Business Overdraft 
Protection Programs

Overview

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.

Programs

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. 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.

Solutions

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 accounts3 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. 

Account 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.

Learn More

Online Banking

All your account information is just a few clicks away with Online Banking. Pay bills, transfer funds, view Online Statements, and more with access to everything you need in one place.

Learn More

Mobile NSF Alerts4

With Mobile NSF Alerts4, you receive a text message when your checking account is overdrawn or when items are presented against non-sufficient funds.

Learn More

Mobile Banking5

Bank whenever, wherever from your mobile device. It’s a fast, easy, and convenient way to manage your BBVA Compass accounts. Download the BBVA Compass Mobile Banking app today!

Learn More

ATM Banking

Make banking more convenient with ATMs and your BBVA Compass business debit card. Withdraw and transfer funds, check your balance, make deposits, and more with easy-to-use self-service banking.

Learn More

PROTECTION OPTIONS

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 Credit6

    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.

  • Linked Account Overdraft Sweep Service7

    This option links your BBVA Compass business savings or money market account to your business checking account to cover overdrafts. 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.8

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

Details you need to make a smart decision

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 your account is overdrawn by more than $1.00, you will be charged an NSF Charge – Paid Item fee of $38 ($32 in CA). Should your account remain overdrawn by more than $1.00 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 overdrawn by more than $1.00 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 BBVA Compass ClearConnectSM for Business, BBVA Compass ClearChoiceSM for Business and BBVA Compass ClearChoiceSM Premium for Business accounts.

3 Small Business Checking Accounts include BBVA Compass ClearConnectSM for Business, BBVA Compass ClearChoiceSM for Business, and BBVA Compass ClearChoiceSM Premium for Business accounts. Not all checking accounts are eligible. See your local branch for details.

4BBVA 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.

5Mobile Banking: Message and Data fees may apply. Check with your wireless carrier about such fees.

6 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.

7 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.

8 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. Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; your line of credit may not be sufficient to cover all transactions. See your local branch for details.