October 08, 2013
BIRMINGHAM, Ala., Oct. 8, 2013 /PRNewswire/ -- BBVA Compass is launching four new checking products, adding to the value and simplicity of its consumer deposit offerings.
The accounts — ClearConnect Checking, BBVA Compass ClearChoice Checking, BBVA Compass ClearChoice Checking for Seniors and BBVA Compass ClearChoice Checking for Everyday Heroes — were designed to reward customers with fewer fees when using products built with their specific banking habits in mind.
The launch is part of BBVA Compass' effort to make banking simpler, more transparent, and more adaptable to customers' diverse needs.
"We've responded to our customers' call for value and simplicity," said Kristin Julbert, director of consumer deposit products for BBVA Compass. "These four accounts offer more choices, including a new digital product and highly competitive pricing."
Julbert said ClearConnect, the bank's newest digital offering, seeks to build on the bank's NBA Banking success. The product was designed for the bank's fastest-growing segment: customers who conduct most of their banking via online or mobile channels and visit bank branches infrequently. Similar to NBA Banking, ClearConnect offers online games and rewards and has no monthly service charge.
The BBVA Compass ClearChoice Checking options were created for customers who value unlimited check writing and make regular visits to branches. BBVA Compass ClearChoice Checking for Seniors comes with complimentary paper statements — a feature popular among customers 65 and older — while BBVA Compass ClearChoice Checking for Everyday Heroes (a product designed for teachers, law enforcement, health care professionals and active and retired U.S. military) has no monthly service charge.
Each of the accounts, including ClearConnect, is being offered both online through the bank's website and in its branches.
All checking accounts subject to approval, which may include credit approval. $25 minimum opening deposit required. Miscellaneous fees and service charges apply. Transaction fees apply to ClearConnect Checking accounts. Please refer to the Terms & Conditions for each product for complete details.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 688 branches, including 352 in Texas, 90 in Alabama, 78 in Arizona, 64 in California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading Small Business Administration lenders and was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at www.bbvacompass.com.
BBVA Compass is a trade name of Compass Bank, Member FDIC.
SOURCE BBVA Compass
For further information: Ralph Evans, Corporate Communications, Tel. 205.297.3038, [email protected]