Fundraising for Nonprofits
with Compass For
Compass For Your Cause Programs for Nonprofits
Easy, Hassle-Free Fundraising for Non-Profit Organizations
At BBVA Compass, we know that fundraising is an important yet challenging part of every non-profit organization. That's why we're excited to offer the Compass For Your Cause program—an easy affinity program for any organization that needs to raise money on an ongoing basis.
Benefits For Your Organization
Once you've signed up for the BBVA Compass for your Cause 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 BBVA Compass Business Checking account with every new, qualified checking account opened by a participating member.1
- For each qualifying3 transaction your members make with their BBVA Compass Visa Debit Card, we'll also deposit royalty payments equal to .25% of the amount of purchase into your account.2
- Your organizational image may be displayed on all members' BBVA Compass Visa Debit Card. This is a great way for members to help promote your organization.
- If you open a Merchant Services powered by First Data account with BBVA Compass, you will have access to a variety of payment processing solutions for your supporters to easily make donations to your organization. You will also receive a rebate of 10% of your previous month’s bill on the following month’s Merchant Services’ statement!*
In addition, your members will automatically be eligible for the BBVA Compass Workplace Solutions 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.
How much can my organization make through the Compass For Your Cause program?
While every organization is different, here's a sample of how easily the money can add up:
The Main Street Cancer Society recently began a Compass For Your Cause relationship and encouraged 100 members to join. Each member makes an average of $500 worth of qualifying debit card purchases per month. How much does their organization make in one year?
|$50 x 100 members =||$5,000 initial royalty payments*|
|$500 (in qualifying purchases)
x 100 members
x 12 months x .25% =
|$1,500 Additional Royalties|
|Total||$6,500 for your organization!|
Hassle-free fundraising for your members
No checks to write. No direct mail. No telemarketing. In other words, no hassles. The Compass For Your Cause Program allows your members to support your organization, by doing something many of them do virtually every day—use their debit card for everyday purchases. And it's easy for them to get started. They simply:
- Open a BBVA Compass Checking Account1
- Open a Compass Visa® Debit Card1
- Sign for purchases using the Debit Card
That's all there is to it. When they open an account, you earn a royalty of $50.2 Every time they use their Debit Card for qualifying purchases3, you earn additional royalties. So start earning money the easy way with the Compass For Your Cause program. Contact us today to get started.
1 Accounts and debit cards subject to approval. $25 minimum opening deposit required. Organization member must make 5 transactions (deposits, checks, online bill payments, ACH transactions or debit 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.
2 Royalties will begin accumulating immediately upon opening of a new checking account. Accumulated royalties will be deposited into the organization's BBVA 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.
3 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.
4©2016 All rights reserved. BBVA Compass Merchant Services provided by First Data Merchant Services Corporation. Merchant accounts are subject to approval, including credit approval. Merchant Services are provided and underwritten by First Data Merchant Services Corporation which assumes all responsibility and liability for the services they provide. First Data Merchant Services is not an affiliate of BBVA Compass. Merchant must be enrolled in the BBVA Compass For Your Cause program and be classified by BBVA Compass as one of the following business types to qualify for rebate: Merchant Category Code ("MCC') 8398 - Charitable & Social Service Organization, MCC 3641 - Civic, Social, and Fraternal Associations, MCC 8651 - Political Organizations, MCC 8661 - Religious Organizations, MCC 8699 - Membership Organizations. Merchant will receive 10% rebate off the total amount billed with rebate applied to the following month’s merchant statement. Maximum rebate amount credited during calendar year is limited to $500.00. Rebate Offer subject to change without notice. Offer not valid with any other offer. Offer applies to new merchant accounts only.
BBVA 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. BBVA 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.