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Money Market Sweep

Get more out of your savings with the Money Market Sweep solution from BBVA Compass.

Through this unique saving solution, you can link your BBVA Compass checking and BBVA Compass ClearChoice Money Market accounts. When you reach a maximum balance in your checking account, the funds automatically transfer or "sweep" into your interest bearing money market account*. Here's how it works:

  • Your BBVA Compass banker will set up your Money Market Sweep by linking your new or current checking and money market accounts.
  • You determine a target maximum balance of at least $10,000 for your checking account.
  • Each day that your collected balance exceeds your target maximum balance, the excess funds will automatically sweep into your  BBVA Compass ClearChoice Money Market account.

There are no minimum transfer amounts – all excess funds over your target maximum balance are transferred daily. Additionally,

  • Funds in your accounts are insured up to FDIC limits
  • The Money Market Sweep can be used as an overdraft protection solution--If you overdraw your checking account, we will sweep money back to your checking account.**

For more information or to set up a Money Market Sweep, visit any BBVA Compass branch.

Interest Rates for Money Market Sweep service may vary from  BBVA Compass ClearChoice Money Market rates. See branch for details >

Checking accounts subject to approval, which may include credit approval. Money market accounts subject to approval. Checking and money market accounts require a $25 opening minimum deposit.  BBVA Compass ClearChoice Money Market account withdrawals and transfers not made in person, including sweep transfers from the  BBVA Compass ClearChoice Money Market account, are limited to six per month. Only three of these withdrawals may be by check or debit point-of-sale transactions. These limits are imposed by federal law and, if exceeded, could result in reclassifying the account as non-interest bearing. If the minimum daily collected balance in the  BBVA Compass ClearChoice Money Market account for the month drops below $10,000, there is a monthly service charge of $15.00 deducted from the  BBVA Compass ClearChoice Money Market account. If you have an automatic, recurring monthly transfer of $25 or more from a BBVA Compass checking account to your  BBVA Compass ClearChoice Money Market account in effect at the time the service charge would be assessed, the service charge will not apply.

** If the daily collected balance in the checking account is less than $0, then an amount equal to the amount necessary to re-establish the target maximum balance in the checking account will be transferred from the  BBVA Compass ClearChoice Money Market account to the checking account. If the daily collected balance in the  BBVA Compass ClearChoice Money Market account is insufficient to re-establish the target maximum balance but is sufficient to re-establish a balance of $0 in the checking account, then an amount equal to the amount necessary to re-establish a balance of $0 in the checking account will be transferred from the Preferred Money Market account to the checking account. No transfer from the BBVA Compass ClearChoice Money Market account to the checking account will be made if (i) the daily collected balance in the  BBVA Compass ClearChoice Money Market account is insufficient to re-establish a balance of $0 in the checking account, or (ii) the daily collected balance in the checking account is less than the target maximum balance but greater than $0.

Get Started

By Phone 1-800-COMPASS