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BBVA Compass Analysis

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BBVA Compass Analysis
Our BBVA Compass Review found that BBVA Compass is not the bank for you if you do not live in one of the seven states in which it has branches. BBVA Compass is one of the largest 25 banks in the US. It has 688 branches and half of them being in Texas. Since 2007, they have been a subsidiary of the Spanish multinational bank Banco Bilbao Vizcaya Argentaria. They operate in the Sunbelt region with branches in Texas, Alabama, California, Arizona, Colorado, New Mexico and Florida. If you do not live in one of those states, you shouldn’t consider this bank.

BBVA Compass Review - Benefits And Features

BULLET LIST

Low interest rates for borrowers
Service standards in the sunbelt region are good
Usable apps that are very high rated
Very good online …show more content…
There are no ATM withdrawal fees at over 44,000 ATMs because you may also use AllPoint ATMs for free. You gain access to a digital wallet, and you may set up transaction alerts. They give you free online and paper statements, and you can avoid their fees if you maintain a balance of $5000 within the BBVA bank, which means your balance may be spread across your other accounts, so you don’t have to keep $5000 exclusively in your premium checking account.

INSERT IMAGE - BBVA premium checking

BBVA ClearConnect Checking Account

This checking account is very similar to the Compass free checking account. The difference is that you will be charged $3 per month for paper statements unless you opt out of them and go paperless. You may use AllPoint and BBVA ATMs for free, and you may personalize your debit card. I cannot figure out what the big difference is between this free checking account and the other free one mentioned above. I asked the customer service, and they said the first checking account is a full service account whereas ClearConnect is not.

INSERT IMAGE - BBVA ClearConnect Checking

BBVA Interest Checking …show more content…
For example, when I was a teen I left a few positive user reviews about HSBC because they unfroze my account after my ex-girlfriend made false fraud claims against me. They helped me again a few years later when I overdrew several times and they gave me 12 hours to fix the overdraft. I sorted the problems within the 12-hour limit and they didn’t charge me overdraft fees or inform credit-reporting companies. Again, I went online and left positive user reviews. BBVA don’t excel in any area to the point where people are inspired to go online and leave positive reviews, which is why you mostly see negative reviews. If you live in the sunbelt region, if they have an ATM near you, and if you want a good checking account, BBVA is the bank for
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