BBVA Compass Bank Account Review 2019

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  • Best bank account that doesn't use ChexSystems
  • Free electronic and paper account statements
  • Open an account with $25
  • Available in the lower 48 states (excluding Alaska and Hawaii)
BBVA Compass ClearConnect Checking Finance VIEW BEST FINANCE

BBVA Compass is paving the future of online checking and finances, our most highly-recommended option for aiding customers with their daily life events.

By Genevieve Cruz | 17th January 2019

BBVA Compass opened its first branch in 1964 in Birmingham, Alabama and since then it has built an excellent reputation due to its innovative and considerate service. In the 50+ years since its founding it was the first bank to introduce all-day banking, the first bank to open on Saturdays, and it now ranks as one of the biggest banking establishment in Alabama, Texas, and Arizona. If that’s not enough, it has won various awards and accolades, including being named one of the best banks in America (2015-2016) by Money magazine. Today, it operates over 600 branches in America with no ATM withdrawal fees from 55,000 Allpoint and BBVA Compass ATMs.

Amongst many of the advantages that it holds over other banks, arguably BBVA Compass’ best feature is that it does not carry out a ChexSystems review when opening new accounts for customers. ChexSystems is a credit reporting and check verification agency that lists people with prior banking infractions, no matter how insignificant they may seem. Many banks use this service and it is often the reason why people are turned down when trying to open a bank account. Thus, BBVA Compass is the ideal choice for customers with a bad credit score as there’s no credit check performed and it is clearly one of the best non-ChexSystems banks around.

Account Features and Fees

BBVA Compass offers four different types of checking accounts, Free Checking, ClearConnect Checking, Interest Checking, and Easy Checking.

The Free Checking account requires no monthly or yearly cost, despite offering full-service features, not limited to their Mobile Banking app. It takes only a few minutes to apply for a Free Checking Account. The minimum amount to open this account is just $25. One of the greatest aspects of the Free Checking account is that with the free Visa Debit Card, customers can earn cash back rewards for everyday purchases. For $10, a personalized photo can be applied on the card. More features for this bank account includes:

  • No ATM fees at BBVA Compass ATMs
  • Free Online Banking and Mobile Banking, plus Mobile Deposit and Bill Pay
  • Free Customizable Alerts
  • Free online and paper statements
  • Free unlimited check writing
  • A free Visa Debit Card

Furthermore, customers have the option to customize their account by adding optional Custom Features to meet their specific banking needs. For $2, BBVA Compass offers unlimited cashier’s checks and an unlimited supply of standard checks and 50% off other styles. With an extra $3, new users will be provided with a 3 X 5 Safe Deposit Box. And an additional $5 allows free ATM transactions via another bank’s ATM. Users will receive up to four automatic rebates per statement cycle for ATM fees charged by other banks. Applying any of these components results in an estimated monthly fee – but it is your decision entirely if you want the extra features.

With the ClearConnect Checking account, users pay a $0 monthly service charge, as well as never having to worry about fulfilling any requirements to waive monthly fees. In comparison to other banks which demand a monthly service fee of between $10 to $12, BBVA Compass asks for nil. Better yet, it offers the exact same features as the Free Checking account (see above). But what makes it different is that it allows customers access to their account wherever and whenever digitally while on the go. With a ClearConnect Checking account, you can take advantage of no ATM fees from 55,000 ATMs worldwide.

If customers want to earn some interest from their account balance, Interest Checking is the best choice. This account offers next-level features and a more robust suite of Online and Mobile Banking Services. While it comes with a $25 monthly service charge, there are ways to work around and avoid this cost by meeting at least one of the following requirements:

  • Maintain an average daily collected balance of $5,000 (minimum) in your BBVA Compass ClearChoice Interest Checking account
  • Maintain a combined average daily collected balance of $25,000 in your BBVA Compass ClearChoice Interest Checking and BBVA Compass ClearChoice Money Market Account
  • The primary account holder is enrolled in the BBVA Compass Premier Personal Banking Program and maintains a Premier Personal Banking status.
  • The primary account holder is a BBVA Compass Global Wealth Client

This account comes with several tantalizing features with upgrades from the previous accounts. The added features offered includes:

