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BBVA Compass

Business Overdraft
Protection Programs


Helping you manage the unexpected.

Managing the unexpected is part of running a business. At BBVA Compass we want you, and your business, to be prepared when the unexpected occurs. From easy-to-use account management tools to Business Overdraft Protection Programs, we’ve gone the extra mile to create a banking relationship that gives you peace of mind.

  • Overview
  • Manage Accounts
  • Overdraft Protection for Businesses

Business Overdraft Protection Programs

It happens to most businesses: money goes out the door faster than it comes back in and your business account becomes overdrawn. It could be related to rapid growth or simply a slow time of the year. The good news is now there are many ways to easily manage your account, and financial tools designed to protect you in the event of an overdraft.

So, what is an overdraft? An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the transaction is paid anyway1. You can be charged overdraft fees for any type of transaction that causes an overdraft2 — whether it’s a check, debit card charge, preauthorized electronic fund transfer, or ATM withdrawal.

Managing Your Business Checking Account

The best way to avoid overdrafts is to always know how much money is in your account. At BBVA Compass we want to provide you with easy-to-use tools to give you access to your Available Balance information anytime, anywhere. Below are some of these account management tools:

And remember, knowing your Available Balance is only one of the ways to effectively manage your account. BBVA Compass also offers multiple Treasury Management services that could help your business improve cash flow and automate routine processes. Learn More >

Protecting Your Business Checking Account

Even with the many tools available to help you manage your account, sometimes the unexpected happens. At BBVA Compass, we help you manage those moments and gain peace of mind with our Business Overdraft Protection Programs:

To help you better understand the overdraft protection options available for your business account, please view the Business Overdraft Protection Programs Comparison Chart. Learn More >

1BBVA Compass is not obligated to pay any item presented for payment if your account does not contain sufficient available funds, and we reserve the right not to pay. For certain transactions, an NSF Charge – Returned Item fee of $38 ($32 in CA) may apply if the bank chooses not to pay a transaction into overdraft.

2If an overdraft occurs, you will be charged an NSF Charge – Paid Item fee of $38 ($32 in CA). Should your account become overdrawn and continue with a negative balance for ten (10) consecutive calendar days, an extended overdraft fee of $25 will be charged. An additional $25 extended overdraft fee will be charged if your account remains negative for twenty (20) consecutive calendar days. This charge is in addition to any NSF fees you may incur as a result of items being presented against insufficient funds. This service charge applies only to ClearConnectSM for Business, BBVA Compass ClearChoiceSM for Business, Business Interest Checking and CompassWorks for Business accounts.

3Mobile Banking: Message and Data fees may apply. Check with your wireless carrier about such fees.

4Business Overdraft Protection Line of Credit accounts are subject to approval, including credit approval. Fees and interest charges apply. The amount of overdraft protection coverage provided under an ODP Line of Credit is determined by your credit limit, which is subject to review and approval. Having a Business Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; the amount of credit available on your Business Overdraft Protection Line of Credit may not be sufficient to cover all transactions. Not all checking accounts are eligible. See your local branch for details.

Account Management Tools

Now, it’s faster and easier than ever to manage your business checking account. That’s because BBVA Compass Small Business Checking Accounts1 include online banking, mobile banking, and account alerts at no additional charge. These handy tools can help you avoid overdrafts by giving you access to your available balance information anytime, anywhere. 

Online Banking

All your account information is just a few clicks away with Online Banking. You can use it to access your available balance and also to:

  • View account balances, transactions and statements
  • Make easy transfers between your BBVA Compass accounts
  • Conveniently view, manage and pay bills
  • Set up alerts for notifications regarding your accounts
  • Download your account information into popular money management software.

Learn more about Online Banking

Mobile Banking2

Bank whenever, wherever from your mobile device. It’s a fast, easy and convenient way to manage your BBVA Compass accounts. Mobile Banking is available either through simple text messaging or a mobile device app. With the BBVA Compass Mobile Banking app you can:

  • View, pay and manage bills
  • View check images, account balances and pending transactions
  • Transfer funds between accounts
  • Make payments to BBVA Compass credit cards

Learn more about BBVA Compass Mobile Banking

Alerts

It’s not always easy to check your account every day. With alerts, you can get account information sent directly to you. You decide what information you want and when you want it by setting up Alerts in Online Banking. Alert options include:

  • Account Balance
  • Daily Balance
  • Account Summary
  • Insufficient Funds
  • Failed Online Transfer

Learn more about E-mail Alerts

Mobile NSF Alerts

With Mobile NSF Alerts, you receive a text message when your checking account is overdrawn or when items are presented against non-sufficient funds.

  • There is no charge for the Mobile NSF Alerts.3
  • To sign up for Mobile NSF Alerts, you can visit any branch or call online banking at 1-800-273-1057 to enroll your new or existing checking account and have a banker enroll your phone.

