Compass bank provides banking products and services to individuals and businesses. The company was founded in 1964 and operates as a subsidiary of BBVA Compass Bancshares, Inc.

  • Branch / ATM Locator
  • Website: https://www.bbvacompass.com/
  • Routing Number: 62001186
  • Swift Code: See Details
  • Telephone Number: +1 800-266-7277
  • Mobile App: Android | iPhone
  • Founded: 1964 (57 years ago)
  • Bank's Rating:

    (5 votes, average: 4.80 out of 5)

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Compass Bank has made it easy for their customers to conveniently access their bank accounts. These online banking services are free and customers who have an account with the bank can register anytime. In this post, we will be taking you through the process of how to login into your online account, how to reset your password and how to register for the internet banking services.

How to login

Compass Bank has an easy to use website interface that enables customers to comfortably login into their online account. Follow these simple steps to login into online account:

Step 1-Open https://www.bbvacompass.com/ in your web browser

Step 2-Enter your username

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You will be granted access to your online account if you user valid logins

Forgot your password?

If you have forgotten you password, you will need to reset it to access your online account. You will need a valid user ID to be able to reset your password. As a security measure, you will be required to provide a valid user ID to be able to access the password page.

That means that you won't be able to reset your password if you don't use the correct user ID. Once you have entered a valid user ID, you will be granted direct access to the password reset page.

How to register

It's easy to enroll for the online banking services offered by the bank. Remember that these services are only available to people who have a bank account with the bank. Here are the steps you will need to follow to successfully register an online account with the bank:

Step 1-Go to the Homepage and click "activate" as shown below

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Step 2-Click "activate your online banking now"

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Step 3-Choose your account type

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Step 4-Complete three more steps to register for the internet banking services

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Manage your Compass Bank online account

The advantages of having an online account with Compass Bank include:

  • Easy to make payments
  • Check your account balances
  • Transfer money between accounts
  • Access your eStatement

Compass Bank Review

Compass Bank is a United States based bank headquartered in Birmingham, Alabama. The bank operates mainly in New Mexico, Alabama, California, Florida, Arizona, Colorado and Texas.

Compass Bank ranks among the 50 largest banks in the United States with 688 branches and was a previous member of the Dow Jones Select Dividend Index and S&P 500 Index. The bank has total assets of $86 billion. The bank is the 31st largest bank in the U.S.

The bank's basic checking account does not charge a monthly fee, it is otherwise fairly average. The rates on the bank's saving account are also low. It goes without saying that one of its best features is the prepaid debit card, which basically charges less than most of its competitors.

The bank has more than 700 locations in 7 states. Half of these branches are located in Texas, but the good thing is that customers from other states can get their queries responded to on the bank's easy-to-use website.

Checking accounts

One good thing about this account is that it is easy to open and has no monthly fees. Compass Bank has a few checking accounts that may want to know:

ClearConnect Checking-This account gives you full time access to your money. You are required to open with $25, enjoy online and mobile banking and a Compass Visa Debit Card that you can customize with your photo. It does not offer a monthly service fee and no ATM fees for using Compass and Allpoint ATMs.

Free checking-This is a free checking account that comes with full-service features. You will enjoy free paper and online statements, free online and mobile banking and you are required to open with $25. In addition, there is unlimited check writing. Monthly service charge is zero and no ATM fees for using Compass ATMs.

Interesting checking-Enjoy exclusive features and perks and earn interest. The benefits of this account include unlimited check writing, complimentary online and mobile banking, complimentary premium checks automatic rebates on fees charged on ATM by other banks and you need to open with $25.

The monthly service charge on this account can be waived if you meet certain requirements.

Benefits

  • A manageable $25 is required to open a checking account
  • No monthly charge. In the case of Interest checking, it can be waived

Downsides

  • You will need to pay $2.5 out-of-network ATM fee
  • No interest earned for ClearChoice Free checking

Savings account and money market account

Although it is best to avoid the quarterly fee, the ClearChoice Savings account gets a zero for its low interest rate

Benefits

  • It is easy to avoid the quarterly maintenance fee of $15 by maintaining a daily minimum balance of at least $500 or with the automatic monthly transfer of $25 from the bank's checking account

Downsides

  • Its annual percentage yield is a mere 0.05%
  • The bank's $15 quarterly fee can accumulate if you meet requirements to avoid it

Certificate of deposit

The standard rates vary from one state to another, but Compass Bank's CD rates are low in all states. You may be better off saving your money in high-yield savings account.

Benefits

  • Offers ten term length, from one month to 4 years

Downsides

  • All CDs require a minimum deposit of $500
  • Low rates

Customer experience

Well, the reality is that you won't come across a Compass Bank branch as easily as you would with other banks such as Bank of America and Wells Fargo. You can however get help on the bank's website which highlights its accounts and fees.

Compass Bank also offers a range of customer service channels, including Twitter and customers can also schedule a call in advance. The banks mobile apps have received good reviews. Its website is easy to navigate and clean.

Overdraft fees

Compass Bank isn't the right bank for people who like to keep overdrawing their account. The bank charges a high $38 overdraft fee and an additional $25 fee for those whose accounts have a negative balance for 10 consecutive days and an additional $5 if the account remains in the red for an additional 10 days.

Conclusion

You can find Compass Bank branches in Texas, California, New Mexico, Alabama, Florida and Colorado. Although interest rates are low, the bank offers no-frills deposit accounts. With an easy-to-navigate website, highly rated apps and sound customer support, Compass Bank shines most when it comes to customer experience.