BBVA Compass Bank – Top Rated Bank in Texas
AdvisoryHQ recently reviewed the top banks in Texas. Each bank that was reviewed demonstrates an excellence in quality, provides exceptional service, offers a wide-range of products, and affords a high-level of convenience to its customers.
Included in this list is BBVA Compass Bank’s Texas division.
Below we have provided a detailed review of BBVA Compass Bank in Texas and the specific factors we used in our decision-making process.
BBVA Compass Bank Review
BBVA Compass Bank is a U.S. banking franchise that is ranked among the top 25 largest commercial banks in the country, based on deposit market share. The bank operates more than 672 branches throughout the U.S., and it’s ranked as the fourth largest bank in Texas.
Image Source: BBVA Compass Bank
BBVA Compass is also a leader among Small Business Administration lenders in the U.S., and it provides banking services underneath four different sectors: Personal, Small Business, Commercial, and Global Wealth.
Key Factors That Led Us to Rank This as a Top Texas Bank
Key reasons BBVA Compass was selected as one of the best banks in Texas are listed below.
ClearSpend Prepaid Visa Card
A signature offering from BBVA Compass is the ClearSpend Prepaid Visa® Card. This innovative product is used along with a mobile app.
You order a card through the app, and then load funds from a BBVA Compass debit card or through direct deposit. You can then use the Prepaid Visa for day-to-day spending, and after 30 days it automatically suggests a budget.
Using the ClearSpend card allows two people to manage one budget while being able to maintain a clear view of what each person is spending.
This distinctive product requires no monthly or annual fee, no reload fees, and no purchase or transaction fees.
It’s great for couples, roommates, and families with older children.
ClearConnect Free Checking
One of the biggest complaints many consumers have about banks in today’s marketplace is the high fees they charge people to access their own money. BBVA seeks to avoid that through the availability of their ClearConnect free checking account.
The ClearConnect free checking account can be used alongside the Mobile Banking app from BBVA Compass, and it can also be used with online banking.
Users can set up customizable alerts and Bill Pay, plus enjoy full-service, in-branch banking. While there is a $3 monthly fee for paper statements, this fee can easily be bypassed by choosing to receive electronic statements.
There are no fees on the usage of BBVA Compass ATMs, online and mobile banking are free to users, online and paper statements are free, and users receive a free Visa Debit Card with a photo for added security.
Part of being one of the best banks in Texas is a desire to ensure customers have financial strength and control over their money. One way this is offered is through BBVA Compass overdraft protection options.
Overdraft payment and protection program options include:
This option is designed to let customers make transactions against their account, even if they don’t have enough money in that account.
The customer still has to pay bank fees, but they avoid embarrassment and the trouble that comes with having their card or check declined.
Overdraft Protection Line of Credit
This option lets customers link existing checking accounts to a line of credit to cover overdrafts, protecting against fees and returned checks.
Linked Account Overdraft Sweep Service
With this option, customers of BBVA can link their savings or money market account to their checking account, covering potential overdrafts.
With branch banks in Houston, Texas, as well as throughout the entire state, BBVA Compass is always working to create innovative and appealing programs for customers.
One option they have available is Remote Banking, available to all customers.
You’re automatically enrolled in this on-demand banking service when you open a new checking account online and complete an online application process. Once you open your checking account online, you’ll have access to the BBVA Compass concierge team.
You can contact your personal banker in the way most convenient for you, including by text, email, chat, or phone.
To browse exclusive reviews of all Top-Rated Banks in Texas, please click on any of the links below:
- Amegy Bank (ZB Corporation
- Bank of America
- BBVA Compass Bank
- Branch Banking & Trust (BB&T)
- Capital One
- Comerica Bank
- First Financial Bank
- First National Bank Texas (FNBT)
- Frost Bank
- LegacyTexas Bank
- PlainsCapital Bank
- Prosperity Bank
- Regions Bank
- Southside Bank
- Wells Fargo Bank
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