  • Tiered interest rates – customers will earn individual rates on the portion of their balance in each balance tier
  • One free personalized BBVA Compass Visa Debit Card
  • Two automatic rebates per statement for ATM fees charged by other banks
  • Premium Checks at no charge, plus 50% off other styles (shipping and handling fees apply)
  • Avoid the monthly Service Charge on one BBVA Compass ClearChoice Money Market account

The final account offered at BBVA Compass is called Easy Checking. Perfect for customers that are starting over or just getting started, this account helps customers rebuild their finances. It is designed to offer a second chance with checking, had people not qualified for any of the prior checking accounts. While it does offer similar features to the Free Checking and ClearConnect Checking accounts, one main difference of Easy Checking is the concrete $13.95 monthly service charge. But not all hope is lost, after 12 months of the Easy Checking account, customers are given the opportunity to upgrade to another BBVA Compass consumer checking account if they meet both of the following requirements:

  • Their BBVA Compass Easy Checking account is in active status
  • Their BBVA Compass Easy Checking account has a positive balance
Additional Services

BBVA Compass offers four different types of checking accounts, Free Checking, ClearConnect Checking, Interest Checking, and Easy Checking.

The Free Checking account requires no monthly or yearly cost, despite offering full-service features, not limited to their Mobile Banking app. It takes only a few minutes to apply for a Free Checking Account. The minimum amount required to open this account is just $25. One of the best aspects of the Free Checking account is it includes a free Visa Debit Card that allows customers to earn cash back rewards for everyday purchases. For $10, a personalized photo can be applied on the card. More features of this bank account includes:

  • No ATM fees at BBVA Compass ATMs
  • Free BBVA Online Banking and Mobile Banking, plus Mobile Deposit and Bill Pay
  • Free Customizable Alerts
  • Free Online and Paper Statements
  • Free Unlimited Check Writing
  • A Free Visa Debit Card

Furthermore, customers have the option to customize their account by adding optional Custom Features to meet their specific banking needs. For $2, BBVA Compass offers unlimited cashier’s checks, an unlimited supply of standard checks and 50% off other styles. With an extra $3, new users will be provided with a 3 X 5 Safe Deposit Box. Paying an additional $5 allows free ATM transactions via other banks’ ATMs. Users will receive up to four automatic rebates per statement cycle for ATM fees charged by other banks. Applying any of these components results in an estimated monthly fee – but it is your decision entirely if you want the extra features.

With the ClearConnect Checking account, users pay a $0 monthly service charge, as well as never having to worry about fulfilling any requirements to waive monthly fees. In comparison to other banks that demand a monthly service fee of $10 to $12, BBVA Compass asks for nothing. Better yet, it offers the exact same features as the Free Checking account (see above). However, what makes it different is that it gives customers digital access to their account wherever and whenever they are and while on the go. With a ClearConnect Checking account, you can take advantage of no ATM fees from 55,000 ATMs worldwide.

If customers want to earn some interest from their account balance, Interest Checking is the best choice. This account offers next-level features and a more robust suite of Online and Mobile Banking Services. While it comes with a $25 monthly service charge, this cost can be avoided by meeting at least one of the following requirements:

  • Maintain an average daily collected balance of $5,000 (minimum) in your BBVA Compass ClearChoice Interest Checking account
  • Maintain a combined average daily collected balance of $25,000 in your BBVA Compass ClearChoice Interest Checking and BBVA Compass ClearChoice Money Market Account
  • The primary account holder is enrolled in the BBVA Compass Premier Personal Banking Program and maintains a Premier Personal Banking status.
  • The primary account holder is a BBVA Compass Global Wealth Client

This account comes with several tantalizing features that distinguishes it from the bank’s other types of account. The additional features include:

  • Tiered interest rates – customers will earn individual rates on the portion of their balance in each balance tier
  • One free personalized BBVA Compass Visa Debit Card
  • Two automatic rebates per statement for ATM fees charged by other banks
  • Premium Checks at no charge, plus 50% off other styles (shipping and handling fees apply)
  • Avoid the monthly Service Charge on one BBVA Compass ClearChoice Money Market account