Learn more about NSF Alerts

1 Small Business Checking Accounts include ClearConnectSM for Business, Business Interest Checking, and BBVA Compass ClearChoiceSM for Business accounts.

2Mobile Banking: Message and Data Rates May Apply. Please check with your wireless carrier about such fees.

3BBVA Compass does not charge for the Mobile NSF Alerts Program; however, Message and Data Rates May Apply. Please check with your wireless carrier about such fees.

Overdraft Protection for Businesses

Everyone makes mistakes and all businesses have cash flow fluctuations. But having one of our Business Overdraft Protection Programs can help you avoid costly overdraft fees, and give you the peace of mind of knowing your business is protected if an overdraft does occur.

Business Overdraft Protection Line of Credit1

With a BBVA Compass Business Overdraft Protection Line of Credit, you can link an existing business checking account to a line of credit to cover overdrafts and help protect against returned checks and unnecessary fees. A Business Overdraft Protection Line of Credit will:

  • Help prevent important payments from being returned or declined.
  • Help you easily manage your checking account with automated credit advances to cover potential overdrafts.

How does it work? If you accidentally exceed the funds in your checking account, we’ll advance money to your business checking account from your Business Overdraft Protection Line of Credit (up to your available credit limit) to cover the amount plus any related Overdraft Protection Fees.2

  • Information on your Business Overdraft Protection Line of Credit, including your minimum payment amount and payment due date, will be included on your monthly checking account statement.
  • Your minimum required payment will be drafted automatically from the linked checking account if you have not paid it by your due date.

To help you better understand the overdraft protection options available to you, please view the Business Overdraft Payment and Protection Program Comparison Chart. Learn More >

To apply for an Overdraft Protection Line of Credit, visit your local branch or call 1-800-COMPASS (266-7277) today!

Linked Account Overdraft Sweep Service

This option links your BBVA Compass business savings or money market account to your business checking account to cover overdrafts3. How does this work? As long as you have available funds in your linked savings account to cover the overdrawn amount, we will automatically transfer funds to your checking account. In general, fees for this service are lower than standard overdraft and NSF fees.4 Having Linked Account Overdraft Sweep Service will:

  • Help ensure important payments are not returned or declined
  • Help you easily manage your checking account with automatic transfers

To help you better understand the overdraft protection options available to you, please view the Business Overdraft Payment and Protection Program Comparison Chart. Learn More >

To open a business savings or money market account, please visit your local branch or call 1-800-COMPASS (266-7277).

To link your existing savings account to your checking account, please visit your local branch or call 1-800-COMPASS (266-7277).

Need to open a new checking account? Find the Business Checking Account that is right for you.

BBVA Compass also offers account management tools you can use to avoid overdrafts. Learn more >

1 Business Overdraft Protection Line of Credit accounts are subject to approval, including credit approval. Fees and interest charges apply. The amount of overdraft protection coverage provided under an ODP Line of Credit is determined by your credit limit, which is subject to review and approval. Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; the amount of credit available on your ODP Line of Credit may not be sufficient to cover all transactions. Not all checking accounts are eligible. See your local branch for details.

Business Overdraft Protection Line of Credit Terms 
Annual Percentage Rate (APR) 18%
Grace Period for Repayment of Credit Line Balance There is no grace period in which to repay the balance of your credit line before finance charges will be imposed.
Method of Compounding Credit Line Balance Daily balance method, including current transactions.
Annual Fee None
Minimum Finance Charge None
Overdraft Protection Fee $12 ($9 in CA) Once per day of transactions)
Late Payment Fee None
Over-the-Credit-Limit Fee None
Overdraft Protection Limit Determined upon approval & acceptance

2 An Overdraft Protection Fee of $12 ($9 in CA) per day will be charged to your checking account for each day in which an advance is made from your Business Overdraft Protection Line of Credit to cover an overdraft (maximum one Overdraft Protection Fee per day, regardless of the number of overdraft transactions in a given day).

3 Having Linked Account Overdraft Sweep Service does not guarantee you against paying NSF fees; the amount of funds in your savings account may not be sufficient to cover all transactions. Even if enough funds are in the secondary account to cover an overdraft, the bank is not obligated to transfer funds if: (a) the secondary account is dormant, inactive, or frozen; or (b) the transfer exceeds or would exceed any limitation on the number of transactions that are permitted for the secondary account. Withdrawal transactions from savings and money market accounts are governed by federal law and, if transaction limitations are exceeded, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA Compass or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from this account) to a total of six (6) per month. There is no limit on the number of withdrawals from savings or money market accounts when made in person at a BBVA Compass banking office or at an automated teller machine. Withdrawal transactions subject to Excess Transaction Fees.

4 Maximum of one Inter-Account Transfer Fee of $12 ($9 in CA) per day in which there is a transfer. The Inter-Account Transfer Fee will be charged to your checking account. See your local branch for details.