Continuing Benefits For Your Organization
Once you've signed up for the program, funds easily and continually add up with little administration on your part and little effort on the part of the participants. Here's how it works:
- We'll deposit an initial royalty payment of $50 into your Compass Business Checking account with every new, qualified checking account opened by a participating member.*
- For each qualifying† transaction your members make with their Compass Visa Check Card, we'll also deposit royalty payments equal to .25% of the amount of purchase into your account.*
- Your organizational image may be displayed on all members' Compass Visa Check Card. This is a great way for members to help promote your organization.
In addition, your members will automatically be eligible for the Compass Partnership BankingSM program. Typically reserved for businesses and their employees, this program is available to your organization AT NO COST, and offers a variety of money saving benefits and financial enhancements for your members.
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*Accounts and check cards subject to approval. $25 minimum opening deposit required. Organization member must make 5 transactions (deposits, checks, online bill payments, ACH transactions or check card purchases) within first 60 days of opening the checking account in order for the organization to qualify for royalty payments. Organization member must be a resident of AL, AZ, CA, CO, FL, NM or TX and must be at least 18 years of age (19 in AL) to qualify.
† Royalties will begin accumulating immediately upon opening of a new checking account. Accumulated royalties will be deposited into the organization's Compass checking account 60 days after opening of organization member account. After the initial deposit, royalties from checking accounts will be deposited into the organization's account on a monthly basis.
†A "Qualifying Purchase" is any signature-based purchase, Internet purchase, phone or mail-order purchase, bill payment, contactless purchase (purchases made by holding your Visa card or other device up to a secure reader instead of swiping your card), or small dollar purchase for which you are not required to sign, made with an enrolled Visa card, which is processed or submitted through the Visa U.S.A. Inc. payment system. A Qualifying Purchase does not include a purchase made using a Personal Identification Number (PIN) or purchase you initiate through identification technology that substitutes for a PIN.
Compass assumes no tax liability for royalties earned or paid under the Program. Organization shall solely be liable for any tax consequences of or in connection with their participation in the Program. Compass gives no warranty and accepts no responsibility as to the ultimate treatment of any potential tax on royalties paid under the Program.
Organization must be approved and enter into an "Affinity Card and License Agreement" Program subject to terms and conditions of Agreement.