 to open and $0.00 to earn interest.
Current APY Information:
- 0.05% at minimum balance to earn interest;
- 0.05% at minimum balance to avoid fees;
- 0.05% at $25,000.00
There is no monthly service fee, however there is a quarterly service charge of $15.00 every three months. This fee can be waived when keeping a minimum daily balance of $500.
Compass Preferred Money Market
 
 $15.00/month
'Compass Preferred Money Market' requires $25.00 to open and $0.00 to earn interest.
Current APY Information:
- 0.10 % at minimum balance to earn interest;
- 0.15% at minimum balance to avoid fees;
- 0.20% at $25,000.00
The account has a monthly service fee of $15.00. This fee can be waived if you:
- Maintain a minimum balance of $10,000.00;
- Have an automatic, recurring monthly transfer of $25 from your checking account to your money market account.

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