The final account offered at BBVA Compass is the Easy Checking account. Perfect for customers that are starting over or just getting started, this account helps customers rebuild their finances. It provides second chance banking for those who do not qualify for any of the other checking accounts. While it does offer features similar to the Free Checking and ClearConnect Checking accounts, one main difference of Easy Checking is the fixed $13.95 monthly service charge. However, it is not all bad news for those hoping to avoid fees, after 12 months of using the Easy Checking account customers are given the opportunity to upgrade to another BBVA Compass consumer checking account if they meet both of the following requirements:

  • Their BBVA Compass Easy Checking account is in active status
  • Their BBVA Compass Easy Checking account has a positive balance

Additional Services

  • Overdraft Protection
  • ClearBenefits Program
  • Loans and Mortgages
  • Investments
  • Credit Cards
  • Saving Accounts
  • Premier Personal Banking
  • Student Banking
  • Everyday Heroes
  • Professional Program
  • BBVA Compass ClearBenefits Program
  • Opportunity Banking
  • Second Chance Banking

Mobile and Online Banking

More Features and Benefits

Regardless of which type of account you hold with BBVA Compass, you will greatly benefit from the BBVA Wallet, a mobile app that is available for both Android and iOS devices. The mobile app is a five-time award winner of Javelin Mobile Banking Leader. It provides a huge amount of functionality such as the ability to make transfers, pay bills, deposit checks, view balances, and far more straight from your mobile device. The app will also alert you if there is any unusual account activity, providing you with an extra layer of security. With Mobile Banking, there are a number of other features that you will benefit from. For instance, the Simple Cash Back Rewards program is available with just a few taps of the screen, you can use Secure Send to send money internationally, you can use Popmoney to easily send, request and receive money from anyone in the US, regardless of which bank they are customers of, and far more. Thanks to this, BBVA Compass provides some of the best online banking services.

Another area where BBVA Compass stands out is customer service. There are a number of ways to get in touch with the customer support team. They have a number of toll-free phone numbers, you can contact then via Twitter, and to save you time, it is also possible to schedule a phone call in advance. Just click on the ‘Request a Call’ button on the website and a representative from the bank will be in contact.

One service offered that you certainly do not find at every bank is Video Banking. You can connect to a live teller at any time day or night. You can do virtually anything with video banking that you are able to do by visiting the local branch. This includes asking questions, making deposits and withdrawals, transferring money, requesting statements, ordering checks, and so on.

Security

It is obvious that banks need to be particularly careful with security and BBVA Compass does not let you down. They use a combination of online and mobile banking alerts that will make sure that you are aware of any unusual account activity. Furthermore, they also offer the BBVA Compass ClearBenefits. This provides you with added protection in the event that you fall victim to identity theft. The ClearBenefits include identity theft restoration available around the clock to investigate any suspicious activity and if necessary issue alerts to the relevant state agencies and financial institutions. It also includes insurance that provides up to $25,000 to cover lost earnings, legal costs, defense costs, and so on. It is also important to note that BBVA Compass is an FDIC participating bank, which means that there is FDIC insurance on all deposits of up to $250,000 per depositor.

More Banks That Do Not Use ChexSystems

If you are searching for a checking account for bad credit then we highly recommend approaching a bank that does not carry out credit checks or ChexSystems reviews when opening a bank account. BBVA Compass is our first recommendation as it is one of the rare banking establishments to offer convenient check accounts with satisfying interest rates and very few fees. However, there are other non ChexSystems banks and credit unions that don’t use ChexSystems, such as:

Conclusion

BBVA Compass is undoubtedly the best bank to turn to for avoiding ChexSystems, but beyond that it is can be considered the best bank for checking accounts. It offers a range of basic and straightforward checking accounts without any hidden costs or clauses. Praised for its unmatched service and smooth online and mobile access, it’s no surprise that BBVA Compass continues to overshadow its competitors.

ProsCons
Range of checking account options suited to different budgetsSlightly low interest rates
Award winning mobile appBranches are not nationwide
Numerous novel features such as video banking
Offer a second chance bank account
Reviewed by
Genevieve Cruz
Genevieve is our Content Manager in charge of checking the product reviews. She is an avid blogger and writer, and is always willing to try out a lot of our services herself. She loves books and can often be found reading as well as writing her own. Read more.
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